Title: Opinions of Yantai Local Financial Supervision Administration and Other 5 Departments on Improving the Enterprise Emergency Loan Transfer System
Local Financial Supervision Bureau (Finance and Finance Bureau), Bureau of Industry and Information Technology, Finance Bureau of each district and city, the People's Bank of China's subbranches in each district and city, the supervisory team of each district and city of Yantai Banking and Insurance Supervision Branch, and the various banking institutions:

For the purpose of implementing the guidance opinions on establishing enterprise emergency loan transfer funds (Lu Jin Jian Zi [2019] No. 15) of the Local Financial Supervision Administration and other five departments of Shandong Province "on the establishment of enterprise emergency refinancing fund guidance" (Lujin Supervision word [2019] No. 15) "Yantai Municipal People's Government on the implementation of services for enterprise financing" Golden Bridge "plan" (Yantai Government Development [2019] No. 7) and other documents, and to effectively alleviate the market for products with a good development prospects of the liquidity difficulties of private enterprises. Private enterprises liquidity difficulties, promote the city's private economy and high-quality development, is to improve the enterprise emergency transfer system put forward the following views.

One, the guiding ideology

Adhere to Xi Jinping new era of socialism with Chinese characteristics as a guide, the full implementation of the spirit of the 19th CPC National Congress and the 19th session of the Second, Third, Fourth and Fifth Plenary Sessions of the CPC National Congress, in accordance with the Central Government, the province, and municipal party committee and the municipal government on the promotion of the development of the private sector of the economy, play a guiding role in the fund to set up an emergency fund for the transfer of enterprise loans to improve the emergency service transfer loan coordination mechanism for the temporary liquidity difficulties. Coordination mechanism to provide emergency loan transfer services for private enterprises with temporary difficulties in capital turnover, giving priority to solving the problems of private enterprises, especially small and medium-sized micro-enterprises that are difficult to finance or even unable to finance, and at the same time, gradually reduce the cost of financing, effectively guard against liquidity risks, and promote the sustained and high-quality development of the city's private economy.

Two, the basic principles

(a) adhere to the service of the real economy. Enterprise Emergency Transfer Fund is mainly for the real economy in the field of capital turnover temporary difficulties in the private small and medium-sized micro-enterprises, to provide convenient and efficient emergency transfer services, to help them in a relatively short period of time to successfully complete the renewal of the loan business, and to achieve win-win situation between banks and enterprises, and common development.

(ii) adhere to the market-led operation. Enterprise emergency transfer fund adhere to the premise of government guidance, the implementation of market-oriented independent operation, to attract various types of social capital to actively participate in the market allocation of resources to achieve the sustainable development of emergency transfer business.

(C) adhere to effective risk prevention and control. Enterprise emergency transfer fund operation should be firmly aware of risk prevention and control, and constantly improve the risk prevention and control system, adhere to the exclusive use of funds, closed operation, and actively guard against moral risk, operational risk and other types of risk, to protect the emergency transfer fund security, improve the quality of service of the enterprise emergency transfer fund.

Three, sound transfer system

Municipal from the municipal government set up an emergency relief fund of 50 million yuan as a guiding fund, by the Yantai Financing Guarantee Group to attract the participation of state-owned enterprises, social capital, etc., the formation of municipal enterprise emergency transfer fund, the establishment of municipal emergency transfer institutions, to take the market mode of emergency transfer fund management and operation. In line with the principle of improving efficiency, reducing costs and running smoothly, the size of the enterprise emergency transfer fund and the daily stock of funds are reasonably determined.

Encourage and support the districts and cities through financial funds, state-owned investment and financing institutions, as well as social capital funded the establishment of emergency refinancing institutions. Actively promote the various types of emergency lending institutions filed into the provincial enterprise emergency lending service system, to the provincial lending guidance fund to apply for borrowing or matching funds.

Four, clear the scope of transfer

Enterprise Emergency Transfer Fund is mainly for the law compliance operation, in line with national industrial policy and environmental protection policy, safety production standards, production and operation of basic normal, with the ability to continue operations, credit information record is good, in line with the conditions of loan issuance, and financial turnover temporarily encountered difficulties in the private small and medium-sized micro-enterprises, provide short-term capital financing services, to help enterprises to repay and renew their loans on schedule. Loan types are limited to working capital loans, excluding project loans and off-balance sheet business financing. The Enterprise Emergency Relief Fund will not support loans due to the diversion of enterprises to non-compliant areas or restricted industries.

For strong technological innovation, industrial transformation and development of the leading role of outstanding, in line with the direction of the old and new energy transformation of the private backbone of small and medium-sized enterprises, the relevant departments of the municipal government, districts and municipalities can take the initiative to recommend to the emergency transfer of loan operating agencies, for eligible enterprises emergency transfer of funds to give priority to meet.

Fifth, standardize the transfer process

Based on the characteristics of the business emergency transfer business, the establishment of a standardized operating procedures, including application, review, commitment, repayment, lending, recovery, archiving and other processes, to clarify the key aspects of the responsibilities and operational specifications.

Enterprises in need of refinancing should apply for refinancing to the emergency refinancing institutions or their cooperative banks within 15 working days before the expiration of the loan. Emergency lending institutions should promptly conduct a rigorous review with the cooperative bank of the enterprise's production and operation, creditworthiness, bank credit, lending conditions, etc., and the two sides should make an independent study of the risk during the review process. If the cooperative bank agrees to transfer the loan, it shall, five working days in advance, issue to the emergency lending institution the relevant transfer documents recognized by both parties, and make a legally binding commitment to release the loan on time within the specified period. Within 3 working days after receiving the documents proving that the cooperative bank agrees to transfer the loan, the emergency lending institution shall implement the funds (including self-financing by the lending institution, applying for borrowing from the provincial lending guidance fund or matching funds) and remit the corresponding emergency transfer funds to the account provided by the cooperative bank before the repayment date. After receiving the loan repayment funds, the cooperative bank will handle the repayment procedures of the enterprise in a timely manner and complete the internal examination and approval procedures according to the committed time limit of the loan transfer documents, and issue the loan as scheduled. After the loan is disbursed, the cooperative bank shall transfer the full amount of loan funds to the special account of the emergency loan transfer agency. After the recovery of the emergency transfer funds, the enterprise emergency transfer agency will be the use of funds, the recovery of the whole process of the information formed in the file for later inspection.

Six, preventing and controlling the risk of transfer

Enterprise emergency transfer business related parties to strengthen risk awareness, develop risk prevention and control system, to ensure that the emergency transfer fund dedicated, closed operation, and effectively prevent the risk of transferring funds.

Emergency lending institutions should regularly assess the credit policy of cooperative banks, and study and judge the industry risk and regional risk of emergency lending business in advance. Emergency lending institutions and cooperative banks should work together to strengthen the key aspects of risk prevention, for the bank commitment letter and other proof of the authenticity of the transfer of loan materials, the enterprise repayment account whether the seizure and freezing, the possibility of fund diversion, and other key risk potential, in advance of the study of the formulation of effective preventive and control measures; to strengthen the prevention and control of moral risk, the important positions and key links to implement regular rotation, two-person operation, and mutual constraints.

Emergency transfer institutions to set up a specialized team, ongoing risk training, and effectively enhance the comprehensive quality of business operators and risk identification and prevention capabilities; to control the emergency transfer business single amount, generally no more than 10% of the size of the paid emergency transfer fund (or 10 million yuan). To establish a risk provisioning system, the profits generated by the emergency transfer business, the emergency transfer institutions should be in accordance with a certain percentage of the risk reserve, used to make up for the possible losses of the transfer funds.

Seven, reduce the cost of refinancing

Emergency refinancing institutions should be in line with the matching of revenue and risk, market-based sustainable, capital preservation and micro-benefit operation of the principle of reasonably determining the period of use of emergency refinancing funds, the use of the fee rate, and effectively reduce the cost of enterprise finance. Gradually compressed emergency transfer funds use period, a single business not more than 10 days. Distinguish between different situations of enterprises, the implementation of differentiated rates, emergency transfer fund daily use of the rate, the maximum shall not exceed the transfer amount of 1 ‰. In addition to the rate of use of funds, shall not be charged consultant fees, consulting fees, material costs and any other costs. Emergency transfer institutions to rationalize the use of funds, and constantly improve the emergency transfer fund turnover times, and gradually reduce the rate of use of funds.

VIII, strengthen business cooperation

Encourage the state-owned, joint-stock bank branches and local legal person banking institutions in smoke to strengthen the business cooperation with the emergency transfer institutions at all levels, and give priority to the establishment of a long-term strategic cooperative relationship, signed up as a cooperative bank. For eligible private small and medium-sized micro-enterprise emergency transfer business, the cooperative bank shall, in accordance with the provisions of risk management regulatory policy, in accordance with the law to accelerate the renewal of loan approval, open up green channels and improve the efficiency of approval. Cooperative banks shall effectively fulfill the commitments related to the Bank Loan Transfer Commitment Letter and other loan transfer supporting materials, and issue the loans within the committed time to help enterprises successfully complete the loan transfer. For private SMEs that use the Enterprise Emergency Loan Transfer Fund to transfer loans, cooperative banking institutions should prudently assess the actual risk status of the enterprises and should not reduce their risk ratings in the bank without reason.

Nine, strengthen the organizational leadership

Established by the Municipal Bureau of Industry and Information Technology, the Municipal Bureau of Finance, the Municipal Local Financial Supervision Bureau, the People's Bank of China downtown sub-branch of the Yantai Banking Supervision Bureau and other relevant departments and the relevant cooperative banks composed of municipal emergency transfer of the work of the Joint Conference, the office is located in the Municipal Local Financial Supervision Bureau.

The Municipal Bureau of Industry and Information Technology is responsible for formulating the municipal enterprise emergency transfer guidance fund management methods, business operation rules, establishing the city's emergency transfer operation system related systems, and regular statistical analysis of enterprise emergency transfer business.

The Municipal Bureau of Finance is responsible for approving the allocation of the municipal emergency transfer of funds to guide, with the relevant departments to do a good job of supervision and inspection, performance evaluation and other work.

The Municipal Bureau of Local Financial Supervision is responsible for organizing and convening joint meetings on enterprise emergency loan transfer work, coordinating and solving major problems in operation, leading the relevant departments of the city in the performance evaluation of enterprise emergency loan transfer operators, and studying the introduction of relevant policies and measures.

The People's Bank of China downtown branch is responsible for the use of re-lending and re-discounting and other monetary policy tools, incentives and constraints on the relevant cooperative banking institutions.

The Yantai Banking and Insurance Bureau is responsible for rationally adjusting regulatory policies, guiding cooperative banking institutions to actively carry out enterprise emergency transfer business, optimizing the approval process, improving the efficiency of the approval process, and making the eligible private small and medium-sized micro-enterprises to do the transfer as much as possible.

Cooperative banks are responsible for improving the standardized operation process of the emergency loan transfer business, accelerating the approval of the emergency loan transfer business, and guiding the municipal and county branches to carry out the emergency loan transfer business in a compliant manner.

Districts and cities should set up appropriate leadership mechanisms for enterprise emergency loan transfer work, support the establishment of district-level emergency loan institutions, and actively promote the loan institutions to join the provincial enterprise emergency loan service system, and continuously increase the financing support for eligible private small and medium-sized enterprises.