The Hubei provincial government has issued a "Notice on the Issuance of Policies and Measures to Support Small, Medium and Micro Enterprises*** to Survive the Difficulties in Response to the New Coronavirus Pneumonia Epidemic"
There are 18 policies to support small, medium and micro enterprises*** in the following areas: lowering the cost of water and gas, reducing or exempting rents, increasing credit support, lowering the cost of financing, exempting taxes and fees, easing the payment of social insurance premiums, and increasing the subsidies for employment.
Increase employment subsidies part of the proposed, the Spring Festival (as of February 13, 2020) to start production, distribution of epidemic prevention and control of urgently needed materials for enterprises, eligible for a one-time subsidy of 2,000 yuan / person to absorb employment.
The full text of the notice:
On the issuance of the response to the new coronavirus pneumonia epidemic to support small and medium-sized microenterprises *** through the difficult times of the relevant policies and measures of the notice
I. Reduce the burden on enterprises
1. Industrial water prices and natural gas prices are reduced by 10% for the period from January 1, 2020 to June 30, 2020. For small and medium-sized enterprises in the production and operation of electricity, gas, water, etc., the implementation of "non-payment of non-supply" measures; within three months after the end of the epidemic, by the enterprises to make up for the delayed payment of fees, free of late payment fees. To participate in the life of the material supply of trade circulation and epidemic prevention and control of medicines, medical equipment, materials and equipment and other epidemic prevention and control of the production of small and medium-sized enterprises, by the government where the enterprise is registered in accordance with the sales directory tariffs in the kWh 30% of the price of electricity to give electricity subsidies, the provincial government financial subsidies in accordance with the actual subsidies of 50% of the amount of the local government to give subsidies. (Responsible units: Provincial Development and Reform Commission, Provincial Department of Finance, Provincial Department of Housing and Construction, Provincial Energy Bureau, Provincial Electric Power Company, the people's governments of cities, states and counties)
2. Reduction and exemption of rent for small and medium-sized micro-enterprises. For small and medium-sized micro-enterprises renting state-owned assets type of business premises, three months rent free, six months rent halved. Encouragement of various types of small and medium-sized micro-enterprise development carriers during the epidemic to reduce or waive the rent of tenant enterprises and other related costs, to reduce or waive the rent of small and medium-sized micro-enterprise plants at the provincial level small micro-enterprise entrepreneurship and innovation demonstration bases, the provincial government in accordance with the total amount of rent not more than 50% of the total amount of rent remission to give a subsidy, the total amount of subsidies for each base does not exceed 2 million yuan. For those who rent other business premises, the owner (landlord) is encouraged to reduce or waive the rent for the tenants, and the details are to be settled by mutual negotiation. (Responsible units: the Provincial State-owned Assets Supervision and Administration Commission, the Provincial Department of Finance, the Provincial Department of Economics and Information Technology, and the people's governments of cities, states and counties)
3. Extend the period of contract fulfillment. The contract has been signed with the state-owned enterprises of small and medium-sized micro-enterprises, indeed due to the impact of the epidemic, unable to fulfill the contractual obligations on time, can be appropriate to extend the period of contract fulfillment, the specific extension of the period of time by the two sides negotiated to re-determine. (Responsible unit: Provincial State-owned Assets Supervision and Administration Commission)
4. Reduce inspection and testing costs. During the epidemic, the affected small and medium-sized micro-enterprises stop levying special equipment inspection fees, sewage treatment fees, environmental protection testing fees, measuring instruments calibration fees. (Responsible units: Provincial Market Supervision Bureau, Provincial Department of Ecology and Environment)
5. Clean up delinquent enterprises. Continuously promote the cleanup of accounts owed to private enterprises and small and medium-sized enterprises, and establish a long-term mechanism to clean up and prevent delinquent accounts. Governments at all levels and state-owned enterprises should fulfill their obligations in accordance with the law to avoid the formation of new arrears. (Responsible units: Provincial Economic and Information Office, Provincial Department of Finance, Provincial State-owned Assets Supervision and Administration Commission, Provincial Audit Office, Provincial Health and Wellness Commission, and the people's governments of all cities, states and counties)
Two, strengthen the financial support
6. Increase credit support. Financial institutions at all levels should establish and activate fast approval channels, simplify business processes, and effectively improve business processing efficiency. Encourage financial institutions to open green channels, compression of the time limit for lending, increase credit loans, no repayment of loans. For small and medium-sized enterprises affected by the epidemic and having difficulties in repaying the credit due, financial institutions should help the enterprises tide over the difficulties by appropriately reducing the interest rate, waiving the overdue interest, and adjusting the repayment period and methods, and shall not blindly pull out the loan, press the loan, or cut off the loan. 2020, the balance and new amount of loans for small and medium-sized enterprises of financial institutions of the province shall not be lower than that at the same period of the last year, among which the proportion of new type of government, silver, and guarantee business loan scale shall not be less than 30%. less than 30%. (Responsible units: Wuhan Branch of the People's Bank of China, Hubei Banking and Insurance Supervision Bureau, Provincial Local Financial Supervision Bureau, Provincial Re-guarantee Group)
7. Reduce financing costs. Encourage financial institutions at all levels to take appropriate downward adjustments in lending rates, increase credit loans and medium- and long-term loans, etc., to increase support for small and medium-sized micro-enterprises, especially for the key production enterprises of epidemic prevention and control materials, to reduce the original level of lending rates by more than 10%. The comprehensive financing cost of new loans for small and micro enterprises will be reduced by no less than 1 percentage point compared with 2019. (Responsible units: Wuhan Branch of the People's Bank of China, Hubei Banking and Insurance Supervision Bureau, Provincial Local Financial Supervision Bureau)
8. Reduce the guarantee fee rate. Governmental financing guarantee and re-guarantee institutions are exempted from guarantee fees and re-guarantee fees for enterprises related to epidemic prevention and control; for small and micro-enterprises seriously affected by the epidemic, the guarantee fee rate is reduced to less than 1%, and the re-guarantee fee is reduced by half. For small and micro-enterprises with no repayment ability, governmental financial guarantee institutions at all levels providing financial guarantee services for them should fulfill their obligation of repayment in a timely manner, extend the time limit for recovery appropriately depending on the impact of the epidemic, and write off the loss of repayment in accordance with the regulations if it meets the conditions for write-off. Governmental financial guarantee institutions at all levels should actively negotiate with cooperative financial institutions to take measures such as extension and renewal of loans and guarantees for enterprises in industries greatly affected by the epidemic. Strengthen the docking cooperation with the National Financing Guarantee Fund, and actively seek policy support. The provincial finance timely supplement the provincial re-guarantee risk compensation fund, and do a good job of compensating the compensation guarantee. Municipal, state and county governments should establish and implement due diligence exemption mechanisms to promote governmental financial guarantee institutions to play their due roles through capital injection, premium subsidies, compensation and other means. (Responsible units: Provincial Department of Finance, Provincial Local Financial Supervision Bureau, Hubei Banking and Insurance Supervision Bureau, Provincial Re-guarantee Group, the people's governments of all cities, states and counties, and governmental financing guarantee institutions at all levels)
9. Increase the tolerance of non-performing rate of loans. During the epidemic period financial institutions to small and medium-sized microenterprises issued liquidity loans non-performing rate exceeds its own various loans non-performing rate of 3 percentage points or less, and loan scale growth, reasonable determination of its regulatory rating and performance rating. For individuals or enterprises that have temporarily lost their source of income due to the impact of the epidemic, financial institutions may report credit records based on the adjusted repayment arrangements, and relevant overdue loans will not be recorded as overdue. (Responsible units: Provincial Development and Reform Commission, Hubei Banking and Insurance Supervision Bureau, Wuhan Branch of the People's Bank of China)
10. Give financial subsidy support for enterprise loans. Actively strive for the province's epidemic prevention and control enterprises into the national epidemic prevention and control of key protection enterprise list, and according to the province's epidemic prevention and control work needs, the establishment of provincial epidemic prevention and control of key protection enterprise list. For the national and provincial epidemic prevention and control key protection enterprises to be included in the new loans in 2020, the provincial financial co-ordination according to the enterprise actually obtained 50% of the loan interest rate for the subsidized interest rate, the subsidized interest rate for a period of no more than 1 year. For small and medium-sized enterprises affected by the epidemic, the period of extension of guaranteed loans for entrepreneurship has been issued for a period of not more than one year, the financial sector to continue to give subsidized interest support. Failure to include the epidemic prevention and control of key protection enterprise list, but in support of the province's epidemic prevention and control work in the role of outstanding health epidemic prevention and control, pharmaceutical products, medical equipment, medical waste disposal and other enterprises in 2020 new loans (less than 10 million yuan), the provincial finance in accordance with the loan contract signing date of the last month of the one-year Loan Market Quotation Rate (LPR) 30% of the interest rate to give subsidies. (Responsible units: Provincial Development and Reform Commission, Provincial Department of Economics and Information Technology, Provincial Department of Finance, Provincial Department of Agriculture and Rural Affairs, and Wuhan Branch of the People's Bank of China)
11. Broaden direct financing channels. Small and medium-sized enterprise stock pledge agreement expires during the epidemic prevention and control period, the enterprise due to repayment difficulties apply for extension, can be negotiated with securities companies and other financial institutions, extension period of 3 to 6 months. Encourage and support financial institutions to take a combination of credit support and bond underwriting, and guide enterprises to make good use of the policy of issuing new and repaying the old, so as to alleviate the operating difficulties of enterprises through multiple channels. Actively promote the IPO of proposed listed companies, the new three board innovation layer enterprises to apply for selected layer counseling acceptance work, take off-site and other flexible and efficient way to counseling acceptance and other related work. During the epidemic, accelerate the construction of the capital market online service platform, and organize counseling institutions and other relevant parties to increase the online training of enterprises listed on the market. (Responsible units: Hubei Securities Regulatory Bureau, Hubei Banking and Insurance Regulatory Bureau, Wuhan Branch of the People's Bank of China, the provincial local financial supervision bureau)
Three, increase the financial and tax support
12. Increase the support of technological transformation. Epidemic prevention and control of key security enterprises to expand production capacity, upgrading and upgrading projects, priority into the province's support for the high-quality development of the manufacturing industry special funds to support the scope of the key tilt. (Responsible units: the provincial Economic and Information Office, the provincial Department of Finance)
13. Reduce or waive the relevant taxes and fees. Due to the impact of the epidemic suffered major losses, taxpayers pay urban land use tax, property tax is difficult, approved by the tax authorities, according to the law to reduce or exempt urban land use tax, property tax. Imported materials donated for epidemic prevention and control shall be exempted from import tariffs, import-related value-added tax and consumption tax in accordance with regulations. The imported materials directly used for epidemic prevention and control organized by the competent health authorities shall be exempted from customs duties in accordance with the law. If the production and operation of individual industrial and commercial households subject to the "regular quota" levy is affected by the epidemic, they may submit a request for reasonable adjustment of the quota in accordance with the law. (Responsible units: Provincial Taxation Bureau, Provincial Health Commission, Provincial Civil Affairs Department, Wuhan Customs)
14. Taxpayers who are unable to pay the tax on time due to the impact of the epidemic can defer the payment of the tax for a maximum of three months after reporting to the provincial tax authorities for approval. (Responsible unit: Provincial Taxation Bureau)
Four, increase the support for stabilizing jobs
15.Strengthen the enterprise labor service. The implementation of flexible labor policies, enterprises affected by the epidemic leading to production and operational difficulties, can be collective bargaining with the staff, to take measures such as negotiation of salaries, adjustment of working hours, shift rotation, on-the-job training, to retain labor relations. (Responsible units: Provincial Department of Human Resources and Social Security, Provincial Federation of Trade Unions)
16. Suspension of payment of social insurance premiums. For micro, small and medium-sized enterprises affected by the epidemic and facing temporary production and operation difficulties, which really cannot afford to pay social insurance premiums in full, they can defer payment of pension insurance, unemployment insurance and industrial injury insurance premiums after approval in accordance with the regulations, and the deferment period is generally no more than 6 months and the maximum period is no more than 12 months. During the period of deferred payment, late fees will be waived, and employees may enjoy social insurance benefits in accordance with the provisions of the law. After the expiration of the deferred payment period, the enterprise shall pay the deferred social insurance premiums in full without affecting the individual rights and interests of the insured. (Responsible units: Provincial Department of Human Resources and Social Affairs, Provincial Department of Finance, Provincial Tax Bureau)
17. Return of unemployment insurance premiums. If the layoff (reduction) rate of an enterprise is not higher than 5.5%, the enterprise will return 70% of the actual unemployment insurance premiums paid in the previous year. For enterprises with 500 or fewer insured employees, 50% of the actual unemployment insurance premiums paid in the previous year can be returned directly. For insured enterprises facing temporary production and operation difficulties and hopeful for recovery, and insisting on not laying off employees or laying off fewer employees, unemployment insurance premiums can be returned according to the local standard of monthly per capita unemployment insurance premiums for six months and the number of insured employees. (Responsible units: Provincial Department of Human Resources and Social Affairs, Provincial Department of Finance, Provincial Tax Bureau)
18. Increase employment subsidies. During the Spring Festival (as of February 13, 2020) to start production, distribution of epidemic prevention and control of urgently needed materials for enterprises, eligible for a one-time employment subsidies of 2,000 yuan / person. (Responsible units: Provincial Department of Human Resources and Social Affairs, Provincial Department of Finance)
This policy is effective from the date of issuance, and the validity period is tentatively set at 6 months. The central government has introduced relevant policies to support, follow the implementation.
This policy is valid for 6 months from the date of issuance.