Ministry of Finance: Finance at all levels has allocated 66.74 billion yuan, and the funds for epidemic prevention and control are guaranteed.
Yu Weiping, Vice Minister of Finance (photo by Liu Jian)
Yu Weiping, Vice Minister of Finance, said at the meeting that as of 5 pm on February 6, financial departments at all levels had allocated 66.74 billion yuan for epidemic prevention and control, and the actual expenditure was 28.48 billion yuan. Among them, the central government allocated 654.38+0.709 billion yuan, mainly including: 5.7 billion yuan for epidemic prevention and control, including 654.38+0.8 billion yuan for Hubei Province, a key epidemic area; The funds for basic public health services and basic epidemic prevention and control are 9.95 billion yuan; Scientific research funds and material reserves have also been fully arranged. At present, the funds for epidemic prevention and control in various places are guaranteed, and the central government is also continuing to do a good job in ensuring funds and managing and making good use of funds according to the development trend of the epidemic and the needs of prevention and control.
Ministry of Finance: COVID-19 patients' personal expenses are covered by finance.
Yu Weiping introduced that as of February 6, the Ministry of Finance and relevant departments have introduced more than ten fiscal and tax support measures. Clarify the patient's treatment expenses, provide financial support for the personal expenses of the diagnosed patients, and the central financial subsidy is 60%; For suspected patients, medical treatment places should formulate financial subsidy policies, and the central government should give appropriate subsidies as appropriate.
The three measures ensure that the policy focuses on epidemic prevention and control, and help enterprises to resume work and production.
Yu Weiping introduced that on February 5th, the the State Council executive meeting specially studied and deployed the issue of "ensuring supply". According to the deployment of the the State Council executive meeting, a series of discount and preferential tax policies have been issued to support enterprises producing epidemic prevention materials and help them to return to work.
First, discount interest. The discount policy is mainly to increase financial support for key enterprises in the prevention and control of material security, support the recovery and expansion of production capacity, and fully guarantee the supply of materials. The Ministry of Finance, together with the People's Bank of China and other relevant departments, implemented the special refinancing and financial discount policy for the first time.
Secondly, regarding the purchasing and storage policy, in order to encourage enterprises to increase the production of key medical protective materials in short supply, such as N95 masks, such as protective clothing, etc. All the key medical prevention and control materials produced by enterprises are purchased and stored by the government, which gives these enterprises a reassurance.
The third aspect is the policy on taxes and fees, such as the supply of materials. On the one hand, it is to give preferential treatment to key enterprises to expand their production capacity, to give preferential treatment to enterprises producing key materials for epidemic prevention and control, and to return the incremental value-added tax in full, which is to increase the cash flow of enterprises. Cancel the limit of unit value of 5 million yuan, allow the production equipment purchased to expand production capacity to be deducted once before enterprise income tax, and encourage enterprises to purchase equipment to expand production capacity. Exempt from registration fees for relevant epidemic prevention drugs and medical devices, and increase support for drug and vaccine research and development.
In addition, in order to speed up the timely delivery of prevention and control materials, enterprises that transport key materials for epidemic prevention and control are exempted from VAT. There are also tax and fee policies to help related industries. In order to control the spread of the epidemic, many places have taken some control measures, which have a great impact on people's livelihood industries such as transportation and life services. This time, for industries that are greatly affected by the epidemic, such as transportation, catering, accommodation, tourism, express delivery, civil aviation and other industries, giving tax concessions such as value-added tax and corporate income tax is to help enterprises tide over the difficulties.
The tax and fee policy also encourages donations from all walks of life. In order to encourage people from all walks of life to donate money and materials, and alleviate the financial pressure of medical aid materials, on the one hand, we will strengthen the existing policy, expand the scope of units accepting donations, and allow direct donations to hospitals to enjoy preferential treatment. At the same time, the pre-tax deduction ratio limit is abolished, and the full pre-tax deduction is given to corporate and individual donations. On the other hand, policies such as value-added tax and consumption tax on goods donation are exempted. In addition, temporary work subsidies and bonuses for medical personnel and epidemic prevention personnel who participate in epidemic prevention and control work are exempt from personal income tax.
Yu Weiping said that in the next step, we will also follow up the implementation of the policy, study the policy plan in time for some outstanding problems reflected by various parties, ensure that the policy focuses on epidemic prevention and control, and help enterprises resume their work and production.
Central Bank: For enterprises that encounter temporary difficulties due to the epidemic, we will not blindly lend, cut off or suppress loans.
Pan, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange (photo by Liu Jian)
Pan, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said at the meeting that enterprises experiencing temporary difficulties due to the epidemic should not blindly borrow, cut off loans or suppress loans.
Pan said that the People's Bank of China has set up a special refinancing loan of 300 billion yuan, implemented preferential loan interest rates, and strengthened financial support for key enterprises of important medicines and living materials. Continue to increase financial support for small and micro enterprises, private enterprises, manufacturing and other key areas, increase credit loans and medium and long-term loans, and reduce comprehensive financing costs. For enterprises that encounter temporary difficulties due to the epidemic, they should not blindly draw loans, cut off loans or press loans.
Pan said that on February 3rd and 4th, the People's Bank of China launched an open market operation beyond expectations, and accumulated liquidity of10.7 trillion yuan in two days, so as to keep liquidity in the banking system reasonably abundant in the special period of epidemic prevention and control, and sent a signal to strengthen countercyclical adjustment to stabilize market expectations.
Pan said that after the sharp adjustment of the stock market and foreign exchange market on the first day of opening, the stock market has stabilized and rebounded in the past few trading days, and the RMB exchange rate is still characterized by ups and downs and small fluctuations in both directions. All these indicate that China's financial market is more resilient, and China's financial market is gradually maturing.
There are sufficient resources to cope with the rising non-performing rate of small and micro enterprises.
Liang Zhou, vice chairman of the China Banking Regulatory Commission, said at the meeting that the NPL ratio of inclusive small and micro enterprises in 20 19 was 3.22%, which was 1 percentage point lower than that in 20 18. Objectively speaking, the epidemic has had a certain impact on small and micro enterprises, especially the accommodation, tourism, catering and other industries. We predict that the non-performing loan ratio of small and micro enterprises will rise. However, judging from the operation of the whole financial system, the banking industry resolved 2.3 trillion non-performing assets last year, and the non-performing loans of small and micro enterprises accounted for a relatively small proportion. In addition, the provision coverage ratio of the banking industry has reached more than 65,438+0.80%, and there are sufficient resources to cope with the increase of non-performing loans. The epidemic is temporary, and judging from the resilience and elasticity of China's economy, it will not have a great impact on finance.
For the people affected by the epidemic: flexible adjustment of housing mortgage and credit card repayment arrangements
Liang Zhou said that banks should give appropriate preferential policies to the people affected by the epidemic, such as flexibly adjusting the repayment arrangements of mortgage loans and personal credit of credit cards, and insurance institutions should give priority to paying COVID-19 patients.
Liang Zhou said that in order to ensure the safety and smoothness of financial services, the China Banking Regulatory Commission required bank insurance institutions to disinfect and clean all bank outlets to ensure safety. On the other hand, reasonable business hours should be arranged to ensure the stable operation of basic financial needs and key facilities, especially to encourage the role of the Internet, reduce the number of times people go to physical outlets to handle affairs, and facilitate the masses.