In order to thoroughly implement the central decision-making and the spirit of the speech of General Secretary Xi Jinping on the outstanding issues of "two guarantees and three guarantees" on April 16, focus on poverty alleviation, focus on special groups, focus on mass concerns, optimize resource allocation, and innovate Product services, increase financial support, earnestly do a good job of financial precision poverty alleviation work this year and next, help out poverty-stricken and comprehensively build a well-off society, the people of recent daysbankIssued the "Guiding Opinions on Effectively Doing Financial Accurate Poverty Alleviation Work from 2019 to 2020" (hereinafter referred to as "Opinions").
The "Opinions" pointed out that it is necessary to improve the transmission mechanism of monetary policy, strengthen the management of poverty alleviation and refinancing, and implement the policy of targeted reduction of inclusive finance. eachbankIndustry financial institutions should help poor areas to cultivate characteristic advantages and poverty alleviation industries, deepen the mechanism of industrial poverty alleviation interests, and promote the effective integration of financial support and industrial poverty alleviation. Increase the provision of credit resources, the deployment of outlets and service terminals, and carry out financial matching assistance to meet the reasonable financial needs of deep poverty areas. Strengthen the management of relocation funds for ex situ poverty alleviation, strengthen policy linkages, and do a good job in comprehensive financial services for ex situ poverty alleviation. Seriously fulfill the responsibility of fixed-point assistance, explore the establishment of a cross-regional linkage and cooperation mechanism, and create a multi-level targeted assistance system.
The "Opinions" clarify to further enhance the inclusiveness of the financial system and optimize povertyRegional financeecosystem. We will continue to promote the evaluation of credit users, credit villages, and credit towns, improve the credit evaluation system for poor households, and vigorously develop credit loan business. We will promote the construction of payment service infrastructure in poverty-stricken areas, pilot the promotion of the “Village Revitalization Card”, and promote the cooperation between agricultural and cash withdrawal service points and e-commerce service points. In-depth implementation of the rural financial education "Jin Hui Project" to improve the financial literacy of the poor. Smooth access to consumer complaints and strengthen povertyRegional financeconsumer rights Protection.
The "Opinions" emphasizes that it is necessary to standardize and improve poverty alleviation microfinance management, steadily handle loan renewal and extension, actively respond to or will usher in the peak of repayment, and promote the management and use of poverty alleviation microfinance risk compensation. It is highly concerned about the possible risks of one-sided pursuit of loan scale and coverage, and excessive debt borrowing in the name of poverty alleviation. We will conscientiously implement the rectification requirements of the special patrols for poverty alleviation in the central government, comprehensively review and sort out the tasks and work difficulties in the next two years, optimize policy design, and strengthen policy implementation. We will continue to carry out special governance on the work style of financial poverty alleviation and build a long-term mechanism for building a work style in poverty alleviation.
The "Opinions" require that the financial support for poverty alleviation and rural revitalization of financial services be coordinated to improve the level of rural financial services. Strengthening the poverty alleviationRegional financeThe use of policies ensures that poverty alleviation policies will be lifted out during the period of poverty alleviation, strengthen market-oriented incentives and constraints, and stimulate the endogenous development momentum in poverty-stricken areas. Strengthen the special statistics and assessment of financial precision poverty alleviation loans. Promote the implementation of policies such as exemption of value-added tax on non-taxable loans and agricultural-related loans for financial institutions, and strengthen the risk-sharing ability of government-funded guarantee companies, increase the interest rate of poverty alleviation loans, and improve the sustainability of financial poverty alleviation.
As of the end of March 2019, the national poverty alleviation loan balance was 167.9 billion yuan. The balance of accurate poverty alleviation loans for poverty-stricken population and poverty-stricken population was 712.6 billion yuan, and the number of poor people was 19.38 million. The balance of industrial precision poverty alleviation loans was 1.17 trillion yuan, driving 7.97 million poor people.
(Article source: Central Bank website)