In order to fully implement the spirit of the 20th National Congress of the CPC and the Central Economic Work Conference and the Central Financial Work Conference, promote more financial resources to promote advanced manufacturing, guide financial institutions to focus on the high-quality development of the service manufacturing industry, deepen financial services, and help promote new industrialization, The State Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the National Development and Reform Commission recently jointly issued the Notice on Deepening Manufacturing Financial Services to Help Promote New Industrialization.

FCM10EF The “Notice” a total of 17 measures, clear the overall requirements of manufacturing financial services, around the key tasks of financial support for the construction of manufacturing power, promote new industrialization, from the optimization of financial supply, improve the service system, strengthen risk prevention and control, and other aspects of the manufacturing financial services put forward work requirements.

We will adhere to the strategic focus of building a strong manufacturing country, help upgrade the level of industrial modernization, and promote the high-end, intelligent and green development of the manufacturing industry.

FCM10EF

According to the Notice, it is necessary to focus on key tasks, focus on supporting the security and stability of the industrial chain and supply chain, industrial scientific and technological innovation and development, industrial structure optimization and upgrading, industrial intelligence and green development, continue to increase financial support, optimize financial service models, and enhance financial specialization.

The “Notice” clearly states that it is necessary to list a separate manufacturing credit plan, clearly support the focus and task objectives, promote more credit resources to support the development of the manufacturing industry, and continue to increase the proportion of medium and long-term loans in the manufacturing industry. We will deepen and expand the working mechanism for medium – and long-term loan delivery in the manufacturing industry, and do a good job in information docking and loan delivery. We will improve the credit management mechanism and strengthen resource guarantee in terms of organizational structure, economic capital allocation, and internal capital transfer pricing. Improve the internal performance appraisal mechanism to ensure the implementation of the due diligence exemption system.

FCM10EF The Notice proposes that it is necessary to actively align the risk protection and risk management needs of manufacturing enterprises, promote underwriting services such as intellectual property insurance and research and development cost loss insurance, and support product research and development and application. We will improve the rate adjustment mechanism, optimize the underwriting claim settlement process, and continue to promote the first (set) of major technical equipment insurance and the first batch of new material application insurance compensation mechanisms.

The “Notice” requires that we should adhere to the principle of independent decision-making, independent loan review, and self-risk, do the “three checks” of loans, and implement the sources of repayment. We will increase the efficiency of the use of loan provisions and strengthen the disposal of non-performing loans in accordance with laws and regulations. Maintain a normal competitive environment, shall not relax the risk management requirements to win customers.