On March 28, the Shanghai Banking and Insurance Regulatory Bureau issued the “Notice on Doing a Good Job in the Seamless Renewal of Loans in Shanghai Banking Industry” (hereinafter referred to as the “Notice”) to promote the incremental expansion of seamless loan renewal methods and reduce the number of small, medium and micro enterprises. Comprehensive financing costs to achieve seamless connection between loan maturity and loan renewal.
The “Notice” proposes the overall goal of “100 billion”. In the first phase, 15 pilot banks within the jurisdiction will be selected for key promotion, and the demonstration effect will be formed in the entire jurisdiction to expand the scope of promotion. That is to say, strive to achieve a seamless loan renewal increment of 10 billion yuan in the first phase, achieve a seamless loan renewal increment of 100 billion yuan in the whole jurisdiction in about a year, and help market entities to save about 1 billion yuan in costs. Long-term mechanism for loan renewal.
At the same time, the “Notice” also proposes that it is necessary to effectively increase the ratio of “inclusive non-repayment loan renewals to the number of due loans, inclusive non-repayment loans “The amount of principal repayment and renewal of the loan accounts for the proportion of the loan amount due” to expand the coverage of renewing loans without principal repayment. The seamless loan renewal work focuses on promoting the loan renewal business without principal repayment. On the basis of maintaining the bottom line of risk, it supports the banking financial institutions within its jurisdiction to strengthen the innovative development and promotion of loan renewal products. The financing of small, medium and micro enterprises will be seamlessly connected, and the matching of financial supply and demand will be improved.
In response to the pain points and blocking points of loan renewal for small, medium and micro enterprises, the “Notice” proposes the “Three Zero Principles”, that is, in line with the credit management requirements of various banks and the risk controllable Under the premise, “zero threshold application, zero fee processing, zero cycle loan renewal”, the focus is to treat customer applications equally, and to achieve seamless loan renewal processing.
The “Notice” also encourages the expansion of the coverage of market entities for loan renewal. During the pilot period and promotion period, eligible small and micro enterprises are the main entities for loan renewal without principal repayment. On the basis of controllable risks, domestic banking financial institutions provide corresponding services for medium-sized enterprises in need, including “specialized, specialized and new” enterprises and technology-based enterprises.
In terms of supporting mechanisms, the “Notice” proposes a number of management measures, including the implementation of “positive list” + “negative list” management to ensure seamless loan renewal methods. To support and serve the real economy, especially small, medium and micro enterprises with excellent growth potential and good reputation, they should continue to do so; strengthen the management of “positive incentives” + “due diligence and immunity”, highlight the incentives for seamless loan renewal business, and set scientifically Tolerance of non-performing loans for seamless renewal of loans, guide and encourage grassroots to do practical work; implement “annual review system” + “spot check system”, strengthen the management of the whole process of credit, effectively control risks, and prevent hidden risks; carry out “industry self-discipline” + “branding” “Cultivation”, strengthen publicity and guidance, transmit the measures of benefiting enterprises and people to a wider range of financial consumers, and do a good job in supply and demand connection, so that more small, medium and micro enterprises can havesense of gain.
Shanghai Banking and Insurance Regulatory Bureau stated that it will continue to strengthen supervision and guidance, improve the supervision and assessment system for small and micro loan renewal business, and will continue to strengthen the supervision and assessment system of small and micro loan renewal business. For the risks caused by objective reasons in the process of loan renewal, we will further improve regulatory tolerance, increase coordination, and optimize policy expectations.