Summary
[China Banking and Insurance Regulatory Commission: Improve the efficiency of financing guarantees and expand the coverage of government financing guarantee business]The General Office of the China Banking and Insurance Regulatory Commission issued a notice on further improving financial services for enterprises in difficult industries affected by the epidemic. Among them, it is mentioned that the efficiency of financing guarantee will be improved. Expand the coverage of government financing guarantee business, and encourage government financing guarantee institutions to provide financing guarantee support for small, medium and micro enterprises and individual industrial and commercial households in difficult industries such as accommodation, catering, retail, culture, tourism, transportation, etc. (Financial Association)
The General Office of the China Banking and Insurance Regulatory Commission issued a notice on further improving financial services for enterprises in difficult industries affected by the epidemic. Among them, it is mentioned that the efficiency of financing guarantee will be improved. Expand the coverage of government financing guarantee business, and encourage government financing guarantee institutions to provide financing guarantee support for qualified small, medium and micro enterprises and individual industrial and commercial households in difficult industries such as accommodation, catering, retail, culture, tourism, transportation, etc. To meet the obligations of repayment, financial institutions will lend as soon as possible, and do not blindly reduce credit or withdraw loans.make good use of agriculturecreditGuarantee role, strengthen the market-based sharing and compensation of agriculture-related credit risks.Encourage provincial re-guarantee institutions to take the initiative to connect with national financing guaranteesfundto expand the coverage of re-guarantee business.
(Article source: Financial Associated Press)