In april of this year, the gansu provincial branch of the people's bank of china launched a pilot project to identify the costs of integrated financing for enterprise loans in pingxia county, qingyang city, pingyang city and zhang xuan city. Through the list of costs of integrated financing for enterprise loans (limitation paper), interest and non-interest costs of loans were clearly identified, the right of financial consumers to know and the cost of financing for small and medium-sized enterprises was promoted. Currently, gansu has completed the process of identifying the costs of co-financing of 1,767 loans totalling 3,474 million yuan, helping smes to save $563. 8 million in non-interest costs, and the “loan note” has gradually become a “sun bill” for corporate finance and a “one paper undertaking” for the real economy of financial services。
Arrangements for deployment are well implemented. In order to ensure that the pilot is carried out in an orderly manner, the gansu provincial branch of the people's bank of china conducted a comprehensive survey of the composition of the cost of financing the loans of enterprises from all types of financial institutions in the country, selecting 4 municipalities and 30 financial institutions as the first pilot projects, which resulted in a working pattern of “classification guidance, tiered advancement”. :: timely issuance of pilot job announcements clarifying overall requirements, pilot scope and working steps, prompt action by the regional branches of the pilot municipalities, start-up meetings, development of implementation rules, guidance on institutional strengthening of relevant financial institutions, and ensuring the orderly progress of the pilot. A pilot bank has been instructed to set up a support system for `mechanismal empowerment + precision screening', i. E., a long-term monitoring mechanism for `cost publicity verification', an incentive mechanism for `concentrating value-for-money', and a pilot through `quantitative indicators + qualitative evaluation', to select priority enterprises with precision, in order to ensure that measures are in place and that the pilot work is put in place。
Awareness training is effective. In order to increase awareness and participation in the pilot, the gansu provincial branch of the people's bank of china has undertaken several initiatives to provide intensive training and multi-dimensional advocacy. Development of a pilot work operations manual, clarifying responsibilities and processes, combing the 15 policy questions and answers, providing a “presentation” for grass-roots implementation; formation of a “basket of business core lecturers”, training through trial exercises, one-on-one lectures, question-and-answer interaction, field testing, etc., to ensure that first-line staff are “informed about policy, operational”. The creation of a “on-line plus below-line” 3d dissemination network, the production of new media products, such as short videos, graphics, posters, and the dissemination of information through online channels in the media, government and financial institutions; and the promotion of policy advocacy through the distribution of leaflets, workbooks and information circulars on the web site of financial institutions, local gatherings, the broadcast of posters and videos on electronic screens and the organization of staff visits to the home. Since the pilot, more than 120 sensitization sessions have been organized throughout the province, reaching more than 3,000 people。
Support for the extension of safeguards. In order to better capture the progress of work and bridge the policy gaps in a timely manner, the gansu provincial branch of the people's bank of china “paced the pulse, the opening side” and protected the pilot with efficiency gains. On the one hand, it is timely to establish a “weekly monitoring, monthly reporting” dynamic monitoring mechanism, organize more than 10 on-site monitoring and research visits, and accurately identify pilot sites such as non-interest cost reductions. On the other hand, joint efforts by the relevant local government departments to promote mechanisms such as lower guarantee rates, sound financial discounts and risk compensation funds to ensure that the pilot works well. There is now a coordinated drive to reduce the guarantee rate from 1 per cent to 0. 5 per cent for a county government finance guarantee company, thereby effectively reducing the burden of corporate finance。
I'm not sure if i'm going to do that. In order to promote the pilot project for the better benefit of the entrepreneurs, the hansu provincial branch of the people's bank of china, in keeping with its initial mission of “finance for people”, guided the pilot financial institutions in the country to continuously optimize their financial services, taking the initiative to reduce the interest rate on loans, reduce the related costs and extend the policy dividend to more marketers. When lending 5 million yuan to an enterprise, it became clear to a bank within the jurisdiction that the company was using raw materials mainly for post-disaster reconstruction in the rock hills district, and the bank took the initiative not only to make it clear on the “limitation paper” that “the rate of the loan was reduced from 4. 1 per cent to 3. 5 per cent and the assessment fee of 0. 1 per cent was borne by the bank”, but also to help the company to apply for a policy of preferential rates for post-disaster reconstruction, with annual savings of 125,000 yuan. A business and business firm in the country has applied for an operating loan of rmb300,000 at an interest rate of 5. 25 per cent. After obtaining information on the client through the inventory analysis, the bank has offered to help its retired military to settle for 2,625 per cent of the interest rate, which reduces the financing burden by $7,900 a year。
