According to the National Bureau of Statistics, from January to February, total profits of industrial enterprises above designated size reached 410.07 billion yuan, a year-on-year decrease of 38.3%.

Policy headlines

CBRC: Strengthen financial support for core companies in the industry chain

On March 26, the CBRC issued the “Notice on Strengthening the Cooperative Resumption of Financial Services in the Industrial Chain and Resumption of Financial Services”, stating that under the premise of compliance with laws and regulations and controllable risks, qualified banking financial institutions can explore innovation Financial service products in the industrial chain, research and development of financial products for large core enterprises in e-commerce platforms, logistics and other fields.

Banks that mainly rely on Internet operations can use big data risk control technology to strengthen online loan support for private small and micro enterprises on the industrial chain, and encourage large and medium-sized banks and policy banks to strengthen their cooperation with such banks in accordance with the principles of marketization and rule of law Business cooperation. (Daily Economic News)

Statistical Bureau: The profits of industrial enterprises above designated size fell by 38.3% from January to February

The National Bureau of Statistics released news that from January to February, the total profits of industrial enterprises above designated size reached 410.07 billion yuan, a year-on-year decrease of 38.3%. From January to February, state-owned holding companies achieved total profits of 146.54 billion yuan, a decrease of 32.9% year-on-year; joint-stock enterprises achieved a total profit of 315.88 billion yuan, a decrease of 33.6%; foreign and Hong Kong, Macao and Taiwan-invested enterprises achieved total profits of 796.3 100 million yuan, down 53.6%; total profits of private enterprises reached 120.83 billion yuan, down 36.6%. (Official website of National Bureau of Statistics)

Zhong Nanshan: I do n’t expect a second peak in the domestic epidemic situation

Will there be a second outbreak in the country? Academician Zhong Nanshan said in an interview: “I don’t think there will be a second peak in the domestic epidemic situation. Based on China’s mass prevention and control, new cases may be confined to very small populations. I don’t believe we are so strong Under strong measures, there will be a big outbreak. “(CCTV News)

Industry News

CCB and Hubei Provincial Development and Reform Commission carry out special financing docking work

Recently, the Construction Bank and the Hubei Provincial Development and Reform Commission have set up a special fund of 120 billion yuan for comprehensive financing to strengthen project construction, make up for shortcomings and stabilize investment, and strongly support resumption of production and economic recovery and development, A series of financial service measures such as tilting the loan scale, optimizing the approval process, expanding financing channels, and implementing preferential interest rates were launched.

As of March 19, a total of 38.7 billion yuan of loans had been disbursed, and nearly 6.6 billion yuan of epidemic-related loans had been disbursed, which directly supported more than 700 key enterprises to fight the epidemic and resume production, and provided 63 spring ploughing-related farming companies Nearly 1.1 billion yuan of loans were invested. (Financial Times)

Four markets in Hubei help small and medium-sized enterprises solve their “thirsty”

In order to actively respond to the epidemic situation and serve market participants, Wuhan Equity Custody Trading Center opened an online consulting and business processing channel for the entire business chain in time before resuming work, providing customers with equity custody, Business consultation and handling of transfer, listing, financing, and member services ensure the stable operation of the platform and the normal functioning of service functions during epidemic prevention and control.

Recently, the center has successfully handled equity pledge financing business for its custodian enterprise customers through its online service platform, assisted it in registering the pledged equity, and successfully obtained 701 million yuan in financing. (Shanghai Securities News)

“Silver Tax Interaction” in Wuxi, Jiangsu, expanded and upgraded 240,000 enterprises Enjoy the favorable policies

In view of the difficulties faced by enterprises, especially private enterprises and small and micro enterprises, in the process of resuming work and resuming production, the Wuxi Municipal Taxation Bureau has joined the Wuxi Banking and Insurance Supervision Bureau and the Wuxi Local Financial Supervision Bureau. The “Bank-Tax Interaction” credit policy was expanded and upgraded to ensure that related companies enjoy “unsecured, pure credit, non-contact” financial services. (China News Network)

CITIC Bank: Support “New Infrastructure” Give credit to credit scale and authorization

CITIC Bank will actively support these “new infrastructure” industries in terms of credit policy. These industries enjoy preferential treatment and preferences within CITIC Bank, including cost and authorization expansion. At the same time, it is necessary to find good corporate cooperation in the industry. Good equity investment opportunities, participate under the premise of controllable risks. (Shanghai Securities News)

China Everbright Bank’s “cross-border financial blockchain service platform” export financing reached 790 million yuan

Since participating in the pilot work of the cross-border financial blockchain service platform developed by the State Administration of Foreign Exchange, Everbright Bank has provided a total of 142 export financing to 38 companies through the platform, with a total amount of 790 million yuan. (Zero One Finance)

The United Nations recommends Alipay’s blockchain application “Ant Dual Link” to the world. a>

Today, the United Nations Sustainable Development Goals Digital Finance Working Group released its latest report.

The report pointed out that digital technology has great potential in the epidemic, and the organization also recommended Ant Financial’s application of “ant dual-link” to the world. According to Ant Financial, the platform is based on the development of blockchain technology and is used in supply chain finance to support SME suppliers to apply for loans from banks using receivables from large enterprises to help them cope with tight funding during the epidemic. . (Eurnet)

Other activities

President Liu Xiaolei, Guanghua Finance Department of Peking University: The financing model is expected to change after the epidemic >

Liu Xiaolei, head of the Guanghua Finance Department of Peking University, pointed out in a report entitled “Looking for Financing Models After the Epidemic” that after the epidemic, large enterprises themselves will also face financial constraints, and the delays in the accounts of large enterprises will be more serious, while small Micro-enterprises will face a more scarce liquidity problem. Solving receivables financing will be an important way to solve the financing difficulties of small and micro enterprises.

Liu Xiaolei believes that the past financing models did not pay attention to asset credit for deep reasons, and the digital transformation and upgrading promoted by the epidemic will help solve this problem fundamentally. (Daily Economic News)

Standard Chartered: China has matured the conditions for lowering the benchmark deposit interest rate. It is expected to reduce 25 basis points in April.

Standard Chartered Bank economists Lan Shen and Shuang Ding pointed out in the report that given China ’s weak first-quarter data, lower inflation, and the global economic recession, China ’s conditions for reducing the benchmark deposit rate have matured. It is expected that In April it was revised down by 25 basis points. (Zero One Finance)

Weak sales end Pressure on the capital chain of small and medium-sized real estate companies

In 2019, the real estate sales market has been facing great downward pressure, with the epidemic impact of the beginning of 2020 superimposed, the sales end will be under greater pressure. Recently, listed real estate companies successively announced their 2019 performance reports, showing that many of them have seen their debt ratios rise in 2019.

Combined with the 2019 performance report, in the case of the industry’s strong Hengqiang, large-scale housing enterprises have more prominent advantages in financing, and the current financial situation of small and medium-sized housing enterprises is still facing a greater test. (Economic Reference)

“Specialized and special new” key enterprises will receive financial and taxation and credit support

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The resumption rate of “specialized and special new” SMEs in Hunan, Sichuan and other places has reached over 98%, and the specialized and special new “little giant” enterprises have basically resumed work.

The “Guidelines for Supporting Small and Medium-sized Enterprises to Cope with the New Coronary Pneumonia Epidemic Situation” issued by the Ministry of Industry and Information Technology clearly states that financial and tax support and credit support for key protection enterprises should be increased. (Securities Daily)

Inner Mongolia exempts some small and medium-sized enterprises from property tax and urban land use tax < / p>

Inner Mongolia Autonomous Region ’s new crown pneumonia epidemic prevention and control headquarters released news that from January 1, 2020 to the month when the epidemic in Inner Mongolia was lifted, the transportation and postal industry, accommodation and catering industry, residential services and other service industries Small and medium-sized enterprises in industries such as culture, sports and entertainment, education, health and social work, tourism (including travel agencies and related services, and management of tourist attractions) are exempt from property tax and urban land use tax. (China News Network)