National Development and Reform Commission:
National and local “two new” supporting details are fully released
At the national level, after the release of several measures to strengthen support for the "two new", the equipment update project declaration notice, as well as the implementation details of equipment update in eight fields including industrial equipment, energy-consuming equipment, environmental infrastructure, operating ships, operating trucks, new energy buses, agricultural machinery, and old elevators, and the implementation details of the trade-in of consumer goods in four fields including automobiles, home appliances, electric bicycles, home decoration, kitchen and bathroom, these supporting measures have all been issued and implemented.
At the local level, 31 provinces (autonomous regions, municipalities directly under the Central Government), 5 cities under separate state planning and the Xinjiang Production and Construction Corps have all introduced implementation plans to strengthen support for the "two new" policies, and at the same time issued various local supporting implementation details, more than 140 copies.
It can be said that the policy system of using ultra-long-term special treasury bond funds to support the "two new" policies has been completed, laying a solid foundation for work this year and even in the future.
3000100 million yuan of ultra-long-term special government bonds have been fully issued
In terms of equipment renewal, the National Development and Reform Commission, together with relevant departments, optimized support methods, simplified the approval process, and screened out more than 4,600 eligible equipment renewal projects in accordance with the principle of "local review and national review". In the field of equipment renewal, 150 billion yuan of national debt funds have been allocated to the projects in 2 batches in accordance with relevant regulations and procedures.
Regarding the trade-in of consumer goods, the National Development and Reform Commission and the Ministry of Finance have reasonably determined the scale of financial support based on factors such as the permanent population of each region, regional GDP, and the number of cars and home appliances. In the trade-in of consumer goods, all 150 billion yuan of government bond funds have been distributed to local governments in early August.
DepartmentsSupport policies for departments, localities, and e-commerce platforms have been fully launched
So far, all 10 additional measures to support large-scale equipment updates and trade-in of consumer goods have been launched, and various localities have also introduced a series of detailed implementation measures.
For example, 20 regions including Beijing, Tianjin, and Shanghai have introduced car replacement and renewal policies for individual consumers. For another example, 31 regions including Jiangsu, Zhejiang, and Hubei have implemented new home appliance trade-in subsidies. E-commerce platforms such as JD.com, Tmall, and Suning.com fully participate in the trade-in of home appliances.
National Development and Reform Commission:
In the first eight months, the contribution rate of investment in the purchase of equipment and tools to the total investment growth reached 64.2%
This has effectively promoted investment growth. The equipment update policy continues to advance, effectively mobilizing the enthusiasm of business entities to update various equipment such as production, energy consumption, and elevators.
In the first eight months, investment in the purchase of equipment and tools increased by 16.8%, 13.4 percentage points higher than all fixed asset investment (excluding farmers), and its contribution to the growth of all investment reached 64.2%, 3.5 percentage points higher than the previous seven months, indicating that after the implementation of the intensified policy, the boost in AugustThe effect is more obvious.
In AugustIn August, the retail sales of new energy vehicles were 1.027 million units, a significant increase of 17% month-on-month
effectively unleashing consumption potential. Trade-in policies for old goods for new ones have been implemented in various places, driving a significant increase in sales of key consumer goods.
For example, data from the China Automobile Dealers Association shows that the national retail sales of passenger cars in August were 1.905 million units, a significant month-on-month increase of 10.8%; among them, the most eye-catching one is the retail sales of new energy vehicles of 1.027 million units, a significant month-on-month increase of 17%.
As another example, data from the National Bureau of Statistics show that retail sales of household appliances and audio-visual equipment have turned from falling to rising, with sales in August increasing by 3.4% year-on-year.
Judging from the platform and store conditions, the consumption of trade-in home appliances has grown rapidly recently. From August 26 to September 21, the sales of home appliances such as refrigerators, washing machines, TVs, air conditioners, and computers on JD.com increased by 128.8%, 86.3%, 130.6%, and 24% year-on-year respectively. 0.5%, 52.2%, the growth rate of these five types of electrical appliances increased by at least 52.2%, the growth rate is very obvious; from September 1st to 21st, Suning.com’s national store traffic doubled, and the sales of computers and air conditioners achieved rapid growth of nearly 300% and 100% respectively. The data of these two companies can reflect very intuitivelyThe significant effects of the “two new” policies have emerged.
The production of equipment manufacturing, automobiles, home appliances and other industries has grown rapidly
This has effectively promoted industrial development. The "two new" work continues to stimulate demand potential, and the effects of relevant policies are being transmitted to the supply sector,promoting rapid growth in production in equipment manufacturing, automobiles, home appliances and other industries.
Taking key areas of equipment renewal such as transportation and communications as examples, in August, the added value of manufacturing industries such as ships and related devices, urban rail transit equipment, and communication equipment increased by 23%, 17.1%, and 10.3% year-on-year respectively; the output of household washing machines, smart TVs, household refrigerators and other products also achieved rapid growth.
At the same time, we should also note that many companies are optimistic about the development prospects of the "two new" fields and have increased investment in equipment manufacturing, consumer goods production and other fields. In the first eight months, investment in equipment manufacturing, consumer goods manufacturing, and raw material manufacturing increased by 10%, 14.9%, and 9% respectively.
All regions have solidly carried out the renovation of old residential elevators and the renovation of environmental infrastructure
This has effectively improved people's livelihood and well-being. Solving the urgent, difficult and anxious problems of the masses and improving the living environment of residents are important goals of the "two new" work. In this regard, we have carried out a lot of work together with relevant localities and departments.
For example, focus on the shortcomings and weak links of construction and municipal administration, and promote the solid implementation of the renovation of old residential elevators and environmental infrastructure upgrades in various localities. In the first eight months, investment in the electricity, heat, gas and water production and supply industries, which are closely related to municipal construction, increased by 23.5%.
Another example is to focus on improving the quality of public services in education, medical care, cultural tourism and other fields, to further promote the updating of equipment in the social field, and to comprehensively promote the transformation and upgrading of smart cultural tourism. Recently, CCTV conducted in-depth interviews and reported on the update of hospital color ultrasound machines and CT machines, as well as the new facilities upgrade of the National Library. There were many typical cases, which vividly demonstrated the implementation of the "two new" policies.
Helping to promote the comprehensive green transformation of economic and social development
Strongly supports the green transformation. The important goal of the "two new" work is to reduce production costs, improve the quality of life, and help promote the comprehensive green transformation of economic and social development through the use of more energy-saving and low-carbon products.
Driven by the "two new" policies, the new energy vehicle industry is growing well. In August, the output of new energy vehicles and charging piles increased by 30.5% and 97% year-on-year respectively. The penetration rate of new energy vehicles reached 53.9%, exceeding 50% for two consecutive months.
Retail sales of energy-saving home appliances are growing rapidly. According to preliminary statistics, from August 26 to September 8, 1Online sales of energy-efficient refrigerators, air conditioners, washing machines, televisions, and gas water heaters increased by 54.6%, 140.2%, 31.8%, 396.2%, and 78.41% respectively year-on-year, which was much faster than the overall level of home appliances in the same category.
At the same time, positive progress has been made in recycling and standard improvement actions. In the first eight months, more than 5,900 smart community waste material recycling facilities were added across the country, and 4.21 million scrapped cars were recycled, a year-on-year increase of 42.4%.
The formulation and revision of standards in key areas have been accelerated, providing more powerful support for deepening green transformation.
National Development and Reform Commission:
First, further strengthen progress scheduling and supervision.
Give full play to the role of the "two new" inter-ministerial joint meeting system and supervise the implementation of key tasks.
In order to carry out in-depth grassroots research, promptly discover various blocking problems that restrict the implementation of the "two new" policies, and promptly propose pragmatic and effective measures.
Report progress, promote experiences and practices, and supervise and remind departments and regions where progress is slow.
The second is to further strengthen fund supervision and managementreason.
The National Development and Reform Commission has formulated fund management measures for ultra-long-term special treasury bonds to support the "two new" projects, clarifying full-chain management regulations to ensure that the funds are truly used for the "two new" work.
The National Development and Reform Commission will work with relevant departments to implement the measures, and through joint research and supervision, focus on the use and management of funds in various regions and fields to ensure that the funds are in line with the investment direction.
Any behaviors such as subsidy fraud, subsidy arbitrage, misappropriation of funds, etc. that occur in certain places will be seriously dealt with in accordance with laws and regulations in conjunction with relevant departments.
The third is to further strengthen policy publicity and interpretation.
After today’s press conference, the National Development and Reform Commission will further work with relevant departments to guide local innovation methods to continue to interpret the policy, so that more and wider enterprises and people can understand and enjoy the policy.
Timely release of ultra-long-term special treasury bonds and equipment renewal loan interest discount funds
Ministry of Finance:
First, directly arrange 150 billion yuan of ultra-long-term special treasury bond funds to local governments in batches.
The National Development and Reform Commission took the lead and determined the fund scale of each region based on factors such as the resident population, GDP, automobile and home appliance ownership in each region. The Ministry of Finance immediately allocated 90 billion yuan of funds to local governments at a ratio of 60%. It also required all provinces to quickly break down the budget funds and distribute them to relevant departments at the same level or lower-level financial departments to effectively ensure that various regions start relevant work in a timely manner.
At the same time, the Ministry of Finance closely tracks the progress of local work, grasps the progress of fund use in real time, and timely releases the remaining 60 billion yuan of funds based on the actual progress of local work, effectively ensuring the demand for trade-in subsidy funds for consumer goods during the Mid-Autumn Festival and National Day.
The second is to release special funds for large-scale equipment updates in a timely manner.
After receiving the list of ultra-long-term special government bond fund support equipment update projects forwarded from the National Development and Reform Commission, the Ministry of Finance immediately initiated the budget release process and released relevant funds, and required local financial departments at all levels to allocate funds in a timely manner according to the project implementation progress to ensure the orderly implementation of relevant projects.
The third is to allocate the first equipment renewal loan interest subsidy funds.
Application for central fiscal optimization fundsAccording to the process, interest subsidy funds are pre-allocated to the provincial finance, and the provincial finance pre-allocates interest subsidy funds to banks on a quarterly basis. The banks directly deduct interest when collecting interest. Business entities can enjoy preferential interest rates without applying.
The Ministry of Finance has arranged 20 billion yuan in interest discount funds for equipment renewal loans. Currently, the first batch of 8 billion yuan in interest discount funds has been allocated. Boost the enthusiasm of operating entities for equipment renewal and accelerate equipment renewal and technological transformation.
In addition, strengthening support for the "two new" work involves large capital investment and involves many fields, and it is necessary to continuously strengthen fund supervision to ensure fund security.
In this regard, the Ministry of Finance cooperated with the National Development and Reform Commission and other departments to establish a regular scheduling mechanism to closely track the progress of policy implementation and consolidate the main responsibilities of project and fund management in various places.
At the same time, the "negative list" for the use of funds is clarified, requiring relevant funds not to be used for the average budget, repaying government debts or cleaning up arrears of corporate accounts, "three guarantees" expenditures, etc., and through online monitoring, offline verification and other specific measures to prevent the squeeze and misappropriation of funds, so that the "real money" policy can be implemented and achieve early results.
Re-loans for technological innovation and technological transformation, 70% of the cumulative contracted loans support small and medium-sized enterprises.
ChinaPeople's Bank of China:
The financing needs of enterprises in equipment renewal are mainly met by bank loans, and the People's Bank of China provides support through re-lending policy tools. In April this year, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the People's Bank of China, together with the National Development and Reform Commission and other departments, created a re-loan for scientific and technological innovation and technological transformation with a scale of 500 billion yuan and an interest rate of 1.75%. Among them, a quota of 100 billion yuan will be arranged to support "first loans" for technology-based small and medium-sized enterprises in the start-up and growth stages; a quota of 400 billion yuan will be arranged to specifically support equipment updating and technological transformation projects in key areas, and priority will be given to supporting relevant projects declared by small and medium-sized enterprises.
Since the implementation of the policy, relevant departments have carefully organized project selection and have pushed a total of 13,000 alternative projects in 3 batches to banking institutions; the People's Bank of China and other departments have guided banking institutions to establish special working mechanisms, strengthen resource protection, speed up docking and due diligence, and increase credit support for project financing in accordance with market-oriented principles.
Relevant work has made positive progress. The equipment update projects pushed have basically achieved "full coverage" of financing docking and due diligence. The cumulative contracted loan amount is 230 billion yuan, and the weighted average interest rate is 3.1%, which is 25 basis points lower than the one-year LPR interest rate (3.35%). This has strongly supported the implementation of technological transformation and equipment update projects in key areas. According to statistics, 70% of the funds support small and medium-sized enterprises.
At the same time, the People’s Bank of China continues to promoteWe will do a good job in science and technology finance, green finance, inclusive finance and other related work to create a good financial environment for small and medium-sized enterprise financing.
For example, the Joint Development and Reform Commission and other departments issued the "Work Plan on Solidly Doing a Good Job in Science and Technology Finance" to strengthen full life cycle financial services for technology-based enterprises.
Give full play to the role of carbon emission reduction support tools and inclusive small and micro loan support tools, and add 100 billion yuan in new loan quotas to support agriculture and small businesses, and encourage and guide financial institutions to increase support for the development of small and medium-sized enterprises and green and low-carbon transformation.
As of the end of August this year, technology-based small and medium-sized enterprise loans and inclusive small and micro loans had increased by 21% and 16% respectively year-on-year, both significantly higher than the growth rates of various loans in the same period.
Regarding the problem of insufficient mortgage and difficulty in obtaining financing support, how to reduce the difficulty of corporate financing?
People's Bank of China:
Insufficient collateral is not a unique problem in the financing of small and medium-sized enterprises that implement equipment renovation, but a common problem faced by small and medium-sized enterprises in financing. In the past few years, the People's Bank of China has organized financial institutions to continue to carry out financial service capacity improvement projects and strengthen the long-term mechanism construction of "dare to lend, willing to lend, able to lend, and capable of lending". The main tasks include the following four aspects:
First, improve risk assessment and credit technology to reduce loan losses.Reliance on security.
Support banking institutions in developing "technology flow" risk assessment models, taking corporate innovation and growth as important factors in credit ratings, without paying too much attention to collateral, and increasing corporate credit loan limits. Strengthen the use of financial technology means, deeply explore and integrate various types of enterprise-related credit information, accurately assess the risks of small and medium-sized enterprises, and provide support for the issuance of credit loans.
The second is to strengthen innovation in credit products and services and support enterprises in key fields to enhance their loan-bearing capabilities.
Vigorously promote intellectual property pledge loans and innovation points loans, standardize the development of supply chain financial services, and better match the "light assets, heavy intelligence" characteristics of enterprises in high-tech, cultural tourism and other fields. Give full play to the role of the unified registration and publicity system for movable property financing, expand the scope of mortgages such as living organisms and breeding facilities, and help revitalize the asset resources of agricultural business entities.
The third is to improve the due diligence exemption system and increase the enthusiasm of credit practitioners to be willing to lend.
Jointly with the financial regulatory authorities to guide and urge banking institutions to establish and improve the due diligence exemption system, increase the exemption ratio of small and micro enterprise credit practitioners, and appropriately increase the tolerance of non-performing loans. Especially in terms of technology loans and green loans, the standards and processes for identifying due diligence exemptions will be refined to relieve front-line credit staff from worries.
The fourth is to improve the financing service supporting mechanism and create favorable conditions to improve the availability of corporate financing.
Guide the local branches of the People's Bank of China to rely on local credit reporting platforms, financing service promotion platforms, etc., to build a normalized, convenient, and networked bank-enterprise docking mechanism. Promote local governments to expand the openness and sharing of public information, establish and improve financing guarantees, risk compensation, intellectual property transaction assessment and other mechanisms to effectively play a supporting role.
At present, the relevant work has achieved initial results. As of the end of August 2024, the number of inclusive small and micro loan credit households exceeded 62 million, covering more than one-third of business entities; the loan rate for technology-based small and medium-sized enterprises was nearly 50%; manufacturing credit loans accounted for 38%, an increase of 7 percentage points in the past three years.
National Development and Reform Commission:
First, the waste material recycling network is constantly improving.
In response to problems such as insufficient recycling channels, the National Development and Reform Commission and relevant departments have in-depth promoted the "two-network integration" of garbage classification outlets and waste material recycling outlets to improve the accuracy of recyclable classification.
As of now, about 150,000 recycling outlets have been built across the country.There are about 1,800 similar large-scale sorting centers, which effectively solves the problem of insufficient and imperfect recycling outlets in the past.
Second, the processing and utilization of renewable resources has been continuously strengthened.
In response to problems such as the low quality of waste resource recycling, we will carry out in-depth construction of national "urban mineral" demonstration bases, 60 key cities for waste material recycling, and 100 bulk solid waste comprehensive utilization demonstration projects to guide the further agglomeration and large-scale development of the renewable resource processing and utilization industry.
Up to now, the comprehensive utilization rate of bulk solid waste in the country has reached 59%. The utilization of 10 major renewable resources such as scrap steel and scrap non-ferrous metals has increased significantly every year. The annual utilization of scrap steel has reached 260 million tons.
Third, the recycling system and mechanism are constantly improving.
In view of the difficulties faced by enterprises in deducting and reducing taxes, resource recycling enterprises continue to promote "reverse invoicing" to sellers of scrapped products, thereby reducing the operating costs of recycling enterprises.
In response to the land use problem that has plagued the industry for many years, local governments are guided to incorporate waste recycling facilities into municipal and county land and space planning to provide land support for recycling.
In response to the problem of environmental pollution caused by unregulated small workshops, we must thoroughly implement standardized conditions for the comprehensive utilization of decommissioned power batteries and vigorously open up clue reporting channels.Strengthen environmental supervision and law enforcement, and resolutely crack down on "workshop-style recycling and dismantling" and other environmental violations.
ANNA