Focusing on the real economy, Pratt & Whitney small and micro enterprise loans will increase by another 2 trillion yuan next year.

CCTV News:Since the beginning of this year, the strength of the banking and insurance industry to support the real economy has continued to increase. From January to November this year, RMB loans increased by 15.68 trillion yuan, an increase of 589.7 billion yuan over the same period last year. On the afternoon of 20th, China Banking and Insurance Regulatory Commission held a briefing on recent key work to reply to hot issues such as the risks of small and medium-sized banks and China Banking and Insurance Regulatory Commission’s regulatory targets in 2020.

Yang Liping, chief prosecutor of China Banking and Insurance Regulatory Commission, said that only by continuously reducing the risks of financial institutions, especially small and medium-sized banks, can we further enhance our ability to serve the real economy. On the premise of finding out the risk base, small and medium-sized banks can replenish their capital by issuing common shares, capital bonds with no fixed term and introducing qualified strategic investors. At present, the risks are generally controllable.

China Banking and Insurance Regulatory Commission Chief Prosecutor Yang Liping:Find out the risk base, how much non-performing loans are, and make them real. On this basis, according to the risk situation and the size of the hole, we will replenish capital.

The support of financial institutions for small and micro enterprises has been continuously strengthened, the loan balance has been increasing, and the financing cost has gradually decreased. From January to October 2019, the average interest rate of new loans for inclusive small and micro enterprises was 6.76%, which was 0.64 percentage points lower than the average level in 2018. According to the plan, in 2020, the loans of inclusive small and micro enterprises will increase by another 2 trillion yuan, and the growth rate of loans of inclusive small and micro enterprises in five large commercial banks established diplomatic relations between workers and peasants will be above 20%.

Li Junfeng, Director of China Banking and Insurance Regulatory Commission inclusive finance Department:Further expand the coverage of credit for small and micro enterprises, and strive to increase the number of small and micro enterprises by more than 3 million next year to obtain credit support. In terms of cost reduction, we will strive to reduce the comprehensive cost of inclusive small and micro enterprise loans by 0.5 percentage points next year through hard work.