War "Epidemic" Loans Increased By 500 Billion! Focus On Supporting The Resumption Of Production, Poverty Alleviation And Other Fields.

In February 26th, the people's Bank held a teleconference to deploy financial support for small and micro enterprises to resume work and resume production. The meeting put forward that the people's Bank of China should seriously implement the prudent monetary policy and pay more attention to the requirements of flexibility and moderation. On the basis of the special refinancing of the epidemic prevention and control of 300 billion yuan, will increase the amount of the rediscount special amount of RMB $500 billion. At the same time, the interest rate of supporting agriculture and supporting small businesses was reduced by 0.25 percentage points to 2.5%.

Among them, the amount of loans for supporting agriculture and supporting small businesses is 100 billion yuan, 300 billion yuan, and the rediscount amount is 100 billion yuan. Before the end of June 2020, new loans granted to local corporate banks were not higher than LPR plus 50 basis points, allowing loans for refinancing loans.

On the use of the new quota, the meeting pointed out that the rediscount loans should be tilted to key areas, industries and regions. On the basis of the existing support areas, the fund should focus on supporting capital recovery and rehabilitation, poverty alleviation, spring ploughing and farming, livestock breeding, foreign trade and other capital needs. Support for key epidemic prevention areas.

The meeting held that the current epidemic prevention and control is at the most critical stage, and supporting the coordinated development of new crown pneumonia prevention and control and economic and social development is the top priority of the financial system. The people's bank system should quickly and accurately implement the rediscount and rediscount, and provide low cost and inclusive financial support for the orderly resumption and resumption of production, so as to effectively solve the urgent problems such as debt repayment, capital turnover and expanding financing.

The meeting stressed that all branches should enhance their political standing and enhance their overall awareness, and make the issuance and management of the special amount of rediscount and rediscount as the important work at present, so as to effectively improve the policy effect of the special amount of rediscount loan, strengthen supervision and management, ensure that funds are issued according to the law, and prevent the fund from being "dripping". We should strengthen organizational leadership, strengthen communication and coordination, and actively act as a financial support for small and medium enterprises.