China Banking and Insurance Regulatory Commission: Continue to implement deferred repayment of principal and interest for small, medium and micro enterprises in the manufacturing industry in accordance with the principle of marketization

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 Titanium Media App reported on July 11 that the General Office of the China Banking and Insurance Regulatory Commission issued a notice to further promote the high-quality development of the financial services manufacturing industry, and continued to implement deferred repayment of principal and interest for small, medium and micro enterprises in the manufacturing industry in accordance with the principle of marketization. The date in principle does not exceed the end of 2022. For the inclusive small and micro enterprise loans due before the end of 2022 in the manufacturing industry that has been seriously affected by the epidemic, the loan will be given preference according to the actual situation, and the extension period will be appropriately relaxed. Make good use of monetary policy tools such as incremental incentives for inclusive small and micro loans and re-lending to support small and medium-sized enterprises to ease the liquidity difficulties of small and micro enterprises in the manufacturing industry. In accordance with the principle of commercial sustainability, through measures such as internal capital transfer price concessions and the establishment of differentiated interest rate pricing authority, we will actively make reasonable profits to manufacturing enterprises.

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