Each district, city, county (city) finance bureau, competent department for small and medium-sized enterprises, local financial supervision bureau, People's Bank of China Nanjing Branch Business Management Department, various city center branches, various banking and insurance regulatory branches, and relevant financial institutions:

According to the Notice of the Provincial Government on Several Policy Measures to Promote the Overall Improvement of Economic Operation (Su Zheng Gui [2023] No. 1) and the requirements of the 6th meeting of the Provincial Government's Leading Group for Promoting the Development of Small and Medium sized Enterprises, in order to support the development and increase production and efficiency of small and medium-sized enterprises in our province, the relevant work notice on expanding the scale of the Special Fund Loan for Relief, Production and Efficiency of Small and Medium sized Enterprises in Jiangsu Province (hereinafter referred to as the Special Loan) is as follows:

1、 Loan support recipients

The total scale of special loans has been further expanded to 20 billion yuan based on the "Notice on Establishing Special Fund Loans for Relief, Production and Efficiency Enhancement of Small and Medium sized Enterprises in Jiangsu Province" (Su Caijin [2023] No. 22), to support small and medium-sized enterprises registered and established before the end of June 2022 in our province, facing temporary liquidity difficulties and still operating normally, mainly including manufacturing, transportation, wholesale and retail, accommodation and catering Sports and tourism industries.

2、 Loan amount, interest rate, and term

Small and medium-sized enterprises that meet the conditions have a maximum loan limit of 5 million yuan per household and a minimum loan limit of 500000 yuan. Within the total loan scale and single household limit, the same enterprise can only apply for one special loan support, and the loan issuance date is no later than December 31, 2023, first come, first served, and used up. Encourage banks to actively issue small loans, credit loans, and down loans using special loans (there is no loan record in the People's Bank of China's credit reporting system), with credit loan scale accounting for no less than 30% and down loan households accounting for no less than 30%, and tilt towards small and micro enterprises. The special loan interest rate shall not exceed the one-year loan market quoted rate (LPR)+50 basis points at the time of loan issuance. The loan term is a minimum of one year and a maximum of three years.

3、 Loan bank

The banks issuing special loans include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank, China CITIC Bank, Huaxia Bank, SPDB, China Merchants Bank, China Guangfa Bank Bank, Everbright Bank, Minsheng Bank, Ping An Bank, Industrial Bank, Hengfeng Bank, China Zheshang Bank, China Bohai Bank, Bank of Shanghai, Bank of Ningbo, Bank of Beijing and other provincial branches, as well as Bank of Jiangsu Nanjing Bank, Suzhou Bank, Jiangsu Rural Credit System and other provincial legal entities. The list of participating banks should be adjusted in a timely manner according to work needs.

4、 Application Procedure

Special loans are applied for online through the provincial Financial inclusion development risk compensation fund service platform (website: www.jsphjr. com). After qualified enterprises log in and register on the service platform, click "I want loans" - "special fund loans for relief production and efficiency increase", and fill in and apply as prompted. The time for bank loan review, credit extension, and disbursement shall not be earlier than the loan application time of the relevant enterprise on the service platform. Banks should promptly register and record loan issuance information on the service platform. When the total loan scale reaches 20 billion yuan, the service platform will stop accepting bank loan registration and filing.

5、 Loan discount

The provincial finance will provide an annualized 1% discount on the loan amount for eligible special loans, with a discount period of one year. The discount funds are pre allocated first and settled later. The provincial finance department will pre allocate them in installments to various banks and provincial branches (including the head office of the provincial legal person bank and the provincial rural credit cooperatives) based on the issuance of special loans by each bank. After the policy expires, unified settlement will be made. Banks adopt a "first subsidy and then supplement" approach for special loan enterprises, which means that when issuing special loans, banks should agree with the enterprise in the loan contract that during the period when the enterprise enjoys the financial discount policy, the financial discount will be 1 percentage point, and the financial discount will be directly deducted from the discount funds pre allocated by the provincial government when collecting interest. Enterprises do not need to advance the financial discount. Loans supported by other discount interest policies, loans supported by the provincial finance Financial inclusion development risk compensation fund policy, and enterprises that have applied for special loan support in the previous period shall not apply for and enjoy this discount interest policy repeatedly.

6、 Incentive support

The People's Bank of China Nanjing Branch provides support to various lending banks through the coordinated use of the policy of re lending and re discounting. The Jiangsu Banking and Insurance Regulatory Bureau has included the implementation of special loans in the regulatory evaluation of small and micro enterprise financial services. The provincial and local financial supervision bureau will include the implementation of special loans in the evaluation of the effectiveness of banking institutions in serving the real economy. Encourage local and relevant industry regulatory authorities to actively promote special loan policies, provide banks with a whitelist of eligible enterprises, and help enterprises obtain special loan support as soon as possible.

7、 Negative List

Special loans shall be used for the normal production and operation activities of enterprises, shall not be used to repay other debts of enterprises, shall not be used for arbitrage activities such as financial investment and wealth management, and shall not be used to invest in projects prohibited or restricted by national industrial policies. The support targets for special loans do not include enterprises in the real estate industry, financial industry, investment and asset management, local government investment and financing platforms, and local state-owned enterprise capital operation platforms. Special loans are not supported for borrowing enterprises and their actual controllers in any of the following situations when granting loans: there are overdue loans that have not been repaid in the current period; Be included in the list of the people's court's Defaulted executee; The credit rating of the enterprise's environmental impact assessment is below (including) red; Tax credit rating D level.

8、 Relevant requirements

When applying for a special loan, enterprises should make a written commitment to the bank that they meet the relevant conditions for the special loan (see the attached template for the commitment letter). Banks should fulfill their loan review responsibilities and strictly control special loan applications in accordance with market-oriented principles. We need to simplify approval documents, optimize the loan review process, accelerate loan disbursement, and do a good job in post loan management to prevent enterprises from illegally using loan funds. Encourage banks to develop and implement supporting measures such as due diligence and exemption under the guidance of special loan policies, and increase support for key industry enterprises. It is not allowed to falsely report, falsely claim, intercept, embezzle, or misappropriate discounted interest funds, and it is not allowed to guide this bank and other banks to convert their normal loans into special loans through early repayment or other methods, in order to obtain discounted interest funds. If the interest subsidy funds are embezzled or fraudulently obtained due to illegal and irregular operations, the bank shall be responsible for recovering the relevant interest subsidy funds.

Attachment:

Credit Commitment Letter for Special Fund Loan for Relief, Production and Efficiency Enhancement of Small and Medium sized Enterprises in Jiangsu Province. xls

Jiangsu Provincial Department of Finance

People's Bank of China Nanjing Branch

Jiangsu Provincial Department of Industry and Information Technology

Jiangsu Provincial Local Financial Supervision and Administration Bureau

Jiangsu Banking and Insurance Regulatory Bureau

July 7, 2023