Liu Guoqiang, deputy governor of the central bank, said that since the outbreak, the central bank has increased its open market reverse repurchase operations and established 300 billion low-cost special refinancing measures that have effectively stabilized market sentiment and strongly supported the fight against the epidemic. .
As of February 20, the National Development and Reform Commission and the Ministry of Industry and Information Technology have identified 876 national key enterprises, and 10 key provinces and municipalities and provincial governments have identified a total of 1082 local key enterprises. The People's Bank of China will provide the bank with the list in time , And issued special re-loans to them in a timely manner. 727 key guarantee companies have obtained loans. After the financial discount, the actual financing cost of these enterprises is 1.30%, which is lower than the State Council's requirement of not exceeding 1.60%. At present, the 7-day repo interest rate in the inter-bank market is operating at around 2.2%, and the trend is stable. The stock and foreign exchange markets have basically resumed their normal operations after the short-term fluctuations in the initial opening after the holiday.
Liu Guoqiang said that the current downward pressure on the economy brought about by the intensification of the new crown pneumonia epidemic is mainly short-term and will not change the fundamentals of my country's long-term economic growth. As one of the few countries in the major economies that implement normalized monetary policies, my country’s monetary policy space is still abundant, and the toolbox has sufficient reserves. We are confident and able to hedge the impact of the epidemic. In the next step, the People's Bank of China will continue to implement special re-lending policies and policies to guide the overall market interest rate downward. At the same time, according to the actual situation of the epidemic situation in different regions, the company’s loans that have not been repaid in time due to the epidemic will not be recorded and submitted, and preferential policies are given in terms of loan risk classification, and financial institutions are encouraged to jointly negotiate with companies to lower the interest rate of new loans. The support of major financial institutions to enterprises severely affected by the epidemic.
