Make overall plans to stabilize growth, adjust the structure, control inflation, prevent risks, and reasonably maintain the total amount of money. Comprehensive use of quantity, price and other monetary policy tools, give full play to the guiding role of the dynamic adjustment mechanism of refinancing, rediscounting and differential deposit reserve, revitalize existing funds, make good use of incremental funds, speed up capital turnover and improve the efficiency of capital use. Continue to reduce the deposit reserve ratio of small and medium-sized financial institutions and increase the sources of credit funds for weak links such as agriculture, rural areas and small and micro enterprises.
We will steadily push forward the interest rate marketization reform, give greater play to the basic role of the market in fund allocation, promote enterprises to choose financing channels and optimize financing structure according to their own conditions, improve the credit availability of the real economy, especially small and micro enterprises, and further increase financial support for the real economy. (Led by the People's Bank of China, with the participation of the Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission and the foreign exchange bureau)
Two, guide and promote the transformation and adjustment of key areas and industries.
Adhere to the principle of support, control and pressure, and enhance the pertinence and effectiveness of financial support. Vigorously support the implementation of the innovation-driven development strategy. Increase financial support for advanced manufacturing, strategic emerging industries, modern information technology industries and information consumption, labor-intensive industries, service industries, transformation and upgrading of traditional industries, environmental protection and other fields. Ensure the reasonable capital demand of key projects and projects under construction, actively support the construction of major infrastructure such as railways, urban infrastructure, affordable housing projects and other livelihood projects, and cultivate new industrial growth points.
In accordance with the requirements of "digesting a batch, transferring a batch, integrating a batch, and eliminating a batch", we will implement differentiated policies for industries with overcapacity according to different situations. Enterprises with competitive products, market and benefits should continue to give financial support; Enterprises that reasonably transfer their production capacity abroad should actively support them to enhance their cross-border investment and operation capabilities through domestic overseas loans, foreign exchange RMB loans, debt financing and equity financing; For enterprises that implement capacity integration, support mergers and acquisitions by exploring the issuance of preferred shares, developing targeted M&A loans, and appropriately extending the loan period. For enterprises that eliminate backward production capacity, support delisting by preserving assets, transferring non-performing loans, and writing off loan losses.
It is strictly forbidden to provide any form of new credit and direct financing for illegal construction projects in industries with serious overcapacity, so as to prevent blind investment from aggravating overcapacity. (Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Commerce, People's Bank of China, State-owned Assets Supervision and Administration Commission, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and foreign exchange bureau are responsible). Responsible according to the division of responsibilities)
Third, integrate financial resources to support the development of small and micro enterprises.
Optimize financial services for small and micro enterprises. Support financial institutions to extend service outlets to areas where small and micro enterprises are concentrated. According to the characteristics of financial needs of small and micro enterprises at different stages of development, support financial institutions to provide comprehensive financial services such as financing, settlement, wealth management and consulting to small and micro enterprises. Continue to support qualified banks to issue special financial bonds for small and micro enterprises, and loans for small and micro enterprises issued by raised funds will not be included in the assessment of loan-to-deposit ratio.
Gradually promote the routine development of credit asset securitization, and revitalize funds to support the development of small and micro enterprises and economic restructuring. Moderately liberalize the small-scale external insurance and domestic loan business, and expand the domestic financing sources of small and micro enterprises. Appropriately improve the tolerance of non-performing loans for small and micro enterprises. Strengthen financial support for small and micro enterprises with technological innovation and entrepreneurship. Strive for the annual growth rate of small and micro enterprise loans not less than the average growth rate of various loans in that year, and the loan increment is not less than the same period of last year. Encourage local people's governments to establish credit risk compensation funds for small and micro enterprises, support information integration of small and micro enterprises, and accelerate the construction of credit system for small and medium-sized enterprises. Support local people's governments to strengthen supervision over microfinance companies and financing guarantee companies, and clean up and standardize non-financing guarantee companies.
Encourage local people's governments to set up or participate in financing guarantee companies, guide the healthy development of financing guarantee companies through incentives and risk compensation, help small and micro enterprises increase credit financing, reduce financing costs of small and micro enterprises, and improve loan coverage of small and micro enterprises. Promote financial institutions to improve the service pricing management mechanism, strictly regulate the charging behavior, strictly implement the provisions that no loan transfer, no deposit-loan linkage, no loan charging, no floating profit, no loan bundling, no cost transfer, etc., disclose the charging items, service quality and price, utility functions and preferential policies, and effectively reduce the financing costs of enterprises. (Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, Ministry of Finance, People's Bank of China, State Administration for Industry and Commerce, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and foreign exchange bureau are responsible). Responsible for the division of responsibilities)
Fourth, increase credit support for the areas of agriculture, rural areas and farmers.
Optimize the financial services for agriculture, rural areas and farmers, give full play to the synergy of policy finance, commercial finance and cooperative finance, give play to the advantages of direct financing, and promote the pace of agricultural modernization. Encourage agricultural financial institutions to set up service outlets in villages and towns with blank financial services, innovate service methods, and strive to achieve full coverage of rural basic financial services. Support financial institutions to develop financial products and services that meet the characteristics of new agricultural and rural business entities and agricultural product wholesalers, increase credit support, and strive to ensure that the average annual growth rate of "three rural" loans is not lower than the average growth rate of various loans in that year, and the loan increment is not lower than the same period last year.
Support qualified banks to issue special financial bonds for agriculture, rural areas and farmers. Encourage banking financial institutions to expand forest right mortgage loans, and explore pilot projects of mortgage loans for large and medium-sized agricultural machinery, rural land contractual management rights and homestead use rights. Support the Agricultural Bank of China to gradually expand the scope of pilot provinces in the county-level "Ministry of Agriculture, Countryside and Farmers" on the basis of summing up the pilot experience. Support the innovation of rural financial products and services in the pilot areas of rural financial reform approved by the central government. (Ministry of Finance, Ministry of Land and Resources, Ministry of Agriculture, Ministry of Commerce, People's Bank, Forestry Bureau, Legislative Affairs Office, China Banking Regulatory Commission, etc.). Responsible for the division of responsibilities)
V. Further develop consumer finance and promote consumption upgrading.
Accelerate the improvement of the function of bank card consumption service, optimize the credit card consumption environment, and expand the scope of card use for urban and rural residents. Actively meet the reasonable credit demand of households in the first set of self-occupied housing, bulk durable consumer goods, new consumer goods and service consumption areas such as education and tourism. Gradually expand the scope of pilot cities for consumer finance companies, and cultivate and expand new consumption growth points. Strengthen personal credit management.
According to the consumption characteristics of migrant workers and other groups in the process of urbanization, we will improve the matching and adaptability of financial services and promote consumption upgrading. (The People's Bank of China takes the lead, with the participation of the Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce and the China Banking Regulatory Commission. )
Sixth, support enterprises to "go global"
Encourage policy banks, commercial banks and other financial institutions to vigorously support enterprises to "go global". Focus on promoting trade and investment facilitation, further promote the cross-border use of RMB, promote the decentralization of foreign exchange management, and improve the foreign exchange management system for trade in goods and services. Gradually carry out pilot projects for individual overseas direct investment and further promote the opening up of the capital market. Improve foreign debt management methods and improve the full-caliber foreign debt management system.
Strengthen infrastructure construction such as net settlement in the inter-bank foreign exchange market. Innovate the use of foreign exchange reserves, expand the entrusted loan platform for foreign exchange reserves and the channels for commercial banks to transfer loans, and comprehensively use various methods to provide financing support for foreign exchange users. (Led by the People's Bank of China, with the participation of the Ministry of Foreign Affairs, the Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce, the General Administration of Customs, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission and the foreign exchange bureau)
Seven, accelerate the development of multi-level capital market.
Further optimize the institutional arrangements for the main board, SME board and GEM, and improve the issuance, pricing, mergers and acquisitions and other systems. Appropriately relax the financial access standards of GEM for innovative and growing enterprises. Expand the pilot share transfer system for small and medium-sized enterprises to the whole country. Standardize the management of unlisted public companies. We will steadily expand the issuance of corporate (enterprise) bonds, medium-term notes and small and medium-sized enterprises in private placement bond to promote the interconnection of the bond market.
Standardize the development of various institutional investors, explore the development of M&A investment funds, encourage product innovation of private equity investment funds and venture capital funds, and promote the financing development of innovative and entrepreneurial SMEs. Accelerate the improvement of the construction of the futures market, steadily promote the variety innovation of the futures market, and further play the role of the futures market in pricing, risk diversification, hedging and promoting economic transformation and upgrading. (The CSRC takes the lead, with the participation of the Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China, the State Administration for Industry and Commerce, and the Legislative Affairs Office. )
Eight, to further play the role of insurance.
Expand the coverage of agricultural insurance, and promote new types of insurance such as vegetable basket project insurance, fishery insurance, agricultural product quality assurance insurance and farm house insurance. Establish and improve the financial support of agricultural insurance catastrophe risk dispersion mechanism. Vigorously develop export credit insurance, encourage enterprises to carry out foreign trade and "go global", and provide a package of insurance services such as investment, management, labor and employment. Deepen science and technology insurance.
Carry out pilot projects to promote microfinance guarantee insurance and promote the development of domestic trade credit insurance. Broaden insurance coverage and channels for the use of insurance funds, and further play the positive role of insurance in economic restructuring and transformation and upgrading. (Led by CIRC, with the participation of Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Agriculture, Ministry of Commerce, People's Bank of China, Forestry Bureau, China Banking Regulatory Commission and Foreign Exchange Bureau)
Nine, expand private capital into the financial industry
Encourage private capital to invest in financial institutions and participate in the restructuring and transformation of financial institutions. Village banks with mature development and stable operation are allowed to adjust the shareholding ratio between the main sponsor bank and other shareholders within the minimum share ratio requirements. Try to set up private banks, financial leasing companies and consumer finance companies at their own risk by private capital. Explore and optimize the classified supervision mechanism of the banking industry, implement differentiated access management for different types of banking financial institutions in business areas and business scope, establish corresponding assessment and evaluation systems, and provide wide coverage, differentiated and efficient financial services for the development of the real economy. (led by CBRC, attended by People's Bank of China, State Administration for Industry and Commerce and Legislative Affairs Office)
X. Strictly guard against financial risks
In-depth investigation of various financial risks, timely stress testing, dynamic analysis of possible risk contacts, timely locking, prevention and control of risks, and strict adherence to the bottom line of systemic regional financial risks. Continue to follow the principles of total control, classified management, differential treatment and gradual resolution, and prevent and resolve risks such as loans from local government financing platforms. Earnestly implement the real estate regulation and control policies, implement differentiated housing credit policies, strengthen the list system management, and strictly prevent and control real estate financing risks.
In accordance with the principles of separation of wealth management and credit business, one-to-one correspondence between products and projects, separate account management, and open and transparent information, we will standardize the wealth management products of commercial banks, strengthen behavior supervision, and strictly control risks. Pay close attention to and actively resolve the financial risks exposed in the process of structural adjustment of "two highs and one surplus" (high energy consumption, high pollution and overcapacity).
Prevent cross-market and cross-industry financial risks and prevent risks such as private financing, illegal fund-raising and international capital flow from spreading to the financial system. Support banks to transfer non-performing loans, expand the independent write-off right of non-performing loans of banks, and actively digest and absorb risks in time. Properly and orderly handle risks, strengthen guidance, and prevent improper handling from triggering new risks.
Accelerate the construction of credit legislation and social credit system, cultivate social credit culture, and create a good environment for financial support for economic restructuring and transformation and upgrading. (Led by the People's Bank of China, with the participation of Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Housing and Urban-Rural Development, Legislative Affairs Office, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and foreign exchange bureau)