In order to further strengthen the support for small and micro enterprises and other market entities, deeply implement the package of policies and follow-up policies to stabilize the economy, and help stabilize the overall economic market, recently, six departments, including the People's Bank of China, the Banking and Insurance Regulatory Commission, the Ministry of Finance, the Development and Reform Commission, the Ministry of Industry and Information Technology, and the General Administration of Market Supervision, jointly issued the Notice on Further Strengthening the Support for the Delayed Repayment of Principal and Interest on Loans to Small and Micro Enterprises (hereinafter referred to as the Notice), For the loans to small and micro enterprises due in the fourth quarter of 2022, banking financial institutions are encouraged to negotiate with enterprises to postpone the repayment of principal and interest in accordance with the principle of marketization. The Notice clearly states that for loans to small and micro enterprises (including business loans to self-employed businesses and small and micro entrepreneurs) due in the fourth quarter of 2022 and temporarily in trouble due to the COVID-19, the repayment date of principal and interest in principle can be extended to June 30, 2023 at the longest. The interest of the deferred loan is calculated normally, and the penalty interest is exempted. All banking financial institutions should adhere to the substantive risk judgment, adjust the credit management system in a timely manner, do not reduce the loan risk classification due to epidemic factors alone, do not affect the credit reporting records, and improve the relevant due diligence exemption provisions on loan deferred repayment of principal and interest. Banking financial institutions should innovate deferred loan products and services, strengthen financial technology empowerment, meet the needs of enterprises in advance, and provide enterprises with differentiated loan extension methods, online loan renewal products and online loan extension processing channels. Under the premise of effective risk prevention and control, the loan extension application lacking some materials can be "handled with tolerance" and supplemented afterwards. At the same time, financial institutions in the banking industry should strengthen policy publicity and interpretation, timely publicize the handling conditions, required materials, handling procedures and handling time limit, and improve the convenience of small and micro enterprises in handling loan extension. In order to fully mobilize the enthusiasm of banking financial institutions, the Notice proposes that the People's Bank of China should comprehensively use a variety of monetary policy tools to maintain a reasonable and sufficient liquidity of the banking system; The financial supervision department has implemented differentiated policies such as tolerance for non-performing loans of small and micro enterprises; When assessing the operational performance of state-owned holding and shareholding banking financial institutions in 2022, financial departments at all levels should give full consideration to the impact of the policy of deferred repayment of principal and interest, and make reasonable adjustments and evaluations. At the same time, government financing guarantee institutions are encouraged to extend the guarantee period for enterprises with loan extension needs and continue to provide credit enhancement support. (Liu Xinshe)
Edit：Yi Bin Responsible editor：Li Bin Wei
Source：People's Daily online
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