New Regulation of Banking Regulatory Bureau on Extension of Epidemic Loan
Yes, commercial banks will extend the loan according to the instructions of China Banking Regulatory Bureau.
Legal basis:
Notice of the General Office of China Banking and Insurance Regulatory Commission, China on Further Improving Financial Services for Epidemic Prevention and Control
1. Providing financial services and supporting enterprises to resume work and production
(1) Fully supporting epidemic prevention and control enterprises to expand production capacity. Focusing on the needs of epidemic prevention and control, we will do our best to do a good job in key areas of health care such as therapeutic drugs and vaccine research and development, as well as financing support for related enterprises such as important material production, transportation and logistics. Make full use of the central policy, set up a special mechanism, fully authorize and actively connect, reduce financing costs, provide preferential interest rates and quality financial services, and support enterprises to restore production capacity and expand production. Encourage insurance institutions to provide accident, health, old-age care, medical care and other preferential insurance services for staff in the front line of epidemic prevention and control according to their own conditions.
(2) provide comprehensive services for enterprises affected by the epidemic to resume work and production. All banking institutions should plan ahead, grasp enterprise information in time, optimize the credit process, reasonably extend the loan term, effectively reduce fees and interest rates, and support the affected enterprises to resume production and operation in an orderly and efficient manner. Encourage insurance institutions to support enterprises seriously affected by the epidemic to tide over temporary difficulties by reducing fees and making profits and moderately delaying the payment of premiums. Encourage banking and insurance institutions to actively expand their service areas, give full play to their own advantages in payment and settlement, financing planning, production and marketing support and other fields, and provide value-added services such as featured products, professional consultation, financial management and information technology support. Focusing on major national strategies, we will accurately support projects that have an important driving role in macroeconomic and regional development. Increase manufacturing loans and strengthen supply chain financial services.
(3) actively help small and micro enterprises and individual industrial and commercial households in trouble. Do a good job in the service docking and demand investigation of small and micro enterprises and individual industrial and commercial households within their jurisdiction, and actively help small and micro customers who have temporarily encountered difficulties due to the epidemic and still have good development prospects by adjusting repayment and interest payment arrangements, moderately reducing loan interest rates, and improving the connection of extension and renewal of loans. Increase the inclination of internal resources in inclusive finance, increase the "first loan rate" of small and micro enterprises and the proportion of credit loans, and further reduce the comprehensive financing cost of small and micro enterprises. We will increase the expansion of corporate property insurance, safety production liability insurance, export credit insurance and other businesses to provide more protection for the production and operation of small and micro enterprises.
(4) increase financial support for spring ploughing and spring planting. According to the characteristics of epidemic prevention and control in rural areas, we actively meet the needs of basic financial services in rural areas through online and offline methods. Increase the intensity of agricultural loans, and fully guarantee the demand for credit funds for agricultural and sideline products production and spring ploughing and agricultural materials supply. Encourage local banking institutions to establish a rapid response mechanism for agricultural products (5.791%, -1.16% and -1.13%) to support the supply and price stability of agricultural products during the epidemic. Support insurance institutions to steadily expand the variety of agricultural insurance, expand the coverage of agricultural insurance, and stabilize the production and operation expectations of agricultural breeders and farmers.
second, strengthen the application of science and technology, and innovate the way of financial services
(e) improve the efficiency of online financial services. All banking and insurance institutions should actively promote online business, strengthen the management and guarantee of online banking, mobile banking, small programs and other electronic channels, optimize and enrich "non-contact service" channels, and provide safe and convenient "at home" financial services. On the premise of effectively preventing and controlling risks, we will explore the use of video connection, remote authentication and other scientific and technological means, and explore the development of off-site verification, underwriting and signing, so as to effectively make loans as fast as possible and compensate as soon as possible.
(6) Strengthen offline supporting services and publicity and guidance. For customers who are not used to using online business, we should provide targeted financial services and provide convenient services such as automatic expiration and renewal of time deposits, and staggered pension withdrawal. Improve the service function of self-service machines and tools, enlarge fonts, simplify pages, strengthen guidance, and reduce unnecessary counter business handling. Banking institutions should reasonably keep all kinds of offline services such as self-service machines that customers are familiar with, and effectively restore or provide alternative services if they have been revoked.
Concentrate on the hard times, and the Bank of China is in action to fight against the epidemic.
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China Taibao volunteer team provides services such as traffic guidance and emergency rescue.
China Taibao volunteer team provides services such as traffic guidance and emergency rescue. The epidemic situation in novel coronavirus has touched people's hearts, and fighting it with all one's strength has become a common knowledge in the whole country. The financial industry responded positively and made every effort to go to war. The donor institutions continued to climb and the morale continued to rise. In addition to donating money and materials, major financial institutions have upgraded and refined relevant financial services in combination with their own advantages, contributing to the prevention and control of the epidemic and helping the endurance. Concentrated action, an iron fist of unity and determination to overcome difficulties will eventually win the battle against the epidemic.
Epidemic situation is the command, and prevention and control is the responsibility. Recently, the People's Bank of China, the Ministry of Finance, China Banking and Insurance Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the Notice on Further Strengthening Financial Support for the Prevention and Control of Pneumonia in novel coronavirus, indicating that the spirit and work arrangements of the Central Committee's notice on winning the prevention and control of the epidemic should be earnestly implemented, and financial support for the prevention and control of the epidemic should be strengthened.
since the outbreak of the epidemic, various financial institutions have responded quickly to the "epidemic". As the vanguard of the financial industry, the banking industry is actively taking action, opening a green channel for finance, producing loans of more than 111 billion yuan, helping the development of small and micro enterprises and constantly helping to fight the epidemic with stronger financial services. The insurance industry has also given full play to its professional advantages, providing over one trillion insurance coverage for "retrograde people", actively expanding insurance liability and completing a number of new cases of coronary pneumonia claims; The trust industry explores the establishment of a special charity fund, and takes advantage of its own resources and shareholders to participate in the fight against the epidemic in various ways.
banks open the financial green channel
as the vanguard of the financial industry, the banking industry has launched various actions to fight the epidemic in an orderly manner.
Not only Chinese banks took active actions, but also foreign banks in China and Taiwan-funded banks in mainland China responded positively to the initiative. Besides donating money and materials, more than 111 foreign banks and Taiwan-funded banks also issued a number of measures to provide quality financial services for epidemic prevention and control.
For example, HSBC takes advantage of the global network to deploy and purchase anti-epidemic materials from home and abroad to improve the quality of materials procurement; Standard Chartered Bank gives full play to its network advantages and business expertise, closely coordinates multiple teams of Standard Chartered Singapore and South Korea, and helps China enterprises to urgently purchase materials needed for anti-epidemic overseas.
Bank of East Asia, Hang Seng Bank and Fubon Huayi Bank have adopted a number of preferential policies for epidemic prevention and control, such as exempting epidemic-related donations, medical purchase remittances and business fees for customer transfer and wealth management in Hubei, adjusting the upper limit of system payment, opening up green approval channels, and providing comprehensive credit to epidemic prevention and control enterprises; JPMorgan Chase provides financial support for purchasing anti-epidemic materials and supporting medical staff and patients' families.
Secondly, in addition to financial assistance, banking financial institutions actively increase credit support by adopting emergency loans and special loans to fully protect the financing needs of epidemic prevention enterprises.
according to the data of the association, as of February 4th, the loans issued by the banking industry for epidemic prevention and supporting related enterprises have exceeded RMB 161 billion. At the same time, the loan interest rates of many banks for inclusive small and micro enterprises in Hubei Province have been lowered by 1.35 to 1.5 percentage points on the basis of the existing interest rates.
Among them, the National Development Bank provided 24.9 billion yuan in credit support for fighting the epidemic; China Agricultural Development Bank and The Export-Import Bank of China's credit support for fighting the epidemic totaled 11.167 billion yuan; Six large state-owned commercial banks established diplomatic relations between workers, peasants and postal stores provided credit support for fighting the epidemic totaling 34.862 billion yuan; 12 joint-stock banks, such as China Merchants Bank, China Everbright Bank and Xingye, provided 56.437 billion yuan in credit support to fight the epidemic. 34 city commercial banks and private banks provided special credit of 17.198 billion yuan for epidemic prevention and control; The national rural credit cooperatives provided credit support of RMB 17.316 billion to related enterprises.
for example, Wuhan rural commercial bank issued "twelve measures to do a good job in epidemic prevention and control and strengthen financial services", and arranged a special credit line of 3 billion yuan to issue loans for medical equipment and epidemic prevention and control.
Thirdly, in order to ensure the efficient and timely transfer of funds in a special period, many banks have also established "green channels" for financial services such as credit and remittance for related enterprises, and allocated special personnel and special offices to ensure that relevant funds can reach the epidemic areas in the first time.
For example, since the outbreak, CCB has opened a green channel for credit approval for a number of related enterprises, and Shanghai Pudong Branch of CCB has quickly completed the approval of 25 million yuan working capital loans for related enterprise customers such as agricultural and sideline products through special affairs and urgent affairs, under the coordination of various departments, and ensured the supply of "vegetable basket" products for the people; At the same time, it took only two days to complete the issuance of a working capital loan of RMB 1 billion, which met the needs of UIH to expand production and sent two CT equipment of the enterprise to Wuhan Huoshenshan Hospital at the first time.
through the green channel of cross-border financial services, Industrial Bank has purchased masks, imported disinfection equipment, disinfection towels and other protective materials for many enterprises in Beijing, Shanghai, Hainan, Anhui, Heilongjiang and other provinces and cities around the world, and provided extremely convenient financial services, so that medical protective materials can be put in place as soon as possible.
According to incomplete statistics, during the Spring Festival, the bank has handled cross-border payment of medical supplies for more than ten enterprises, with a total amount equivalent to more than RMB 12 million.
finally, considering that the epidemic has caused a great impact on the economy in a short period of time, and brought severe tests to small and medium-sized enterprises with weak risk coping ability, banking financial institutions have made concerted efforts to respond to the government's call and actively help the development of small and micro enterprises affected by the epidemic through differentiated financial services, including:
First, optimizing the loan exhibition mode. In view of the wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries that are greatly affected by the epidemic, as well as enterprises that have development prospects but are temporarily trapped, many banks have indicated that they will not lend, cut off loans, and suppress loans, and actively give full support through extension, non-repayment of loans, credit restructuring, and reduction of overdue interest. For example, Shanghai Pudong Development Bank has designed an exclusive business plan of "renewing loans without repayment of principal" for Wuhan customers, and enterprises can complete the loan renewal without reverting the loan principal. After the loan renewal, the loan term will be extended by one year, and the most favorable interest rate will be given to the borrowing enterprises.
the second is to lower the interest rate of corporate loans. In order to reduce the impact of COVID-19 epidemic on small and micro enterprises in Hubei province and enhance their vitality, many banks, such as Agricultural Bank, China Construction Bank, Bank of Communications and Bohai Bank, have indicated that the operating loans for inclusive small and micro enterprises, individual industrial and commercial households and private entrepreneurs in Hubei province will be reduced by 1.5 percentage point on the basis of the existing interest rate, so as to reduce the financing cost of small and micro enterprises. Zhejiang E-commerce Bank stopped lending and kept lending for 1.5 million small shops in Hubei and 311,111 small shops in medicine, and cut interest by 11%.
Insurance companies have completed a number of claims for new coronary pneumonia
After the outbreak, various insurance institutions acted quickly, donating a lot of money and materials to key areas, and donating insurance to medical staff to help fight the epidemic.
On February 4th, the first batch of medical materials donated by Taikang arrived in Thunder God Mountain hospital ahead of schedule, including 11,111 pieces of isolation gown and 21,111 pieces of other medical materials, with a total cost of 4 million yuan, which will be delivered in batches. As of February 5th, Taikang Insurance * * * donated RMB 31 million, RMB 11 million and special insurance for medical staff in Wuhan, and donated 211,111 life insurance for the first batch of nearly 711 journalists who fought in the front line of epidemic prevention and control.
On February 4th, Huaxia Insurance's "Liuliguang Epidemic Prevention Insurance Donation Plan" was officially launched, providing 21 million customers and 511,111 front-end and back-end business partners with a guarantee amount of 211,111 yuan per person free of charge, with a cumulative insurance amount of 4 trillion yuan and an insurance period of 91 days.
As of February 5th, China Dadi Insurance has donated exclusive insurance for traffic police in Hubei, Shanghai and other places and journalists fighting against the epidemic, with an accumulated insurance coverage of nearly 5 billion yuan. Recently, China Dadi Insurance donated exclusive insurance protection to 1,211 traffic policemen of the Traffic Police Corps of Shanghai Public Security Bureau. For the traffic policemen who died of novel coronavirus infection, each person was compensated 511,111 yuan, and each person was compensated 1 million yuan for accidental injuries, with a total insured amount of 721 million yuan.
second, actively expand insurance liability. In addition to donations, materials and insurance, the insurance companies also actively responded to China Banking and Insurance Regulatory Commission's call, and the good news of expanding insurance liability came constantly.
On February 3rd, the Life Insurance Department of China Banking and Insurance Regulatory Commission issued a notice, requiring all life insurance companies to optimize the existing product claims standards and appropriately expand their insurance liabilities.
Nearly 41 insurance companies, including Ping An Life Insurance Company of China, New China Life Insurance, Sunshine Life Insurance, Zhujiang Life Insurance, Kunlun Health Insurance, Junkang Life Insurance, Changan Liability Insurance, etc., released the news of insurance liability expansion one after another according to the needs of the epidemic.
On February 4th, Ping An Life Insurance Company of China announced that it would provide 11 million free places for the "E-Road Ping An Insurance Plan". This insurance plan expands the liability of "Ping An Le Traffic Accident Injury Insurance", and on the basis of the original product liability, expands the liability for paying compensation for novel coronavirus's pneumonia. According to the extended liability of insurance, if the insured dies or is disabled due to pneumonia in novel coronavirus, he can get a maximum compensation of one million yuan. The insurance plan covers people aged 1-65, and the insurance period is 91 days.
On February 5th, New China Life Insurance announced that IKEA Baohe Anxin Insurance products plan to extend the insurance liability to death and disability caused by novel coronavirus on the basis of the original insurance liability. In addition, Sunshine Life completed the first extended claim for critical illness insurance on February 4th.
China Life said that as of February 1, the company * * * had found 126 customers suspected or diagnosed as novel coronavirus, involving 13 provinces. And the claims of 8 sick customers and frontline anti-epidemic personnel have been completed, including 5 in Hubei, 1 in Zhejiang, 1 in Guangdong and 1 in Inner Mongolia. Hubei Branch paid more than 861,111 yuan of insurance money to three customers, and the fastest compensation case took only 2 hours from contacting customers to receiving insurance money.
Taiping Life Insurance, a subsidiary of China Taiping, has also quickly completed the medical insurance claims for 4 cases of pneumonia involving novel coronavirus infection, with a total compensation of RMB 1.265 million. At present, 132 people have received the "Medical Worry-Free" insurance donated by China Taiping to medical staff in Wuhan, and 2 cases of medical staff in a hospital in central hospital of wuhan and Wuhan have been settled quickly, with a price of 51,111 yuan each, which has sent a ray of insurance care to the frontline medical staff fighting the epidemic.
By the evening of February 3rd, China Ping An's insurance companies had completed 13 cases of novel coronavirus claims, with a total amount of compensation exceeding 741,111 yuan, all of which were done online, thus avoiding personnel going out and communicating.
As of February 1, China Taibao * * * received a report from 42 life insurance customers of 15 branches, and completed the first single death insurance on the same day, which took only 15 minutes. At the same time, China Taibao Property & Casualty Insurance Hubei Branch quickly launched a green claim channel for Chinese herbal medicine enterprises suffering from drought losses, and reached a claim agreement of 5.98 million yuan in just two days, and paid 5 million yuan in advance on October 21th.
set up a special charitable trust
*** war epidemic, letter