Truck drivers and other logistics practitioners known as "always living on the road" are an important guarantee for the "continuous line" of the logistics supply chain. The staff of a freight platform disclosed to the Securities Daily on April 12 that "about 95% of truck drivers on the platform buy cars with loans, and some drivers are under great pressure to repay the loans affected by the epidemic." Their demand for finance is greater than most people realize. Fortunately, the rescue policy is in place.
According to the news of the CBRC on April 12, recently, the CBRC specially studied the financial support for the smooth operation of freight logistics, and asked the banking and insurance industry to go all out to help the freight logistics industry solve difficulties.
Dong ximiao, chief researcher of Zhaolian finance and part-time researcher of the Financial Research Institute of Fudan University, told reporters that freight logistics is an important part of the industrial chain supply chain and the "last kilometer" to ensure people's livelihood. It is important and urgent for finance to increase its support for freight logistics.
The reporter immediately connected more than 20 relevant people, including local regulators, banks, insurance companies, logistics enterprises, freight platforms and freight drivers, to understand the financial demands of "on the road" practitioners during the epidemic and the relief measures of financial institutions.
several banks help to avoid industrial loan interruption
The cbcirc said that we should make good use of Pratt & Whitney small and micro loan support tools, appropriately tilt Pratt & Whitney small and micro enterprise loans to transportation enterprises and individual industrial and commercial households, actively follow up and effectively meet their financing needs, do a good job in the continuous conversion of relevant loans after the expiration of the deferred principal and interest payment policy, and avoid industrial loan restriction, loan withdrawal and loan interruption.
At the same time, the CBRC also made it clear to encourage bank and insurance institutions to optimize the approval process according to the market-oriented principle, open up green channels for transportation enterprises with heavy tasks of epidemic prevention and control and emergency transportation, and provide flexible and convenient services; Encourage banking financial institutions to reduce the actual loan interest rate and appropriately reduce charges on the basis of comprehensive consideration of their own business conditions and customers' repayment ability; "Encourage government financing guarantee institutions to provide financing and credit enhancement support for qualified transportation enterprises".
The reporter noted in the interview that the banking industry is helping logistics enterprises "run" with practical actions.
China Construction Bank Corporation(601939) relevant person in charge told the reporter of Securities Daily that CCB Shanghai branch pays close attention to the financial needs of logistics and transportation enterprises and has provided credit support for transportation, warehousing and postal industry totaling 960 million yuan since March 1.
"I didn't expect this money to be released so soon." The financial person in charge of Shanghai Yuantong Jiaolong Investment Development (Group) Co., Ltd. told reporters that this money is mainly used for the group's centralized payment to pay necessary expenses such as transportation fees and document distribution fees, so as to support the normal operation of distribution centers across the country. On March 25, China Construction Bank Corporation(601939) Yangtze River Delta sub branch learned that Yuantong had a capital demand of 100 million yuan and responded quickly. Branches and branches linked together to open a green channel and give priority to approval. It successfully invested 100 million yuan of working capital for Yuantong in only five days.
Before the epidemic, grain and grass first. During the epidemic period, Shanghai torrent Agricultural Development Co., Ltd. insisted on providing Shenzhen Agricultural Products Group Co.Ltd(000061) material supply for e-commerce platforms and supermarkets. The demand for procurement and supply increased sharply, and capital operation turnover was urgently needed. Hengfeng Bank Shanghai branch took the initiative to connect with enterprises and formulate a pure credit and unsecured inclusive financing scheme for them. The Shanghai policy financing guarantee fund management center for small, medium and micro enterprises provides credit guarantee, provides a loan of 1.5 million yuan for the company, and gives the most preferential interest rate policy to help it ensure the "vegetable basket" of Shanghai citizens.
A smart supply chain company in Shanghai Free Trade Zone made a great contribution to people's livelihood during the epidemic. According to the staff, the company needs to pay the payment for goods and staff wages in the middle of each month. There is a great pressure on working capital at the beginning of the quarter and the beginning of the month. It hopes to get a short-term and low-cost working capital loan China Zheshang Bank Co.Ltd(601916) Shanghai Branch, in response to this demand, provided the company with 10 million yuan of ultra short loan financing, which greatly reduced its financing cost and removed the capital obstacles for its full investment in the fight against the epidemic and the guarantee of people's livelihood.
After the voice of the regulatory authorities, some banks made a positive statement. The reporter learned from Hengfeng bank that the bank resolutely implemented the regulatory opinions and fully supported the relief of the freight logistics industry. On the one hand, a special anti epidemic material support class was established to actively connect with the territorial Government, comprehensively sort out the express logistics enterprises and relevant upstream and downstream, open up green approval channels, and fully meet the capital needs of enterprises. On the other hand, we will continue to accelerate the innovation of financial products and make every effort to provide efficient financial support for the freight logistics industry.
However, some banks said that there is no special preferential policy for the actual operation of transportation enterprises and individual industrial and commercial households, but there will be some emphasis in the follow-up. This is not only a response to the widespread concerns of all sectors of society, but also conducive to the banking industry to better meet the expectations of market players.
"As far as I know, about 95% of truck drivers on the platform buy cars with loans, and some drivers are under great pressure to repay the loans affected by the epidemic," the staff of kayou zone told reporters
Chen Guangdong, a truck driver who lives in Dezhou City, Shandong Province, told the Securities Daily, "I borrowed 480000 yuan to buy a truck in August last year, and I need to repay about 17000 yuan per month. Because the current industry is mostly unloading and settlement (the owner pays the freight after the truck driver delivers the goods to the destination), and the transportation time and frequency are uncontrollable, the truck driver is very likely to have a capital gap. In addition, since the epidemic has occurred frequently this year, I basically borrow money to repay the loan every month."
Chen Guangdong said frankly, "I hope the bank can launch a differentiated deferred repayment policy and eliminate the overdue credit investigation records. For example, truck drivers can apply for a grace period of up to 10 days according to the transportation order and freight payment. After all, we borrow to buy a car to make a living, not to default."
Some logistics enterprises and franchisees of express companies hope that banks will give preferential loan policies. A franchisee of an express company said that since the revenue and flow of most small and micro enterprises and individual industrial and commercial households do not meet the requirements of bank loans, it is difficult to make loans. It is hoped that banks will strengthen loan support.
several insurance companies responded: actively promote the development of more targeted products
In terms of the insurance industry's assistance to the relief of the freight logistics industry, the cbcirc mentioned that insurance companies are encouraged to develop accident insurance and other products according to the characteristics of workers in special positions such as truck drivers and couriers. Guide insurance companies to actively develop property insurance products such as cargo transportation insurance and road cargo transportation carrier liability insurance, so as to provide risk protection for the logistics industry.
The reporter interviewed China Life Insurance Company Limited(601628) , The People'S Insurance Company (Group) Of China Limited(601319) , Taiping Life Insurance, Zhonghong insurance, Chang'an insurance and other insurance companies on "exclusive" insurance for freight logistics practitioners, freight insurance and carrier liability insurance. Some enterprises said they were actively promoting and would develop more targeted insurance products for freight logistics in the future.
At present, truck drivers, couriers and other workers in special positions can be insured against personal accident insurance on the market.
Zhang Likai, vice president and chief actuary of Yuanbao, told the reporter of Securities Daily that the main risk of logistics couriers at work is accidental injury. There are many such products on the market, and some Internet platform companies purchase such insurance for couriers by deducting part of the express fee.
The relevant person in charge of Chang'an insurance also told reporters that for truck drivers, couriers and other groups, the insurance products that the company can underwrite include accidental injury insurance, which mainly compensate the insured for death, disability and accidental medical treatment caused by accidents.
In addition, freight insurance is also a kind of insurance with relatively mature development. Ping An Insurance (Group) Company Of China Ltd(601318) , The People'S Insurance Company (Group) Of China Limited(601319) and other insurance enterprises have carried out this business.
According to the operation data of PICC Property Insurance, the leading property insurance company, the original premium of PICC Property Insurance and freight insurance reached 4.814 billion yuan in 2021, a year-on-year increase of 26.5%; The loss ratio of freight insurance was 52.6%, an increase of 9 percentage points year-on-year; The expense rate was 38.6%, a year-on-year decrease of 0.7 percentage points; The comprehensive cost rate was 91.2%, an increase of 8.3 percentage points year-on-year.
The relevant person in charge of Chang'an insurance said that the company has China cargo transportation insurance and road cargo transportation carrier liability insurance, which can be insured by relevant enterprises and individuals. In the future, the company will actively develop products such as cargo transportation insurance and road cargo transportation carrier liability insurance, and looks forward to providing risk protection for more personnel in special positions.
\u3000\u3000 "The joint insurance industry of logistics enterprises, through insurance, suppresses the business fluctuation caused by uncertainty, which is not only conducive to the development of individual enterprises. In the long run, it plays a role as a booster for the protection of the rights and interests of employees, the stability of employment and the standardization and smoothness of the whole freight logistics. At present, Yuanbao has personal accident insurance to choose from. In the future, Yuanbao will join commercial insurance companies and mutual insurance companies for the logistics industry More targeted insurance development. " Zhang added.
In fact, there is still a gap between the supply of optional insurance products and the demands of practitioners.
The relevant person in charge of the business department of kayou zone told reporters, "truck drivers are classified as the sixth category of high-risk occupational groups in the insurance industry because of their high operation risk, and there has been less insurance coverage available. I hope that the subsequent insurance companies can provide truck drivers with all kinds of security products with high matching and high sex price ratio."
For example, Chen Guangdong said, "although I bought personal accident insurance myself, there are still many limitations in practice. I hope the insurance company can launch disability protection products for truck drivers in multiple operation scenarios."
Taking the actual situation of platform truck drivers as an example, the relevant staff of manbang group hope that the insurance company can launch more insurance for truck drivers, truly help truck drivers avoid property loss and freight loss, and provide more people-friendly personal security.
The person in charge of an express company in Beijing told reporters, "in fact, compared with grass-roots employees, express franchisees and small and micro transportation enterprises need personalized insurance products. Because enterprises need to bear the main responsibility of employment, once there are problems in employee safety and there are no insurance products, the business risk will be less controllable."
A franchisee of an express company in Wuwei City, Gansu Province said, "at present, we are insured for employer's liability insurance. According to the accident situation, we hope that the subsequent insurance companies can launch customized insurance products for vehicles (two wheeled vehicles and tricycles) and driving couriers and transported goods."
The market has a voice and the supervision has a response. The reporter learned from the Beijing Banking and insurance regulatory bureau that the Bureau will guide the insurance institutions within its jurisdiction to actively participate in the handling of occupational injury protection for employees with new employment forms in Beijing, and provide employees with death, disability, medical treatment, rehabilitation and other protection services related to occupational injury for takeout, real-time distribution, platform enterprise online car hailing, online hailing and delivery.
Dong ximiao believes that financial management departments should increase incentives for financial institutions to serve the freight logistics industry, such as reducing the capital cost of financial institutions through structural monetary policy tools; Relax the requirements of regulatory indicators, improve the tolerance of non-performing loans in the logistics industry, and establish the corresponding due diligence exemption system. Local governments should establish a risk sharing and compensation mechanism to digest the non-performing loans in the logistics industry loans of financial institutions in a certain proportion. Government financing guarantee institutions should take logistics enterprises as important service objects. More importantly, in the case of multi-point spread of the epidemic, we should speed up the adoption of appropriate policies, eliminate "one size fits all" measures, ensure the work and life of logistics enterprises, truck drivers and express brothers, and create a normal and orderly environment for the sustainable development of freight logistics enterprises.
