btimaqq

Cao Yuanzheng: Unconventional financial policies support the development of small, medium and micro enterprises

Cao Yuanzheng: Unconventional financial policies support the development of small, medium and micro enterprises
On May 22, Sauna Night held two sessions of economic strategies, invited economists to be a guest in the live room of Sauna Night, Peng Sen, former deputy director of the National Development and Reform Commission, former director of the Institute of Finance of the Ministry of Finance, and Jia Kang, director of the China Academy of New Supply Economics,Liu Yuanchun, vice president of Renmin University of China, and Cao Yuanzheng, chairman of BOC International Research Co., Ltd., etc., jointly interpreted the government work report released this morning.Cao Yuanzheng pointed out that the impact of the new crown epidemic on enterprises this year, especially small and micro enterprises, and service industry enterprises, is a part that is highly relevant to the private economy. From the perspective of the “six guarantees”, only the enterprisesFundamentally, it is necessary to preserve employment and the foundation of economic development. Therefore, one of the cores of the “six guarantees” is “guarantee enterprises”.In terms of finance, the country also has targeted work, the most important of which is the inclusive financial policy for small and micro enterprises. The government work report proposes that the policy of deferring principal and interest payments for loans to small and micro enterprises will be extended to the end of March next yearInclusive small and micro enterprise loans should be extended as much as possible, and the extension of loans for other difficult enterprises should be negotiated.Encourage banks to substantially increase credit loans and initial loans for small and micro enterprises, without repaying loans.”These policies are unconventional. In the context of commercial finance, debt service is the most basic requirement of commercial finance. In this regard, the policy has made a lot of preferential arrangements, including extending as much as possible.Low interest rates etc. “”In 2015, the State Council announced the strategy for the stable development of inclusive finance, which expires this year. This should achieve the inclusiveness of finance in 2020. Inclusive means finance that benefits everyone.In the course of these five years, financial institutions, especially small and medium-sized financial institutions have done a lot of work, including green finance, “Cao Yuanzheng said,” If financial institutions are compared to hair, small and medium-sized enterprises are compared to skinWithout it, Mao will be attached.Only when the real economy can develop can the overall economy develop.Historically, policies are in the process of innovation and development, and some innovations are becoming reality. “Sauna, Ye Wang Zhang Siyuan Editor Zhao Ze proofreading Li Xiangling