Jul 22, 2021 12:29 PM (GMT+8) · EqualOcean
On the 22nd, the CIRC issued a notice on supporting flood control and disaster relief and strengthening financial services, proposing that banking institutions should take the initiative to connect with all kinds of enterprises in flood control and disaster relief and people's livelihood Protection, actively provide credit support, give priority to examination and approval, simplify examination and approval process, improve examination and approval efficiency, and handle credit examination and approval with high quality and efficiency in accordance with laws and regulations. We should encourage the use of financial and technological means to accurately locate the victims of the disaster, vigorously support the maintenance and reconstruction of damaged houses, roads, water conservancy and other projects in areas with severe flood conditions, ensure the financing needs of infrastructure such as reservoir reinforcement, river reconstruction, and dike construction, and meet the new credit needs of enterprises in the production, transportation, and storage of flood control emergency materials. We will increase the preference for resources in the field of Inclusive Finance, and encourage affected farmers, small and micro businesses, and individual businesses to tide over the difficulties by appropriately reducing loan interest rates, reducing service charges, and adjusting debt service arrangements.