Li Keqiang: Bank service charges can not be collected as much as possible

Abstract On April 17, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited the China Development Bank and the Industrial and Commercial Bank of China to inspect and preside over a symposium. During the ICBC inspection, I learned that the financing cost of the company has slightly decreased, but there are still more than 20 service charges after the streamlined service. He immediately...
On April 17, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited the China Development Bank and the Industrial and Commercial Bank of China to inspect and preside over a symposium. At ICBC's inspection, it was learned that the financing cost of the company was slightly reduced. However, there were still more than 20 service charges after the streamlined service. He immediately requested to further reduce the service charge items, and "can not accept as much as possible."

Li Keqiang visited the China Development Bank and the Industrial and Commercial Bank of China to inspect and preside over a symposium
Li Keqiang stressed that China's economy is entering a "connection period" and finance should play an important supporting role. Li Keqiang said that the financial and real economy are mutually dependent and mutually reinforcing. The real economy is the body, the finance is the blood, the light has the blood and the body, the economy can't live; the light has no blood, and the economy can't live.

Li Keqiang emphasized that financial institutions should focus on solving the problems of financing difficulties and financing in a reformed way, and strengthen services for small and micro enterprises and innovation and entrepreneurship. Commercial banks should independently carry out loan extensions or renew loans according to the company's situation, and take measures to guide the actual interest rate down. It is necessary to rely on deepening reforms to enhance the vitality and efficiency of the financial industry. Further liberalize market access, and establish “normalization” of private banks, consumer finance companies, and rural banks to shape a new financial structure. Promote interest rate, exchange rate marketization and RMB capital account convertibility solid forward. We will promote reform and innovation in the insurance industry, and use investment funds with stable sources and long maturity to set up investment funds to boost the development of the real economy. We will expand the scale of mortgage-added loans to development-oriented policy finance, and support the stagflation, water conservancy, and the central and western railways to stabilize the growth of the structure and benefit the people's livelihood projects as soon as possible. By broadening the channels for the use of foreign exchange reserves and expanding the scale of “two excellent” loans, we will promote the development of Chinese equipment and international production capacity, and promote the development and upgrading of relevant domestic industries.

Li Keqiang said that it is necessary to support financial innovation and expand opening up. Actively develop new formats such as “Internet + Finance” and launch a pilot program for equity crowdfunding. Further pilot the financial opening of the Shanghai Free Trade Zone, and launch the “Shenzhen-Hong Kong Stock Connect” to increase the scale of overseas bond issuance by domestic institutions and allow the funds to be returned to domestic use. At the same time, it is necessary to increase the write-off and disposal of non-performing assets, strengthen financial supervision and coordination, and resolutely hold the bottom line of regional systemic financial risks.

>>Interpretation

Investigate the release of the three major signals by the two major banks


In the first quarter, China's GDP grew by 7% year-on-year, the lowest in the same period in recent years. Li Keqiang said frankly on the 17th that at present, the uncertainty of the recovery of the world economy has increased, and the domestic economic operation has remained within a reasonable range, but the downward pressure has increased. He pointed out that financial regulation and control should obey and serve the overall situation of economic and social development, and new measures should be taken under the new economic normal.

Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University, said that it was precisely in the context of the downward pressure on the economy that Li Keqiang made the above statement. "It is important to note that the current policy is not to support one end, but to abandon the other end, but to balance steady growth with structural adjustment to achieve higher quality rather than more extensive growth."

"The Prime Minister’s visit to two banks and a special symposium during the day should be a deep understanding of the necessity and importance of the development of financial support entities." Zhao Xijun commented that Li Keqiang can be described as "determined" and hopes to promote financial institutions and finance. Regulators are making more innovations to introduce more and wider financial institutions to the Chinese market.

Opening to the outside world and allowing China to allocate financial resources on a global scale is another important signal released by Li Keqiang. Li Keqiang said that it is necessary to support financial innovation and expand opening up. Actively develop new formats such as “Internet + Finance” and launch a pilot program for equity crowdfunding. He also reminded that it is necessary to increase the write-off and disposal of non-performing assets, strengthen financial supervision and coordination, and resolutely hold the bottom line of regional systemic financial risks.

Zhao Xijun analyzed that as China's economy enters a new normal, "disregarding all policies to stimulate economic growth" has become a thing of the past, but it must focus on some potential risks. "There has been an increase in the non-performing rate of some financial institutions this year, which also poses a risk constraint on the allocation of financial resources. To this end, the government must have both a growth policy and a quality and efficiency, especially financial and economic security." Zhao Xijun said.

>>site

Serving small and micro enterprises can't rely on big banks

Li Keqiang randomly conducted a survey when he visited ICBC. He asked analysts in the small business financial business department, has the financing cost of small and micro enterprises been reduced? How many items are there for service charges? The relevant person in charge said that the cost of corporate finance has been slightly reduced, and there are still more than 20 service charges. The Prime Minister immediately requested to further reduce the service charge items, "can not accept as much as possible."

Li Keqiang emphasized that small and micro enterprises are the container of employment, support small and micro enterprises, crack the financing difficulties of small and micro enterprises, and expensive financing, which is directly related to the "employment" of the people's livelihood. He proposed that appropriate preferential financial policies can be given to the departments of state-owned commercial banks that are responsible for small and micro enterprise credit.

At ICBC, Li Keqiang’s longest and most interactive place is the Small Business Finance Department. The person in charge of ICBC said that due to the increase in the fund base, ICBC’s loan growth for small and micro enterprises is expected to decline this year. The Prime Minister immediately stated that serving small and micro enterprises seems to be “walking on two legs”, relying on large banks and relying on Small and medium banks!

叮嘱 Bank staff go to the shantytown to see

At the time of the inspection of the country, Li Keqiang twice asked the task to "plus code." In the Housing Finance Division, which focuses on supporting the transformation of shantytowns, the Prime Minister said that the shed reform should further strengthen the construction of “big packages” such as underground pipe networks. He also pointed out that about 200,000 households in Heilongjiang and Jilin each live in the subsidence area, and it is necessary to strengthen financial support for the renovation of the subsidence area. "You can't let the people sleep on the crater."

He asked in detail about the interest rate and scale of lending by the CDB for shantytown renovation, central and western railways, major water conservancy projects, and information infrastructure projects. The Prime Minister said that development finance should increase support for national strategies and key projects, accelerate the progress of lending, and play an important role in the development of a stable growth structure.

Li Keqiang came to the Housing Finance Department, which was just established one year after the CDB, to understand the review of the shed reform project and the issuance of loans. He asked as he walked, have you been to the shantytown? He yelled at the staff and went to the shantytown to see more when doing the project. In this way, we can compare our hearts and feel our situation.

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