Some time ago, Shanghai Banking Insurance Supervision Branch issued a notice to support the development of enterprises by encouraging banks to reduce interest rates and strengthen the role of insurance protection. What is the current progress of these two tasks? The epidemic has also had a great impact on foreign trade enterprises. What measures are there to support foreign trade enterprises to resume production? Li Hu said that since the outbreak of the COVID-19 epidemic, the Shanghai Banking Insurance Regulatory Bureau has earnestly implemented the requirements of the relevant documents of the China Banking Regulatory Commission and the Shanghai Municipal Party Committee and Municipal Government, guided the Shanghai banking insurance industry to actively participate in epidemic prevention and control, and provided high-quality financial services for enterprises to fully resume work and production. In encouraging banks to reduce interest rates, Shanghai Banking Insurance Regulatory Bureau encourages banking institutions in Shanghai to formulate relevant rules to reduce interest rates for enterprises and individuals greatly affected by the epidemic in a certain period of time and reduce their capital cost burden. By the end of March of 15, the amount of discount granted by Shanghai banking institutions to enterprises with serious epidemic situation was177.64 million yuan, involving 1808 enterprises; The amount of delayed repayment for individuals seriously affected by the epidemic was 52.85 billion yuan, involving 2.7 million people. In terms of innovative insurance product supply, Shanghai Banking Insurance Supervision Branch instructed insurance institutions in Shanghai to provide risk protection for enterprises to resume production and work by expanding insurance liability, strengthening biomedical insurance protection and expanding biomedical industry insurance pilots. As of March 15, 36 property insurance companies in Shanghai expanded their product liability, involving 25.08 million policies, and corporate customers affected by the epidemic paid a total of 27 1, with a compensation amount of 86 1.95 million yuan. 52 life insurance institutions sold 756 COVID-19 insurance products, with a sales volume of 7310.6 million, and accumulated premiums of 497 million yuan. 12 life insurance institutions made claims for customers in COVID-19, paying 52 people, with a total amount of 1 1.49 million yuan. Recently, together with the Shanghai Economic and Information Committee, the Municipal Finance Bureau, the Municipal Financial Work Bureau and other departments, a comprehensive protection plan for Shanghai's resumption of work and epidemic prevention was formulated to guide Taibao Property Insurance Shanghai Branch to launch special insurance products, focusing on providing protection for migrant workers facing the risk of COVID-19 infection in the four industries of construction, family service, hairdressing and beauty, catering and cooking, and solving the worries of migrant workers returning to Shanghai. For foreign trade enterprises that are greatly affected by the epidemic, we have also taken a series of measures to support them to tide over the difficulties. On the one hand, we have instructed relevant banking institutions to formulate special plans, provide special credit scale, focus on meeting the financing needs of core enterprises, and promote the rescue of upstream and downstream SMEs. At the same time, optimize the letter of credit business services, covering the whole process of enterprise document preparation, settlement and trade financing, and improve the efficiency of business handling. On the other hand, we will support China Xinbao Shanghai Branch, commercial banks and the municipal policy financing guarantee fund to strengthen policy financing cooperation, play the role of risk sharing and credit enhancement to promote trade financing, and expand the scope of key support from enterprises with annual export below $5 million to enterprises with annual export below $30 million (inclusive).