CBRC: by the end of 2021, the loan balance of private enterprises, small and micro enterprises all exceeded 50 trillion yuan

2022-07-02 0 By

Financial services for private enterprises and small and micro enterprises have always been the focus of financial management departments.Since 2019, the BANKING and insurance Regulatory Commission (CBRC) has continuously improved its policy system for providing financial services to private enterprises, strengthened on-site inspection, off-site supervision, investigation and policy evaluation, and effectively pushed banking and insurance institutions to continuously improve and strengthen financial services for private enterprises, 21st Century Business Herald reported on March 16.By the end of 2021, the balance of loans to private enterprises nationwide was 52.7 trillion yuan, an increase of 5.5 trillion yuan from the beginning of 2021 and an increase of 11.5% year on year.The annualized interest rate on loans to private enterprises was 5.26%, down 0.09 percentage points from the end of last year.”Going forward, we will continue to urge banking institutions to optimize and improve financial services, enhance risk identification and pricing capabilities, and continuously improve the quality and efficiency of financial services for private enterprises in accordance with various work arrangements.”CBRC said.In terms of small and micro enterprises, in 2021, THE CBRC will continue to increase the credit supply of small and micro enterprises, continue to optimize the credit structure of small and micro enterprises, focus on improving the service power of financial institutions, increase the vitality of small and micro enterprises, and strongly support the sustained recovery and high-quality development of the real economy.By the end of 2021, the loan balance of small and micro enterprises in China was nearly 50 trillion yuan, among which the loan balance of inclusive small and micro enterprises was 19.1 trillion yuan, with a year-on-year growth rate of nearly 25%, nearly 14 percentage points higher than the growth rate of all loans.The number of households with outstanding loans reached 33.581 million, an increase of nearly 7.85 million year-on-year. The growth rate of inclusive loans to small and micro businesses was higher than the average growth rate of all loans and the number of households was higher than the target set at the beginning of the year.In view of the difficulties and pain points of financing for small and micro enterprises, THE CBRC guides banks to increase the expansion of “first loan” and “continued loan” for small and micro enterprises, enrich credit loans, medium and long term loans and other products, and better match the loan methods and term needs of small and micro enterprises.By the end of 2021, the year-on-year growth rates of credit loans, renewed loans and medium and long term loans for small and micro enterprises were 32.6%, 37.4% and 17.7% respectively, significantly higher than the growth rates of all loans.In view of the financing costs of small and micro enterprises, the CBRC strengthened supervision and inspection of service prices and financing charges, guided banks to determine the pricing of loan interest rates for small and micro enterprises according to the trend of loan market quoted interest rate (LPR), and kept the financing costs of small and micro enterprises at a reasonable level.In 2021, the interest rate on new inclusive loans to small and micro businesses across the country will be 5.69 percent, down nearly 0.2 percentage points from 2020.Silver insurance regulatory commission, said the next step will continue to grasp the real credit, in sustaining pratt &whitney type small micro enterprise loan incremental expansion based on below, further optimize the structure of supply of credit, increase the first small micro enterprise credit, credit loans, renew loans and long-term loans, to specialization, “new”, science and technology innovative small micro enterprises support,We will work with relevant departments to continue to strengthen the construction of credit information sharing and integration mechanism, urge banks to improve their institutional mechanisms and professional capabilities, and improve the financial service efficiency of small and micro enterprises.