Industry insiders believe that with the introduction of a package of measures to stabilize growth and credit, under the impetus of regulatory authorities, banks will speed up the pace of credit issuance.
Accelerate the implementation of policy refinement
The meeting pointed out that regulatory authorities at all levels and all banking financial institutions should seize the time window, take the lead in taking the lead, and accelerate the progress of policy refinement and implementation.
The meeting emphasized that all banking financial institutions are the specific executors of the policy of deferred repayment of principal and interest, and should focus on the visibility, availability and operation of the policy, and promptly formulate detailed implementation measures. It is necessary to actively publicize the content, conditions and application channels of preferential policies to small and micro customers, so as to improve customers' knowledge of the policy and ensure that they know everything they should know. Actively follow up to understand customer needs, and provide services such as deferred repayment of principal and interest, and loan renewal without principal repayment according to the actual situation. Regulatory authorities at all levels should closely follow up on the implementation.
The meeting demanded that in 2022 continue to achieve the goal of "two increases" in inclusive loans to small and micro enterprises, and ensure the incremental expansion of loans to individual industrial and commercial households. Banking institutions must implement the credit plan for small and micro enterprises at every level, and further allocate credit resources to areas severely affected by the epidemic. Large state-owned banks should ensure an additional 1.6 trillion yuan in inclusive loans to small and micro enterprises throughout the year. Joint-stock banks should, on the basis of completing the existing credit plan, further increase their investment in places where conditions permit. Local corporate banks should make full use of policies such as inclusive small and micro loan support tools and re-lending to support small and medium-sized enterprises to further expand the increment of inclusive small and micro enterprise loans.
Wang Yifeng, chief analyst of the financial industry of Everbright Securities, believes that with the introduction of measures to stabilize growth and credit, it is expected that banks will speed up the pace of credit issuance, driven by regulatory authorities. In the early stage of the new round of credit expansion, it is expected that large banks and policy banks will play a major role in increasing loans to major projects in advance with the advantage of capital cost. At the same time, short-term corporate loans and bill financing are expected to have significant short-term impulses, which is conducive to the promotion of credit easing.
Improve and optimize financial services
According to data from the China Banking and Insurance Regulatory Commission, at the end of the first quarter, the balance of loans to small and micro enterprises by banking financial institutions (including loans to small and micro enterprises, loans to individual industrial and commercial households, and loans to owners of small and micro enterprises) was 53.4 trillion yuan, of which the total amount of credit granted to a single household was 1,000 yuan. The balance of inclusive loans to small and micro enterprises of 10,000 yuan and below was 20.6 trillion yuan, a year-on-year growth rate of 22.6%.
In recent years, financial institutions have achieved remarkable results in serving small and micro enterprises, but there are still shortcomings. Liang Si, a researcher at the Bank of China Research Institute, said for example that the incentive and restraint mechanisms are not fully utilized, the endogenous motivation is still insufficient, and the phenomenon of "loan reluctance" still exists. This is not only related to the risk management model of financial institutions, but also to the operating characteristics of small and micro enterprises that lack mortgages, guarantees, and information.
The meeting emphasized that financial services should be improved and optimized for outstanding problems. For enterprises and truck drivers in industries such as catering, retail, culture, tourism, transportation, and manufacturing that have been seriously affected by the epidemic, conditions for deferred repayment of principal and interest should be reasonably set, and the extension period may be appropriately relaxed. Adhere to the improvement of the professional system and mechanism of "dare to lend, willing to lend, able to lend, and meeting loans", and implement mechanisms such as performance appraisal, due diligence exemption, and bad tolerance at the grassroots level. Resolutely curb irregular business practices, and strictly implement the management regulations on credit financing charges and service prices.
In terms of establishing and improving a long-term mechanism for small and micro financial services, the relevant person in charge of the Beijing Banking and Insurance Regulatory Bureau introduced that at the beginning of this year, the bureau required banks within its jurisdiction to strictly implement the due diligence and exemption system for small and micro enterprise loan credit, and effectively implement the "inclusive small and micro enterprise". The non-performing rate of corporate loans should not be higher than 3 percentage points of the non-performing rate of various loans”, and timely and accurately communicate policy guidance to grassroots outlets and employees; it is required that the inclusive finance indicators of each bank account for the weight of the internal performance evaluation indicators. More than 10%; supervise banks to increase the internal transfer pricing (FTP) discount for inclusive small and micro enterprise loans.
