The financial epidemic will not stop! Following the release of 21 anti epidemic and enterprise assistance measures in Shanghai, the first finance reporter learned that recently, a number of banks, including Shanghai Pudong Development Bank Co.Ltd(600000) , Bank Of Shanghai Co.Ltd(601229) , Industrial And Commercial Bank Of China Limited(601398) Shanghai Branch, China Construction Bank Corporation(601939) Shanghai Branch, China Zheshang Bank Co.Ltd(601916) Shanghai Branch, have launched special measures, including the establishment of special credit lines, the innovation of financial products and services, the increase of the benefits of fee reduction and credit protection, to effectively support the development of real enterprises.
special credit precise support
To fight the financial epidemic, the key is to tilt credit resources. In view of the financial difficulties of enterprises affected by the epidemic, major banks have made efforts to alleviate the financial difficulties of enterprises from the aspects of strengthening financing guarantee support and increasing inclusive financial support.
The reporter learned that on April 3, Shanghai Pudong Development Bank Co.Ltd(600000) launched the “Sixteen measures” of Shanghai Pudong Development Bank Co.Ltd(600000) supporting winning the war of epidemic prevention and control, increased credit support, established a special credit line of 200 billion yuan, provided 100 billion yuan of direct financing channels, and effectively improved the availability and convenience of financial services.
“We have set up special quotas and opened up green channels to increase credit support for epidemic prevention infrastructure, people’s livelihood guarantee related industries, as well as scientific and technological innovation enterprises and small and micro enterprises. At the same time, we have made full use of innovative direct financing tools such as debt financing tools, equity financing, M & A and asset securitization to broaden the financing channels of epidemic prevention and control enterprises.” Shanghai Pudong Development Bank Co.Ltd(600000) people said.
As an urban commercial bank rooted in Shanghai, Bank Of Shanghai Co.Ltd(601229) recently issued an action plan for Inclusive Finance to support epidemic prevention and control, and guaranteed the supply of Inclusive Finance through 18 measures to support the development of the real economy.
According to the action plan, Bank Of Shanghai Co.Ltd(601229) will set up a special credit line of 10 billion yuan in the first phase, which will be specially used for the epidemic prevention and control of small and micro enterprises in the city. It will be added at any time as needed, including 5 billion yuan of inclusive relief credit line, 2 billion yuan of anti epidemic R & D credit plan, 1 billion yuan of inclusive people’s livelihood financial services and 2 billion yuan of loan renewal without principal repayment
Specifically, the 5 billion yuan inclusive relief credit line is mainly aimed at enterprises greatly affected by the epidemic in Shanghai. It provides credit capital support to guarantee supply enterprises such as retail, transportation, catering, wholesale markets, supermarket stores, e-commerce platforms and urban living materials distribution, as well as anti epidemic material reserve and supply enterprises, so as to alleviate the capital turnover difficulties affected by the epidemic.
The 2 billion yuan anti epidemic R & D credit plan is mainly through the establishment of green approval channels for fast review and fast loan, increasing financial support for scientific and innovative enterprises such as biomedicine, vigorously supporting the scientific research and technological transformation and other capital needs of R & D enterprises such as covid-19 virus vaccine, drugs and diagnostic products, and providing a full process comprehensive financial service plan.
In addition, CCB Shanghai branch also issued the “15 measures” to fully fight the epidemic and help enterprises promote development, including fully supporting key enterprises in key industries, increasing credit in key areas of epidemic prevention and control, supporting the R & D and industrialization of covid-19 virus prevention and control innovative products, and increasing assistance to small, medium-sized and micro enterprises. The data show that since March, in order to help fight the epidemic, CCB Shanghai Branch has invested more than 30 billion yuan in local and foreign currencies, including 7.59 billion yuan in supporting prevention and control related enterprises and urban security enterprises, and 15.2 billion yuan in supporting enterprises to promote development; In the field of Inclusive Finance, CCB Shanghai Branch added 3.4 billion yuan of inclusive loans in March, benefiting 2500 small and micro enterprises and individual industrial and commercial households; In the same month, the principal amount of renewal and extension without repayment of principal exceeded 900 million yuan, benefiting nearly 1400 customers.
Industrial And Commercial Bank Of China Limited(601398) Shanghai Branch issued ten measures for the inclusive service of anti epidemic enterprises, including continuous maintenance and docking of key anti epidemic enterprises and people’s livelihood guarantee enterprises, list system management, and making every effort to meet the new financing needs of enterprises; Continue to pay attention to the financial support required for the resumption of work and production of small and micro enterprises; Connect the enterprise’s capital arrangement and financing needs before the loan expires in advance, with zero threshold and zero cost, and seamlessly and quickly handle the renewal of loan without principal repayment, loan extension, extension and other businesses through online batch extension and offline fast approval.
In addition, the reporter also learned that China Zheshang Bank Co.Ltd(601916) Shanghai Branch, as one of the 15 pilot banks in the first phase of the incremental expansion of “seamless renewal of loans” promoted by Shanghai Banking and Insurance Regulatory Bureau, is strengthening the renewal of loans without repayment of principal in industries greatly affected by the epidemic, so as to “continue as long as possible”, and provide a variety of products without repayment of principal and renewal of loans online and offline. Since March, 231 loan renewal businesses without principal repayment have been issued, with a total amount of 548 million yuan.
At the same time, China Zheshang Bank Co.Ltd(601916) Shanghai branch also provides automatic credit line for stock small and micro enterprises with expanded capital demand affected by the epidemic, with a maximum of 1.5 million yuan. Enterprises do not need to provide new information and new guarantee. The system automatically approves loans and signs up online throughout the whole process, which can be borrowed and repaid at any time to meet temporary capital needs.
While increasing special credit support, optimizing and improving online service functions and doing a good job in customized service innovation for epidemic prevention and control have become an important means for the current banking industry to improve the convenience and availability of services in the epidemic environment.
For example, China Merchants Bank Co.Ltd(600036) Shanghai Branch launched the “remote do not meet” pre approval of the bidding and lending app for many small and Micro customers sealed and controlled at home. Enterprises can apply online for small and micro business loans with a quota of up to 10 million yuan and an interest rate of as low as 3.7%. It takes only 15 minutes to get the results of the pre approval, and remotely automatically match the personalized loan scheme to lock in the preferential interest rate.
Fubon Huayi bank, combined with online digital services, provides 7 × 24-hour uninterrupted financial services to encourage customers to handle business through wechat banking, mobile banking, personal online banking and other electronic channels. The “online business hall” launched by the bank adopts technologies such as visual interaction, face recognition and OCR to directly hit the pain point where customers cannot be near the cabinet due to the epidemic.
fee reduction and profit transfer in parallel with credit investigation protection
In addition to the increase of credit supply, in the policy of supporting small and micro enterprises, fee reduction and profit sharing are also regarded as important measures.
Last year, the central bank, the China Banking and Insurance Regulatory Commission and other departments jointly issued 12 measures to reduce the payment of handling fees by small and micro enterprises and individual industrial and commercial households, so as to further transfer profits to the real economy. Fan Yifei, vice governor of the central bank, said that after the implementation of these measures, it is expected to reduce the handling fee expenditure of 24 billion yuan for market subjects and the public every year, of which more than 16 billion yuan will benefit small and micro enterprises and individual industrial and commercial households, which will help reduce the capital circulation cost and further optimize the business environment.
The 21 anti epidemic and enterprise assistance policies released by Shanghai recently also mentioned fee reduction and profit transfer, and financial institutions are taking positive action.
Industrial And Commercial Bank Of China Limited(601398) Shanghai Branch said it would actively reduce fees and transfer profits, take the initiative to bear mortgage insurance fees, assessment fees and mortgage registration fees, and reduce account opening fees, account service fees, transfer and remittance fees, e-banking service fees and other fees for small and micro enterprises. During the epidemic period, special preferential loan interest rate policies were provided to key enterprises.
Bank Of Shanghai Co.Ltd(601229) said that during the critical period of epidemic prevention and control, Bank Of Shanghai Co.Ltd(601229) continued to strengthen the implementation of the “five reductions” policy (reducing RMB transfer and remittance fees, reducing bank account service fees, reducing e-banking service fees, reducing payment account service fees and bank card swiping fees) in accordance with the principle of reducing as much as possible; For regions seriously affected by the epidemic, we will actively promote joint fee reduction and profit sharing with insurance, guarantee and other cooperative institutions to help small, medium-sized and micro enterprises tide over the difficulties.
It is understood that since the end of September last year, Bank Of Shanghai Co.Ltd(601229) in accordance with the principle of reducing the fees as much as possible, has fully implemented the policies related to reducing the payment fees. Up to now, Bank Of Shanghai Co.Ltd(601229) has reduced the fees by 27.97 million yuan, benefiting 280000 small, medium and micro enterprises.
It is worth mentioning that, with more and more attention to credit investigation, in the anti epidemic support policy, many banks mentioned credit investigation protection, supported enterprise credit repair, and did a good job in the protection of credit investigation rights and interests.
For example, China Zheshang Bank Co.Ltd(601916) Shanghai Branch clearly provides credit investigation record processing. For the personal information subject affected by the epidemic, who is unable to renew the loan or pay interest in time due to objective reasons and has submitted overdue credit investigation records, it shall provide supporting materials in accordance with the guidance of the General Office of the people’s Bank of China on the protection of credit investigation rights and interests during the prevention and control of covid-19 pneumonia epidemic, We will give priority to handling objections and complaints about credit investigation arising from epidemic prevention and control, and strengthen audit to prevent taking the opportunity of “credit investigation and repair”.
Industrial And Commercial Bank Of China Limited(601398) Shanghai Branch mentioned the need to strengthen credit investigation and protection, and take the initiative to deal with the enterprises affected by the epidemic that cause temporary and phased default in loan repayment of principal and interest in a timely manner in accordance with the requirements of the regulatory authorities, so as to help customers do a good job in credit investigation and protection.
Bank Of Shanghai Co.Ltd(601229) also said that it would take the initiative to carry out credit repair and guarantee the rights and interests of credit investigation. For small and medium-sized enterprises and individuals affected by the epidemic, establish a green channel for credit investigation and repair, assist in credit investigation, adjustment and repair, and fully protect the credit investigation rights and interests of information subjects affected by the epidemic.
