What do enterprises need under the epidemic situation? What can finance do?

category:Finance
 What do enterprises need under the epidemic situation? What can finance do?


In fact, from the beginning of the epidemic, Chinese governments at all levels have been concerned about the impact of the epidemic on enterprises. On February 6, Beijing also released several measures to deal with the impact of the new coronavirus infected pneumonia epidemic on promoting the sustainable and healthy development of small and medium-sized micro enterprises. The main focus is to reduce the burden of small and medium-sized enterprises, enhance financial support and other policies.

A person from a local financial department told reporters that they understand that the fiscal and tax policies for the epidemic are still under study, and the policies they issued at this time to support the development of enterprises are mainly to boost confidence and reduce the burden on enterprises affected by the epidemic. In fact, the support of local governments to local enterprises is very strong. Some local governments are even too strong, and the short-term implementation is OK. They are worried about whether the long-term implementation can be realized.

This is a long time, not a long time. Some policies may be implemented for more than three months, and the financial situation will be very tense. Said the local finance people.

At this time, although Lao Jins business was also affected, his biggest expectation for the government was to control the epidemic and return the social economy to normal.

Upset

Lao Jin originally wanted to take advantage of the opportunity of Chinese new year to travel abroad, but now he can only give up. More importantly, the companys plan for 2020 will also be adjusted.

I will basically ask the middle level of the company about the situation of Hubei employees in two days or so, and the middle level should keep an eye on the position of employees. The managers of each department should pay more attention to the itinerary of their office staff. Fortunately, Lao Jins employees are safe at the moment.

But many of the companys employees have experienced SARS. There will be panic and need to be adjusted. Some of them are young employees, and they should be reminded of the seriousness. Im afraid that young people dont pay attention to protecting themselves, going out to parties and drinking. Lao Jin told reporters. Across the phone, reporters can feel Lao Jins seriousness. He is much more serious than usual.

Before the outbreak, Lao Jin was very happy. Although the situation of PPP market is still changing, the companys payment collection in December 2019 and January 2020 is particularly good. Lao Jin felt that this was because at the end of the year, the central government asked local governments to clear up their arrears to private enterprises, so the payment situation in 2019 was better than that in previous years.

Lao Jin was happy for a few days. The epidemic broke out. According to the normal payment collection situation, there were tens of millions of payments every month. Now, there are at least two months of payment collection in 2020, which is terrible. Mr. Jin starts to consider the companys situation in 2020, especially in the first and second quarters.

Lao Jins judgment is that the first quarter will be greatly affected, even before May 1st, because epidemic control is the core work of local governments, and economic work may be second to none.

The business situation in 2019 is still relatively good, and layoffs are impossible. In the first two years, when the PPP market was so severe, there were no layoffs. The impact of the epidemic is short-term, and there will be work after the epidemic. The whole society is in a panic. Every company is doing a kind of social responsibility to maintain its own team. He now staggers the companys start-up schedule with the time stipulated by the government, so as not to catch up with the backflow tide, and the employees returning to the workplace should take the initiative to isolate for a week and reduce the cross.

When the reporter asked Lao Jin, many places have introduced a lot of support policies, what else does he need? Lao Jin felt that he didnt need the government to do anything. The government was under great pressure to fight the epidemic. He had a good life, but he made less money. He refers to the dimension of earning less for a whole year, rather than in recent months. In the months when the epidemic is spreading, there is definitely no money to earn. He hopes the government will control the epidemic and make the economy return to normal as soon as possible.

Lao Jins experience comes from SARS in 2003. His company was founded in 1996. At that time, the situation was the same as it is now. When SARS passed in May, employees went on business trips everywhere. The government also launched many PPP projects.

Therefore, Lao Jin is very confident in the company and Chinas economy after the outbreak.

Support

Although Lao Jins demand for government support is not so great, he feels that what is really facing difficulties at present is the enterprises that did not operate well and accumulated in the last year. The current situation is undoubtedly worse for them. These enterprises will be very sad or even die in the epidemic.

Fortunately, since the outbreak of the epidemic, Suzhou, Shanghai, Beijing and other places have introduced policies to support local enterprises to overcome difficulties.

One of the core is the financial and tax support. For example, among the 16 support policies published in Beijing, there are 10 financial policies in total, mainly including: suspending the collection of administrative fees, reducing the rent of small and medium-sized micro enterprises, subsidizing the R & D cost of small and micro enterprises, reducing the financing cost of enterprises, optimizing the financing guarantee service, implementing the policy of helping enterprises to stabilize their posts, and increasing the support of government procurement.

At the executive meeting of the State Council held on February 5, it was also proposed that, on the basis of various measures for epidemic prevention and control in the early stage, a number of fiscal, tax and financial policies supporting guaranteed supply should be launched.

So in the face of this epidemic, will we continue to introduce fiscal and tax support policies?

Jiang Zhen, a deputy researcher of the Institute of financial and economic strategy of the Academy of Social Sciences, told reporters that there is little room for tax reduction now, because the effect of large-scale tax reduction in 2019 is still continuing, and local governments at all levels are under great pressure. However, for the enterprises affected by the epidemic, it is still possible to give some targeted and emergency measures. There are three main aspects: tax, social security and the establishment of a rescue fund. Jiang Zhen further explained that different industries are affected by the epidemic differently, and large-scale inclusive tax reduction is not accurate. For tax reduction, we need to implement precise policies, aiming at industries, such as which industries and consumption can delay consumption, such as not consuming at the time of the epidemic, and then consuming after the epidemic, such as tourism. Some industries and consumption will occur during the epidemic period, such as film and television industry, transportation industry, which can carry out targeted tax reduction and subsidies. Wang Zecai, a researcher at the Chinese Academy of financial Sciences, told reporters that all levels of finance need to do a good job in the implementation, do a good job in the expenditure needs of receivables and governance, and give priority to the expenditure of health funds at all levels to support the epidemic. For medical and health enterprises to return to work and return to production, interest subsidy shall be given in terms of financial credit. Source: Economic Observer editor: Guo Chenqi, nbj9931

Jiang Zhen, a deputy researcher of the Institute of financial and economic strategy of the Academy of Social Sciences, told reporters that there is little room for tax reduction now, because the effect of large-scale tax reduction in 2019 is still continuing, and local governments at all levels are under great pressure. However, for the enterprises affected by the epidemic, it is still possible to give some targeted and emergency measures. There are three main aspects: tax, social security and the establishment of a rescue fund.

Jiang Zhen further explained that different industries are affected by the epidemic differently, and large-scale inclusive tax reduction is not accurate. For tax reduction, we need to implement precise policies, aiming at industries, such as which industries and consumption can delay consumption, such as not consuming at the time of the epidemic, and then consuming after the epidemic, such as tourism. Some industries and consumption will occur during the epidemic period, such as film and television industry, transportation industry, which can carry out targeted tax reduction and subsidies.

Wang Zecai, a researcher at the Chinese Academy of financial Sciences, told reporters that all levels of finance need to do a good job in the implementation, do a good job in the expenditure needs of receivables and governance, and give priority to the expenditure of health funds at all levels to support the epidemic. For medical and health enterprises to return to work and return to production, interest subsidy shall be given in terms of financial credit.