Eight departments including the People's Bank of China jointly issued the "Notice on Strengthening Financial Support Measures to Support the Development and Growth of the Private Economy." The "Notice" proposes that monetary policy tools, fiscal incentives, insurance guarantees and other measures should be comprehensively used to enhance the enthusiasm of financial institutions in serving the private economy.
Strengthen departmental cooperation, improve credit information sharing, financing guarantees, convenient bill discounting, accounts receivable rights confirmation, taxation and other supporting policies and mechanisms, and enhance the private economic and financial carrying capacity. Financial institutions should strengthen publicity and interpretation, and proactively push financial support policies, financial products and service information to private enterprises. Local financial management, development and reform, to go containers with lids，industry and information technology, finance and taxation, federation of industry and commerce and other departments have strengthened communication and coordination, strengthened supervision and guidance, and improved policy effectiveness.
The "Notice" provides a relatively comprehensive and systematic arrangement, including measures such as "giving full play to the role of private enterprise bond financing support tools", "increasing investment in private enterprise bonds" and "exploring the development of high-yield bond markets". These measures can truly lower the bond financing threshold for private enterprises, alleviate the "asset shortage" phenomenon of financial institutions under the principle of matching risks and returns, and promote the effective allocation of financial resources in a market-oriented manner.
On November 27, according to today’s CCB official account, China Construction Bank recently held a bank-enterprise symposium to support the reasonable financing needs of real estate companies. Representatives from six real estate companies, including Longfor Group, Vanke Group, Xincheng Holdings, Binjiang Group, Midea Real Estate and Dahua Group, attended the meeting. Relevant persons in charge of China Construction Bank attended the meeting.At the symposium, to go containers with lids，China Construction Bank stated that it will work hand in hand with enterprises to better support the reasonable financing needs of real estate enterprises. For real estate enterprises operating normally.
