Yesterday (18th), the people's Bank of China and the State Administration of foreign exchange issued the notice on doing a good job in epidemic prevention and control and financial services for economic and social development (hereinafter referred to as the notice), which issued 23 policies and measures from three aspects: supporting the relief of troubled subjects, unblocking the national economic cycle and promoting the development of foreign trade and exports, strengthening financial services, increasing support for the real economy and contributing to epidemic prevention and control. The circular pointed out that it is necessary to give full play to the dual functions of the total amount and structure of monetary policy and increase financial support for industries, enterprises and people affected by the epidemic. Guarantee the timely, accurate and direct arrival of the tax rebate funds, and promote the market entities to enjoy the policy dividend as soon as possible. Peng Lifeng, deputy director of the financial market department of the people's Bank of China: in terms of troubled subjects, guide financial institutions to expand loan lending and make profits to the real economy. We will increase the amount of re loans for supporting agriculture and small businesses, make good use of inclusive small and micro loan support tools, and give preference to enterprises, industries and regions affected by the epidemic. For people in distress, we require financial institutions to flexibly support them by means of loan extension and renewal. Relevant overdue loans can not be submitted as overdue records. The central bank said it should make good use of various refinancing tools and make every effort to ensure the stable supply of food and energy. Support local governments to carry out infrastructure investment in advance, and ensure the reasonable financing needs of financing platform companies in accordance with laws and regulations. Guide platform enterprises to carry out inclusive financial business in accordance with the law and regulations to maximize the benefits of enterprises and the people. Financial institutions are required to implement the two "unwavering" and increase the proportion of private enterprise loans in newly issued enterprise loans. In terms of supporting smooth freight logistics and stable circulation of industrial chain and supply chain, the notice requires that financial institutions should actively follow up and effectively meet the financing needs of transportation logistics enterprises and truck drivers, and reasonably extend and renew the loan if it is difficult to repay the loan temporarily. For flexible employment entities such as truck drivers, taxi drivers and online shop owners, we will increase operational loan support in comparison with individual industrial and commercial households and small and micro business owners. Peng Lifeng, deputy director of the financial market department of the people's Bank of China: support financial institutions to effectively meet the financing needs of transportation and logistics enterprises and truck drivers. It is expected to leverage 1 trillion yuan of funds through 200 billion yuan of science and technology refinancing and 100 billion yuan of refinancing for the field of transportation and logistics, so as to promote the smooth flow of freight logistics and the stable circulation of industrial chain and supply chain. The minimum down payment ratio and minimum loan interest rate of commercial individual housing loans should be reasonably determined according to the city's policies. The people's Bank of China said that it will pay close attention to the implementation of policies and achieve results through detailed measures, incentives and punishments, so as to maximize the benefits of various new policies to all kinds of market subjects. Six foreign exchange service measures to support the development of foreign trade and foreign investment This time, the safe has issued six foreign exchange financial service measures to further strengthen its support for foreign trade and foreign investment. In order to better serve foreign trade enterprises, the circular expands the facilitation policy of high-quality enterprises to the whole country, so as to bring more enterprises, especially small and medium-sized foreign trade enterprises, into the scope of the facilitation policy and help foreign exchange settlement "apply every second and do every minute". Liu Bin, director of the current account management department of the State Administration of foreign exchange: at the same time, we will further broaden the settlement channels, support more qualified Payment institutions and banks, and provide safe, efficient and low-cost cross-border capital settlement services for new trade entities such as cross-border e-commerce based on transaction electronic information, so as to promote small and medium-sized foreign trade enterprises to expand exports. In order to facilitate foreign trade enterprises to make full use of domestic and international markets and resources, the notice further supports foreign trade enterprises to obtain low-cost financing from overseas. Liu Bin, director of the current account management department of the State Administration of foreign exchange: including supporting qualified high-tech and "specialized and special" small and medium-sized enterprises to carry out the pilot of foreign debt facilitation quota; Support multiple external debts of non-financial enterprises to share one external debt account; Support enterprises to handle foreign debt registration online. At the same time, it will further facilitate the settlement and repayment of domestic foreign exchange loans with export background. The safe said that with the increasing market-oriented level of the RMB exchange rate and the two-way fluctuation and flexibility of the RMB exchange rate, this time it proposed to guide banks to optimize services, reduce transaction costs, expand local currency settlement, strengthen bank government enterprise cooperation and other measures, which will further improve enterprise exchange rate risk management services. In addition, the new measures also include the exemption of transaction fees in the inter-bank foreign exchange market related to foreign exchange derivatives transactions of small, medium-sized and micro enterprises, and the strengthening of export credit insurance support. (Xinhua News Agency)