Banks fight against the epidemic: Launch targeted interest rate concessions and special credit

category:Finance
 Banks fight against the epidemic: Launch targeted interest rate concessions and special credit


In addition to preferential interest rates, the banking industry has increased targeted credit support for epidemic prevention enterprises. Industrial and Commercial Bank of China said that the interest rate of small and micro enterprises, individual industrial and commercial households operating loans and pharmacies handling medical insurance loans in Hubei area will be further preferential on the basis of the current low level of the market. Industrial Bank said it would continue to increase financial support to medical enterprises, especially to increase credit to medical chain community convenience service enterprises, so as to ensure the supply of medical materials.

Lou Feipeng, a researcher at the Strategic Development Department of postal savings bank, said that after the outbreak, small and medium-sized enterprises themselves had weak anti risk ability and were greatly affected. The banks lowering of loan interest rate helps to reduce the financing cost of SMEs, reduce interest expenditure, stabilize the cash flow of SMEs, and enable enterprises to have funds for resumption of work.

Wang Lijuan, deputy researcher of Research Department of China Banking Association, said that the service industry accounts for a large proportion in Chinas economy. Affected by the epidemic, catering, retail, tourism, transportation and other industries have been greatly affected, especially some small and medium-sized micro enterprises in these industries.

How to increase the support of small and medium-sized enterprises has become the key. Wen bin, chief researcher of China Minsheng Bank, pointed out that due to the impact of the epidemic, the credit demand in medical, health, health, household necessities and other fields closely related to the prevention and control of the epidemic is more urgent, and affected by the delayed commencement, some private, small and micro enterprises are facing difficulties in operation and need credit support. Therefore, financial institutions should be encouraged to increase credit investment according to the development trend of pneumonia and the needs of economic growth. In terms of supervision, Lou Feipeng suggested that in terms of Finance and taxation, the regulatory authorities could do more work, such as tax deferment or even reduction; in terms of monetary policy, they could tilt the epidemic area through refinancing, rediscount and so on. In addition, we should improve the tolerance of non-performing rate of small and medium-sized enterprises in severe epidemic areas, and provide regulatory policy support for the banking industry to actively support small and medium-sized enterprises. Source: Beijing business daily editor in charge: Zhang Meiyu nf2100

How to increase the support of small and medium-sized enterprises has become the key. Wen bin, chief researcher of China Minsheng Bank, pointed out that due to the impact of the epidemic, the credit demand in medical, health, health, household necessities and other fields closely related to the prevention and control of the epidemic is more urgent, and affected by the delayed commencement, some private, small and micro enterprises are facing difficulties in operation and need credit support. Therefore, financial institutions should be encouraged to increase credit investment according to the development trend of pneumonia and the needs of economic growth.

In terms of supervision, Lou Feipeng suggested that in terms of Finance and taxation, the regulatory authorities could do more work, such as tax deferment or even reduction; in terms of monetary policy, they could tilt the epidemic area through refinancing, rediscount and so on. In addition, we should improve the tolerance of non-performing rate of small and medium-sized enterprises in severe epidemic areas, and provide regulatory policy support for the banking industry to actively support small and medium-sized enterprises.