165438+16 October, the State Council press office held a routine briefing on the State Council policy. Liu Guoqiang, deputy governor of the People's Bank of China, said at the meeting that since 2020, the People's Bank of China and the China Banking Regulatory Commission, together with relevant departments, have conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, and guided and urged financial institutions to increase their efforts to effectively support the development of the real economy.

First, a prudent monetary policy is more flexible and moderate. Comprehensive use of RRR reduction, medium-term lending facilities, open market operations, refinancing, rediscounting and other monetary policy tools to maintain a reasonable and sufficient liquidity and promote the steady decline of the overall market interest rate.

The second is to continuously release the interest rate reform dividend (LPR) in the loan market. Guide the medium-term lending facilities and open market operations to lower the winning bid rate by 0.3 percentage points, drive the LPR to decline simultaneously, and push the corporate loan interest rate down significantly. Start as scheduled, and successfully complete centralized conversion of the pricing benchmark of existing floating interest rate loans before the end of August 2020, so as to reduce the interest expense of existing loans of enterprises.

The third is to use structural monetary policy tools to accurately drip irrigation. Re-lending and rediscounting will be increased by10.8 trillion yuan in three batches, and will be gradually allocated in place. The implementation of two monetary policy tools that directly reach the real economy, namely, the phased repayment policy for small and medium-sized enterprises and the inclusive micro-credit loan support policy, has been accelerated, and the direct support for small and medium-sized enterprises has been further strengthened.

The fourth is to urge banks to reduce fees and make profits. Standardize charging behaviors such as credit, loan assistance, credit enhancement, and assessment, and urge banks to implement various policy requirements for reducing fees and making profits, and actively make profits to the real economy.

Fifth, support enterprise restructuring and debt-to-equity swap. A considerable number of large enterprises and enterprise groups have negotiated with banks, insurance and trust institutions, asking for extension, extension or restructuring of debts, granting extension or partial relief of principal and interest, and some enterprises with special difficulties have gone bankrupt and reorganized.

Liu Guoqiang said that overall, the measures have achieved remarkable results, and the quality and efficiency of financial services to the real economy have been continuously improved. Reasonable growth of money and credit.

By the end of September, the growth rates of broad money supply (M2) and social financing scale were 10.9% and 13.5% respectively, which were 2.5 percentage points and 2.8 percentage points higher than the same period of last year. Financing costs have fallen sharply. In September, the corporate loan interest rate was 4.63%, down 0.6 1 percentage point year-on-year, at a historically low level. The financing of small and micro enterprises is "increasing in quantity, expanding in area and decreasing in price". By the end of September, the financing of small and micro enterprises had increased by 3 trillion yuan, an increase of 1.2 trillion yuan year-on-year; Support small and micro business entities 3 1.28 million, up 21.8% year-on-year; In September, the average interest rate of new loans for small and micro enterprises in Pratt & Whitney was 4.92%, which was 0.96 percentage points lower than the previous year (65438+February).

Liu Guoqiang mentioned: "According to the data of the People's Bank of China and the China Banking Regulatory Commission, in the first 10 month of this year, the financial system has benefited about 1.25 trillion yuan from the real economy through two direct tools, namely, reducing interest rates, delaying repayment of principal and interest, reducing fees, supporting enterprise restructuring and debt-to-equity swap. It is estimated that the target of profit10.5 trillion yuan can be achieved throughout the year. "

Liu Guoqiang said that in the next stage, the People's Bank of China, together with the CBRC and other relevant departments, will continue to release relevant policy dividends, continue to promote the financial system to make profits to the real economy, ensure the completion of the annual target, and create favorable conditions for building a new development pattern and promoting high-quality development.