Shanghai Banking and Insurance Regulatory Bureau: Coordinate the work of epidemic prevention and control and financial services to fully promote the implementation of various financial policies – Xinhua English.news.cn

At the press conference on the epidemic prevention and control work in Shanghai held this morning (May 8), Cao Guangqun, member of the Party Committee and Deputy Director of the Shanghai Banking and Insurance Regulatory Bureau, introduced the implementation of various financial policies.

In order to go all out to support the prevention and control of the epidemic and the resumption of work and production, the Shanghai Banking and Insurance Regulatory Bureau issued the “Notice on Adhering to the People First and Doing a Good Job in Financial Support for Anti-epidemic and Resumption of Work and Production”. The general principle is four sentences: “Special matters. To deal with urgent matters urgently, to renew all loans that should be made, and to make concessions if the reduction can be reduced, and if the guarantee is guaranteed, the compensation will be compensated.” “. Since the end of March this year, a team of more than 40 people led by the main responsible comrades of the Shanghai Banking and Insurance Regulatory Bureau has been stationed at the bureau 24 hours a day, dispatching and guiding Shanghai banking and insurance institutions to coordinate the work of epidemic prevention and control and financial services, and vigorously promote various financial services. Implement the policy.

First, in response to the demands of some enterprises and citizens to “increase loans” and “reduce costs”, it is required to make all the loans available. On the one hand, increase credit supply to meet the needs of funds for fighting the epidemic and resuming work and production. Banking institutions are required to refrain from taking out, continuing to lend, or suppressing loans for enterprises with promising development prospects and good reputation but temporarily stranded in liquidity. As of the end of the first quarter of this year, the balance of inclusive loans of major large and medium-sized Chinese banks in Shanghai exceeded 640 billion yuan, a year-on-year increase of 30%. On the other hand, it encourages the reduction of fees and profits and the reduction of comprehensive financing costs. For small and micro enterprises and people seriously affected by the epidemic, encourage the adoption of interest fee reductions and exemptions, insurance gifts, etc., so that financial institutions can effectively fulfill their social responsibilities. At present, the loan interest rate for inclusive small and micro enterprises in Shanghai is about 4.96%, which is one of the lowest in the country.

Second, in view of the current situation of “difficulty in repayment” and “difficulty in renewing loans” for some enterprises and citizens, it is required to renew the loan as long as possible. On the one hand, it vigorously promoted seamless loan renewals to stabilize corporate financing expectations. Banks are required to support seamless loan renewal for small, medium and micro enterprises in accordance with the principles of “zero threshold application, zero fee processing, and zero cycle loan renewal”. In the first quarter of this year, Shanghai Chinese-funded commercial banks provided a total of 199.2 billion yuan in seamless loan renewals through methods such as renewing loans without repayment and repayment on demand, of which loan renewals without principal repayment increased by 109% year-on-year. For example, a corporate bank in Shanghai cooperated with a guarantee company to complete the entire process of online signing, underwriting, and renewing the loan without repayment within one day, which solved the “urgent need” of the enterprise. On the other hand, the implementation of loan repayment actions to increase financial relief efforts. In the first quarter of this year, Shanghai Chinese-funded commercial banks implemented more than 8.1 billion yuan in deferred repayments for enterprises in difficulty, and provided deferred repayment services for more than 20,000 individual housing mortgage loans.

Third, in response to the market’s demands for “guaranteing supply” and “guaranteeing smooth flow”, it is required to open up a “green channel” for urgent matters. The Shanghai Banking and Insurance Regulatory Bureau requires banking and insurance institutions to provide financial services to freight logistics and truck drivers. As of the end of April this year, the credit balance of major Chinese-funded commercial banks to freight drivers and small and micro enterprises in freight and logistics was 28 billion yuan, an increase of 12.4% from the beginning of the year. For example, a bank in Shanghai launched a “commercial vehicle loan” product to provide financial support for long-distance logistics truck drivers, urban distribution operators and other groups to purchase commercial vehicles, and set up a special credit line of 10 billion in the first phase. At the same time, for people in positions such as truck drivers and couriers, Shanghai insurance institutions have developed accident insurance products to solve their worries.

Fourth, in response to the expectations of enterprises and citizens for “convenience” and “digitalization”, the special affairs office is required to provide online services. On the one hand, establish a coordination and monitoring mechanism for resumption of work and production relief. Banking and insurance institutions are required to make supporting the fight against the epidemic and the resumption of work and production as key tasks this year, implement a “top leader” responsibility system, and include it in the annual assessment. At the same time, the Shanghai Banking and Insurance Regulatory Bureau strengthened the tracking and supervision, made statistics on credit issuance, seamless loan renewal, fee reduction and profit reduction, and monitored the inflow and outflow of funds in more than 4 million corporate bank accounts to protect the safety of “money bags”. On the other hand, vigorously promote the development of digital finance. Through online banking, mobile banking, cloud counters, etc., the people’s livelihood issues such as wage payment during the epidemic have been properly resolved. In addition, the Shanghai Banking and Insurance Regulatory Bureau will guide the banking and insurance outlets to resume business in an orderly manner according to the epidemic prevention and control situation in Shanghai, so as to better meet the financial needs of enterprises and citizens.

Fifth, in response to the concerns of some enterprises and citizens that they have “less protection” and “difficulty in paying compensation”, if they require insurance, they will be compensated if they can be guaranteed. Encourage insurance institutions to develop and design inclusive insurance with wider responsibilities, lower prices, and more comprehensive coverage, and strengthen burden reduction and benefits for enterprises by reducing fees and giving profits, delaying premium payment time, and expanding responsibilities for new coronary pneumonia. Support Shanghai enterprises and people to tide over difficulties and play the role of insurance “stabilizer” and “shock absorber”.

During this round of the epidemic, Shanghai Insurance Company expanded its new crown liability on more than 2,700 insurance products, covering more than 5 million people insured, and the current epidemic-related insurance compensation amount has exceeded 34 million yuan. For example, it provides free exclusive insurance coverage for medical workers in Shanghai, with an insured amount exceeding 150 billion yuan.

(Reporter Zhang Qian Bai Tingjun Pang Qingshan)