Financial support for foreign trade enterprises to be domestic

Song Lei SME Financing will be financially guaranteed in the context of "promoting domestic demand and protecting employment", in order to help a large number of foreign trade enterprises "transformation", the product sales to the domestic, central finance set up special funds to support. CBN reporters from the Ministry of Commerce held a recent 2009 national business Credit work will be informed that the Ministry of Commerce under the jurisdiction of the "domestic circulation" work this year to obtain 33 billion yuan of public financial support, including small and medium-sized business development of special funds, this money is about to be in place.　　As to the size of the special funds, according to the Ministry of Commerce, said, may reach hundreds of millions of yuan.　　Ministry of Commerce Department of Market Order an official told CBN reporters that in the face of the current external needs to reduce the macroeconomic situation, expanding domestic demand is very urgent to support the development of small and medium business enterprises, will be conducive to open up the domestic circulation of the market to expand consumption and improve the efficiency of the entire national economy. It is understood that this fund will initially support the enterprise in three ways. First, small and medium-sized business enterprises financing guarantee subsidy.　　This part of the work mainly by the provincial Department of Commerce to specific commitments, special funds in a certain proportion to the provincial Department of Commerce, audited qualified enterprises can obtain guarantee subsidy. A bureau official of Yunnan Province said to CBN reporter that this work can be understood as the government's financial credit for the enterprise to assume part of the operating risk.　　This part of the grant fund will be used to compensate the credit guarantee agency's compensatory loss and the supplementary risk margin. The second support is the direct subsidy of enterprises to insure domestic trade credit insurance. The funds will be distributed through the various offices of the insurance agency or the local financial system. Small and medium-sized business enterprises to cover domestic trade credit insurance, or small and medium-sized enterprises to insure domestic trade credit insurance and pay premiums of other enterprises, will be expected to be subsidized by 50% of the actual premium. "Buy 1 yuan Insurance, you can get 5 cents financial aid."　　"An official at the Ministry of Commerce said at the meeting for example.　　The third support is to help business enterprises to participate in the promotion of brand building. Due to the impact of the global financial crisis, China's foreign trade has been negative for 7 consecutive months, the second half of the forecast is not optimistic.　　A large number of small and medium-sized business enterprises are turning around, the Ministry of Commerce also encouraged foreign trade enterprises "domestic" to start the domestic consumer market often at the same time, the operation of a large number of business enterprises for employment stability is also an important pillar. In the above background, this year's large-scale SME direct financial support is the first time in 30 years of reform and opening-up. In addition to central finance, according to the CBN reporter, some local finance is also carrying out the same work.　　As a result of foreign trade enterprises have been hit, but also affect local tax and employment, local governments have taken out local finance for enterprise development financing guarantee.　　Officials at the Ministry of Commerce said at the meeting that the work could also be done by adding local finance. Jiang, Vice minister of Commerce, said at the meeting that the Department of Commercial affairs at all levels will, in cooperation with the CBRC, the CIRC and other departments, promote commercial banks and credit guarantee institutions to innovate trade financing and guarantee methods, develop warehouse receipts, policies, accounts receivable, commercial leasing mortgage loans and guarantee industries., to facilitate small and medium-sized business enterprises to obtain security services, and reduce the credit risk of enterprises and banks.