Page 3 - G20创业动态

Increasing Financial Support affected by the epidemic, the State Financing Guarantee Fund
halved the re-guarantee fee.
Stabilize loans for enterprises. On January 31, the People's
Bank of China, the Ministry of Finance, the Banking Insurance
Regulatory Commission, the Securities Regulatory Commission, Noteworthy measures:
and the State Administration of Foreign Exchange jointly
proposed that the hard-hit industries, such as wholesale and Ningbo, Zhejiang Province: A large online financing docking has been launched.
Enterprises only need to log in to Ningbo Inclusive Financing Credit and
retail, accommodation and catering, logistics and transportation, Information Service Platform and enter financing requirements in the "Financing
cultural tourism and etc., or other struggling enterprises and Docking" section. The city's 64 financial institutions will be ready to lend, and
with potentials for development, especially small and micro the eligible enterprises only need to waiting 48 hours to get their loans.
enterprises, their loans shall not be blindly drawn down, broken
or oppressed. For those who have been severely affected by the Beijing: A fast channel was set up to facilitate financing for those which are affected
by the epidemic or take part in the prevention and control of the novel coronavirus.
epidemic and find it difficult to repay their loans in time, it is The whole process is paperless and it only requires enterprises to provide electronic
allowed to apply for deferred payment or renewed loans. Relevant and video materials which have been reduced to 2/3 of the previous ones. In
enterprises should be supported to mitigate the impact of the addition, guarantee approval and bank lending are seamlessly connected. The
epidemic by means of appropriate reduction of loan interest rates, procedure that used to take half a month or even more to complete, now only takes
increase of credit loans, and long- and medium-term loans. about 3 days.
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The Banking Insurance Regulatory Commission, the People's
Bank of China, the Development and Reform Commission,
the Ministry of Industry and Information Technology and the
Ministry of Finance issued a joint notice on March 1 prescribed
that epidemic-hit SMEs and micro enterprises, including small
business owners and individual household businesses, can
apply with bank for deferred repayment if they have difficulties
in repaying capital or interest during the period of epidemic
outbreak. And banks can give enterprises a certain period of
deferred payment according to their impact level and business
conditions, which can be extended up to June 30, 2020. Default
rate will be exempted for overdue repayments in the period.

Noteworthy measures:

Binzhou, Shandong Province: Financial Stability Fund of 30 million yuan has
been set up for SMEs to respond to the epidemic. The Fund provides bridge funds
for enterprises with difficulties in short-term capital turnover to repay loans and Innovate financial products and services. The advantages
renew loans on time.
of Internet are fully used for its convenience and speed, and
Yuhang District, Hangzhou City, Zhejiang Province: Special Funds for targeted financing products for SMEs are developed as soon as
refinancing was expanded to 300 million yuan with more flexible scope of support, possible during the epidemic to meet their urgent demands. SME
simplifying approval procedures, and rapid refinancing services. financing service platforms should play an active part in docking
Guangzhou, Guangdong Province: 500 million yuan granted the financial governments, banks and enterprise in a bid to promote accurate
institutions and various enterprises which support the operation and development of matching of supply and demand.
SMEs.

The Macao Special Administrative Region: A special SME Assistance Program Noteworthy measures:
has been launched for SMEs established within two years, which provides interest-
free assistance loans of up to 600,000 patacas, with a maximum repayment period of China Construction Bank specially launched the "Yunyi Loan" exclusive credit
8 years. service for the entire industry chain of epidemic prevention and control, inclusive
customers groups including hard-hit SMEs and their owners, and self-employed
business owners. The eligible enterprises can apply for it without leaving home
Streamline processes and reduce costs. Financial institutions through APP and mobile banking system. Only one day after the launch of "Yunyi
are required to provide fast channel, set up online business Loan", the credit amount exceeded 1.2 billion yuan, benefiting more than 1,100 new
processing, simplify credit application materials, shorten the time and old customers, and the investment amount reached 368 million yuan.
for credit approval, and provide high-quality financial services Industrial and Commercial Bank of China has launched exclusive online credit loans
to enterprises efficiently. The Ministry of Finance proposed such as "anti-epidemic loan", "medical insurance loan" and "employment loan"
on February 1 that government guarantee and re-guarantee for small and micro enterprises which have resumed work or take part in epidemic
institutions at all levels should cancel counter-guarantee prevention and control. As of February 25, the credit loans balance issued online by
requirements and reduce guarantee and re-guarantee fees. ICBC has exceeded 35 billion yuan, benefiting more than 70,000 small and micro
For financing guarantee and re-guarantee institutions in areas enterprises.