To meet the reasonable financing needs of private real estate enterprises, the central bank needs to accurately implement differentiated housing credit policy opinions | Financing | Pan Gongsheng | People's Bank of China | Policy | Support | Finance | Enterprises
On August 3rd, Pan Gongsheng, Secretary of the Party Committee and President of the People's Bank of China, presided over a symposium on financial support for the development of private enterprises, listened to relevant opinions and suggestions, promoted the integration of supply and demand between banks and enterprises, and studied measures to strengthen financial support for private enterprises. The main leaders of private enterprises such as Yili Group, Hongqiao Group, Longhu Real Estate, Chint Group, New Hope Group, Xuhui Real Estate, Midea Real Estate, Red Bean Group, and some financial institutions, as well as the Interbank Market Dealers Association, attended the symposium. Liu Guoqiang, member of the Party Committee and Vice President of the People's Bank of China, and Zhang Qingsong attended the meeting.
At the symposium, the heads of 8 private enterprises introduced their financing situation, reflecting that the financing costs of enterprises have steadily decreased in recent years, and the financial support has been stable. At the same time, they expressed their hope to further expand bond financing channels and other demands. Industrial and Commercial Bank of China and China Construction Bank have stated that they will effectively leverage the leading role of state-owned banks, enhance the stability of private enterprise loans, expand the coverage of credit for small and micro enterprises, and support the underwriting and issuance of private enterprise bonds. The Interbank Market Dealers Association has stated that it will continue to increase the support of private enterprise bond financing tools to serve private enterprises, accelerate bond market innovation, and meet the diversified financing needs of private enterprises. Pan Gongsheng carefully listened to everyone's opinions and suggestions, inquired in detail about the implementation of various financial policies, and had in-depth exchanges and discussions with everyone on some bottlenecks and difficult issues. He also made on-site responses to some of the opinions and suggestions.
Pan Gongsheng emphasized that the private economy is an important achievement of the development of socialist market economy and an important force in promoting economic and social development. Supporting the development of private enterprises is the responsibility of the financial sector, and it is also an important part of the supply side structural reform of finance. In recent years, the People's Bank of China has resolutely implemented the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, adhered to the "two unwavering principles", issued a series of policy measures, and worked together with financial institutions to promote the continuous increase, expansion, and price reduction of financing for private enterprises, fully promoting the growth, optimization, and strength of the private economy.
Pan Gongsheng pointed out that the People's Bank of China will conscientiously implement the requirements of the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy", accurately and effectively implement a prudent monetary policy, maintain reasonable and sufficient liquidity, strengthen the coordination and coordination of financial, fiscal, industrial and other policies, and guide more financial resources to flow into the private economy. Develop and issue guiding documents on financial support for private enterprises, promote commercial banks to optimize their internal control management systems, do a good job in policy promotion and interpretation, and strengthen the promotion of typical experiences. Support local governments to proactively solve the problem of outstanding corporate accounts. Promote the expansion and increment of private enterprise bond financing support tools, and strengthen financial market support for the development of private enterprises.
Pan Gongsheng requested that financial institutions actively create a favorable atmosphere to support the development and growth of private enterprises, improve their risk assessment capabilities, comprehensively review policy arrangements such as performance evaluation, business authorization, internal fund transfer pricing, and due diligence exemption, optimize incentive mechanisms for serving private enterprises, and enhance loan willingness, ability, and sustainability. We need to have a deep understanding of the financial needs of private enterprises, respond to their concerns and demands, do a good job in coordinating financing between banks and enterprises, and provide reliable, efficient, and convenient financial services for private enterprises. To accurately implement differentiated housing credit policies, meet the reasonable financing needs of private real estate enterprises, and promote the stable and healthy development of the real estate industry.
The main officials of the relevant departments and bureaus of the People's Bank of China and the State Administration of Foreign Exchange attended the symposium.
