The profit distribution in the first 10 months is about 1.25 trillion yuan, and the annual profit distribution is expected to be 1.5 trillion yuan——

  Financial benefits the real economy to promote development (Rui Finance)

  Since the beginning of this year, the financial industry has helped enterprises to survive and develop through reasonable profit distribution, stabilized economic fundamentals, and achieved remarkable results in supporting the real economy.

At the State Council’s regular policy briefing held recently, Liu Guoqiang, the vice governor of the People’s Bank of China, stated that the financial system has already transferred about 1.25 trillion yuan to the real economy in the first 10 months of this year. aims.

  Improve the quality and efficiency of financial service entities

  "Since this year, the People's Bank of China and the China Banking and Insurance Regulatory Commission have guided and urged financial institutions to increase their efforts to effectively support the development of the real economy." Liu Guoqiang said, "In general, various measures have achieved remarkable results, and the quality and efficiency of financial services to the real economy have continued to improve."

  ——Prudent monetary policy is more flexible and appropriate.

Comprehensive use of monetary policy tools such as RRR cuts, medium-term lending facilities, open market operations, refinancing, rediscounting, etc., to maintain reasonable and sufficient liquidity, and promote the overall market interest rate to stabilize and decrease.

  ——Continue to release the dividends of LPR reform.

Guide the medium-term lending facility and open market operations to lower the bid-winning interest rate by 0.3 percentage points, which led to a simultaneous decline in LPR and promoted a significant decline in corporate loan interest rates.

  -Using structural monetary policy tools to accurately drip irrigation.

The re-loan and rediscount quotas were increased by 1.8 trillion yuan in three batches and gradually distributed in place.

The phased deferment of debt and interest payment policy for small and micro enterprise loans and the inclusive small and micro credit loan support policy have accelerated the implementation of two monetary policy tools that directly reach the real economy, and direct support for small and micro enterprises has been further increased.

  -Supervise banks to reduce fees and make profits.

Standardize the charging behavior of credit, loan assistance, credit enhancement and assessment links, and urge banks to implement various policy requirements for fee reduction and profit concession, and actively transfer profits to the real economy.

  "In the first 10 months of this year, the financial system has provided the real economy with two direct tools such as lower interest rates, deferred debt repayment for small, medium and micro enterprises, and inclusive small and micro credit loans, reduction of fees, and support for enterprise restructuring and debt-to-equity swaps. The profit is about 1.25 trillion yuan." Liu Guoqiang said.

  Small and micro financing volume increases

  This year, affected by the epidemic, many small and micro enterprises are facing the problem of tight capital chains and difficult survival conditions.

Beijing Santai Environmental Technology Co., Ltd. is one of them.

  After understanding the three-state environment, the Industrial and Commercial Bank of China Beijing Hepingli Branch took the initiative to extend an olive branch and timely granted this private enterprise with more than 60 national patented technologies a one-year loan of 2 million yuan, with no annual interest. To 4%.

  "We learned from our research that the three-state environmental technology has accumulated deep and abundant orders in hand, and many businesses are only limited by the capital flow. We have decided to provide financial support in a timely manner." ICBC Beijing Hepingli Sub-branch Account Manager He Shaowei said.

  After receiving the funds, Zhao Yiyi, the founder of Three-state Environmental Technology, spent his money on the blade: purchasing raw materials, purchasing parts and components, participating in bidding, and was very busy.

"With a huge garbage disposal market and financial support from banks, we are confident!" Zhao Yiyi said.

  "Since this year, corporate loan interest rates have dropped significantly, and real economy loan demand is strong." Sun Guofeng, Director of the Monetary Policy Department of the People's Bank of China, pointed out that at the end of September, the balance of inclusive small and micro loans increased by 29.6% year-on-year, setting a record for 7 consecutive months since statistics. New highs; from January to September, inclusive small and micro loans increased by 3 trillion yuan, an increase of 1.2 trillion yuan year-on-year; the average interest rate of newly issued inclusive small and micro loans in September was 4.92%, a decrease of 0.96 percentage points from December of the previous year; At the end of September, inclusive small and micro loans supported 31.28 million small and micro business entities, a year-on-year increase of 21.8%.

These data show that the financing of small and micro enterprises and private enterprises continues to show the characteristics of "increasing volume, expanding coverage, and falling prices", and the demand for financing is increasing.

  The goal of annual profit distribution can be achieved

  At present, the domestic economy is recovering well. Will financial institutions make adjustments to their policy of concession in the future?

Can this year's 1.5 trillion yuan profit distribution target be successfully completed?

  In this regard, Liu Guoqiang said that since the beginning of this year, the prudent monetary policy has become more flexible and appropriate, adhering to the three deterministic directions of moderate aggregate policy, reducing financing costs, and supporting the real economy, and responding to high uncertainties with the certainty of systems and policies.

"Where does the capital go? Go to the real economy, don't play the game of'money makes money'." Liu Guoqiang said, "At present, the central bank's policy interest rate and LPR have remained stable, and corporate loan interest rates have continued to decline and are at a historically low level. With the LPR reform, the monetary policy transmission mechanism has become smoother, and the 1.5 trillion yuan profit transfer target can be achieved this year."

  Liu Guoqiang pointed out that in the next phase, the People's Bank of China will maintain policy stability with relevant departments such as the China Banking and Insurance Regulatory Commission, make good use of existing preferential policies, continue to release relevant policy dividends, and make good use of the policies that have already been introduced and further implement them in place.

At the same time, further enhance the accuracy and directness of various policies, better promote the financial system to transfer profits to the real economy, and ensure the completion of the annual profit transfer target.

  “Policies in special periods cannot be long-term. Withdrawal is necessary sooner or later, but the timing and method of withdrawal need to be carefully evaluated, mainly based on the status of economic recovery.” Liu Guoqiang said that China’s economy is strong and the policy effects It is working, and market confidence is recovering.

In the next step, the overall policy will continue to be moderately tight, and the effect of financial services to the real economy will not be weakened.

  Kong Dechen