Solve The Financing Difficulties: The CIRC Deployed Small And Micro Financing Measures

Recently, the standing meeting of the State Council has determined measures to further reduce the cost of financing for small and micro enterprises, and increase financial support for the real economy.

The 5 large state-owned commercial banks in the establishment of diplomatic relations between peasants and workers should take the lead to ensure that the loan balance of small and micro businesses increased by more than 30% this year, and the cost of comprehensive financing of small and micro enterprises decreased by 1 percentage points on the basis of last year.

In this regard, the CIRC carried out special deployment of large banks.

In terms of credit delivery, large banks are required to make separate credit plans for small and micro enterprises with universal benefits, so as to ensure that the target of annual growth of more than 30% is achieved.

In order to reduce the financing cost, the first is to fully reflect the dividends generated from preferential policies to the loan interest rate pricing and internal performance appraisal of small and micro enterprises, reasonably determine the loan interest rates of small and micro enterprises; two, to reduce the fees and make profits voluntarily; the three is to make full use of advanced technologies such as big data, to increase the time limit in the credit approval and loan links, to reduce the intermediate expenses of small and micro enterprises; four, to increase the proportion of credit loans reasonably, and to reduce the burden of enterprise guarantee fees and collateral assessment fees; five, to innovate credit products, to increase support for continued loans, and to effectively reduce the capital turnover cost of small and micro enterprises.

According to the data of the Banking Regulatory Commission, at the end of the first quarter of 2019, the balance of loans of 5 large banks and Pratt & Whitney type small and micro enterprises was 1 trillion and 990 billion yuan, accounting for 19.94% of the total loans of the national small and micro enterprises, and 55.31% of the credit plan was completed at the beginning of the year.

5 state-owned large commercial banks in the first quarter, the newly released Pratt & Whitney small and micro enterprises loan interest rate was 4.76%, down 0.13 percentage points from the fourth quarter of last year.