Quanzhou strengthens the flow of loan funds to ensure they are used for the development of the real economy

Yesterday, this newspaper reported the launch of Tantai's cross-border RMB loan business. At the same time, the Fuzhou Central Branch of the People's Bank of China (hereinafter referred to as the Fuzhou Central Branch of Bank of China) also issued the "Quanzhou Financial Services Real Economy Comprehensive Reform Pilot Zone Launches Tantai's Cross-Border RMB Loan Business" Pilot Management Measures" (hereinafter referred to as the "Management Measures"). It is understood that the Fuzhou Central Branch of Bank of China will implement negative list management of Tantai's cross-border RMB loan business in accordance with national macro-industrial policies and the monetary and credit policy requirements of the People's Bank of China Head Office to ensure that loan funds are used to support the real economy of Quanzhou Financial Reform Zone. The "Management Measures" clearly stipulate that loan funds serve the real economic construction of Quanzhou Financial Reform Zone and are not allowed to purchase financial products, non-self-use real estate, etc.
If banking financial institutions in the Quanzhou Financial Reform Zone handle Tantai cross-border RMB loan business for qualified enterprises, they must submit relevant materials to the Fuzhou Central Branch of the Bank of China through the Quanzhou Central Branch of the People's Bank of China for filing. Including business license, audit report at the end of the previous year, capital verification report, proposed loan amount, instructions on the use of funds, overseas domestic and foreign currency borrowings that have occurred and actual performance of RMB overseas guarantees with the enterprise as the beneficiary, etc.
The Quantai cross-border RMB loan business of Bank of China Fuzhou Central Branch implements a filing management system, and a filing notice will be issued to enterprises that are allowed to file. According to the filing notice, banking financial institutions in the Quanzhou Financial Reform Zone can open general deposit accounts for external borrowing in RMB and handle cross-border RMB loan fund settlement business for the corresponding enterprise only after reviewing the enterprise's loan contract and other relevant information. In principle, enterprises in the Quanzhou Financial Reform Zone should choose a banking financial institution in the Quanzhou Financial Reform Zone to open a general deposit account for RMB external borrowings, specifically to handle cross-border RMB loan fund collection, interest payment, principal repayment and other settlement services. Borrowing enterprises should go through the withdrawal procedures within one working day after the settlement bank obtains the filing notice. If the withdrawal is overdue, they need to re-apply for filing.
At the same time, the Fuzhou Central Branch of Bank of China will implement balance management and total amount control on RMB loans obtained by Quanzhou Financial Reform District from Taiwan based on the development of RMB business in Taiwan, national macro-control policies and the development needs of Quanzhou Financial Reform District. Borrowing enterprises can borrow RMB funds to implement macro-prudential management, and in principle, they shall not exceed the times of the owners' equity of the previous year.
Small and medium enterprise loans: