(a) the use of foreign loans (including buyer's credit, seller's credit, development funds, funds, free foreign exchange, compensation trade, etc., hereinafter the same), the introduction of technology and imported equipment must be based on the development of the national economy's guidelines, policies and requirements, planned and organized.
(B) the use of foreign loans to introduce technology and imported equipment for large and medium-sized capital construction projects, must be included in the long-term and annual national economic plan for a comprehensive balance.
(C) the use of foreign loans for capital construction projects, in addition to the approval of the state "collectively borrowed and repaid", generally should be "borrowed and repaid".
(D) the use of foreign loans, must be pragmatic. Priority should be given to the use of foreign exchange less, more foreign exchange, fast, profitable projects, and effectively guarantee the repayment of principal and interest on schedule.
(E) loans by the Bank of China in accordance with the national long-term and annual foreign exchange revenue and expenditure plan unified financing. Second, the approval process
The use of foreign loans for the introduction of technology and imported equipment, respectively, by the competent departments or provinces, municipalities and autonomous regions in accordance with the requirements of the project proposal to submit applications, by the Import and Export Management Committee in conjunction with the State Planning Commission agreed to review the foreign technical inspection, technical negotiations and informal inquiry. The competent ministries or provinces, municipalities and autonomous regions shall, on the basis of the results of the external work, submit feasibility study reports, together with the fulfillment of the conditions for various domestic collaborations and cooperation, as well as the agreements signed with the relevant departments and regions, to the Import and Export Control Committee and the State Planning Commission for approval. In reviewing the introduction of projects, the Import and Export Control Committee, in conjunction with the State Planning Commission and the State Construction Committee, organizes the participation of the State Economic Commission, the State Science and Technology Commission, the Ministry of Finance, the Ministry of Foreign Trade, the Ministry of First Machine Tools, the Bank of China, the Construction Bank and the General Bureau of Materials, etc., and focuses on the review of whether the manpower, material and financial resources required by the introduction of the project are balanced and implemented in line with the arrangements of the national economic plan, whether the geologic resources are reliable, whether they are technologically advanced and economically reasonable, and whether the price of introduction is reasonable. Whether the geological resources are reliable, whether they are technologically advanced, whether they are economically reasonable, whether the price of introduction is appropriate, and whether it is possible for part of the equipment to be manufactured, delivered and matched domestically, as well as whether it is possible to mobilize foreign funds and conditions for the repayment of capital and interest. According to the results of the review, put forward the views of the State Council for approval, and then by the State Planning Commission in conjunction with the Import and Export Administration Committee to review and approve the program mission statement.
After the approval of the plan task book, belonging to the "unified borrowing and repayment" project, the Ministry of Finance countersigned by the Bank of China, belonging to the "self-borrowing and repayment" project, the Bank of China and the borrowing unit to sign the corresponding loan contract, and copied to the Ministry of Finance, before the external Formal transaction. Third, plan management
The use of foreign loans to introduce technology and imported equipment for capital construction projects, approved by the State Council, were included in the annual and long-term foreign exchange, financial and capital construction plans, to improve the overall balance.
Foreign exchange plan, in the income, to be listed separately in the national unified borrowing and departments, regional borrowing of foreign exchange income; expenditures, to be listed separately in the national unified borrowing to repay the principal and interest and departments, regional borrowing to repay the principal and interest of foreign exchange expenditures. In order to ensure foreign compliance, foreign exchange expenditures should first arrange to repay the principal and interest of the loan, and then arrange other expenditures. Belong to the departments and regions to repay the principal and interest on their own borrowing part, should be in the completion of the country's normal export and transfer tasks under the premise that there is a reliable export materials to ensure.
The financial plan, belonging to the state "unified borrowing and repayment" part of the state budget revenue in the "foreign borrowing income", the state budget expenditure is listed in the "use of foreign loans project spending allocations ". When the loan is repaid, it is listed as "Debt Service on Foreign Borrowings" in the budget expenditures according to the repayment plan.
The capital construction program is divided into "investment within the state budget" and "investment using foreign loans". The investment in the state budget includes the investment in domestic supporting works and equipment for the imported projects, management fees, domestic freight charges, as well as tariffs, industrial and commercial taxes, interest on borrowed funds, and handling fees for banks and foreign trade departments, etc., which need to be paid for the imported projects.
The scale, progress and introduction of the project requires raw materials, fuel, power, transportation and other collaborative conditions, should be included in the national economic plan, balanced implementation. Fourth, the price
The use of foreign loans, including the state "unified loan" and departments, regions, "self-borrowing and repayment" of the introduction of the project, the price of its domestic, the current pricing methods for the time being, and later on, according to the State Council's approval of the foreign exchange settlement of the trade price Calculation. V. Financial treatment during the repayment period
The state is responsible for the introduction of the "unified loan and repayment" of the project, after the commissioning of its taxes and profits, depreciation of the solution, in accordance with the current methods of domestic investment enterprises.
Sectors or regions responsible for the introduction of "self-borrowing and repayment" of the project, in the repayment of the loan principal and interest during the introduction of the project to realize the profits and depreciation, can be used to repay the loan. If some enterprises have difficulties, they can apply for tax reduction or exemption with the consent of the tax authorities. After repayment of the loan principal and interest, that is, in accordance with the current provisions of the enterprise, into the budget management.
The introduction of the project went into operation, the need for production of working capital, the financial sector and the People's Bank of China to make arrangements, respectively, into the financial plan and credit plan. Sixth, the financial and banking supervision
The use of foreign loans to introduce technology and imported equipment projects, in the construction and repayment process, in strict accordance with the approved introduction of the plan, infrastructure allocation procedures and contracts signed with foreign countries. The use of loans to the financial sector, the Bank of China and the construction bank to report regularly on the use of funds and repayment, the bank and the financial sector has the right to check the progress of the project and the use of funds, found that the improper use of funds or not in accordance with the contract to return the loan
money, the right to take economic sanctions.