A prudent monetary policy is more flexible and moderate.
Liu Guoqiang, deputy governor of the People's Bank of China, said that in the next step, a prudent monetary policy should be more flexible and appropriate, and support for the recovery and development of the real economy should be placed in a more prominent position. By stabilizing expectations, expanding the total amount, grasping by classification, continuing the cycle, making tools, and grasping implementation, we will provide strong monetary policy support to fight the epidemic and support the real economy, minimize the impact of the epidemic on the economy, and strive to achieve the annual economic and social development goals.
Specifically, the first is to make good use of the existing support policies. We will continue to make good use of the special refinancing policy and tilt towards small and medium-sized banks. Comprehensive use of monetary policy tools, such as open market operation, standing loan facility and medium-term loan facility, to implement the dynamic evaluation of inclusive finance targeted cuts to required reserve ratios in 20 19 and release long-term liquidity. Continue to promote LPR reform and guide the overall market interest rate and loan interest rate down.
The second is to introduce new policies and measures in a timely manner, and strive to support enterprises to resume work and production. Increase the amount of refinancing and rediscounting, and guide various banks to issue preferential interest rate loans to small and medium-sized enterprises for returning to production. Guide financial institutions to increase credit support for small and micro enterprises, encourage banks to replenish capital in various ways, and explore innovative tools for banks to replenish capital.
In the next stage, according to the needs of bank loan growth, we should increase policy support for small and medium-sized banks to replenish capital, enhance the overall credit capacity of banks, and further promote the development of the real economy.
Liu Guoqiang said that after the implementation of LPR, the interest rate declined obviously. At present, there is still room for downside. In the next stage, we should continue to improve the system and mechanism by means of reform and tap the downside of market interest rates.
Resolutely guard against moral hazard
Xiao, chief risk officer, chief office director and spokesperson of the CBRC, said that the CBRC supported banking institutions to extend and renew loans due from1October 25th to June 30th. For a few enterprises that are seriously affected by the epidemic, have a long recovery period, and have special industries and enterprises, the repayment of principal and interest of loans due may be appropriately extended. All enterprises in Hubei enjoy a temporary extension of debt service. At the same time, banking institutions are encouraged to give more preferential treatment to enterprises affected by the epidemic in Hubei Province in terms of financing costs, which can be equipped with special credit scale and the assessment is appropriately inclined.
"Preventing risks is the bottom line of supervision. The temporary arrangements currently adopted are not to relax regulatory standards, but to prevent risks. " Xiao stressed that when providing financial services to enterprises affected by the epidemic, banks should follow the original risk management and control standards and corresponding regulatory requirements, resolutely guard against "hitchhiking" and prevent moral hazard from enterprises that operated abnormally before the epidemic.
Xiao said that for enterprises affected by the epidemic and whose principal and interest are postponed, banks will not make adjustments in customer classification and loan classification, and their credit records will remain unchanged. If after the epidemic, after a period of normal operation, these enterprises can not repay the principal and interest normally, and the bad ones should be included in the bad ones.
The recovery rate of small and medium-sized enterprises after returning to work exceeds 30%
Zhang Kejian, Vice Minister of the Ministry of Industry and Information Technology, said at the meeting that a series of recent policies and measures have played an important role in alleviating the difficulties of small and medium-sized enterprises. Monitoring shows that the recovery rate of small and medium-sized enterprises has steadily increased, and it has now exceeded 30%.
Zhang Kejian said that in the next step, the Ministry of Industry and Information Technology will give full play to the role of coordinating mechanisms at all levels to promote the development of small and medium-sized enterprises, intensify the implementation of policies, promote the resumption of work and production at all levels, coordinate and solve the difficulties and problems encountered by small and medium-sized enterprises in resuming work and production, and help them tide over the difficulties and develop steadily.
In terms of facilitating individual industrial and commercial households to enter the market, Tang Jun, deputy director of the State Administration of Market Supervision, said that it is necessary to facilitate registration, make full use of electronic means in the whole process to provide registration services for individual industrial and commercial households, and extend the annual report time of individual industrial and commercial households from the end of June to the end of this year. Local governments at all levels should establish and improve the negative list management system of business premises as soon as possible.