CBRC Notice: Increase The Support Of Small And Medium-Sized Enterprise Loans

　　 CBRC Measures to encourage banks to extend loans to SMEs

The CBRC recently issued the notice on supporting commercial banks to further improve the financial services of small enterprises (hereinafter referred to as the notice), focusing on the support of small business loans with a single amount of 5 million yuan or less, covering four aspects.

According to the Research Report of Chen Jiangang and Zhang Ying of State Securities (600109) analyst in June 2nd, the main contents of the notice contain four points. First, commercial banks that use internal rating method to calculate capital adequacy ratio allow them to treat the small business loans with a single household under 5 million yuan (below) as retail loans. For commercial banks that do not use the IRB to calculate the capital adequacy ratio, a small business loan of 5 million yuan or less can be regarded as a retail loan under the premise of meeting certain standards.

Second, when calculating the deposit to loan ratio, it is not possible for commercial banks to issue loans corresponding to small businesses with a single family account of less than 5 million yuan (inclusive). Deposit and loan Than the scope of examination.

Third, according to the small business loans of commercial banks. risk In terms of cost and verification, we should conduct differentiated appraisal of the ratio of non-performing loans to small businesses, and appropriately increase the tolerance ratio of non-performing loans of small businesses.

Fourth, actively support the expansion of small business financial services outlets, and achieve continuous growth in loans for small businesses over the next two years. Commercial banks with an average growth rate and good risk control have actively supported their branch offices in meeting the requirements of prudential supervision.

Chen Jiangang and Zhang Ying believe that this can solve the financing difficulties of small businesses. This year, monetary policy shifted from loose to tight. Small businesses bear the brunt of tightening policies. Because small businesses themselves are less risk sensitive and sensitive to changes in the economic environment, the risk of loans is most likely to erupt during the economic downturn. If we do not carry out differentiated supervision of SME credit, banks will first reduce their loans to small businesses under the pressure of capital pressure. Financing difficulties will further aggravate the risk of bankruptcy of small businesses, and form a vicious circle of "economic deterioration - the increase of small business loans - the contraction of small business loans - the difficulty of financing and the collapse of small businesses - the further deterioration of the economy".

The market means to shift the policy to small business loans, and commercial banks spontaneously support the enhancement of small business dynamics. The reduction of risk weights of small business loans can alleviate the pressure of bank capital. By the end of 2010, the balance of loans for small enterprises in China's banking financial institutions was 7 trillion and 500 billion yuan, the balance of foreign currency loans of financial institutions was 50 trillion and 920 billion yuan, and the proportion of small business loans was 14.72%. Assuming that the proportion of small business loans of listed banks is roughly the same as that of banking financial institutions, the reduction of risk weights of small business loans will increase the capital adequacy ratio of listed banks in 2011 by about 0.9 percentage points.

For the pressure of daily average loan to deposit ratio faced by banks, Chen Jiangang and Zhang Ying believe that the small business loans corresponding to the issuance of financial bonds by commercial banks will not be included in the scope of deposit loan ratio assessment, which will greatly alleviate the pressure of bank loan to deposit ratio. In addition, because the bargaining power of banks to small business loans is strong, the proportion of small business loan interest rate is higher, and the interest rate is more obvious when the funds are tight. Under the policy support, the banks' loans to small businesses have increased. The interest rate of listed banks is expected to exceed expectations this year.