News says ABC will receive 5 billion yuan policy package

"Three rural" pilot County Branch will adopt the division system, in contrast to the rural credit cooperatives enjoy the same fiscal policy, free of business and institutional supervision fees, the implementation of differential deposit reserve ratio Xu Yihan on the eve of the listing, Agricultural Bank finally ushered in the policy support "gift package", the industry estimates, the value of 5 billion ~60 billion.　　"First Financial daily" reporter learned from the relevant government departments, in mid-May, the central bank, the Ministry of Finance, the CBRC three departments issued a joint notice, clear the Agricultural Bank "three rural finance division" reform pilot scope, management structure, operating mechanism and policy support. The document clearly, the Agricultural Bank reform pilot set in Sichuan, Chongqing, Hubei, Guangxi, Gansu, Jilin, Fujian, Shandong Province, 8 provinces and municipalities in 561 counties branch. In terms of policy support, the notice is clear, to the "Three Rural finance division" reform Pilot County branch of the agricultural loans, will be referred to the state of the rural credit cooperatives of the same fiscal and taxation policies. The pilot County branch, in contrast to the rural credit cooperatives fee policy, free of business supervision fees and agency supervision fees.　　For the pilot County Branch, the implementation of differential deposit reserve ratio. "AgBank's IPO has been offing, and the government has made clear the policy support for AgBank in the area of" agriculture and farming ", which will boost AgBank's bargaining power on IPO pricing. "A brokerage banking analyst told our correspondent," These policy concessions and support items are calculated, if quantified, can increase agricultural Bank 5 billion ~60 billion profit.　　"At present, the ABC IPO has passed the SFC Trial Committee, and preferred a A-shares before the H-share listing." Three policy "spree" will inform the policy support decomposition to see, in the tax policy, the preferential will be reflected in the business tax and income tax.　　At present, the business tax level of the banking industry is 5%, while the business tax level of the rural credit cooperatives is 3%.　　In terms of income tax, at present, Sichuan, Gansu, Shaanxi, Chongqing, Yunnan, Ningxia and other 6 provinces and cities Wenchuan earthquake-stricken rural credit cooperatives in 2009 to the end of 2013 enjoy the exemption of corporate income tax policy, Agricultural Bank of the 8 pilot Region 3 (Sichuan, Chongqing, Gansu) will be the analogy to enjoy　　Elsewhere, according to the new policy issued by the State administration of taxation in May this year, interest income on small loans for farmers in financial institutions is accounted for at 90% per cent of the total income when calculating taxable income. On the charging policy, the CBRC began to levy banking supervision fees in 2004 and adjusted the levy standards in 2007. At present, the business supervision fee is still according to the total amount of assets, including 3 trillion yuan in the following parts according to 0.016%, 3 trillion ~ 5 trillion yuan part according to 0.01%, 5 trillion ~ 7 trillion yuan part according to 0.006%, 7 trillion ~ 9 trillion yuan part according to the, 0.002% or above partial exemption. At the end of 2009, AgBank's total assets were about $8.5 trillion, and the supervision fee paid to the CBRC was about $400 million.　　However, the Agricultural credit agency enjoys a preferential policy of waiving fees and charges, and AgBank's assets will be exempt from supervision fees. On the deposit Reserve policy, the current commercial silverThe level of the line is 17%, while the rural credit cooperatives maintain at 13.5% level.　　This means that ABC's pilot "Three rural" branch of the business, the level of deposit reserve ratio will be greatly reduced, releasing more loans to finance, conducive to raising the level of asset income. One analyst told reporters that the country's agricultural bank to serve the "three rural" preferential support policy, all in the rural credit cooperatives currently enjoy the policy framework, and there is no analogy to agricultural issues such as the policy of business to enjoy the support policies, such as loan cancellation policy.　　This means that AgBank's support for the "three rural" positioning lies in the commercialization, market-oriented operation, which will help to dispel the market's misunderstanding of AgBank's "Three farmers ' policy support without cost". To clarify the cause of the operation of the mechanism of the market for Agricultural Bank to serve the "three rural" another controversial focus, is "unknown mode" problem.　　In addition to the clear policy support for AgBank, the notice to the Agricultural Bank of Agriculture to serve the "three rural" division of business Operation requirements.　　Agricultural Bank is currently in the implementation of the Division of Management structure, "head Office-pilot Provincial Branch-local branch management" of the "three-level supervision", county-level sub-branches "first Class management" framework. The notice states that conditional provinces can explore the provincial branches of the "Three Rural finance Division" management department directly manage the county branch of the model to shorten the management chain.　　The county sub-branch according to the basic principle of the system of reform, add "Agricultural Bank of China, three agricultural sector" brand, become an independent business unit. This independent business unit has relatively large operating autonomy and corresponding incentive and restraint mechanism.　　The internal organizational structure is transformed from "management-oriented" to "management-type", streamlining the backstage department, enriching the first line of business for county and rural financial market, strengthening its ability of market-oriented and decision-making, and further strengthening the position of the main business. The notice is clear, to include the "Three Rural finance division" reform Pilot County Branch, also proposed "six separate", namely: perfect individual Capital management mechanism, separate credit management mechanism, separate accounting system, separate risk allocation and write-off mechanism, separate fund balance and operation mechanism, independent appraisal incentive and restraint mechanism.　　In particular, the individual capital Management mechanism, the county Department will refer to the corporate capital adequacy ratio management model, separate allocation of the business unit operating capital.　　The notice also clearly, the County Division Limited in the county scope to carry out the deposit and loan business, not across the county area to carry out business. According to the reporter understand, at the end of April this year, ABC held in Beijing to deepen the "Three rural finance division" reform work conference, stressed to deepen the "Three rural finance division" reform, and focus on the construction of Agricultural Bank to serve the "three rural" new platform.