The China Banking and Insurance Regulatory Commission held a recent briefing (video conference call) on epidemic prevention and control work and financial support for economic and social development, proposing that a policy will be introduced in the near future to temporarily postpone the repayment of principal and interest on loans to small and micro enterprises, further alleviate the difficulties of enterprises, especially private and small and micro enterprises, and provide precise financial services for epidemic prevention and control, resumption of work and production, and development of the real economy. 2020 epidemic enterprise loan policy, how to apply for epidemic enterprise loan? The meeting stressed the need to continue to provide strong financial support to support economic and social recovery and development, place greater emphasis on supporting the recovery and development of the real economy, focus on the implementation of the support policies that have been issued, continue to guide banking and insurance institutions to increase support, actively connect and guarantee the reasonable capital needs of enterprises, provide precise financial services for epidemic prevention and control, resumption of work and production, and development of the real economy, while resolutely maintaining the bottom line of risk. According to statistics from industry associations, as of now, banking and insurance institutions and industry associations have donated a total of 2.5 billion yuan, banking financial institutions have provided credit support of more than 1 trillion yuan to fight the epidemic, and insurance companies have donated risk insurance coverage of 15.7 trillion yuan. |
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