The executive meeting of the State Council has determined measures to further reduce the actual interest rate of financing for small and micro enterprises

Li Keqiang presides over the State Council executive meeting

Determine measures to further reduce the real interest rate of financing for small and micro enterprises and decide to carry out a pilot project to deepen the comprehensive reform of financial services for private and small and micro enterprises.

Deploy support to expand intellectual property pledge financing and manufacturing credit to promote innovation and real economy development

Decided to expand the coverage of scholarships in higher vocational colleges, raise the standard of subsidies and establish national scholarships for secondary vocational education.

Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on June 26 to determine measures to further reduce the real interest rate of financing for small and micro enterprises, and decided to carry out a pilot project to deepen the comprehensive reform of financial services for private and small and micro enterprises; deploy and support the expansion of intellectual property pledge financing and manufacturing credit Investment to promote innovation and the development of the real economy; decide to expand the coverage of scholarships in higher vocational colleges, raise subsidy standards and establish national scholarships for secondary vocational education.

The meeting pointed out that in accordance with the deployment of the Central Economic Work Conference and the "Government Work Report", various measures have been taken for a period of time, and the financing costs of small and micro enterprises have decreased. In the next step, we must adhere to the implementation of a prudent monetary policy, maintain a moderate degree of tightness, and make timely pre-adjustments and fine-tuning in accordance with changes in the international and domestic situation, maintain a reasonable abundance of liquidity, and ensure that the real interest rate on loans to small and micro enterprises is further reduced. First, deepen the reform of interest rate marketization, improve the mechanism of commercial banks' loan market quotation interest rates, give better play to the guiding role of loan market quotation interest rates in the formation of real interest rates, and promote banks to reduce loan surcharges to ensure that the financing costs of small and micro enterprises are reduced. Second, support small and medium-sized enterprises through bonds, bills and other financing. Improve the supervision and assessment methods for commercial banks to serve small and micro enterprises, and improve the ability of banks to lend to small and micro enterprises. This year, the scale of financial bonds issued by financial institutions for small and micro enterprises will greatly exceed that of last year, and strive to reach more than 180 billion yuan. Third, the implementation of small and micro-enterprise financing guarantee fee reduction incentive policy, play the role of the national financing guarantee fund, reduce the re-guarantee rate, guide the guarantee fee standard to further reduce. The meeting also decided that the central government will adopt the method of rewards and subsidies to support some cities to carry out a three-year pilot project to deepen the comprehensive reform of financial services for private and small and micro enterprises, and expand the financing scale of private and small and micro enterprises, improve convenience, and reduce financing costs., Improve the risk compensation mechanism, financial service innovation and other aspects to explore, guide more financial resources to support small and micro.

In order to support innovation and development, strengthen the protection and utilization of intellectual property rights, and promote the expansion of employment, the meeting called for supporting the expansion of intellectual property pledge financing, so as to broaden the access to loans for enterprises, especially private small and micro enterprises and "mass entrepreneurship and innovation" enterprises, and promote the alleviation of financing difficulties. Guide banks to the intellectual property pledge loan separate credit plan and special assessment incentives, the non-performing rate is higher than the non-performing rate of loans within 3 percentage points, may not be used as a regulatory and assessment deduction factors. At the same time, the meeting called for adjusting and optimizing the loan structure and guiding the increase of credit in manufacturing and service industries. Encourage large banks to improve the loan assessment mechanism and set up special incentives to ensure that the balance of all manufacturing loans, medium-and long-term loans and credit loans this year is significantly higher than the previous year.

In order to promote the improvement of the quality of human resources and cultivate more skilled talents, the meeting decided to increase the number of national scholarships for higher vocational colleges from 5000 to 15000 starting this year in conjunction with the expansion of higher vocational enrollment; the coverage of national inspirational scholarships will be increased to 3.3%; the coverage of national grants will be expanded to 23.7%, the average subsidy standard will be increased from 3000 yuan per student per year to 3300 yuan, and the subsidy standard for undergraduate college students will be raised simultaneously. At the same time, a national scholarship for secondary vocational education will be set up to reward 20000 students every year starting from this year according to the standard of 6000 yuan per student per year. The above-mentioned policies treat all kinds of vocational colleges, including public and private institutions, equally.

Information source: Shandong Provincial Government website

He Yang/Organizing