Starting from August 1 this year, my country has optimized and implemented a package of fiscal and financial coordination policies to promote domestic demand, further stimulating the vitality of private investment and boosting residents' consumption. The highlight of this policy is to increase the amount of discounted loans for small, medium and micro enterprises and expand the coverage of interest discounts. It has been almost two months since the policy was implemented. What is the actual effect?
The reporter saw in the old factory area of a parts manufacturing company in Zhuzhou, Hunan, that multiple production lines were operating at full capacity. At the delivery port of the factory, several trucks lined up waiting to be loaded and shipped out.
Not only are truck drivers overwhelmed, but the production space in the old factory area is no longer sufficient. The reporter saw in the workshop that all kinds of raw materials, semi-finished products and products waiting to be shipped were piled up, and companies had nowhere to go if they wanted to take on new orders.
The person in charge of the company told reporters that in order to break through the production capacity bottleneck, in the first half of this year, they raised 70 million yuan in bank financing and built a new factory with a total investment of 200 million yuan. At present, the main project of the new factory has been completed and is expected to be put into operation by the end of the year.
In the past few days, while the person in charge of the company was busy planning the next production plan, bank staff came to her door to bring her good news. Starting from August 1, the annual cap on the size of subsidized loans for small, medium and micro enterprises will be increased from 50 million yuan to 75 million yuan. This means that the enterprise's 70 million yuan loan can fully enjoy fiscal interest discounts, and the interest savings in two years are expected to exceed 2 million yuan.
Li Emei, the person in charge of Hunan Chengchao Heavy Industry Technology Co., Ltd.: The interest discount is more than 1 million yuan a year, accounting for one-third of the profit. Whether it is investing more than 2 million yuan in equipment or investing in technology research and development, it will play a big role.
Working capital loans enjoy discounted interest, corporate financing needs surge
This time the fiscal and financial enterprise-friendly policies have been optimized and upgraded. Another highlight is that new working capital loans issued by small, medium, micro, and private enterprises can enjoy fiscal interest discount support.
This adjustment accurately addresses the pain points of short-term turnover of enterprises, effectively reduces corporate financing costs, and policy dividends are also being continuously released.
Walking into the production workshop of this new materials company in Changsha, Hunan, the reporter saw rolls of diamond wire produced by the company, which were thinner than a human hair and almost difficult to see clearly with the naked eye.
CCTV reporter Jiang Yong: The coil of wire in my hand is not an ordinary coil of wire. It is a circle of diamond wire with a minimum diameter of 20 microns, less than one-third of a human hair. Don't look at it so finely, but its strength and technological content are very high. It can cut the high-strength glass brick next to me into very thin glass panels. Such glass panels are often used in consumer electronics such as mobile phones.
The person in charge of the company told reporters that the diamond wires they produce have been widely used for cutting hard materials such as photovoltaic silicon wafers, glass, semiconductors, and ceramics. The company has also become the first industry leader in China to achieve large-scale mass production of diamond wires.
But even so, they are not satisfied with just being a supplier of raw materials. Instead, they invest a large amount of money in research and development every year to accelerate the layout of emerging tracks such as consumer electronics and semiconductors.
Duan Zhiming, Chairman of Changsha Dailer New Material Technology Co., Ltd.: From the perspective of enterprise development, we hope to provide some new material services for high-end manufacturing.
However, business transformation does not happen overnight. In August this year, companies once faced a liquidity gap when expanding new businesses. The local Bank of Communications promptly provided a working capital loan of 30 million yuan, which solved the company's urgent need. This loan can also enjoy a 1 percentage point fiscal discount.
Zhang Zhuoxun, President of Changsha Yuelushan Branch of Bank of Communications: This loan is one of the first projects shortlisted by Bank of Communications Hunan Branch since the interest discount policy was expanded. Through the fast approval channel of the technology finance special class, the loan was quickly secured.
Data show that Hunan Province issued 53.33 billion yuan in loans to service industry operators in August, a month-on-month increase of 138%; after the policy expansion in August, 33.6 billion yuan in newly issued working capital loans to small, medium and micro enterprises in a single month were included in the scope of interest discounts, effectively easing the short-term financial pressure on enterprises to purchase raw materials and pay wages.
There are interest discounts for buying a car and building a house, saving real money for the people.
Our country continues to optimize the structure of fiscal expenditure, and also focuses on people's livelihood areas. The package of policies not only adds interest discount categories such as credit cards, cars, and home improvement special installments, but also increases the upper limit of interest discounts from 3,000 yuan to 5,000 yuan per year.
Now, residents can save money on interest when replacing cars, decorating, buying appliances and other major purchases, and real money brings benefits.
In September this year, Ms. Zhang, a citizen of Jinan, Shandong Province, bought a new car. This time I exchanged a car, I not only enjoyed the national trade-in subsidy for consumer goods, but also enjoyed the newly launched special installment discount policy for cars, which can save 1 percentage point in interest.
Zhang Liang, a resident of Jinan City: The interest subsidy policy and state subsidies can save more than 10,000 yuan. If you calculate it this way, it's a very good deal.
In Jinan, when consumers submit installment applications online, they can sign an interest discount agreement with one click. After the bank verifies that the funds are used in compliant consumption scenarios, the system automatically completes the interest discount deduction, and the dividends are passed directly to consumers without any sense.
Wu Hao, President of Jinan Nanshan Branch of Agricultural Bank of China: Special installment funds are directly allocated to 4S stores, and consumers will repay the installment principal and interest through credit cards on a monthly basis. For example, if you apply for a 5-year car installment of 150,000 yuan this month, you can enjoy financial interest exemption every month during the validity period of this year's policy.
These days, Ms. Liang from Chengdu, Sichuan is busy buying new furniture for her new house. Her 300,000 yuan renovation payment was paid in special installments through a bank credit card, and she also enjoyed an interest discount of 1 percentage point.
Ms. Liang, a citizen of Chengdu, Sichuan Province: Mainly used for whole-house customization and purchase of furniture and home appliances. I also enjoyed an interest discount of 128 yuan per month, so I only had to pay back 412 yuan per month. The application is very convenient and reduces the pressure of installment repayment.
According to financial institutions, customers who submit renovation installment applications after September 19 will have interest discount agreements embedded in the product terms, and no additional procedures are required. Customers who have applied for renovation installments between August 1 and September 19 can also enjoy interest discounts by signing a supplementary agreement through mobile banking.
(CCTV reporters Zhao Shuguang, Jiang Yong, Tang Zhijian, Chen Kai, Hunan Station)
