No.850 [2021] of Jingcai Finance
District Finance Bureau, Financial Audit Bureau of Beijing Economic and Technological Development Zone:
In order to promote the establishment of inclusive finance’s service and security system, give full play to the guiding role of financial funds, strengthen the management of special funds for development in inclusive finance, and clarify the detailed rules for the implementation of fund management, we have formulated the Measures for the Management of Special Funds for Development in inclusive finance, which are hereby printed and distributed to you, please follow them.
Annex: Measures for the Administration of Special Funds for Development in inclusive finance
beijing finance bureau
May 18, 2021
attachment
Measures of inclusive finance Municipality on the Administration of Special Funds for Development
Chapter I General Provisions
Article 1 In order to promote the establishment of inclusive finance’s service and security system, give full play to the guiding and inciting role of financial funds, and strengthen the management of special funds for development in inclusive finance, according to the Budget Law of the People’s Republic of China, the Notice of the Ministry of Finance on Amending and Issuing the Measures for the Administration of Special Funds for Development in inclusive finance (Cai Jin [2019] No.96), the Regulations of Beijing Municipality on Promoting the Development of Small and Medium-sized Enterprises, and the Implementation Opinions of Beijing Municipal People’s Government on Reforming and Perfecting the Municipal-to-District Transfer Payment System ()
Article 2 The special funds for the development of inclusive finance as mentioned in these Measures (hereinafter referred to as special funds) refer to the special transfer payment funds used by the central and local governments to support the development of inclusive finance. Including: interest subsidies and awards for business guarantee loans, financial support to deepen the comprehensive reform of financial services for private and small and micro enterprises, and targeted cost subsidies for rural financial institutions.
Article 3 The special funds shall follow the principles of benefiting people’s livelihood, ensuring basic, focused and sustainable development, and comprehensively use the methods of loan discount, compensation by awards and expense subsidies to guide government departments and financial institutions to support the development of inclusive finance, ensure the availability and applicability of basic financial services for key clients in inclusive finance, and strive to improve the financial service level of private and small and micro enterprises.
Article 4 The use and management of special funds shall follow the basic principles of openness, transparency, targeted use and scientific standardization, ensure the rational, safe and efficient use of funds, give full play to fiscal policies to make up for market failures and leverage of financial funds, and guide financial services to extend to the direction of inclusiveness.
Article 5 The financial department shall be responsible for the budget management and fund allocation of special funds; Organize relevant departments to carry out budget supervision and performance management on the use of funds. The municipal finance department is responsible for organizing all districts to carry out budget declaration and performance evaluation, summarizing and reviewing and submitting the application materials for special funds in the region; Determine the allocation plan of special funds in this region; Break down the budget in time; Supervise the relevant departments to implement the regulatory requirements for special funds. The district-level financial department is responsible for organizing the application and review of special funds in this area, fund allocation, use supervision and budget performance management, and ensuring the compliance and effectiveness of the use of special funds in this area.
Chapter II Policy of Interest Discount and Incentive Subsidy for Venture Guarantee Loans
Article 6 The discount interest and incentive subsidy funds for business start-up guarantee loans shall be used to support workers to start their own businesses and find their own jobs, guide employers to create more jobs, and promote the resolution of structural employment contradictions among groups with special difficulties. The finance will give discount subsidies to individuals and enterprises that meet the requirements for venture guarantee loans, and give incentives and subsidies to guarantee fund operation and management institutions and handling financial institutions.
Article 7 The financial department shall be responsible for the management of financial interest subsidies, bonus funds and guarantee fee subsidies for venture guarantee loans; Separate management and accounting of funds arranged by the central finance and local finance; Ensure timely and accurate disbursement of funds; Cooperate with relevant departments to supervise the audit, disbursement and use of funds.
Article 8 The relevant provisions on the object of business start-up guarantee loan, loan application conditions, loan amount, loan term, loan interest rate and financial discount on business start-up guarantee loan shall be implemented with reference to the current relevant policies and standards of the central government and our city.
Chapter III Financial Support Deepening Financial Services for Private Enterprises and Small and Micro EnterprisesComprehensive reform of incentive fund policy in pilot cities
Article 9 Incentive funds for pilot cities of private and small micro-financial services reform are used to encourage local governments to try first, explore effective modes to improve financial services for private and small micro-enterprises, and prevent corporate credit risks by improving the financing guarantee system and risk compensation mechanism. The financial reward will be given to the pilot cities determined by the review. Pilot cities should generally be the districts of this city, with 2 places per year.
Article 10 The central government will award 30 million yuan to each pilot area in this Municipality. Incentive funds can be used for credit risk compensation or compensation of private and small and micro enterprises in financial institutions in pilot areas, or for capital replenishment of government financing guarantee institutions in pilot cities.
Eleventh municipal finance department is responsible for organizing relevant departments to formulate evaluation plans, and take an open and competitive approach for evaluation; In conjunction with relevant departments, conduct daily supervision and management of the work and the use of funds, and establish a performance index monitoring system. The financial department at the district level shall be responsible for organizing the declaration of incentive funds in this district, and jointly with relevant units at the district level, formulate detailed tasks, determine the implementation plan of performance appraisal objectives, and issue audit opinions. The financial department of the pilot area is responsible for the application, release, use, supervision and performance evaluation of funds in this area.
Article 12 The settlement of central financial funds is linked to the performance of pilot cities, focusing on the overall situation of financial services for private and small and micro enterprises, the improvement of financing guarantee and risk compensation mechanism, the comprehensive financial services and innovation, and the local development driven by finance. The central government will cancel the pilot qualification and recover all the incentive funds for the pilot cities whose performance evaluation or evaluation results do not meet the requirements.
Thirteenth areas that use the incentive funds of private and small micro-financial service reform pilot cities should strengthen the overall coordination of departments and policy linkage, especially complement and join forces with the capital policies already issued by the central government, and may not arrange financial support for the same subject repeatedly.
Chapter IV Policy of Rural Financial Institutions on Directional Cost Subsidies
Fourteenth rural financial institutions targeted fee subsidy funds are used to guide and encourage financial institutions to take the initiative to fill the gap in rural financial services, support the construction of rural financial organization system, and expand the coverage of rural financial services. The financial sector will subsidize new rural financial institutions that meet the requirements. New rural financial institutions do not enjoy subsidies repeatedly.
New rural financial institutions refer to village banks, loan companies and rural mutual funds cooperatives approved by China Banking and Insurance Regulatory Commission.
Fifteenth municipal finance department is responsible for organizing and supervising the district to carry out fund application, review, disbursement, supervision and performance management according to the regulations. The district-level financial department is responsible for organizing rural financial institutions within its jurisdiction to declare subsidy funds and issue audit opinions.
Sixteenth financial subsidies for new rural financial institutions that meet the following conditions shall not exceed 2% of the average loan balance in the current year: (1) the average loan balance in the current year increased year-on-year; (two) the average annual loan-to-deposit ratio of rural banks is higher than 50% (including 50%); (3) The average balance of agricultural loans and loans for small and micro enterprises in that year accounted for more than 70% (including 70%) of the average balance of all loans; (4) Other conditions stipulated by the financial department.
The subsidy period is within 3 years from the opening year (inclusive) of the financial institution (outlet). For those who have been in business for more than years and enjoy the subsidy policy, they do not enjoy the subsidy policy; If the opening time is later than June 30th of that year, if the subsidy policy was not enjoyed in that year, the period for enjoying the subsidy shall be calculated from the year after the opening.
Seventeenth financial subsidies for the following types of loans, not included in the subsidized loan base: (1) loans with a single household loan balance of more than 5 million yuan at any time of the year; (2) Loans issued by new rural financial institutions whose registered place is below the county level (including counties, county-level cities, county-level districts, excluding the central areas of cities above the county level) outside the county-level areas where they are registered; (3) Loans issued by new rural financial institutions registered in areas above the county level whose outlets are outside the county level.
Chapter V Application for Funds
Article 18 For the application for funds from the central government, before February 27th of each year, the district-level financial department shall summarize the application materials for this year’s funds, including the interest discount and award compensation for business guarantee loans within its jurisdiction, the incentives for pilot cities of private and small micro-financial services reform, and the targeted fee subsidies for rural financial institutions, and report them to the municipal financial department. Before March 31st, the municipal finance department will submit the application materials for summary review to the Finance Department of the Ministry of Finance and the Beijing Supervision Bureau of the Ministry of Finance.
If the application materials for special funds are not submitted within the specified time, it will be regarded as not applying for special funds for the year.
Article 19 For the application of local financial funds, before September 30 of each year, the municipal financial department shall organize the Municipal Human Resources and Social Security Bureau and the financial departments of all districts to calculate the fund demand for the discount interest, bonus and guarantee fee of the business guarantee loan for the next year; Organize the financial departments of all districts to calculate the demand for directional subsidy funds of rural financial institutions.
Twentieth materials to be provided for capital application.
(a) the application materials for the discount interest and bonus funds of the business guarantee loan include:
District-level financial department: explanation of the application of discount interest and bonus funds for venture guarantee loans this year; Report on the use of funds in the previous year for the discount interest and award compensation funds for business start-up guarantee loans and audit opinions; Details of the application for discount interest and award subsidy funds for business start-up guarantee loans in Beijing; Last year’s business guarantee loan discount and bonus fund use list, etc.
Municipal Finance Department: Description of the application of discount interest and bonus funds for business start-up guarantee loans this year; Report on the use of funds in the previous year for the discount interest and award compensation funds for business start-up guarantee loans and audit opinions; Details of the application for discount interest and award subsidy funds for business start-up guarantee loans in Beijing; Last year’s business guarantee loan discount and bonus fund use list, etc.
(two) the application materials for the incentive funds of private and small micro-financial service reform pilot cities include:
District-level financial department (six copies): application documents (official documents) of district-level financial department; Implementation plan for pilot cities; Table of performance targets and evaluation indicators of pilot cities (according to the annual pilot program), etc.
Municipal finance department (in duplicate): application documents (official documents) of municipal finance department; The list of pilot cities and implementation plans determined by the review.
(three) the application materials for the directional fee subsidy funds of rural financial institutions include:
Financial institutions (in triplicate): application documents for subsidy funds of new rural financial institutions (official documents, which should reflect the data such as the amount of loans issued in the current year, the average balance of deposits and loans in the current year, the increase rate, the amount of subsidies applied for, and the average annual loan-to-deposit ratio); Application form for directional fee subsidy funds of new rural financial institutions in Beijing; The annual audit report issued by a social intermediary institution (accounting firm) with legal person qualification; A copy of the approval document and legal person business license when the new rural financial institution is established (provided at the time of initial application); Statistics of assets and liabilities submitted to the banking supervision department and the People’s Bank of China every month in that year; Loan ledger at the end of each month of the year, details of loans related to agriculture and small and micro enterprises and details of eligible loans (electronic version); Regulatory requirements and reports of the banking supervision department, etc.
District-level financial department (in duplicate): application document (official document) for subsidy funds of district-level financial department; Table on loan issuance and subsidies of new rural financial institutions in * * District of Beijing; Audit opinions issued by the district finance department, etc.
Municipal finance department (in duplicate): application document (official document) for subsidy funds of municipal finance department; Table on loan issuance and subsidies of new rural financial institutions in Beijing; Audit opinions issued by the municipal finance department, etc.
Chapter VI Allocation and Release of Funds
Twenty-first business guarantee loan discount and incentive subsidy funds are allocated by factor method, mainly considering the subsidized business guarantee loan discount and incentive subsidy funds demand.
Incentive funds for private and small micro-financial service reform pilot cities are allocated by project method.
The subsidy funds for directional expenses of rural financial institutions are allocated by factor method, mainly considering the average balance of loans of rural financial institutions.
Twenty-second business guarantee loans within the scope of preferential loan conditions stipulated by the state, the discount and bonus funds shall be shared by the central finance and local finance, and the central, municipal and district sharing ratio shall be 3: 3.5: 3.5; In accordance with the policy, the city relaxed the conditions for borrowers of business start-up guarantee loans and raised the upper limit of loan interest rate, and the relevant business start-up guarantee loan discount and bonus funds were fully borne by the local finance, and the sharing ratio of the city and district was 1:1. If the loan guarantee business is provided by the municipal guarantee institution, the municipal finance shall bear the guarantee fee; The city and district share the rest of the guarantee fees in a ratio of 1:1.
The incentive funds for private and small micro-financial service reform pilot cities are fully arranged by the central government.
The subsidy funds for rural directional expenses are shared by the central finance and local finance, and the sharing ratio of the central, municipal and district is 3:3.5:3.5.
Twenty-third urban finance and related departments should calculate the financial needs of the financial burden of the corresponding level according to the policy content and standards, and arrange the budget of special funds, which should be included in the government budget at the same level according to the requirements of budget preparation.
Article 24 The municipal finance shall, in accordance with the unified requirements of budget management, prepare a report on the examination, disbursement and use of special funds, submit it to the Ministry of Finance for the record and send a copy to the Beijing Supervision Bureau, and timely decompose the budget funds and issue them to the district-level finance. District-level financial departments shall timely allocate funds in accordance with the time management requirements issued by funds and in combination with the progress and audit of the project. The urban finance department shall implement the relevant provisions on budget management such as the time and proportion of transfer payment funds.
For the special funds for the development of inclusive finance that are included in the direct fund management, the municipal finance department will supervise all districts to strengthen the budget execution management, introduce the allocated funds into the direct fund monitoring system synchronously, and submit the budget expenditure progress on a monthly basis.
Article 25 Banking financial institutions shall, within 15 days after the interest settlement date on a quarterly basis, submit an application for qualification examination of discount borrowers and borrowing enterprises to the District People’s Insurance Department. After the examination, the District People’s Insurance Department shall submit an opinion on qualification examination of discount borrowers and borrowing enterprises to the District Finance Department, and the District Finance Department shall allocate funds to the handling bank within one month after passing the examination. According to the progress of the work, the financial department allocated the incentive funds of banking financial institutions and guarantee fund operation and management institutions in the previous year. Guarantee fund operation and management institutions shall apply to the finance department at the same level for the annual guarantee fee before June 25th each year, and the urban finance department shall allocate funds respectively.
Twenty-sixth urban financial departments should strengthen the management of balance carry-over funds according to the level of fund allocation, and implement it in accordance with the central government’s measures for the management of local special transfer payments and the Beijing special transfer payment management measures. For the development of special transfer payment funds in inclusive finance, it shall be stipulated separately.
Twenty-seventh special funds payment management, in accordance with the relevant provisions of the national treasury centralized payment system. The public budget and final accounts of special funds shall be implemented in accordance with the relevant provisions of the central government’s information disclosure management system for local special transfer payments.
Chapter VII Budget Supervision and Performance Management
Twenty-eighth urban financial departments should strengthen spot checks, and the areas that fail to share the funds according to the regulations will be disqualified from obtaining the relevant financial funds in the next year after written confirmation by the Beijing Supervision Bureau, auditing and other departments. To find out the previous year’s false materials, defrauding special funds or funds that should be recovered, the financial department at the same level shall take measures such as recovery and surrender according to regulations. If the relevant departments of the central government organize to find out, the urban finance department shall jointly be responsible for recovering and promptly turning it over to the central finance.
Article 29 Materials to be provided for performance evaluation.
(a) the performance evaluation materials of discount interest and bonus funds for business guarantee loans and directional subsidy funds for rural financial institutions include:
District finance department: performance self-evaluation report and performance self-evaluation form, etc.
Municipal finance department: after summarizing the situation of each district, submit the performance self-evaluation report and performance self-evaluation form.
(two) the performance evaluation materials of incentive funds in private and small micro-financial service reform pilot cities include:
District-level financial departments (six copies): self-evaluation report on the performance of pilot cities; Self-evaluation form for performance evaluation of pilot cities (for details, please refer to the Notice of China Banking and Insurance Regulatory Commission, People’s Bank of China, Ministry of Science and Technology, Ministry of Finance on Financial Support for Deepening the Comprehensive Reform of Financial Services for Private and Small and Micro Enterprises (Caijin [2019] No.62)).
Municipal finance department: performance evaluation report and performance evaluation index table of pilot cities.
Article 30 If the financial department and its staff, as well as the departments, units and individuals that declare the use of special funds, have any violations of laws and regulations, such as abuse of power, dereliction of duty, favoritism, etc., the corresponding responsibilities shall be investigated in accordance with the Budget Law of the People’s Republic of China, the Civil Service Law of People’s Republic of China (PRC), the Supervision Law of People’s Republic of China (PRC) and the Regulations on Punishment of Financial Violations in accordance with the relevant provisions of the state; Those suspected of committing a crime shall be transferred to judicial organs for handling.
Article 31 The financial department shall strengthen the performance management of special funds in accordance with the relevant provisions of budget performance management, establish and improve the whole process budget performance management mechanism, strengthen the performance target management, do a good job in performance operation monitoring, take the performance evaluation results as a reference for improving policies and fund allocation, promote the information disclosure of performance evaluation results, and gradually establish a performance accountability mechanism.
Thirty-second financial departments should gradually explore the establishment of inclusive finance index system, scientific evaluation of the development of inclusive finance in this area, and provide decision-making reference for improving the management system of special funds.
Chapter VIII Supplementary Provisions
Thirty-third the measures shall be implemented as of the date of issuance, and the implementation period is tentatively set at two years, which shall be adjusted in time according to the relevant documents of the central government.
Article 34 The urban human resources and social security department, the business management department of the People’s Bank of China, the Municipal Science and Technology Commission, the Municipal Bureau of Economics and Information, the Municipal Financial Supervision Bureau, and the Beijing Banking Insurance Regulatory Bureau shall perform their duties according to the division of labor stipulated in the relevant administrative measures.
Article 35 Where there are no specific provisions in these Measures, it shall be implemented in accordance with the relevant provisions of this Municipality, such as the discount on business guarantee loans and awards, financial support to deepen the comprehensive reform of financial services for private and small and micro enterprises, and other relevant provisions.
Thirty-sixth new items included in the management of special funds for the development of inclusive finance shall be implemented with reference to the provisions of these measures. Where the requirements for fund management are formulated separately, such provisions shall prevail.