Home » CITIC Group launched 29 measures to help finance and industry work together to stabilize the broader economy_Support_epidemic_Bond Financing

CITIC Group launched 29 measures to help finance and industry work together to stabilize the broader economy_Support_epidemic_Bond Financing

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Original title: CITIC Group launched 29 measures to help stabilize the economy through synergy between finance and industry

Shanghai Securities News China Securities News (Reporter Fei Tianyuan) A reporter from the Shanghai Securities News was informed that in order to further implement the requirements of the Party Central Committee on “preventing the epidemic, stabilizing the economy, and developing security”, the national teleconference on stabilizing the economy must be fully implemented. Spirit, CITIC Group has researched and formulated 29 measures from both financial and industrial aspects to actively help stabilize the economic market.

Resolutely implement the bailout policy to help enterprises and fully serve the real economy

It is reported that the comprehensive financial services sector of CITIC Group actively implements the bailout policy from three aspects: First, by making good use of various policy tools such as extension and optimizing credit policies, it supports market protection, employment protection and people’s livelihood. The second is to increase financial support for market players, including releasing more credit resources to support the real economy; in accordance with the principles of “reducing as much as possible” and “giving profits to entities”, increase fee reductions; actively create credit protection tools for private enterprises Bond financing provides credit enhancement support; makes full use of the trust platform to help enterprises improve the quality and efficiency of risk disposal; continues to provide insurance services during the epidemic prevention and control period; reasonably takes supporting measures such as extending leases, reducing leases and giving profits to deal with leases in financial leasing Difficulties and demands of people. The third is to take multiple measures to improve the quality and efficiency of comprehensive financial services for specific groups such as industries, enterprises, and groups of people affected by the epidemic, including increasing contact-type services such as accommodation, catering, wholesale and retail, as well as taxi drivers and online shop owners. and other flexible employment entities, and open up “green channels” for transportation and logistics enterprises that undertake heavy tasks of epidemic prevention and control and emergency transportation.

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While implementing the bailout policy for enterprises, CITIC Group focused on eight major areas, actively provided comprehensive financial services, and effectively promoted various measures to stabilize the economic market.

Regarding infrastructure, CITIC Group emphasizes increasing efforts to improve people’s livelihood, make up for shortcomings in the fields of water conservancy, transportation, pipeline network, municipal infrastructure, agricultural and rural infrastructure and other new infrastructure projects such as fifth-generation mobile communications (5G) and industrial Internet. Facility construction support. Aiming at the reasonable financing needs of real estate enterprises, we do not engage in “one size fits all”, and maintain stable and orderly distribution of real estate development loans. For small and micro enterprises, it proposes innovative risk assessment methods, improves the efficiency of loan approval, broadens the coverage of small and micro customers, and explores the formation of a batch, large-scale, standardized and intelligent small and micro financial service model.

In other fields, CITIC Group strengthens financial guarantees for key agricultural core technologies such as seed sources; takes multiple measures to support the security of energy supply; promotes rational consumption of housing and automobiles in a targeted manner; actively supports foreign trade enterprises to improve quality and efficiency; supports the Internet , the information industry and other platform economies develop healthily.

Adhere to stability while making progress and promote economic stability

CITIC Group is also actively fulfilling the responsibilities of a central enterprise in the industrial sectors of advanced intelligent manufacturing, advanced materials, new consumption and new urbanization, increasing efforts to stabilize jobs and promoting employment, reducing burdens and stabilizing jobs, and helping key groups to find employment; actively promote The economic cycle is driven by stabilizing the chain, supplementing the chain and strengthening the chain, and actively implementing the national requirements for ensuring supply and stabilizing prices; speeding up the resumption of work and production, focusing on opening up all links in the industrial chain and supply chain, and maximizing the recovery of epidemic losses; helping to stabilize the industrial ecology and actively participating in For the construction of major national projects, a number of major projects clearly defined in the “14th Five-Year Plan” will be implemented as soon as possible.

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At the same time, CITIC Group strengthens trend research and judgment, makes key business layouts, increases the intensity and depth of business expansion, and insists on making progress while maintaining stability, so as to help stabilize the economy and maintain growth.

Relevant measures include strengthening the connection between supply and demand and R&D investment, and using high-quality seed industry to help ensure the supply of agricultural products; complying with the policy direction, promoting the stability of energy supply, and accelerating the business layout in the field of new energy; insisting on both domestic and foreign development, and giving full play to the characteristics of “trade plus investment and operation”, Helping to ensure stable supply and price of bulk commodities; based on industry advantages, expand the production capacity of major equipment and lightweight automotive parts, and accelerate transformation and upgrading in the field of new materials; give full play to synergistic advantages, actively and steadily carry out engineering design, contracting and engineering of major infrastructure projects. For investment business, take multiple measures to promote innovation in investment and financing models; grasp industry trends and promote the development of new consumption areas.

The relevant person in charge of CITIC Group said that the company resolutely implements the decisions and deployments of the Party Central Committee and the State Council, further enhances the sense of urgency and mission, and pays close attention to the work of supporting and stabilizing the economy, and gives full play to its advantages to help stabilize investment, consumption, and stability. Foreign trade has actively contributed to CITIC’s efforts to stabilize the overall economic market and promote the stable and healthy development of the economy and society.Return to Sohu, see more

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