Delayed repayment of mortgages and credit cards... Enshi issued "17 Articles" on financial services to fight against the epidemic

On February 10, the Enshi Prefecture Central Branch of the People's Bank of China, the Enshi Supervision Branch of the China Banking and Insurance Regulatory Commission, and the Enshi Prefecture Local Financial Work Bureau jointly issued the "About Forwarding

The notice proposes that our state encourages banking institutions to reduce costs and rates, and provide half of the fiscal interest discount to key enterprises that produce, transport and sell key medical prevention and control materials and daily necessities, including small and micro enterprises. To ensure that the corporate loan interest rate is lower than 1.6%, for enterprises related to epidemic prevention and control and small and medium-sized enterprises with financial difficulties, the original loan interest rate will be increased or decreased by at least 5%. In 2020, the comprehensive financing cost of inclusive small and micro enterprises decreased by 0.5 percentage points. A green channel will be opened to ensure that funds are given priority to meet the emergency funding needs of enterprises in the state that are directly or indirectly involved in epidemic prevention and related health and epidemic prevention, medicine and equipment production, construction, and material transportation. For enterprises that have been greatly affected by the epidemic and have temporarily encountered difficulties but have development prospects, especially small and micro enterprises and private enterprises, we will not blindly withdraw, terminate or suppress loans, and actively adopt loan extensions, loan renewals without principal repayment, and exemption of loans. Penalties and other measures. Actively promote government financing guarantee institutions at all levels to cancel counter-guarantee requirements and reduce or waive guarantee fees. For small and micro enterprises severely affected by the epidemic, the guarantee rate will be reduced to less than 1%.

Delay mortgage and credit card repayment deadlines. For people who have temporarily lost their source of income due to the epidemic, the repayment deadlines for personal loans such as housing mortgage loans and credit cards will be reasonably postponed. Fully consider the impact of the epidemic, study and formulate the adjustment identification standards and processing procedures for four types of special overdue credit records, and rationally adjust the submission of four types of special overdue credit records. During the epidemic prevention and control period, the tolerance level should be appropriately increased for overdue records of information subjects involved in the fight against the epidemic. Establish a "green channel" for handling credit objections during special periods.

Improve the efficiency of fund payment for epidemic prevention and control and establish convenient channels for foreign exchange and cross-border business. Appropriation of epidemic prevention and control funds, simplifying business processing procedures, building a "green channel" for epidemic prevention and control appropriation, implementing "special handling of special matters, handling them as they come, handling first and then replenishing", and simplifying the accounts of enterprises producing epidemic prevention materials and scientific research. Regarding the account opening process, service fees for transfers, remittances, cash withdrawals, etc. from charity accounts or special epidemic prevention accounts are encouraged to continue to be reduced or exempted. For the purchase and payment of foreign exchange for the import of epidemic prevention and control materials that does not comply with current regulations but has a real transaction background, each financial institution can communicate with the local foreign exchange bureau in advance to handle the business in advance and complete the purchase and payment within 20 working days from the date of purchase and payment. Report to the local foreign exchange bureau. For genuine and legitimate import purchases and payments of epidemic prevention and control materials, the business process and review materials will be simplified, and the foreign exchange purchase and payment procedures will be directly handled with payment instructions.

Source: Yunshang Enshi