When the relief for small and medium-sized enterprises is in progress, the "last mile" of policy implementation will be opened up

On May 18, the State Council Information Office held a regular briefing on State Council policies to introduce support for small and medium-sized enterprises to alleviate difficulties and achieve healthy development.

“Only when small and medium-sized enterprises are good, the Chinese economy will be good, and when small and medium-sized enterprises are strong, the regional economy will be strong.” Xu Xiaolan, Vice Minister of the Ministry of Industry and Information Technology, said at the press conference that the new round of epidemic will have a great impact on small and medium-sized enterprises. The economic operation has brought great impact. Small and medium-sized enterprises generally report that it is difficult to find orders, reduce costs, collect accounts, find financing, and have difficulty in smooth flow of people and logistics. Next, we will go all out to support small and medium-sized enterprises in resolving difficulties and developing healthily. , focusing on key tasks such as easing financing difficulties and repayment difficulties, promoting cost reduction to expand demand, and strengthening service guarantees.

Getting through the “last mile” of policy implementation

In April, the PMI of small and medium-sized manufacturing industries dropped to the contraction range, and the development index of small and medium-sized enterprises fell for three consecutive months. A series of economic indicators showed that , my country's small and medium-sized enterprises are suffering from the impact of a new round of epidemic.

Sun Wenkai, deputy director of the National Research Institute of Small and Medium Enterprises at Renmin University of China, told the 21st Century Business Herald that the difficulties small, medium and micro enterprises are currently facing mainly come from cost pressure, demand pressure and account receivable arrears pressure. In April, the costs of raw materials, logistics, labor and other aspects all rose, resulting in a decline in profits of terminal production companies and a reduction in downstream orders. Smaller companies faced greater pressure from weak market demand and market competition.

Since the number of small and medium-sized enterprises accounts for more than 90% of the total number of enterprises, their production and operation conditions are also directly related to economic development. Tang Weiwei, head of the Industrial Statistics Department of the National Bureau of Statistics, said that among small and medium-sized enterprises, especially the development of small and medium-sized industrial enterprises, there is a strong positive correlation with regional economic growth, with a correlation coefficient of 0.83. At the same time, in the past ten years, every 1% increase in the operating income of small and medium-sized industrial enterprises has been able to boost regional GDP growth by 0.13%.

Xu Xiaolan said that the next step will be to focus on the "1+4+1" series of key tasks. Among them, the first "1" is to implement a series of measures to help enterprises bail out.

In November last year, a series of long-term and short-term policy combinations for small and medium-sized enterprises were issued, including the "Notice on Further Increasing Relief and Assistance for Small and Medium-sized Enterprises". In response to the new situations and problems faced by the development of small and medium-sized enterprises this year, on May 9, the Office of the State Council’s Leading Group for Promoting the Development of Small and Medium-sized Enterprises issued "Several Measures to Step Up Help Small, Medium and Micro Enterprises to Relieve and Solve Difficulties" (hereinafter referred to as "Several Measures") measure").

"While the original relief measures are being further continued, some practical and hard measures have been proposed from multiple dimensions to increase the intensity, breadth and depth of support for small and medium-sized enterprises." Xu Xiaolan said, "Several Measures" proposes a series of specific and practical measures in terms of increasing financial support, easing financing difficulties and repayment difficulties, promoting cost reduction and expanding demand, and strengthening service guarantees.

Sun Wenkai believes that various departments are gradually paying more attention to small and medium-sized enterprises, and various rescue tool kits are very rich, especially the number of tax reduction and fee reduction policies has obvious advantages, and the top priority is to step up implementation The policies that have been introduced can accurately help enterprises on key issues such as cost hedging and insufficient demand.

Xu Xiaolan also said at the press conference that the next step will be to consolidate the responsibilities of local governments and relevant departments and solve the "stuck points" in the process of policy implementation. The most important thing is the "last mile" of policy implementation. ”, striving to “free what should be exempted, reduce what should be reduced, and what can be mitigated” to help small and medium-sized enterprises truly enjoy the policy dividends.

Focus on ensuring the safety of corporate capital flows

In response to the current concerns of small, medium and micro enterprises in solving the problems of account receivable arrears and capital turnover, Xu Xiaolan said that the General Office of the State Council has issued a notice to organize Carry out special actions to prevent and resolve arrears in accounts owed to small and medium-sized enterprises. All regions and departments must complete a comprehensive investigation before the end of May for arrears in accounts caused by agencies, institutions, and large enterprises purchasing projects, goods, and services from small and medium-sized enterprises. And establish a ledger to increase centralized resolution efforts. For undifferentiated arrears, they must be paid together. If there are indeed difficulties in repayment, a clear repayment plan and repayment method must be proposed before the end of June.

Sun Wenkai analyzed that under the current downward pressure on the economy, core enterprises in the industry chain may squeeze out the funds of upstream and downstream small and medium-sized enterprises, causing operational difficulties for small and medium-sized enterprises.

Timely settlement of debts can alleviate corporate operating difficulties to a large extent with less incremental investment of financial resources, and greater supervision is needed. At the same time, financial support for small and micro enterprises in key areas and weak links should be strengthened, and financial institutions should be encouraged to develop supply chain financial products such as orders and accounts receivable financing.

Mao Hongjun, head of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, said at the press conference that the China Banking and Insurance Regulatory Commission is currently helping small, medium and micro enterprises to bail out, focusing on "expanding the amount", "stabilizing the existing amount" and "strong guarantee" Start from three aspects.

In terms of "expansion", large state-owned banks are guided to maintain credit extension and are required to provide 1.6 trillion yuan in new inclusive small and micro enterprise loans this year. In terms of "stabilizing the stock", we will reasonably use loan renewal, loan extension, adjustment of repayment arrangements and other methods to provide support to avoid loan withdrawals and loan cessation. In terms of "strong protection", banks are supported to provide exchange rate hedging services for small, medium and micro enterprises and further increase the coverage of policy-based export credit insurance. Further increase the coverage of policy-based export credit insurance, and encourage insurance institutions to enrich the supply of insurance products based on the risk characteristics and insurance needs of small, medium and micro enterprises.

As of the end of April this year, the total amount of inclusive small and micro enterprise loans nationwide had grown by 21.64% year-on-year, 10.6 percentage points higher than the growth rate of various loans. The non-performing balance of inclusive small and micro enterprise loans in the banking industry was 4476.21 billion, and the non-performing rate was 2.18%, which was the same as at the beginning of the year.

Zhou Maohua, a macro researcher at the Financial Market Department of China Everbright Bank, told the 21st Century Business Herald that if the accounts receivable of small and medium-sized enterprises cannot be guaranteed, it may increase the pressure on the company to repay principal and interest, so it is also affecting the credit structure. It has not only moderately adjusted the repayment arrangements, but also promoted the further sinking of loans from large state-owned banks. Through the synergy with tax reduction and fee reduction, accounts receivable clearing and other measures, it will effectively alleviate the cash flow pressure of enterprises. .

Key small, medium and micro enterprises are included in the "white list"

The Yangtze River Delta region, which is currently severely affected by the epidemic, is also a gathering place for many small and medium-sized manufacturing industries. Many small and medium-sized enterprises are still in the The stage of waiting and applying for resumption of work.

On May 17, Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, presided over a video conference on the analysis of the industrial economic situation of ten provinces and cities. The meeting proposed the need to implement a detailed "white list" system, coordinate enterprise docking and precise services, and use points to lead chains and chains to lead areas to ensure the stable operation of key enterprises and industrial and supply chains. At the same time, we will make full use of the relief and assistance policies for various market entities, continue to release policy effects, and step up the planning of incremental policy tools.

The "Several Measures" also clearly stated that small, medium and micro enterprises at key nodes in the industrial chain should be included in the "white list" of key industrial chains and supply chains, and the focus should be on strengthening the measures to overcome obstacles such as difficulties in getting employees to factories and difficulties in transporting materials. Efforts to coordinate and resolve outstanding issues in resuming work and reaching production capacity. Deepen the implementation of "joint action" to promote the integration and innovation of large and medium-sized enterprises, promote large and medium-sized enterprises to strengthen innovation cooperation, give full play to the leading role of leading enterprises and the supporting capabilities of small, medium and micro enterprises, and help small, medium and micro enterprises upstream and downstream of the industrial chain to collaboratively resume work and reach production.

Sun Wenkai pointed out that while the government is focusing on solving structural problems on the supply side, it should also ensure sufficient market space for small and medium-sized enterprises to survive and develop from the demand side. The "white list" of key industrial and supply chains released earlier is mostly leading companies, which have already played a leading role by taking the lead in resuming work and production, and have provided certain demand space for small and medium-sized enterprises. However, we should also pay attention to the characteristics of small, medium and micro enterprises that are “large in volume and wide in scope”. The industries involved are very complex. Local governments need to make greater efforts in coordinating precise prevention and control and orderly resumption of work and production. Some local governments "Specialized, specialized and innovative" small and medium-sized enterprises will be the first to resume work.

Data from the Ministry of Industry and Information Technology show that as of May 5, the Ministry of Industry and Information Technology has dispatched 187 "specialized, special and new" small and medium-sized enterprises in the Yangtze River Delta region, with a resumption rate of 97% and a return rate of 69%. %, and the capacity utilization rate reached 74%.

In addition, the "Small and Medium Enterprise Service Month" held in June in previous years has also been advanced to May this year. Liang Zhifeng, director of the Small and Medium Enterprises Bureau of the Ministry of Industry and Information Technology, said that the event will focus on the difficulties and needs faced by small and medium-sized enterprises in resuming work, resuming production, and innovative development, focusing on the pain points, difficulties, and blocking issues of small and medium-sized enterprises under the impact of the new round of epidemic, and through horizontal departmental collaboration , vertical linkage from top to bottom, demonstration and leadership, and mobilize leading group member units, small and medium-sized enterprise authorities at all levels, industry associations, and service platforms to carry out a series of targeted, effective and creative service activities.