Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Ensuring Effective Work on Credit Loans and Boosting the Quality and Effects of Services for the Real Economy
Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Ensuring Effective Work on Credit Loans and Boosting the Quality and Effects of Services for the Real Economy
Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Ensuring Effective Work on Credit Loans and Boosting the Quality and Effects of Services for the Real Economy
Yin Bao Jian Ban Fa [2018] No.76
August 17, 2018
All banking regulatory bureaus and insurance regulatory bureaus, all policy banks, large-sized banks, joint-stock banks, postal savings banks, financial asset management companies, and all insurance group (holding) companies, insurance companies, insurance asset management companies and professional insurance agencies,
To thoroughly implement the decisions and arrangements of the Central Committee of the Communist Party of China and the State Council, and better combine efforts in preventing and resolving financial risks and actions in serving the real economy, efforts must focus on smoothing the conduction mechanism for monetary loans, enabling the finance to serve the real economy with better quality and higher efficiency, promote stability in employment, finance, foreign trade, foreign investment, investment, and expectations, and realize the virtuous circle of the real economy and finance, when effective efforts are maintained for the tough battle of preventing and resolving financial risks. Relevant requirements are hereby notified as below.
I. Further smoothing the conduction mechanism for monetary policies and satisfying effective financing demands of the real economy. Reasonably determine the length of maturity and the mode of repayment, according to the cycle of production, construction and sales activities of enterprises and the industry characteristics, appropriately increase the proportion of long- and medium-term loans, and set reasonable assessment indicators, so as to avoid the situation where enterprises will face financial strains within the same period, particularly at the month or quarter end, when loans intensively mature. Financial support may be offered continually to those enterprises that meet credit conditions but are temporarily in business difficulties, rather than taking back loans or discontinuing loans blindly.
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