Ministry of Finance: financial discount for loans of key enterprises for epidemic prevention and control

category:Finance
 Ministry of Finance: financial discount for loans of key enterprises for epidemic prevention and control


In order to resolutely implement the spirit of the notice of the CPC Central Committee on strengthening the leadership of the party and providing strong political guarantee for winning the prevention and control of the epidemic, give play to the role of financial funds to guide and leverage, and support the financial sector to better serve the prevention and control of the new coronavirus infected pneumonia (hereinafter referred to as epidemic prevention and control), the notice is as follows:

1u3001 We will provide financial discount interest support for loans to key enterprises for epidemic prevention and control. For the new epidemic prevention and control key guarantee enterprise loans in 2020, on the basis of special refinancing of the peoples Bank of China to support financial institutions to provide preferential interest rate credit, the central finance will give discount interest at 50% of the refinancing interest rate of the peoples Bank of China for a period of no more than one year, and the discount interest funds will be arranged from the special funds for general financial development.

uff081uff09 The key guarantee enterprises for epidemic prevention and control determined by the development and Reform Commission, the Ministry of industry and information technology and other departments can directly apply to the Ministry of finance by virtue of the newly effective loan contract within the epidemic prevention and control period after January 1, 2020, and local enterprises apply to the local financial department for discount interest support. For other health and epidemic prevention, medical products and medical equipment enterprises that play an important role in supporting epidemic prevention and control, they can apply for discount interest support together after being reviewed and confirmed by the provincial financial department.

uff082uff09 The provincial financial departments shall compile the application form for discount interest funds of the region (see Annex) and submit it to the Ministry of finance before May 31, 2020. After examination and verification by the Ministry of finance, the interest subsidy funds shall be allocated to the provincial financial department, which shall directly allocate them to the relevant borrowing enterprises. After May 31, it will be decided whether to accept the application for discount fund according to the situation.

uff083uff09 Loan enterprises enjoying discount interest support shall use the loan exclusively for production and operation activities related to epidemic prevention and control, ensure stable and orderly supply of important medical and living materials related to epidemic prevention and control, shall not use the loan funds for investment, financial management or other arbitrage activities, and shall not bid up prices or interfere with market order.

2u3001 We will increase support to individuals and enterprises affected by the epidemic for discount interest on business start-up guaranteed loans. If the borrower suffers from pneumonia caused by new coronavirus, he / she may apply to the loan bank for extension of repayment. In principle, the extension period shall not exceed 1 year. The financial department shall continue to provide discount support. It is not applicable to the special fund management measures for inclusive financial development (CJ [2019] No. 96) on for extended and overdue enterprise guarantee loans, the Ministry of Finance shall No discount for door . For individuals and small and micro enterprises that have temporarily lost their sources of income due to the epidemic, local financial departments at all levels, together with relevant parties, shall give priority to support when they apply for entrepreneurial guarantee loans.

3u3001 Optimize financing guarantee services for enterprises affected by the epidemic. Financial institutions are encouraged to provide credit loan support to key guarantee enterprises and small and micro enterprises greatly affected by the epidemic. Government financing guarantee and re guarantee institutions at all levels should improve business processing efficiency, cancel counter guarantee requirements, reduce guarantee and re guarantee rates, help enterprises to connect with financial institutions, and strive to make loans as soon as possible, without drawing loans, without pressure, and constantly. For the government financing guarantee and re guarantee institutions in the areas seriously affected by the epidemic situation, the state financing guarantee fund shall reduce by half the re guarantee fee. For small and micro enterprises without repayment ability, the government financing guarantee institutions at all levels that provide financing guarantee services for them shall timely perform the obligation of compensation, and appropriately extend the time limit for recovery according to the impact of the epidemic situation. If the conditions for cancellation are met, the compensation losses shall be written off according to the provisions.

4u3001 Strengthen the supervision and management of fund use performance. Financial departments at all levels shall promptly disclose the situation of key epidemic prevention and control enterprises receiving discount support, and urge relevant loan banks to strengthen post loan management to ensure that discount loan funds are used exclusively. Epidemic prevention and control focuses on ensuring that the management of discount funds for enterprises implements the measures for the management of special funds for inclusive financial development. Local regulatory authorities of the Ministry of finance should strengthen the supervision of the use of discount funds, strengthen the tracking and efficiency, and effectively improve the use efficiency of financial funds. For enterprises that do not use loans according to the prescribed purposes, once found, they shall recover the interest subsidy funds from the central government. 5u3001 We will conscientiously implement the policies. Local financial departments at all levels should enhance four awareness, achieve two maintenance, take winning the battle of epidemic prevention and control as a major political task at present, strengthen policy publicity, organization, coordination, supervision and management together with relevant parties, find out major situations in the implementation of the policy, report to the Ministry of Finance in a timely manner, and ensure that the policy really benefits the key enterprises of epidemic prevention and control And the people, enterprises and areas affected by the epidemic. Ministry of finance, February 1, 2020 source: responsible editor of the Ministry of finance of the peoples Republic of China: Chen Hequn u301d nb12679

4u3001 Strengthen the supervision and management of fund use performance. Financial departments at all levels shall promptly disclose the situation of key epidemic prevention and control enterprises receiving discount support, and urge relevant loan banks to strengthen post loan management to ensure that discount loan funds are used exclusively. Epidemic prevention and control focuses on ensuring that the management of discount funds for enterprises implements the measures for the management of special funds for inclusive financial development. Local regulatory authorities of the Ministry of finance should strengthen the supervision of the use of discount funds, strengthen the tracking and efficiency, and effectively improve the use efficiency of financial funds. For enterprises that do not use loans according to the prescribed purposes, once found, they shall recover the interest subsidy funds from the central government.

5u3001 We will conscientiously implement the policies. Local financial departments at all levels should enhance four awareness, achieve two maintenance, take winning the battle of epidemic prevention and control as a major political task at present, strengthen policy publicity, organization, coordination, supervision and management together with relevant parties, find out major situations in the implementation of the policy, report to the Ministry of Finance in a timely manner, and ensure that the policy really benefits the key enterprises of epidemic prevention and control And the people, enterprises and areas affected by the epidemic.

Treasury Department

February 1, 2020