The Notice pointed out that since the beginning of this year, the central bank has made great efforts to speed up the transfer of surplus profits to the central government. By mid-April, it had paid 600 billion yuan, mainly used for tax refund and transfer payments to local governments.
The "Notice" also pointed out that it is necessary to adhere to the positioning of "houses are used for living, not for speculation", and implement differentiated housing credit policies because of the city's policy, and reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within its jurisdiction to better meet the reasonable housing needs of buyers. Support trapped enterprises to resist the impact of the epidemic, and do not blindly limit, withdraw or cut off loans.
The circular pointed out that it is necessary to give full play to the dual functions of monetary policy in aggregate and structure, and increase financial support for industries, enterprises and people affected by the epidemic. The central bank will maintain a reasonable and sufficient liquidity, guide financial institutions to expand loans and make reasonable profits to the real economy.
In terms of financial support for trapped market entities such as small and micro enterprises, the Notice pointed out that it will play a good role in supporting small and micro loans. From 2022 1 October1to the end of June 2023, incentive funds will be given according to 1% of the increase in the balance of small and micro loans of local corporate financial institutions to encourage financial institutions to stabilize the stock of small and micro loans and expand the increase.
At the same time, the Pratt & Whitney enterprise credit loans Support Plan will be included in the management of small-scale re-loans to support agriculture. Since 2022, we will continue to use the 400 billion yuan refinancing quota originally used to support inclusive micro-credit loans, and further increase it when necessary to guide financial institutions to increase the proportion of credit loans and first-time borrowers.
In addition, financial institutions should promote active credit issuance and loan repayment models to better meet the needs of small and micro enterprises. It is necessary to refine the requirements of internal fund transfer pricing, bad tolerance, due diligence and exemption, performance appraisal, optimize the allocation of credit resources, strengthen the empowerment of financial technology, and accelerate the improvement of financial service capabilities of small and micro enterprises.
In accordance with the principle of marketization, we should actively support trapped enterprises to resist the impact of the epidemic by providing medium and long-term loans, lowering interest rates, extending or renewing loans, and we should not blindly limit, withdraw or cut off loans. It is necessary to actively connect the credit information of enterprises in different fields such as finance, government affairs, public utilities and commerce related to the credit information platform, alleviate the information asymmetry between banks and enterprises, and improve financing efficiency.
It is worth noting that the People's Bank of China has increased its liquidity this year. In order to support small and micro enterprises to retain tax rebates and speed up the landing, the People's Bank of China strives to speed up the transfer of surplus profits to the central government.
The data shows that as of mid-April, 600 billion yuan has been paid, mainly for tax refund and transfer payment to local governments, equivalent to 600 billion yuan of base currency, which is basically equivalent to the overall reduction of RRR by 0.25 percentage points.
On April 15, the People's Bank of China announced that the RRR would be lowered by 0.25 percentage point, and it will invest about 530 billion yuan in long-term funds. From the perspective of the whole year, the People's Bank of China will pay a surplus profit of more than 1 100 billion yuan, and make efforts in advance in the payment schedule, allocate it in time according to the needs of tax refund, and cooperate with other monetary policy operations to effectively maintain a reasonable and sufficient liquidity.
Since the beginning of this year, the People's Bank of China has guided the market interest rate to drop by 0. 1-0. 15 percentage point, driving the corporate loan interest rate to drop by 0.2 1 percentage point year-on-year to 4.4%, the lowest since statistics.
In addition, we will increase the support of structural monetary policy tools such as refinancing, make good use of small loans to support agriculture and two carbon reduction tools, accelerate the refinancing of 654.38+00 billion in the transportation and logistics field, 200 billion in scientific and technological innovation, and 40 billion in inclusive pension, which is expected to drive financial institutions to increase loans by 654.38+0 trillion yuan. Implementing differentiated housing credit policy based on city policy
Recently, affected by frequent epidemics, declining income of some residents, and blocked marketing activities of real estate construction, the sales of commercial housing have declined, and the amount of personal housing loans has also declined slightly.
The data shows that at the end of March, the balance of individual housing loans nationwide was 38.8 trillion yuan, up 8.9% year-on-year, and the year-on-year growth rate of the balance decreased by 2.3 percentage points compared with the end of last year.
The "Notice" pointed out that it is necessary to improve financial services in the housing sector, adhere to the positioning of "houses are used for living, not for speculation", focus on the goal of "stabilizing land prices, stabilizing housing prices and stabilizing expectations", and implement differentiated housing credit policies according to the city's policies, reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within its jurisdiction, better meet the reasonable housing needs of buyers, and promote the stable and healthy development of the local real estate market.
At the press conference of financial statistics in the first quarter of 2022, Zou Lan, director of the financial market department of the central bank, said that since March, due to the weakening market demand, banks in more than 0/00 cities across the country have independently lowered the mortgage interest rate according to market changes and their own business conditions, with an average range of 20 to 60 basis points.
In addition, some provincial market interest rate pricing self-discipline mechanisms also meet the regulatory requirements of local governments. According to the actual situation of each city, the lower limit of down payment ratio and interest rate are lowered within the scope of national policies. This is the differentiation and marketization adjustment made by the city government and banks according to the market situation and their own business strategies, which adapts to the characteristics of regional differences in the real estate market.
According to a survey conducted by the reporter of the National Business Daily, since the outbreak of the new crown pneumonia epidemic, the income of some residents has been affected in a short period of time, and there is a need to postpone the monthly payment and reschedule the repayment plan. Recently, many banks have also introduced deferred repayment policies.
The above notice pointed out that financial institutions should flexibly support the trapped people by reasonably delaying repayment time, extending loan term and delaying repayment of principal, and relevant overdue loans can be submitted without overdue records.