Currently, Shanghai is in a critical period of economic recovery and development, in order to stabilize the economic fundamentals, Shanghai launched a heavy measures. 29 May, the Shanghai Municipal Government issued "Shanghai to accelerate the economic recovery and revitalization of the action plan" (hereinafter referred to as the "action plan" or "50"), **** including eight aspects of 50 measures!
Shanghai Municipal Government Deputy Secretary General, Director of the Municipal Development and Reform Commission, Hua Yuan in the afternoon of the 29th Shanghai epidemic prevention and control press conference, said that this round of the "Action Program" proposed policy measures, superimposed on the 21 policies issued by the municipal government at the end of March, it is expected that the annual market will be burdened with various types of funds to reach more than 300 billion yuan.
Quan Heng, secretary of the party committee and researcher at the Shanghai Academy of Social Sciences, told China Business News that the "50" measures are all-encompassing policies related to the re-engineering of Shanghai's urban functions, as well as high-quality, medium- and long-term development of the economy, rather than simply providing relief.
Shanghai Macroeconomic Society President Wang Sizheng told the first financial, for the "50 articles", the industry and the academic community **** the same feeling is that this policy is a broad coverage. Shanghai was seriously injured in this epidemic, in the context of the local financial pressure is not small, "21" and then push "50" is not easy.
Wang Sizheng said, in the "21" on the basis of pushing "50" is timely, but also has a strong target, respectively, for Shanghai's economic characteristics, in the industry, foreign trade, foreign investment, consumption and other areas of the proposed a lot of different from the previous "21" of the policy. In addition, the operability is shown in some details, for example, proposed the reduction of port demurrage.
June 1, a comprehensive and orderly resumption of production and market
The main content of the action program can be roughly divided into "four plates": all-out efforts to help enterprises to alleviate the difficulties of the resumption of production and market, stabilize foreign investment and foreign trade, promote consumption and investment, and strengthen the support of the guarantee.
Shanghai Municipal Committee Standing Committee, Executive Vice Mayor Wu Qing said at the meeting, the resumption of work and production, the resumption of business resumption of the market is the current various types of enterprises are very concerned about the problem. In response to the resumption of work and production of card points and blocking points, put forward classification guidance, dynamic revision of the resumption of work and production of resumption of epidemic prevention and control guidelines, the abolition of unreasonable restrictions on the resumption of enterprise resumption of work and production of resumption of the city, the abolition of enterprise resumption of work and production of the examination and approval system on June 1, expanding the scope of subsidies for the prevention of disease and elimination of enterprises, the establishment of the Yangtze River Delta industrial chain of supply chain mutual insurance mechanism, smooth domestic and international logistics and transportation channels and other policies and measures, to support the various industry sectors resumption of work The company has been able to steadily increase the rate of enterprises reaching production by resuming production and resuming the market.
Weighing that large, medium and small enterprises are currently facing the problem of industrial chain supply chain elements flow, so this "50 articles" is not a simple point of relief, but through a single enterprise to point with the chain, the chain with the surface to solve the problem, the whole industrial chain to recover, which is both the need for internal circulation, but also the need for double cycle. This is not only the need for internal circulation, but also the need for double circulation.
Specifically, the Action Plan, to promote the resumption of work and production to resume the main support and services to strengthen the resumption of work and production of enterprises to resume the market, smooth domestic and international logistics and transportation channels.
For example, it is proposed to categorize and guide, dynamically revise the epidemic prevention and control guidelines for the resumption of work and production in various industry sectors, and cancel unreasonable restrictions on the resumption of work and production by enterprises. The city linkage to strengthen the enterprise staff return to work, logistics protection, upstream and downstream convergence and other aspects of the resumption of work and production services, supervision and guidance of enterprises to do a good job of epidemic prevention and elimination, employee health management, support for the establishment of enterprises to combat the epidemic of the emergency response system, to ensure that the resumption of work and production after the resumption of production of the city epidemic prevention and control and production safety measures are in place.
Support automotive, integrated circuits, biomedical and other manufacturing enterprises to lead the chain, the realization of the industrial chain supply chain upstream and downstream enterprises collaborative resumption of work, and steadily improve the rate of production. Gradually promote the resumption of work and production in wholesale and retail, finance, transportation and logistics, real estate, construction and other industries, seize the agricultural season to promote the resumption of work of various types of agricultural production units, and orderly promote the resumption of work of catering, residential services, culture, tourism, exhibition and other personnel-aggregated industries after conditions are met. The establishment of the Yangtze River Delta industrial chain supply chain mutual insurance mechanism, *** with the supply of strong chain.
Wu Jincheng, director of Shanghai Municipal Commission of Economy and Information Technology, said at the meeting that the next stage will be introduced one after another to help enterprises to alleviate the difficulties of the policy, so that the main body of the enterprise to benefit from, and accelerate the recovery of the industry chain supply chain resilience and competitiveness. Including comprehensively promote the resumption of work and production, the implementation of various initiatives to benefit enterprises, and accelerate the landing of major industrial project investment in three areas.
"From June 1, the city entered a comprehensive and orderly resumption of work and production back to the city, to restore normal production and life order stage, will cancel the approval and audit of the resumption of work and production of enterprises, to serve all types of enterprises to resume the reasonable demand for resumption of work and production, to promote the industrial parks, office buildings, etc. to speed up the full resumption of work, warehousing and logistics, such as the productive and professional services enterprises should be resumed to resume as much as possible, to support all the Meet the requirements of epidemic prevention enterprises equally resume work and production, for the majority of small and medium-sized micro-enterprises as soon as possible to resume work and production in full and actively create conditions for the resumption of business employees to commute to and from work." Wu Jincheng said.
In terms of the implementation of various initiatives to benefit enterprises, Wu Jincheng introduced the Shanghai implementation of state-owned enterprises to reduce or waive the rent of small and micro-enterprises and individual entrepreneurs for six months, which will benefit more than 90,000 market players, and is expected to reduce or waive the rent of about 14 billion yuan. At present, Shanghai Tobacco Group, Shanghai Telecom, China Guangdong Nuclear and other central enterprises in Shanghai actively responded to the development of rent reduction program, Lingang Pujiang International Science and Technology City, automotive new energy port, the city's Industrial Comprehensive Development Zone, and a number of industrial parks are being pushed forward the implementation of specific programs.
The Action Program shows that small and medium-sized enterprises and individual industrial and commercial households that rent state-owned housing to engage in production and business activities are exempt from submitting documents proving that they have been affected by the epidemic, and in 2022, they will be exempted from paying rent for six months of housing. For private non-enterprise units renting state-owned housing, operational difficulties, with reference to small and micro enterprises and individual business households in 2022 exempted from six months of housing rent.
"The most direct of the '50 articles' is still the rent reduction and exemption as well as social security reprieve." Pan Jing, chairman of Shanghai TiMi Robotics Co, told reporters.
Stabilizing foreign trade and foreign investment focus
The "Action Plan" in stabilizing foreign investment and foreign trade in the stabilization of foreign investment and foreign trade in the four major focuses, including support for the resumption of foreign-funded enterprises to resume production and operation, to effectively help foreign trade enterprises to alleviate the difficulties, and efforts to stabilize the expectations of foreign foreign-funded enterprises in foreign trade and foreign trade and confidence, and a better play of the role of the guidance of the special funds for foreign trade and foreign investment.
Kuen Heng said to the first financial, stabilizing foreign investment is the most important thing is to boost confidence, so the Action Plan is to do this year's multinational corporations regional headquarters development of special funds to declare the work of the early start, but also shows that Shanghai for the development of foreign investment attaches great importance to.
Including, in support of foreign-funded enterprises to resume production and operation, the Action Plan puts forward the establishment of key foreign-funded enterprises to resume work and production of the commissioner service mechanism, the implementation of special tracking service, to help key foreign-funded enterprises to solve the resumption of work and production, logistics and transportation, epidemic prevention materials and other outstanding issues, and effectively stabilize the development of foreign-funded enterprises expected. Guarantee the smooth progress of major foreign investment projects, enable the online service system of major foreign investment projects, city and district linkage, online and offline synergy, guarantee the talks, signing, and projects under construction to resume operation as soon as possible, and implement personal tracking service. Actively strive for a number of major projects to land as soon as possible. Support multinational companies to set up regional headquarters and foreign-funded R&D centers in Shanghai.
In terms of stabilizing the confidence of foreign-funded enterprises, the Action Plan clearly strengthens face-to-face communication with executives of foreign-funded enterprises, through multinational company executives' videoconferences, online roundtables for foreign-funded enterprises to communicate with the government and enterprises, etc., to proactively introduce the situation of epidemic prevention and control and strategies in Shanghai, fully listen to the opinions and suggestions of foreign-funded enterprises, and set up a normalized mechanism for consulting and problem solving. To help foreign-funded enterprises to solve practical problems, increase the headquarters of enterprises to visit and communicate, and effectively repair and revitalize the confidence of foreign-funded enterprises.
Huang Feng, president of the Shanghai Foreign Investment Association, told China Business News that according to the research done in May for foreign-funded enterprises in Shanghai, the progress of the resumption of work and production has made great progress compared with that of April, and the association also reported the specific problems reflected by enterprises to the Shanghai Municipal Commission of Commerce's foreign-funded enterprises resumption of work and production work team, and some of the problems have been solved. It is undeniable that the confidence of some foreign enterprises has been affected by the epidemic, especially foreign-funded small and medium-sized enterprises are facing greater difficulties, including poor logistics channels, cost pressures, and reduced orders.
Huang Feng said, "50" put forward the establishment of key foreign-funded enterprises to resume work and production of the commissioner service mechanism, as well as to increase the headquarters of the enterprise to visit the communication efforts and other policies, which can help repair and boost the confidence of foreign-funded enterprises. Next, it is suggested to focus on the challenges faced by foreign-funded small and medium-sized enterprises, and let them enjoy the enterprise-friendly policies as soon as possible, while paying attention to the difficulties of expatriates in their work and life, such as the establishment of a service mechanism for expatriates.
Weighing and balancing that in the field of foreign trade, the proposed increase in support for enterprises in the export tax rebates, credit insurance, help foreign trade enterprises to fulfill orders, the implementation of customs clearance facilitation measures, as well as encouraging the reduction and exemption of cargo storage fees, demurrage, and other specific rules, will reduce the actual pressure for foreign trade enterprises.
Financial assistance to enterprises to increase again
The announcement of the "50", involving the financial sector, including the strengthening of foreign trade enterprises policy financial support, encourage banks and other financial institutions to small and medium-sized micro-loans should be delayed as much as possible, the establishment of special loans for enterprise relief, to support the financial guarantee institutions to further expand the business of small and medium-sized micro-businesses. Financing guarantee institutions to further expand the scale of small and medium-sized micro business, encourage microfinance companies, pawnbrokers and other appropriate to reduce the loan interest rates, guarantee rates, pawn comprehensive rates and other financing costs, support more qualified asset management institutions to participate in the qualified foreign limited partner (QFLP) pilot and qualified domestic limited partner (QDLP) pilot, and so on.
The first financial reporter learned that a number of financial institutions have recently launched special measures to support the resumption of production, from increasing the seamless renewal of loan support, the opening of a credit green channel, increase the support of liquidity difficulties in the enterprise, to provide a deferral of debt repayment policy to alleviate the impact of the epidemic is more serious small and medium-sized micro-enterprises and people.
The Action Program specifically mentions the need to strengthen policy-based financial support for foreign trade enterprises. Such as increasing support for export credit insurance, expanding the coverage of small and medium-sized enterprises, optimizing the underwriting conditions for claims, opening an online channel for damage claims in the Shanghai Single Window, establishing a mechanism for deferring the payment of premiums and a mechanism for quick compensation and first payout, and making sure that everything is insured and compensated for as quickly as possible.
At the same time, for small and medium-sized enterprises that meet the conditions of "specialization, specialization, and innovation" and other conditions, on the basis of the original export credit insurance premium rate, the implementation of a phased reduction of no less than 10%, and to increase the support of policy financing; support the Shanghai branch of the Export-Import Bank of China to set up a special credit line for import and export business, the establishment of a rapid assessment channel, and actively use the policy preferential interest rate loans.
The first financial reporter learned that, in order to reduce the financing costs of small and medium-sized micro-enterprises, as the only national policy insurance company's Shanghai branch, China Credit Insurance Company Shanghai Branch in April in the Shanghai region to start the work of fee reduction. It is understood that this fee reduction benefits a wide range of support. Specialized special new "small giants" medium-sized enterprises and small and micro enterprises, in principle, the rate of fee reduction of not less than 10% and 15%, the rest of the small and micro enterprises to reduce the rate of not less than 10%.
The reporter also learned from the Export-Import Bank of China, Shanghai Branch, the bank's foreign trade enterprises for exports, imports, respectively, to set up 30 billion yuan, 20 billion yuan of special quota, and the foreign economic, inclusive finance two major areas, each set up 10 billion yuan of special quota; at the same time, in line with the scope of support for the focus of the enterprise, according to the corresponding demand for financial services, the establishment of a rapid review The company will also set up a special line of RMB 10 billion for each of the two major areas of external economic and financial services and inclusive finance.
In addition to the field of foreign trade, the "Action Program" also explicitly calls for increased investment in infrastructure construction, further expanding the field of private investment, encourage and attract more social capital to participate in municipal railroads, new infrastructure and a number of other major projects, and to encourage private investment to focus on urban infrastructure, such as through the integrated development model to participate in the construction of key projects.
At the same time, the implementation of social investment projects "land list system" reform, support to expand the scale of corporate bond declaration and issuance. Strengthening the linkage between the government and the banking sector, encouraging financial institutions to dock with key projects, increasing support for infrastructure construction and major projects, and providing preferential and convenient financing support. The urban areas have joined forces to increase support for "specialized, special and new" enterprises.
In addition, to further play the role of infrastructure real estate investment trusts (REITs), the implementation of the "Shanghai REITs 20" support policies, to promote more eligible stock of infrastructure projects issued REITs, selection of guaranteed rental housing projects to carry out REITS pilot, to support the revitalization of the stock of funds for new construction. Support the revitalization of the stock of funds for new projects.