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    Home > Chemicals Industry > China Chemical > The subsidized interest loan policy has entered a new stage and the focus of work has shifted to the implementation of equipment renewal and transformation

    The subsidized interest loan policy has entered a new stage and the focus of work has shifted to the implementation of equipment renewal and transformation

    • Last Update: 2023-01-05
    • Source: Internet
    • Author: User
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    【Chemical Machinery and Equipment Network Policies and Regulations】On November 22, the executive meeting of the State Council was held, and the package of policies and follow-up measures to stabilize the economy was fully implemented and effective, and the foundation for economic stability and upward progress was consolidated; It was decided to send a supervision working group to the local government to promote the effective implementation of the policies and measures already introduced in the early stage
    .
    The meeting clearly proposed to continue to pay close attention to the implementation of the fiscal and financial policies introduced in the early stage, and support the construction of major projects and equipment renovation
    .

     
    In September, People's Bank of China announced a special re-loan for equipment renovation to support financial institutions to provide loans
    for equipment renovation in manufacturing, social services, small and medium-sized enterprises, and individual industrial and commercial enterprises at an interest rate of no more than 3.
    2%.
    The special re-loan amount for equipment renovation is more than
    200 billion yuan.
    The distribution targets include 21 financial institutions
    , including China Development Bank, policy banks, state-owned commercial banks, Postal Savings Bank of China, and joint-stock commercial banks.

     
    After the introduction of the policy, the branches of the People's Bank of China in various places quickly mobilized and deployed, cooperated with the education and cultural tourism departments to carry out the initial screening and reporting of projects and the interaction between government and enterprises, and organized and promoted the docking of financial institutions within their jurisdiction with various project entities to complete the signing
    of project loans.
    Before the end of the National Day holiday, Tianjin, Guangdong, Fujian, Anhui, Qinghai and other places completed a number of equipment renovation loans
    .

     
    The meeting pointed out that fiscal and financial policies to support the construction of major projects and equipment renewal and transformation are important measures to promote investment and consumption, stabilize the economy and adjust the structure, the policy effect is emerging, there is still great potential, at the same time the situation in different places is different, due to a variety of reasons some of them are not in place, we must continue to pay close attention to implementation
    .

     
    In view of speeding up the implementation of equipment renewal and transformation, the meeting pointed out that on the basis of basically completing the signing of project loans, it is necessary to shift the focus of work to the issuance of special reloans and the allocation of financial discounts, and urge the use of funds to accelerate the purchase and transformation
    of equipment.
    At the same time, financial institutions will be guided to increase medium- and long-term loans for the manufacturing industry in accordance with the principle of marketization, and promote the upgrading and development of
    the manufacturing industry.

     
    Since the implementation of the special loan matching discount policy, all localities have responded positively, strengthened financing docking, promoted project signing, and basically solved
    the problem of "who to issue to the 200 billion yuan loan".
    The loan amount of each signed project is relatively large, and the funds need to be invested in installments, so the problem that needs to be solved in the new stage is to ensure that the 200 billion yuan loan can be "issued" and "used in practice" to truly use equipment renovation
    .

     
    The subsidized interest loan policy involves a total of four parties, the People's Bank of China, the financial department, the handling bank and the project entity
    .
    The 200 billion yuan loan is issued by the People's Bank of China to 21 handling banks, and then the handling banks sign loan contracts with the project entities with a loan interest rate of not higher than 3.
    2%, and the financial departments must discount the loans by 2.
    5 percentage points during the period when the project entities enjoy the fiscal discount policy
    .
    Therefore, accelerating the implementation of equipment renewal and transformation has requirements for all four parties
    .
    The People's Bank of China and the handling banks need to speed up the issuance of 200 billion yuan of loans to project entities, the financial departments need to allocate financial discounts in a timely manner, and project entities should purchase equipment as soon as possible after receiving the loans for renovation, and strive to "spend"
    the 200 billion yuan by December 31.

     
    Since September, major universities and hospitals have issued a large number of bidding announcements and purchased instruments and equipment
    in less than two months.
    The confidence formed by the procurement tide is China's emphasis
    on the implementation of the subsidized interest loan policy.
    With the acceleration of special re-loan issuance and financial discount allocation, the instrument market will usher in more procurement demand
    .
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