The report of the government on its work, submitted to the 13th national people's congress on march 5th in beijing (journalist lee yonxia, zhou wing), aims to alleviate the problem of corporate finance. It also proposes reforms to improve the mechanisms for lending money and credit, to increase targeted reductions in small and medium-sized banks and to improve the internal appraisal mechanism for financial institutions。
In the report on the work of the government, it was proposed that reforms be made to improve the mechanisms for channelling money and credit, using, in due course, such quantitative and price instruments as savings reserve rates, interest rates, etc., to induce financial institutions to expand credit lending, reduce the cost of lending, and accurately and effectively support the real economy, so as not to allow funds to be diverted or lost。
“an important reason why enterprise finance is difficult to finance is the obstruction of the availability of monetary credit, which, at the central bank level, is aimed at creating a sound financial environment for the healthy development of the real economy through the innovation of monetary policy instruments and the maintenance of adequate liquidity. “the deputy director of the national financial and development laboratory has just indicated。
The banks ' incentive assessment mechanisms are one of the reasons for limiting the flow of credit resources to private and micro-enterprises. The report on the work of the government suggests that improvements in internal appraisal mechanisms for financial institutions, incentives to enhance inclusive financial services, and tangible improvements in msme financing constraints, must be achieved with a significant reduction in the cost of integrated financing。
The national councillor and deputy director of the shanghai headquarters of the people's bank of shanghai, kim peng fai, stated that it was important to remain issue-oriented, to put in place timely and targeted work initiatives, to improve incentives for appraisal and to create a more equitable and accessible financing environment for public enterprises。
Mitigating the difficulty of financing msmes and strengthening the financing services infrastructure. “the strengthening of information connectivity, the removal of information barriers across different sectors and the establishment of a credit system based on a single, government-led national information platform, supported by other third-party information platforms, are key steps towards alleviating the difficulty of financing msmes. “a member of the national council of political affairs and secretary-general of the shanghai bank insurance board, han kiri。
