People's Bank of China recently issued a notice to all levels of the Bank to increase working capital loan to support avian influenza prevention and control.
The Central Bank said that the relevant financial institutions to focus on poultry farming, poultry product processing enterprises, avian influenza vaccine production enterprise has issued a fixed-point but has not yet expired working capital loan during the outbreak occurred as enterprise practical difficulties extend repayment period.
During the outbreak, has expired and a working capital loan arrears of damaged enterprise, the lending bank waiving penalty interest loans. To focus on poultry farming enterprise, poultry product processing enterprises and avian influenza vaccine fixed-point production enterprise (specific list of the departments concerned by the Ministry of agriculture) of responding to the avian influenza outbreak in the working capital loan, financial institutions should give the necessary support in a timely manner, ensuring the maintenance of the enterprise during the outbreak occurred and the basic operation of the funds needed for production.
Since 1 November 2005 to 30 June 2006, national finance according to the current one-year loan interest rate of 50% on eligible loans give discount on immunization.
Notifications that have already occurred avian influenza outbreak areas of financial institutions to follow the "handling the special matter, jishijiban" principle, in granting the loan approval and funds allocation liquidation for outbreak control opening convenient channel, improve service, increase service efficiency; yet to appear in areas of financial institutions to actively do emergency preparedness. Border provinces (autonomous regions) of the financial institutions to highly concerned about avian influenza outbreak in neighbouring countries to the Chinese border bordering zones of diffusion spreads, proactively doing a first-line prevention work.
The Bank requires that all relevant financial institutions pay close attention to bird flu developments and their implications for local economic, agricultural and subsidiary products price trends, credit investing and financial security, strengthen and local government departments related to the outbreak control information between Exchange and communication, the discovery of new situations and problems, to keep the people's Bank of China and the China Banking Regulatory Commission report.
In addition, all financial institutions should focus on the prevention and control of epidemic liquidity loans give strong support at the same time, strengthening the loan application and loan investment monitoring and analysis to prevent epidemic prevention funds misappropriated and produce new bad loans.
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