Guangdong's six major financial measures to help enterprises rescue and stabilize growth
2022-04-29
The increase in credit reached 2.7 trillion yuan, the increase in the scale of social financing reached 3.8 trillion yuan, the amount of capital market financing exceeded 1 trillion yuan, 100 new listed companies were added throughout the year, and the banking industry reduced fees and profits for enterprises by more than 100 billion yuan... These are the work goals of Guangdong's financial assistance to enterprises and stabilize economic growth. On April 28, Guangdong issued the action plan for financial support to enterprises affected by the epidemic and stable economic growth (hereinafter referred to as the action plan). The action plan proposes 25 financial measures from six aspects to increase financial supply and support the relief of enterprises affected by the epidemic and stable economic growth. It will help the economy operate within a reasonable range According to the action plan, Guangdong strives to increase the province's new credit amount and social financing scale in 2022 by 2.7 trillion yuan and 3.8 trillion yuan respectively, and the capital market financing amount by more than 1 trillion yuan, so as to ensure that the credit growth rate in the second quarter is higher than 12.1% and the deposit growth rate is higher than 9%. At the same time, Guangdong's investment and financing structure has been further optimized to help enterprises with good credit, good development prospects and affected by the epidemic tide through difficulties, realize that the growth rate of inclusive small and micro loans, medium and long-term loans for manufacturing enterprises and loans in the field of scientific and technological innovation is more than 10 percentage points higher than that of various loans, and strive to increase the number of domestic and foreign listed companies to 100 throughout the year, The number of enterprises listed in the regional equity trading center increased by more than 10 percentage points. Luo Zhiheng, chief economist of YueKai securities and President of the Research Institute, believes that the 25 policy measures include both total financial support and policy arrangements for key areas and weak links, ensuring the continuity and accuracy of financial support policies. "The operation of some small and medium-sized enterprises with weak anti risk ability has been greatly affected, posing a challenge to steady economic growth. At this time, stabilizing the main body of the market is to ensure employment, income and people's livelihood," he said Yi Xingjian, vice president and professor of Guangdong Institute of finance, believes that the action plan has further refined the relevant requirements of the Party Central Committee and the State Council, At the same time, it is rooted in Guangdong's practical problems and challenges: "Guangdong is a large province of small and medium-sized enterprises and individual industrial and commercial households, which together account for more than 95% of the main market in the province, ranking first in the country in terms of the number of private enterprises, added value, total import and export volume and the number of employees. Fully implementing financial support policies to help small and micro enterprises operate stably and continuously increase income will help Guangdong Province make progress while maintaining stability and ensure that the economy operates within a reasonable range." The action plan proposes to effectively reduce financing costs, achieve a steady decline in the average interest rate of inclusive small and micro loans, and the banking industry in the province will reduce fees and make profits for enterprises by more than 100 billion yuan. "This is a very positive measure and means." Ren Zhihong, director of Hong Kong, Macao and Taiwan Research Center of Guangdong Academy of Social Sciences, commented. In his view, in order to rapidly revitalize a large number of small, medium-sized and micro enterprises, we must first reduce their financing costs and expenses to benefit enterprises and the people. Ren Zhihong also suggested that under the policies and measures of reducing reserve requirements and fees, Guangdong should further reduce the interest space if conditions permit, and increase financial subsidies. Article 25 measures to enhance the supply of financial services The action plan proposes 25 measures to effectively enhance the financial service supply of the real economy from six aspects: increasing financial support for the real economy, especially industries affected by the epidemic, small and medium-sized micro enterprises and individual industrial and commercial households, further strengthening the stable development of foreign trade, the healthy operation of real estate, implementing the independent innovation strategy, the high-quality development of manufacturing industry and Rural Revitalization of financial services, and ensuring the smooth operation of economy and society. Among them, the action plan proposes that, relying on the financing platform of small and medium-sized enterprises in Guangdong Province, interest subsidies of no more than 1% will be given to small and micro enterprises that apply for loans for the first time in local legal person financial institutions from April 1 to June 30, 2022, and the loan balance of a single household does not exceed 10 million yuan. We will increase financial support for enterprises and flexible employment entities such as taxi drivers, online shop owners and truck drivers that attract more new citizens, so as to help stabilize post employment. In terms of increasing financial support for stabilizing foreign trade and foreign investment, the action plan proposes five measures, including improving the ability of financial services for foreign trade and foreign investment, increasing the support of export credit insurance, improving the exchange rate hedging ability of foreign trade enterprises, increasing cross-border e-commerce financing support, and promoting the development of bulk commodity trade through future cash linkage. "As a province with a large foreign trade and foreign investment, Guangdong has a broad market and active trade activities. Stabilizing foreign trade and foreign investment is the internal requirement to minimize the impact of the epidemic." Luo Zhiheng believes that the action plan proposes to give full play to the guiding role of financial funds, expand the coverage of export credit insurance, increase support for enterprises affected by the epidemic, support more than 12000 foreign trade enterprises throughout the year, expand industrial chain underwriting, help deal with risks such as order cancellation, and provide strong financial support for foreign trade enterprises. The action plan proposes to actively support the reasonable housing credit needs of residents. Luo Zhiheng believes that adhering to the positioning of "houses are for living, not for speculation" and implementing differentiated housing credit policies due to urban policies can improve the long-term mechanism for the virtuous circle development of Finance and real estate. The action plan also points out that it is necessary to "promote the development of bulk commodity trade with the linkage of futures and cash". Yi Jian believes that the futures market helps to disperse and transfer risks, and plays a positive role in stabilizing the prices of bulk commodities such as grain and energy, promoting the upgrading of industrial structure and the stable development of financial markets. (Xinhua News Agency)
Edit：Huang Huiqun Responsible editor：Huang Tianxin
Source：southcn.com
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