“China Banking Association” WeChat official account news, on June 6, the China Banking Association released the “Proposal for Actively Strengthening Financial Services to Comprehensively Help Stabilize the Economy”. Among them, it is proposed that credit issuance should be given priority. Member units should promptly meet the reasonable and effective credit needs of enterprises in industries temporarily in distress due to the epidemic, further promote bank-guarantee cooperation and bank-insurance cooperation, strengthen cooperation with government financing guarantee institutions, and strive to achieve accommodation, catering, retail, culture, and tourism. The credit balance of industries seriously affected by the epidemic, such as transportation and transportation, continued to grow steadily. At the same time, member units should actively implement the policy requirements of “stabilizing foreign trade”, strengthen cross-border settlement, financing, value preservation and hedging and other full-process services for foreign trade customers, and continue to increase support for stabilizing foreign trade financing.
The “Proposal” mentioned that the implementation of special resource tilt. Member units can increase the priority and guarantee implementation of credit resources in areas and industries severely affected by the epidemic by arranging special credit lines, adjusting performance assessment, reasonably delegating approval authority, and implementing preferential internal fund transfer pricing.
In addition, the “Proposal” also mentioned that the loan interest rate should be pushed down. On the basis of continuing to implement the existing measures to reduce fees and give profits, member units should obtain low-cost financial support in a timely manner through the use of various monetary policy tools and local bail-out policies, strengthen debt cost management, and further reduce costs under the principle of commercial sustainability. Business loan interest rates.
China Banking Associationabout
Proposal to actively strengthen financial services to help stabilize the economy
Each member unit:
In order to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, fully implement the work arrangements of the China Banking and Insurance Regulatory Commission, and in accordance with the requirements of “prevention of the epidemic, stabilization of the economy, and safety of development”, guide member units to further strengthen the supervision of enterprises and enterprises in industries temporarily trapped by the epidemic. Financial support from relevant groups, to ensure the implementation of relevant financial relief policies and to better stabilize the economic market, the China Banking Association issued the following proposals:
1. Improve political standing and enhance awareness of the overall situation
(1) Effectively improve the political standing.Member units should improve their political position, quickly unify their thoughts and actions into the decision-making arrangements of the Party Central Committee and the State Council and the work requirements of the China Banking and Insurance Regulatory Commission, and make efforts to ensure that various rescue and stable growth policies are implemented and effective as soon as possible. .
(2) Adhere to the original aspiration of finance.Member units should adhere to the inclusiveness and people-oriented nature of financial services, effectively enhance their sense of social responsibility, do their best to coordinate epidemic prevention and control and economic and social development, and help consolidate the foundation for stable economic operation and quality improvement.
2. Increase credit support and stabilize market players
(1) Advance credit issuance.Member units should promptly meet the reasonable and effective credit needs of enterprises in industries temporarily in distress due to the epidemic, further promote bank-guarantee cooperation and bank-insurance cooperation, strengthen cooperation with government financing guarantee institutions, and strive to achieve accommodation, catering, retail, culture, and tourism. The credit balance of industries seriously affected by the epidemic, such as transportation and transportation, continued to grow steadily. At the same time, member units should actively implement the policy requirements of “stabilizing foreign trade”, strengthen cross-border settlement, financing, value preservation and hedging and other full-process services for foreign trade customers, and continue to increase support for stabilizing foreign trade financing.
(2) Implement special resource tilt.Member units can increase the priority and guarantee implementation of credit resources in areas and industries severely affected by the epidemic by arranging special credit lines, adjusting performance assessment, reasonably delegating approval authority, and implementing preferential internal fund transfer pricing.
(3) Focus on supporting key areas.Member units make good use of structural monetary policy tools such as inclusive small and micro loans, support for agriculture and small businesses, transportation and logistics, and technological innovation, and increase support for small and micro enterprises, individual industrial and commercial households, transportation and logistics, food and energy security, technology Financial support in key areas such as innovation, industrial chain and supply chain. At the same time, member units should actively serve the “dual carbon” work goal, promote green finance from a strategic height, continue to increase support for green, low-carbon and circular economy, and promote the green transformation of economic and social development.
3. Continue to reduce fees and profits to reduce financing costs
(1) Push down loan interest rates.On the basis of continuing to implement the existing measures to reduce fees and give profits, member units should obtain low-cost financial support in a timely manner through the use of various monetary policy tools and local bail-out policies, strengthen debt cost management, and further reduce costs under the principle of commercial sustainability. Business loan interest rates.
(2) Appropriately reduce or exempt service charges.Member units should strictly implement various financial service charge management policies, encourage phased implementation of more favorable service charges, and appropriately increase the preferential reductions and exemptions for financial service charges for companies in industries temporarily trapped by the epidemic and related groups.
(3) Excavate the space for reducing fees and making profits.Member units should continue to improve service technology, models and business processes, further explore the space for reducing fees and making profits, reduce comprehensive service costs, and help enterprises overcome difficulties together.
4. Actively meet the needs and do a good job in financing
(1) Identify the key targets of assistance.Member units should clarify the objects of assistance and support, strengthen the tracking and analysis of the financing needs of enterprises and related groups in industries temporarily in distress due to the epidemic, and take the initiative to carry out continuous financing credit reviews in accordance with the principles of marketization. Actively provide loan renewal support, and avoid industry-specific and group-based loan restrictions, loan withdrawals, and loan terminations.
(2) Implement deferred repayment of principal and interest.Member units should independently negotiate with micro, small and medium-sized enterprises (including small and medium-sized business owners), individual industrial and commercial households, truck drivers, etc. in accordance with the principle of marketization, implement deferred repayment of principal and interest on their loans, and strive to delay as long as possible.
(3) Improve personal loan repayment arrangements.For those who are hospitalized or quarantined due to infection with COVID-19, quarantined and observed due to the epidemic, or who have lost their source of income, member units shall flexibly adopt reasonable delays in repayment time, extension of loan period, and deferral of repayment for their existing personal housing, consumption and other loans. Adjust the repayment plan in this way.
V. Develop digital finance and improve service efficiency
(1) Guarantee the continuity of financial services.For outlets affected by the epidemic that suspend business or adjust business hours, member units should provide alternative financial services in a timely manner and make announcements to remind customers to encourage customers to give priority to online channels such as mobile banking, online banking, telephone banking and other online channels. Adverse effects of financial services.
(2) Improve the timeliness of business processing.Member units should strengthen technological empowerment to improve the timeliness of business processing, actively develop digital finance, and improve the speed of financial demand response, approval, and processing. In areas where the epidemic is concentrated, the content of “contactless” financial services can be enriched, and business processes and application materials can be simplified in stages according to the actual situation. If the loan investigation and review cannot be carried out due to objective reasons, under the premise of ensuring that the risks are controllable, explore and take measures “Tolerance for deficiencies, and to make up after the fact”, etc., to achieve fast approval and fast loan.
(3) Continuously innovate service models.Member units should dig deep and effectively use their own and external enterprise-related credit information data, give full play to the role of the basic database of financial credit information, continue to innovate credit service models, and expand the breadth and depth of digital financial services.
6. Strengthen credit management and proactively manage and control risks
(1) Differential treatment of enterprise-related risks.Member units should, on the basis of balancing the increase in credit supply, optimizing the credit structure and preventing and controlling credit risks, scientifically grasp the implementation requirements of credit policies, comprehensively study and judge the difficult problems encountered in the operation of enterprises, and implement classified policies, and do not engage in “one size fits all”. Adhere to substantive risk judgment, not downgrade loan risk classification due to epidemic factors alone, without affecting credit records, and exempt from penalty interest.
(2) Manage the use of loan funds.Member units should do a good job in pre-loan investigation, review during loan, and post-loan inspection, strengthen business training and policy presentations for credit practitioners, do a good job in borrower qualification review, strengthen fund use review and flow management, and do a solid job in the management of loan funds. Use monitoring to prevent illegal misappropriation of loans from entering prohibited areas.
(3) Strengthening risk early warning and handling.Member units should make forward-looking risk early warning and resolution plans, pay close attention to changes in production and operation of enterprises in industries temporarily trapped by the epidemic, pay attention to changes in the first source of repayment, and strengthen asset quality monitoring. On the basis of fully accruing provisions, member units with a relatively high level of provision can reduce the provision rate in an orderly manner in combination with the disposal of non-performing loans, digest existing risks, or use methods such as write-off and reorganization, asset securitization, batch transfer, etc. Increase the disposal of non-performing loans and free up more credit resources to support and stabilize the economic market.
7. Strengthen publicity and guidance and do a good job in promoting experience
(1) Strengthen the publicity of bailout policies.Member units should actively publicize and introduce the measures taken to help stabilize growth and the financial products and services launched through mobile banking, WeChat banking, business outlets and other channels, so as to effectively increase the awareness of financial policies that benefit enterprises.
(2) Strengthen the replication and promotion of experience.Member units should promptly sort out their work results in supporting industries and enterprises in temporarily distressed industries due to the epidemic, and actively report to the China Banking Association typical results, advanced deeds and good experience of serving entities, safeguarding people’s livelihood, and bail-out for enterprises, etc., to drive the industry as a whole. The work of stabilizing the market and stabilizing confidence achieved an overall jump.
(3) Strengthening financial knowledge propaganda and education.Member units should take the initiative to publicize and explain financial knowledge to enterprises, especially enterprises in difficult industries and groups in distress, through multiple channels and methods, improve the awareness of honest operation and risk prevention, and create a good financial development environment.
The China Banking Association will play an active role and take the initiative to help stabilize the economy in an all-round way. First, continue to deepen the reduction of fees and profits. According to the work deployment, actively reduce the burden of member units and support member units to better serve the real economy. The second is to give full play to the role of bridges. Further strengthen communication and exchanges with member units, increase information sharing and exchange, refine special measures for financial services around key areas and weak links of financial services, and actively build a long-term mechanism for financial assistance to help enterprises. The third is to vigorously strengthen the propaganda of advanced models. Through the official website, official account and “China Banking Industry” magazine, we will track and report the good practices and typical cases of member units in bailout and stable growth in a timely manner, and tell the story of member units’ bailout and stable growth.
As a self-regulatory organization in the banking industry, the China Banking Association will continue to lead member units to actively strengthen financial services, comprehensively help stabilize the economy, and take practical actions to welcome the victory of the 20th National Congress of the Communist Party of China!
China Banking Association
June 6, 2022