International Finance News
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China's Taipai volunteers team to carry out traffic guidance, emergency rescue services
The bank has been working hard to prevent and control the epidemic.
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Editor's note:
A war in the era of peace, a fully mobilized battle. The new coronavirus pneumonia epidemic has touched people's hearts, and all-out efforts to fight it have become the nation's general **** knowledge. The financial industry has responded positively to the war, with donations to institutions continuing to climb and morale rising. In addition to donations, major financial institutions have combined their strengths to upgrade and refine relevant financial services, adding bricks and mortar to the prevention and control of the epidemic. The action of cohesion and solidarity, the iron fist of the city, **** the determination to overcome the difficulties, and will ultimately achieve the war "epidemic" victory.
The epidemic is the order, prevention and control is the responsibility. Recently, the People's Bank of China, the Ministry of Finance, the Banking and Insurance Commission, the Securities and Futures Commission, the Foreign Exchange Bureau jointly issued a "notice on the further strengthening of financial support for the prevention and control of new coronavirus infection of the pneumonia epidemic", said that the effective implementation of the central government on the prevention and control of epidemic prevention and control of the spirit of the notice of the battle to stop the work of the deployment of the strengthening of financial support for the prevention and control of the epidemic work.
Since the outbreak of the epidemic, financial institutions have responded quickly to the war "epidemic". As the financial industry leader of the banking industry in the active action, open the financial green channel, the production of more than 100 billion yuan of loans to help the development of small and medium-sized enterprises, and continue to more powerful financial services to help fight the epidemic. The insurance industry is also playing a professional advantage, providing more than a trillion dollars of insurance coverage for the "retrograde", actively expanding the insurance liability, completed a number of new crown pneumonia claims; the trust industry to explore the launch of the establishment of a special charitable fund, the use of their own resources and shareholders advantage, to take a variety of ways to participate in the fight against the epidemic in the resistance war.
Banks open financial green channel
As the leader of the financial industry, the banking industry has launched various actions to fight against the epidemic in an orderly manner.
Not only Chinese banks are active, foreign banks in China, mainland Taiwan-funded banks have also responded positively to the initiative, in addition to donations, more than 10 foreign banks and Taiwan-funded banks have released a number of initiatives to provide quality financial services for the prevention and control of the epidemic.
For example, HSBC utilized the advantages of its global network to deploy and procure anti-epidemic materials from home and abroad, and improve the quality of material procurement; Standard Chartered Bank gave full play to its network advantages and business expertise, and closely coordinated with multiple teams in Standard Chartered Singapore and South Korea, to help Chinese enterprises urgently procure the materials needed for anti-epidemic in overseas.
Bank of East Asia, Hang Seng Bank and Fubon Huayi Bank have adopted a number of preferential policies for the prevention and control of the epidemic, such as exempting the epidemic-related donations and remittances for medical purchases, and the handling fees for the transfer of funds and wealth management of customers in Hubei, adjusting the upper limit of the amount of systematic payments, opening up a green channel for approval, and providing comprehensive credit to the enterprises involved in the prevention and control of the epidemic; J.P. Morgan provides financial assistance for the procurement of materials for the fight against the epidemic, and for the support of healthcare professionals and patients' families, and so on. The company has also provided financial assistance for the purchase of anti-epidemic materials and support for medical staff and patients' families.
Secondly, in addition to the rescue of funds, the banking financial institutions also actively through the adoption of emergency loans, special loans, and other ways to continuously increase credit support, to fully protect the financing needs of the epidemic prevention and control enterprises.
Association data show that, as of February 4, the banking industry issued more than 160 billion yuan of anti-epidemic and support related to enterprise production loans. At the same time, a number of banks in Hubei Province, inclusive of small and micro-enterprise loan interest rates, on the basis of the existing interest rate down 0.35 to 0.5 percentage points.
Among them, the State Development Bank to combat the epidemic credit support 24.9 billion yuan; China Agricultural Development Bank and the Export-Import Bank of China to combat the epidemic credit support a total of 10.067 billion yuan; industry, agriculture, construction, transportation and postal deposits of six large state-owned commercial banks to combat the epidemic credit support a total of 34.862 billion yuan; China Merchants Bank, Everbright, Industrial and other 12 joint stock banks to combat the epidemic credit support a total of 56.437 billion yuan; 34 large state-owned commercial banks to combat the epidemic credit support 56.437 billion yuan; 34 city commercial banks, private banks to provide epidemic prevention and control of special credit 17.198 billion yuan; the country's agricultural credit institutions by providing credit support to the relevant enterprises 17.306 billion yuan.
For example, Wuhan Agricultural and Commercial Bank has issued the "Twelve Measures for Strengthening Financial Services for Epidemic Prevention and Control", arranging a special credit line of 3 billion yuan for the issuance of loans for medical equipment and epidemic prevention and control.
Again, in order to ensure efficient and timely disbursement of funds during the special period, a number of banks have also set up credit, exchange and other financial services for the relevant enterprises "green channel", and the allocation of specialized personnel, special handling, to ensure that the relevant funds can be the first time to reach the epidemic area.
For example, since the outbreak of the epidemic, the construction of a number of related enterprises to open a green channel for credit approval, the bank's Shanghai Pudong branch through special affairs, special emergency, in the linkage and coordination of multiple departments, fast for agricultural and sideline products and other related business customers to complete the approval of 25 million yuan of liquidity loans, to protect the people's "food basket" product supply. "Product supply; at the same time, only 2 days to complete the issuance of 100 million yuan of working capital loans to meet the needs of the medical expansion of production, so that the enterprise's two CT equipment the first time into the Wuhan Vulcan Mountain Hospital.
Industrial Bank, through the development of cross-border financial services green channel, for Beijing, Shanghai, Hainan, Anhui, Heilongjiang and other provinces and cities in the global procurement of masks, the import of disinfection equipment, disinfection towels and other protective materials, to provide speedy and convenient financial services, so that the medical protective materials as soon as possible in place.
According to incomplete statistics, during the Spring Festival, the bank has handled cross-border medical supplies imported for more than a dozen enterprises to pay foreign exchange business, the amount of the total equivalent of more than 12 million yuan.
Finally, considering that the epidemic has caused a greater impact on the economy in the short term, and has brought about a severe test for small and medium-sized micro-enterprises with weaker risk response capabilities, banking financial institutions have made concerted efforts to respond to the government's call to actively help small and medium-sized micro-enterprises affected by the epidemic through a multi-country, differentiated approach to financial services, which include:
First, optimize the way of lending business. For the wholesale and retail, accommodation and catering, logistics and transportation, culture and tourism industries which are greatly affected by the epidemic, as well as enterprises which have development prospects but are temporarily in trouble, many banks have indicated that they will not draw loans, cut off loans, and press loans, and will actively provide full support through extension of the period of time, non-repayment of loan renewal, credit restructuring, and remission of overdue interest. For example, Pudong Development Bank for Wuhan customers designed a "non-repayment renewal" exclusive business program, the enterprise does not need to return the original loan principal to complete the renewal of the loan, the renewal of the loan period after the extension of one year, and to give the borrower enterprise the most favorable interest rate.
The second is to lower the interest rate of the enterprise loan. In order to reduce the impact of the new Crown pneumonia epidemic on small and medium-sized enterprises under the jurisdiction of Hubei, enhance the vitality of small and medium-sized enterprises, Agricultural Bank of China, Construction Bank of China, Bank of Communications, Bohai Bank and a number of banks have said that the Hubei Province, inclusive of small and medium-sized enterprises, self-employed businessmen and private entrepreneurs operating loans, in the existing interest rate based on a downward adjustment of 0.5 percentage points, to reduce the financing costs of small and medium-sized enterprises. Zhejiang Netcommerce Bank for 1.5 million Hubei small store and is fighting the epidemic 300,000 medicine class small store, do not draw loan constantly loan, and the interest rate down by 10%.
Insurance companies to complete a number of new crown pneumonia claims
After the outbreak, the insurance agencies acted quickly to donate a large number of donations to the key areas, donations, donations to the health care workers insurance, to support the work of the fight against the epidemic.
On February 4, the first batch of medical supplies donated by Taikang arrived at Lei Shen Shan Hospital in advance, including 10,000 pieces of isolation suits and 20,000 pieces of other medical supplies, costing a total of 4 million yuan, which will be delivered in batches. As of February 5, Taikang Insurance *** donation of 30 million yuan, donated 10 million yuan and Wuhan medical personnel special insurance, to the first batch of nearly 700 journalists fighting in the epidemic prevention and control front line donated a year of coverage of 200,000 life insurance.
On February 4, Huaxia Insurance's "Glazed Light Epidemic Prevention and Control Insurance Donation Program" was formally launched, providing 20 million customers and 500,000 front and back line business partners with free coverage of 200,000 RMB per person, with a cumulative sum insured of 4 trillion RMB, and an insurance period of 90 days.
As of February 5, China Dadi Insurance has donated exclusive insurance coverage to traffic police and journalists fighting against epidemics in Hubei and Shanghai, with a cumulative sum insured of nearly 5 billion RMB. Recently, China Dadi Insurance also donated exclusive insurance coverage to 1,200 traffic police officers of the Shanghai Municipal Public Security Bureau Traffic Police Headquarters, compensating 500,000 yuan per person for traffic police officers who died due to infection with the new coronavirus and 100,000 yuan per person for accidental injuries, with a total insured amount of 720 million yuan.
Second, actively expand the insurance liability. In addition to donations, donations and gifts of insurance, the insurance companies have also actively responded to the call of the CBIRC, and continue to come the good news of expanding insurance responsibilities.
On February 3, the China Banking and Insurance Regulatory Commission (CBIRC) Life Insurance Department issued a notice requesting life insurance companies to optimize the claims standard of their existing products and expand their insurance responsibilities appropriately.
Nearly 40 insurance companies, including Ping An Life, Xinhua Insurance, Sunshine Life, Pearl River Life, Kunlun Health, JunKang Life, Chang'an Liability, etc., have released news about the expansion of insurance liability according to the needs of the epidemic.
On February 4, Ping An Life announced that it would provide 10 million free places for the "E Road to Peace Insurance Plan". The insurance plan is an expansion of the liability of "Ping An Luck Traffic Accident Insurance", and on the basis of the original liability of the product, it expands the liability of the new coronavirus infection of pneumonia. According to the extended liability, the insured person can receive a maximum benefit of 100,000 RMB in case of death or disability due to pneumonia caused by the new coronavirus. The insurance plan covers people aged 0-65 years old and the insurance period is 90 days.
On February 5, Xinhua Insurance released a news release that Yijia Insurance and Anxin Insurance insurance product plans, on the basis of the original insurance responsibility, will extend the insurance responsibility to the death and disability caused by the new coronavirus pneumonia. In addition, Sun Life has completed its first claim on February 4 for the extension of liability for critical illness insurance.
China Life said that as of February 1, the company **** found 126 customers suspected or diagnosed with new coronavirus pneumonia, involving 13 provinces. And has completed 8 sick customers and front-line anti-epidemic staff claims, including 5 in Hubei, Zhejiang, Guangdong, Inner Mongolia 1 each. The Hubei branch paid out more than 860,000 yuan in insurance benefits to three customers, and the fastest claim took only two hours from contacting the customer to the insurance benefits.
China Taiping Life, a subsidiary of China Taiping, has also completed 4 cases of medical insurance claims for pneumonia involving new coronavirus infections, with a total of 126,500 RMB paid out. At present, China Taiping donated to Wuhan health care workers "medical care" insurance received a report of 132 people, has quickly completed the Wuhan Municipal Central Hospital, Wuhan City Hospital, two cases of health care workers claims, each of 50,000 yuan, for the fight against the epidemic of front-line health care workers to send a wisp of insurance care.
As of the evening of February 3, Ping An's insurance company has completed 13 cases of new coronavirus pneumonia claims, with a total payout of more than 740,000 yuan, and all of them were completed online, avoiding the need for people to go out and communicate with each other.
As of February 1, China Taipao*** received reports from 42 life insurance customers in 15 branches, and completed the first single death benefit on the same day, in just 15 minutes. At the same time, China Taipao General Insurance Hubei branch for the drought losses suffered by the Chinese herbal medicine enterprises to quickly start the green claims channel, just two days to reach a payout of 5.98 million claims agreement, and on January 21st prepayment of compensation 5 million yuan.
Establishing a special charitable trust
***War on the epidemic, the trust industry in action.
On January 26 (the second day of the Lunar New Year) after the launch of the establishment, just two days, the first two phases of the special charitable trust fund-raising has reached 22.1 million yuan. January 28, the third phase of the charitable trust fund-raising is completed, the **** 18 trust companies to participate in the fund-raising amount of a total of 8.7 million yuan.
By now, the total number of trust companies participating in the establishment of special charitable trusts has reached 61. Subsequently, these 61 trust companies will **** the same as the special charitable trust trustees, under the guidance and organization of the China Trustee Association, through the establishment of the form of trustee management committee to participate in the entire management of the charitable trust.
It is worth mentioning that Guocong Trust, headquartered in Wuhan City, Hubei Province, donated 1 million yuan and served as the trustee of the above charitable trust.
The relevant person in charge of China Communication Trust said that after learning of the shortage of epidemic prevention materials, the company immediately decided to fund and initiate the establishment of a charitable trust. In the trust industry association and trust peer support, the company as trustee initiated the establishment of a special charitable trust, to support the prevention and control of new coronavirus infected pneumonia in Hubei to help relief work.
"As a financial institution headquartered in Wuhan, a large number of the company's employees are located in Wuhan and neighboring counties and cities, and have a very deep affection for Hubei and Wuhan, and we must be in the forefront in the fight against the epidemic." China Communication Trust relevant person in charge said.
The China Trusteeship Association pointed out that the purpose of the special charitable trust is mainly to prevent and control the epidemic by the new coronavirus pneumonia, and relief from the damage caused by it. The direction of trust property use includes donations to charitable organizations and medical systems that can legally accept donations for epidemic prevention, control and treatment related institutions, to medical staff, volunteers and the public to issue epidemic prevention and protection, compassionate deaths due to the epidemic family, the end of the epidemic for the medical research, emergency relief, and other public **** health undertakings, charitable trusts to take the open-ended, can accept additional charitable funds.
At present, the first batch of relief project funds have been completed put. At the same time, the special charitable trust is docking other funding projects in line with the purpose of the trust, strict screening, accelerated implementation, accurate placement.
On January 25, Cedar International Trust under Cedar Holdings donated 10 million yuan of funds to Wuhan Charity Federation through Guangzhou Charity Association, and donated the first batch of medical supplies to Wuhan Red Cross, including 40,000 disposable medical surgical masks, 5,000 N95 masks, and 200 pieces of protective clothing, which were used for prevention and control of epidemic in Wuhan.
On January 26, CITIC Trust and its subsidiary, CITIC Prudential Fund, donated 12 million yuan, of which 10 million yuan was donated to the Wuhan Municipal Charity Federation and 2 million yuan was donated to the Huanggang Municipal Charity Federation; on the same day, AVIC Trust donated the first batch of materials to Wuhan Red Cross - a new type of coronavirus nucleic acid testing reagents. On January 27th, Everbright Trust donated the first 3.5 million RMB to the epidemic area in Hubei to support the work of fighting the new pneumonia epidemic.
The team of support is still expanding. on February 6, Ping An Trust said that the company set up the first time by the company's party secretary, chairman Yao Guiping as the leader of the epidemic prevention leading group. The company joined hands with a number of invested enterprises in the medical, environmental protection, highway and other industries, to take practical action to fully commit to the war "epidemic", to help win the epidemic prevention and control of the war of resistance.