CCTV News: The State Administration for Financial Supervision and Administration issued a notice on March 14, proposing specific measures to optimize consumer finance policies to help boost consumption based on enriching financial products, facilitating financial services, and creating a good consumption environment.

The State Administration for Financial Regulation requires financial institutions to tailor financial products to new consumption scenarios such as digital, green, and intelligence to better meet personalized and diversified financial needs. Increase credit allocation to consumer service industries such as wholesale and retail, accommodation and catering, cultural tourism, education and training, health and elderly care.

Banking financial institutions are encouraged to increase the issuance of personal consumer loans, reasonably set consumer loan quotas, terms, and interest rates, and optimize resource allocation under the premise of controllable risks. On the premise of effectively verifying identity and controlling risks, explore the online opening and activation of credit card business.

At the same time, personal consumption loan relief will be carried out. Banking financial institutions can reasonably agree on the term and frequency of loan repayment based on the borrower's credit history and repayment guarantee for borrowers who are temporarily in trouble. According to the borrower's application, loan renewal support will be provided to qualified borrowers after passing the review.

In terms of optimizing the consumer finance environment, the head of relevant departments and bureaus of the State Administration for Financial Regulation stated that banking financial institutions should regulate the terms of consumer loan contracts and clearly state the final comprehensive financing cost. At the same time, we will increase joint punishment and crackdown on behaviors such as disrupting market order and infringing on the rights and interests of financial consumers.

SASAC: This year, central enterprises should increase the proportion of revenue of strategic emerging industries.

The reporter learned from the special promotion meeting for deepening and improving the reform of state-owned enterprises held on March 14 that as of the end of last year, the average completion rate of the main tasks of the deepening and improving the actions of central enterprises in various places and central enterprises exceeded 70%. This year, the State-owned Assets Supervision and Administration Commission of the State Council requires central enterprises to increase the revenue share of strategic emerging industries. In the field of scientific and technological innovation, leading enterprises should take the lead in promoting major research and development, create more "national weapons" and "trump card"; closely track technological innovation in important areas, and implement the "Artificial Intelligence +" special action.

The pilot program of integrated domestic and foreign currency funds for multinational corporations continues to expand

The reporter learned from the People's Bank of China on March 13 that the People's Bank of China and the State Administration of Foreign Exchange decided to further expand the pilot program of integrated domestic and foreign currency funds for multinational corporations in Tianjin, Hebei, Inner Mongolia, Heilongjiang and other provinces to facilitate the coordinated use of cross-border funds for multinational corporations.

The pilot content mainly includes: First, multinational corporations are allowed to decide on the centralized ratio of foreign debt and overseas loans based on the principle of macro-prudentiality; second, multinational corporations are allowed to handle centralized collection and payment of domestic and foreign currencies of overseas member enterprises through the main domestic fund account; third, further facilitate multinational corporations to carry out cross-border revenue and expenditure business in RMB; fourth, capital account changes that do not involve foreign debt and overseas loan amounts can be handled directly by the bank.

The People's Bank of China stated that the next step will be to promote institutional opening in the foreign exchange field, accelerate the improvement and expansion of cross-border fund management policies for multinational corporations, continuously improve the level of cross-border trade and investment and financing facilitation, and better serve the high-quality development of the real economy.