According to the official website of the China Banking and Insurance Regulatory Commission on April 15, the CPC Central Committee and the State Council attach great importance to coordinating epidemic prevention and control and economic and social development. They are required to promote the smooth flow of international logistics in China, fully ensure the smooth transportation of freight logistics, especially important production and living materials, and maintain the stability of the industrial chain and supply chain. Recently, the China Banking and Insurance Regulatory Commission issued the notice on financial support for the smooth operation of freight logistics (hereinafter referred to as the notice). The notice puts forward specific requirements for all banking and insurance regulatory bureaus and bank insurance institutions to support the smooth work of freight logistics, mainly including eight aspects: improving ideological understanding, increasing financial support, helping key groups, improving service efficiency, innovating guarantee methods, strengthening insurance guarantee, ensuring capital safety and strengthening supervision and implementation.
The notice requires that all banking and insurance regulatory bureaus and bancassurance institutions should improve their political position, deeply understand the political and people-oriented nature of financial work, take the initiative to take accurate and effective measures, and effectively provide strong and effective support for promoting the smooth transportation of freight logistics. All banking institutions should make good use of the inclusive small and micro loan support tools and appropriately tilt the inclusive small and micro enterprise loans to transportation enterprises and individual industrial and commercial households. We should strengthen the care and assistance for truck drivers. Commercial banks, auto finance companies, enterprise group finance companies and financial leasing companies should reasonably extend, extend or renew loans to help truck drivers overcome the difficulties if they have temporary difficulties in repaying auto loans due to the epidemic. Banking and insurance institutions are encouraged to optimize the approval process according to the market-oriented principle, and open up a green channel for transportation enterprises with heavy tasks of epidemic prevention and control and emergency transportation. 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. Actively develop property insurance businesses such as cargo transportation insurance and road cargo transportation carrier liability insurance.
The notice emphasizes that all banking and insurance regulatory bureaus and bancassurance institutions should implement the relevant policy requirements. At the same time, actively promote and assist local governments to improve the loan risk compensation mechanism through risk reserves and interest discounts, so as to promote the steady development of financial business.
