Guo Shuqing’s speech on private enterprises will increase the annual loan by 1.43 trillion yuan.

Private entrepreneurs like gift packages! Guo Shuqing’s speech loan will not be lower than this number.

Reducing the financing difficulties of private enterprises is a hot spot in the near future. After Yi Gang, the governor of the People's Bank of China, said that he would use the "three arrows" to support private enterprise financing, another supervisory supervisor expressed his position.

On November 7, Guo Shuqing, chairman of the China Insurance Regulatory Commission, in an interview with the Financial Times reporter, proposed the goal of new loans for private enterprises: “One Two Five”:

Among the new corporate loans, large banks have no less than one-third of loans to private enterprises, and small and medium-sized banks have no less than two-thirds. After three years of competition, the banking industry’s loans to private enterprises account for new companies. The proportion of loans is not less than 50%.

Then, if the goal of “not less than 50%” is achieved, how much credit support can private enterprises receive?

The Daily Economics reporter noted that Guo Shuqing also mentioned another data in an exclusive interview: According to incomplete statistics, private enterprise loans account for 25% of the current banking loan balance.

On this basis, the reporter used the data of the “non-financial enterprise and government group loans” (mainly corporate loans) published by the central bank as the base to estimate that after the “50% share”, the new loans to private enterprises will be More than 1.43 trillion yuan.

Private enterprises welcome credit support "big gift package"

On November 7, Guo Shuqing, chairman of the China Insurance Regulatory Commission, said in an interview with the Financial Times that according to incomplete statistics, private enterprise loans accounted for 25% of the current banking loan balance, while the private economy’s share of the national economy exceeded 60. %. The loans that private enterprises receive from banks and their proportion in the economy are still not matched and incompatible.

Recently, Wang Zhaoxing, vice chairman of the China Insurance Regulatory Commission, revealed that as of the end of September this year, the balance of loans to private enterprises has reached 30.4 trillion yuan.

The central bank data showed that the balance of corporate loans (non-financial enterprises and government group loans) was 85.63 trillion yuan. Based on this estimate, private enterprise loans account for about 35% of corporate loans.

Guo Shuqing revealed that the initial consideration of loans to private enterprises should achieve the goal of “one two two five”, that is, in the new corporate loans, the loans of large banks to private enterprises should not be less than 1/3, and small and medium-sized banks should not be lower than 2/3, after three years of competition, the banking industry's loans to private enterprises accounted for no less than 50% of new corporate loans.

After achieving the goal of “not less than 50%”, how many large-scale loan support can private enterprises receive each year?

According to the central bank's calibre, non-financial companies and government group loans increased by 7.11 trillion yuan in the first three quarters of this year. According to the static estimation of the above ratio, the new loans to private enterprises will increase by 1.07 trillion yuan in three quarters, and it is expected to increase by about 1.43 trillion yuan in the whole year.

"This goal is to provide a buffer period for the requirements of new loans. It also takes into account the differentiation of different banks, including the bank's location and positioning. It has different requirements for large banks and city commercial banks. I think it is a comparison. Practical and operational. Previously for small and micro enterprises, the main reason why banks did not dare to grow up was information asymmetry. Nowadays, based on the improvement of big data and intelligent risk control, banks are increasingly emboldened to do these services. A city business person told the daily economic journalist.

Wu Wen, a senior researcher at the Bank of Communications Financial Research Center, told the Daily Economics reporter that

It should be said that the policy will stimulate the banking industry to further increase the lending of private enterprises, and the bank loan structure will further sink. Since the beginning of this year, the investment of banks in the field of small and micro-civil enterprises has gradually increased. The investment of banks in the field of small and micro-civil enterprises also has many preferential policies. On the one hand, there is a large demand in the small and micro market, on the other hand, under the guidance of policies, it can also have its own profits. Positive impact, but information asymmetry will still affect the enthusiasm of bank development.

Under the guidance of a new round of policies, high-quality private enterprises will be stronger and stronger, and more likely to be favored by banks. Banks themselves need to increase their use of big data and financial technology to effectively reduce the risks caused by information asymmetry.

"The increase in credit for private enterprises depends on the bank's own capital constraints, and the second depends on the credit needs of private enterprises." Dong Xiwei, a senior researcher at the Chongyang Financial Research Institute of Renmin University of China, told reporters that "one two five" should serve as a guiding goal. It should not be used as a mandatory plan. It is especially important to adhere to the principle of marketization. Specific projects and loans should be determined by market participants according to their own capital capabilities and actual needs, avoiding “not daring to lend” and “unwilling to lend” to “grabbing loans” and “hard”. Give money."

Relieving the difficulty of financing private enterprises and launching new policies

In the near term, it is the policy focus to ease the financing difficulties of private enterprises. On October 22, Premier Li Keqiang presided over the State Council executive meeting to deploy issues based on supervision findings and corporate concerns to further promote the implementation of the business environment policy; decided to set up private enterprise bond financing support tools to help ease corporate financing in a market-oriented manner. difficult. On November 2, the Business Management Department of the People's Bank of China issued 20 measures to further guide financial institutions to support Beijing Private and Xiaowei by setting up a rediscount amount of 7 billion yuan, adding a rediscount window, and guiding the establishment of private enterprise bond financing support tools. Enterprise Development.

Guo Shuqing pointed out in the interview that since the beginning of this year, the financial management departments have continued to exert their strengths in five aspects: “stable”, “reform”, “extension”, “teng” and “down”. As of the end of the third quarter, 18 major commercial banks averaged small and micro enterprises. The interest rate was 6.23%, which was about 0.7 percentage points lower than that in the first quarter. Urban commercial banks and rural small and medium-sized financial institutions were reduced by 0.28 and 0.85 percentage points respectively. The average interest rate of Internet banks such as Weizhong Bank for small and micro enterprises fell by 1%.

Guo Shuqing also said that the China Insurance Regulatory Commission raised the goal of “two increases and two controls” for small and micro enterprise loans at the beginning of the year. The “two increase” refers to the single-person credit totaling of less than 10 million yuan (including) small and micro enterprise loans growth rate is not lower than the year-on-year growth rate of various loans, the number of loans is not lower than the same period of the previous year; "two control" It refers to the reasonable control of the comprehensive cost and loan quality of small and micro enterprises. As of October, the banking industry has completed the goal of “two increases and two controls”. The total amount of credit for small and micro enterprises has been continuously improved, and the credit structure has been optimized.

Dong Xiwei told the Daily Economics reporter that

A series of measures recently introduced by the central bank and the Banking Regulatory Commission are specific measures to implement the speech of the General Secretary at the private enterprise symposium. In the short term, it will help stabilize the confidence of private enterprises and stabilize market expectations.

In the face of downward pressure on the economy, the risk appetite of the banking industry is declining, the rate of increase in social financing is declining, and private enterprises are particularly affected. In this context, some measures are necessary and can play a certain role in the short term.

In the medium and long term, it is necessary to explore some long-term mechanisms, such as further expanding the tax reduction and fee reduction, reducing the cost of private enterprises, optimizing the business environment, and allowing private enterprises to truly develop.

Wu Qi, a senior researcher at Pangu Think Tank, pointed out to reporters that

Increasing the credit supply of private enterprises is the focus of recent policies, but there are also many problems in private enterprises, such as insufficient qualified collateral, high risk of default, low technical level, irregular management, and imperfect information disclosure. Moreover, banks are also constrained by capital adequacy ratios, non-performing loan ratios, liquidity and credit scale. These factors all constrain banks to increase credit supply.

Therefore, on the one hand, we must give certain preferential policies in terms of capital adequacy ratio, non-performing loan ratio, agreed credit scale and popularity, and guide commercial banks to increase credit supply, and focus on supporting private enterprises and small and micro enterprises; through credit enhancement, risk compensation, etc. The method supports private enterprises to issue debt financing, promotes investment funds, public fundraising products, etc. to invest in high-quality listed companies and optimize corporate financing structure.

On the other hand, it creates a good technological innovation and market business environment for business operations. At the same time, we will further promote the reform of the discharge management service, and strengthen the main position of the enterprise by relaxing access restrictions, improving government efficiency, optimizing enterprise services.

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