Origin: National new network
Couplet of joint defence of the State Council accuses a mechanism to held a press conference on April 3, vice-chairman of the Liu Guojiang of assistant president of Xu Hongcai of undersecretary of Ministry of finance, Central Bank, silver-colored meeting that keep watch Introduction Zhou Liang adds local government special debt dimensions and aggrandizement are right in support of finance of sex of benefit of general of small small company concerns a situation.
This second on the press conference, 3 big ministries and commissions concern chief to deposit money with respect to look of special debt enlarge, special national debt standard interest rate is adjusted, bank risk is prevented accuse, the problem of many sided heat such as next level monetary policy makes a response.
Look first content of news briefing point:
1, of 50% drop a mark that is the crisis match, so far global stock market drops about 25% , as to sequel whether possible meeting drops again 25% bad still to say.
2, in March economic norms relatively before two months improve apparently. Accordingly, epidemic situation is temporary to the influence of Chinese economy, china has rich tool and enough policy space to stabilize economy to grow.
3, suffer epidemic situation and effect of economic be issued to lower levels currently, in having a few a few problems also were accumulated on small bank history, for instance inside accuse processing of not perfect, company not to reach the designated position, face a few risks and challenge. The likelihood also can have " effervescent " , but have confidence and base number, master basically in us in, won't appear regional with systematization risk.
4, saving interest rate concerns with ordinary common people more direct, if let it enjoy interest rate, want to be evaluated adequately, consider the feeling of common people.
5, we won't let the market appear absolutely ' Qian Huang ' , of course money also does not want ' change wool ' , implementation M2 and social financing dimensions are added fast with nominal GDP add fast match basically and slightly a bit taller.
6, up to on March 31, countrywide each district is issued add special bond newly 1.08 trillion yuan, issue dimensions to grow 63% compared to the same period, predict to shift to an earlier date about 2.5 months are finished established issue the task. Add special bond newly this year to issue deadline on average 14.5 years.
7, shift to an earlier date again make known to lower levels is constant the local government of dimensions is special bond, according to " capital follows a project to go " principle, low, significant investment presses standard of much to priority discipline, risk the movement gives with large area tilt, accelerate major project and project of great the people's livelihood.
8, enlarge special bond scope of application appropriately, the country alone and listed, key supports major strategy project; In the meantime, increase town old old village transforms a domain, allow a place to cast wait for municipal facilities project to air feed of heat addition of education of cure of lash-up medical treatment, communal sanitation, profession, city, accelerate net of couplet of center of 5G network, data, artificial intelligence, content to wait for new-style infrastructure construction especially.
9, the proportion that increases special bond to regard major project capital as gold, increase drive action.
10, Wu of change to another post of canopy of scientific firm year, do not do " one knife is cut " , not layer upon layer next index, lift debt not blindly to lay the structure of an organization. Shanty town of the shanty town that splanchnic chaos differs old the city zone of key assault fortified positions and state-owned work mining area, forest zone, reclamation area.
At present epidemic situation concussion has not exceed 2008 financial crisis
The major information about and appraisal of an epidemic of arise suddenly causes tremendous effect to global economy, whether can this epidemic situation exceed to the concussion of global economy finance 2008 financial crisis?
To this, liu Guojiang thinks, although epidemic situation is right the impact of world economy is huge, but see concussion had not exceeded at present 2008. It is with the stock market exemple, since Feburary 24, each country stock market drops it is on average 25% , dropped during financial crisis 2008 be in about 50% the left and right sides.
"Of 50% drop a mark that is the crisis match, so far global stock market drops about 25% , as to sequel whether possible meeting drops again 25% bad still to say, uncertainty is bigger. " Liu Guojiang says, according to international Monetary Fund (IMF) newest forecast, global economy may appear 2020 negative growth, decline level may exceed the financial crisis 2008.
Liu Guojiang says, epidemic situation basically conducts from 3 channel to economic concussion apparent:
It is industrial catenary channel. The enterprise wants production, raw material does not deserve to go up, the likelihood has one part industry, enterprise not to come out with respect to production.
2 it is commerce channel. After production of some enterprises, some products comes out, sell do not drop, without order.
3 it is to expect channel, affect the person's mood, avoid danger mood is being strengthened, the market is in fluctuant.
Nevertheless, to China, the influence of epidemic situation is brief. Liu Guojiang expresses, from the limit of economic data change looks, in March economic norms relatively before two months improve apparently. Accordingly, epidemic situation is temporary to the influence of Chinese economy, chinese economy will continue to show extremely strong tenacity, china has rich tool and enough policy space to stabilize economy to grow.
Two ministries and commissions respond to the epidemic situation influence to system of Bank of China in detail
Epidemic situation besides having impact to hypostatic economy, also can affect the dovish sex of financial system. Nevertheless, on the press conference that day, the responsible average per capita of the Central Bank, silver-colored meeting that keep watch " phonate " think the integral risk of course of study of Bank of China can accuse.
Liu Guojiang says, short-term in light of, epidemic situation was caused to economy short-term bigger impact, partial trade impact is bigger, the risk can rise somewhat, also create constant pressure issueing change necessarily to bank credit asset. But taking one with another, banking whole loss of China absorbs ability stronger, the ammunition that the risk resists is enougher. Although some are silver-colored guild is sadder, but capable to come to its delay unship.
In be aimed at especially, small bank answers ability of epidemic situation percussive, zhou Liang expresses, current in small bank is overall move dovish, although bad assets rises somewhat, but the venture can control, main management index lies with superintendency index reasonable interval.
Week bright explanation says, come nearly 3 years, the silver-colored meeting that keep watch took a series of step, in be being driven sturdily, small bank deepens reform, be on guard dissolve a venture, basically did the following work:
It is focusing advocate duty advocate course of study. In be being turned round stoutly small bank deviate advocate the development pattern that pursues speed and dimensions course of study, blindly. To different ground management behavior has rigid standard.
2 it is perfect company processing. Do not reach the designated position to walking on duty, gravity investigates duty, correct undeserved walk on duty. Execute firewood to propose a toast delay pays, recover buckle time, aggrandizement drive and tie mechanism.
3 it is to optimize equity structure. Aptitude of partner of strict examine and verify, aggrandizement controls a person actually especially to partner " penetrable type " management, lawfully punish is violated compasses take up get generation of bank equity, equity bank financing, illegally to hold and use wrong step to operate the behavior of bank management.
"The silver-colored recently meeting that keep watch also was investigated a few in small orgnaization, the driver of president is large stockholder unexpectedly, still having baby-sitter even is large stockholder of a certain bank, so the disorder of equity is medium a question with small particularly big bank. " Zhou Liang says, in view of this, the silver-colored meeting that keep watch is strict aptitude of partner of examine and verify, aggrandizement controls a person actually to penetrate especially to partner the measure such as type management. Determined Qing Dynasty retreats problem partner, took superintendency step strictly lawfully, the right that limits him, illegal earning that confiscates him, instruct him to transfer equity, even till lawfully Qing Dynasty is retreated, adopted a series of penalize measure.
"We should be on guard cogently the large stockholder that in-house person perhaps says to break the law, regard bank finance orgnaization as drawing machine, this is absolutely cannot allow " . Zhou Liang says.
4 it is squeezing ramming each responsibility. The first still relies on bank oneself, main body responsibility must reach the designated position. Next, drive fulfil local Party committee and governmental responsibility. In small bank is main the place is managed, state-owned capital partner also should fulfil the place responsibility. Once appear risk, the place fulfils apanage risk to deal with even responsibility. The silver-colored meeting that keep watch regards finance as management department, must have performed superintendency duty.
"Since worked to superintend, cannot be afraid of malefactor, cannot become ' jackstraw ' . Should dare to superintend, be good at superintending, correct all sorts of irregularity to violate compasses act. " Zhou Liang says.
5 it is to enhance capital actual strength. Small bank is infuse capital, alterable in bearing high risk of ground direction portion show asset, perhaps note through firm of state-owned capital operation endowment means, small bank is compensatory in be capital. In the meantime, we are special also welcome to accord with a condition, the reform of small bank in the civilian battalion enterprise of actual strength and foreign capital orgnaization are participated in recombines in come.
6 it is to hold to classification to use strategy. Particular case is particular analysis, do not do " one knife is cut " , implement an one plan, one plan, divisional importance, hold good strength and rhythm, essence of orgnaization of high to minority risk is torn open definitely play.
7 it is to increase financial anti-corruption strength. Trade to a few money that get right, the illegal criminality that the interest carries is punished severely do not borrow, the person that lets dry evildoing pays heavy price.
Up to 2019 end, bad loan leads Chinese commercial bank 1.86% , far under the superintendency standard of 5% . Dial equipment to enclothe leading is 186.08% , loan loss prepares remaining sum to achieve 4.5 trillion yuan, should rise to fraction defective so this cushion rubber is enough. 2019, banking deals with bad assets 2.3 trillion yuan, canal of bank assets quality accuses method diversity.
Zhou Liang also expresses, suffer epidemic situation and effect of economic be issued to lower levels currently, in having a few a few problems also were accumulated on small bank history, for instance inside accuse processing of not perfect, company not to reach the designated position, face a few risks and challenge. The likelihood also can have " effervescent " , but have confidence and base number, master basically in us in, won't appear regional with systematization risk. In be opposite, small bank answers risk ability is special confident.
"The market is best specification, capital market maintained relative stability, bank share price is stabler, the capital on north begins to flow into Chinese stock market again recently. No matter take up a political career,plan level still is market level, still have from bank orgnaization whole expression looks, our banking is very dovish. " Zhou Liang says.
Do not let the market appear absolutely " Qian Huang " also do not allow money " change wool "
The State Council that holds before long before is standing the conference, the monetary policy that issues one phase was made clear directional fall accurate, increase 1 trillion rediscount to borrow money again wait for multinomial deploy. On today's press conference, liu Guojiang is made with respect to next Central Bank monetary policy solve in detail, involve 1 trillion rediscount to borrow money again specific use arrangement, deposit is fiducial whether is interest rate adjusted wait for heat problem.
Liu Guojiang expresses, will fulfilled the sex of benefit of 1 trillion general that adds newly to borrow money again rediscount, specific use policy will be released at the near future, accomplish and the policy in front is not had seam join, do not appear archives.
It is reported, compare at early days 500 billion borrow money again rediscount, 1 trillion yuan of specified numbers that increase newly are spent cover a range wider, basically have the following characteristic:
1, rediscount borrows money again before interest rate and this 500 billion consistent, capital cost still is 2.55%
2, the interest rate that in be opposite, small bank uses this capital to send finance of the benefit that put general to borrow money does not set upper limit to ask. Although encourage in small bank extends with favourable interest rate general benefit finance borrows money, but won't resemble 500 billion borrow money again rediscount in that way, formulary loan interest rate does not get prep above 4.55% ,
3, add newly 1 trillion borrow money again rediscount will be in 500 billion forehead spends early days use after ending, join again use. Up to on March 30, 500 billion forehead is spent in, accumulative total of bank of local legal person extends loan of favourable interest rate includes discount 276.8 billion yuan, supportive enterprise door several (contain farmer) it is three hundred and fifty-one thousand four hundred. Specific for, money of experience agriculture loans is 55.2 billion yuan inside this, increase advantageous position average interest rate 4.38% , general Hui Xiaowei borrows money 155.6 billion yuan, increase advantageous position average interest rate 4.41% , conduction discount 66.1 billion yuan, increase advantageous position average interest rate 3.08% .
The 300 billion epidemic prevention that rolls out as to Central Bank early days is special borrow money again, the forehead is spent adjacent also use end. Up to on March 30, the bank of local legal person of 9 national banks and 10 provinces city, extend to accumulative total of 5881 keys company favourable loan 228.9 billion yuan, average every enterprise obtains loan not to exceed 40 million yuan, interest rate increases advantageous position average be 2.51% , the Ministry of finance after 50% pay interest in the form of a deduction when selling a bill of exchange, the actual financing interest rate of the enterprise is about 1.26% .
In addition, whether should reduce deposit to what heat of near future market discusses be related of standard interest rate. Liu Guojiang response says, deposit is fiducial the stone pressing cabin that interest rate is interest rate system, this tool rate of exchange is special, use rise should consider many sided factor.
For instance prices, CPI is apparent now prep above a year period saving interest rate, saving interest rate is 1.5% , CPI is 5.3% ; Additional, also want to consider balance of economic growth, inside and outside, and interest rate is too low whether can increase the element such as devaluation pressure.
"Saving interest rate concerns with ordinary common people more direct, if let it enjoy interest rate, want to be evaluated adequately, consider the feeling of common people. So, as a whole, deposit is fiducial interest rate serves as a tool can be used, but should undertake more sufficient assessment. " Liu Guojiang says.
Liu Guojiang emphasizes, next level Central Banks will hold the strength of good monetary policy, key and rhythm. Alleged grading, it is early days epidemic situation is prevented control level, later is progressively answer of go back to work is produced, the go back to work that should enter chain of an entire industry now answer produce, whole economy is moved rise. Maintain liquidity reasonable and abundant, satisfy the requirement of the market adequately.
"We won't let the market appear absolutely ' Qian Huang ' , of course money also does not want ' change wool ' , implementation M2 and social financing dimensions are added fast with nominal GDP add fast match basically and slightly a bit taller. " Liu Guojiang says.
Optimize add special debt newly to cast to, rise to attach most importance to scale of gold of big project capital
Xu Hongcai introduces, since this year, the Ministry of finance shifts to an earlier date make known to lower levels the part added special bond forehead newly to spend 1.29 trillion yuan 2020. Up to on March 31, 2020, countrywide each district is issued add special bond newly 1.08 trillion yuan, occupy 84% , issue dimensions to grow 63% compared to the same period, predict to shift to an earlier date about 2.5 months are finished established issue the task. Each district is issued adding special bond newly to use what go up in the project is 825.5 billion yuan, occupy 77% what issue the specified number.
From cast all along to look, what each district issues is new add special bond, use at the traffic infrastructure such as traffic of railroad, orbit entirely, zoology environmental protection, aricultural irrigation works, municipal with the domain such as industrial garden area great infrastructure project is built; Each district is used at according with a condition the special bond dimensions of gold of major project capital makes an appointment with 130 billion yuan, drive social capital actively, enlarge significant investment.
From issue a circumstance to look, add special bond newly this year to issue deadline on average 14.5 years, among them 10 years period reach above long-term bond issues 933.1 billion yuan, occupy 86% , relatively annual was occupied 2019 than (34% ) increase 52 percent, as more as more reasonable than deadline as photograph of in former years, actual as the project time more match. Overall look, add local government newly it is better that special bond distributes use case.
On March 31, standing conference decides the State Council, becoming good earlier stage already on the foundation that special bond limitation sends make known to lower levels to use the job all right, clutch shift to an earlier date again by the program make known to lower levels is constant the local government of dimensions is special bond.
" this one arrangement is integrated actual project construction needed budgetary arrangement, place 2020 and special bond issues the element such as use plan to decide, near future Ministry of finance will clutch the make known to lower levels after performing relevant procedure " Xu Hongcai expresses, special this year debt more wanting that reflect progress of supportive economy society and epidemic situation to prevent control a demand, relatively before, main window and metabolic body are the following now 5 respects:
It is reasonable enlarge large-scale. Already shifted to an earlier date this year make known to lower levels increases special debt newly 1.29 trillion, add this again a batch of foreheads spend make known to lower levels, ahead of schedule make known to lower levels adds special bond dimensions newly to will be exceeded on year.
2 be issue and use plan to shift to an earlier date. Up to on March 31, countrywide each district is issued add special bond newly 1.08 trillion yuan, than last year the corresponding period grows 63% , add this to shift to an earlier date again make known to lower levels is constant the local government of dimensions is special bond, issue plan and capital to use plan to shift to an earlier date further, be helpful for increasing macroscopical policy to adjust strength, as soon as possible produces effect, to developing epidemic situation effect.
3 it is to hold to " capital goes with the project " . Low, significant investment presses standard of much to priority discipline, risk the movement gives with large area tilt, accelerate major project and project of great the people's livelihood.
4 it is to optimize capital to cast to, reflect epidemic situation to prevent accuse need and change of investment field demand. Use at project of environmental protection of irrigation works of project of traffic infrastructure, energy, aricultural, zoology, the people's livelihood in the key content of service, cold chain flows establishment, municipal with industrial garden area on the foundation of the 7 big fields such as infrastructure, enlarge special bond scope of application appropriately, the country alone and listed, key supports major strategy project; In the meantime, increase town old old village transforms a domain, allow a place to cast wait for municipal facilities project to air feed of heat addition of education of cure of lash-up medical treatment, communal sanitation, profession, city, accelerate net of couplet of center of 5G network, data, artificial intelligence, content to wait for new-style infrastructure construction especially.
5 it is the proportion that increases special bond to regard major project capital as gold, increase drive action. Special to be being added newly this year bond, allow a place to be in accord with policy sets and prevent the base that controls a venture to go up, increase the proportion of the gold of major project capital that is used at according with a condition appropriately, drive social capital to increase investment further, raise special bond fund pull a movement to use
"Early days Ministry of finance already coached jointly with relevant section and supervise and urge local in advance begins good preparation, develop a project ahead of schedule reserve, examine and verify, choose wait for the job. From at present local feedback circumstance looks, shift to an earlier date this again make known to lower levels is constant the local government of dimensions is special after bond, can fulfil a project to go up as soon as possible, predict to be able to form objective workload as early as possible, those who develop pair of economy is effective pull a movement to use. " Xu Hongcai expresses.
All directions face is on guard special debt risk
Xu Hongcai expresses, in better play special bond action while, should be on guard risk, basically consider from 4 respects:
The first, see effect early. Requirement each district according to in the center of ahead of schedule the forehead of make known to lower levels is spent, clutch issue. Strive for 2 quarters to issue end, and as early as possible appropriate arrives on the project, undertake the use of materiality, produce effect as early as possible. This falls in the circumstance that answers epidemic situation to be affected to economy currently, more pressing.
The 2nd, pick good item. The place wants to choose a project according to central affirmatory domain, want a priority discipline especially, pull a movement to be singled out with big project, and special demand local government, place is relevant sectional clasp, local government should bear a responsibility. Door of Ministry of finance, development reforms a branch, still have a few otherer the action that relevant section wants to develop his, had cooperated. After local government chooses the project to decide, should report for duty hair change appoint undertake with the Ministry of finance examine and verify guards a pass.
The 3rd, qualification closes compasses. When the place chooses project and examine and verify of the concerned branch central to guard a pass, ask all special bond projects must be qualification closes of compasses, must accord with special bond to run a condition. Want to be used at having the commonweal sex project of regular income that is to say, the project should have financing accrual to balance plan, ensure be on guard while project construction obtains actual effect risk.
The 4th, whole journey is superintended. According to the requirement that special bond penetrates type is superintended, whole journey dogs the situation that understands special bond to send exercise to use, discover the problem is rectified and reform instantly fulfil.
Governmental debt can accuse, special national debt issues will integrated consideration
To answer the negative effect of epidemic situation effectively, increase macroscopical policy adjusts and carry out strength, according to the Party Central Committee decision-making deploy, will increase finance deficit appropriately 2020 rate, issue special national debt, release the signal that makes clear actively to the society, consolidate and promote the market confidence, support achieves the goal that annual economy society develops. To governmental debt problem, xu Hongcai is responded to, the dimensions of debt of our country government these year a few increase, but addition scope can accuse. Up to 2019 end, debt of our country local government 21.31 trillion yuan, if be led with debt (debt remaining sum / integrated financial capacity) measure level of local government debt, ratio of local government debt was 2019 82.9% , under the cautionary level with current international. Add up to the administration debt by 2019 16.8 trillion yuan, the GDP data that publishs according to national statistic bureau is calculated, the indebted rate of countrywide government debt (debt remaining sum / GDP) for 38.5% , under the European Union the cordon of 60% , also mix under country of staple market economy level of rising market state.
Be led to increasing deficit appropriately and issue special national debt, xu Hongcai expresses, should need to submit to via the State Council by legal process countrywide National People's Congress discusses approval, specific plan will consider domestic and international economic situation, state integratedly the factor such as state of income and expenses of the need of macroscopical adjusting control, finance is certain.
Canopy changes to be not done " one knife is cut " , old old village transforms town bring into special debt to support limits
Canopy changes is project of major the people's livelihood, also be development project, according to deploy of the Party Central Committee, the State Council, some closer year come various places, each concerned branch big thrust changes the job into canopy, effect is very good, the shanty town dweller that has a lot of " give canopy to take a floor " . Be begun through old job and advance, a few projects that have a requirement are transformed basically finish, the project with still have a few difficult of course was not accomplished.
2020, each district should link the demand of estate adjusting control, the limits that fathers to change canopy and standard, evaluate finance strictly to bear ability, canopy of scientific firm year changes the job, do not do " one knife is cut " , not layer upon layer next index, lift debt not blindly to lay the structure of an organization. Shanty town of the shanty town that splanchnic chaos differs old the city zone of key assault fortified positions and state-owned work mining area, forest zone, reclamation area.
The special debt of clear this year government need not close at land store with the project related to estate, the conference works according to central economy in the meantime " strengthen a city to be transformed newlier with the housing that put an amount it is promotion, good to do old old village transforms town " requirement, the respect made the scope of application in special debt adjust, town old old village transforms the supportive limits that brought into special bond. Below current and macroscopical economic situation, drive get effective the fast, project that can use up early start, as soon as possible start working construction, ensure form solid Wu workload, form significant investment as soon as possible.
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