Chinese peopleBankNews, the Chinese people on September 23BankConvene a video conference to promote the reform of the convenient operation method of standing borrowing, and implement the 300 billion yuan re-lending policy for small businesses.
Meeting requirements, peopleBankAll branches must attach great importance to the promotion of the reform of the convenient operation method of standing lending, and the good management and use of the 300 billion yuan new small reloan line as an important task at present, and carefully organize and implement it.
The meeting pointed out that standing borrowing facilitiesinterest rateYescurrencymarketinterest rateThe upper limit of the corridor promotes the reform of the convenient operation method of standing borrowing and the orderly realization of the whole process of electronicization, which is conducive to improving operation efficiency, stabilizing market expectations, enhancing the stability of the banking system’s liquidity, and maintaining the smooth operation of money market interest rates.The People’s Bank of China’s arrangement of 300 billion small reloans is an important measure to implement the deployment of the executive meeting of the State Council and further increase support for small and micro enterprises. It is conducive to ensuring the normal production and operation of small and micro enterprises and enhancingCreditStability of aggregate growth.
The meeting requested that all branches of the People’s Bank of China should attach great importance to the promotion of the reform of the convenient operation method of standing lending, and make good use of the new 300 billion small re-loan line as an important task at present, with careful organization and implementation. It is necessary to actively and steadily promote the reform of the convenient operation method of standing lending, optimize the operation process, improve the operation efficiency, and timely meet the reasonable liquidity needs of local corporate financial institutions in accordance with regulations, and effectively prevent liquidity risks. It is necessary to give full play to the positive role of the new 300 billion small reloan line, deploy as soon as possible, strictly review, and accurately release, guide local legal financial institutions to actively meet the financing needs of small and micro enterprises, accelerate the progress of loan placement, and better serve entities economy.
(Source: China Securities Journal)
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