In order to thoroughly implement the spirit of the Party's 20th National Congress and the Central Economic Work Conference, recently, the People's Bank of China, the Ministry of Transport and the Banking and Insurance Regulatory Commission jointly issued the "Notice on Further Doing a good job in the field of Transportation logistics Financial support and Services" (hereinafter referred to as the "Notice") to help the high-quality development of the transportation logistics industry and the construction of a powerful transportation country.

The Notice emphasizes that doing a good job of financial support and services in the field of transportation logistics, promoting the upgrading of transportation logistics, and helping the healthy development of market players is an important embodiment of the political and people's nature of the practice of financial work. The financial sector should put good financial services in the field of transportation logistics in an important position, use all policy tools to make full use of, increase financial support, help the national economy to smooth circulation, the stability of the industrial chain and supply chain, and promote the coordinated and sustainable development of transportation logistics and the economy and society.

The "Notice" requires that banking financial institutions should improve organizational security and internal incentive mechanisms, innovate and enrich credit products that meet the needs of the transportation logistics industry, and effectively increase credit support. Banks are encouraged to reasonably determine the down payment ratio and loan interest rate of truck loans, appropriately increase the tolerance of non-performing loans within a specific time of the epidemic and economic recovery, and refine the implementation of due diligence exemption arrangements.

The Circular pointed out that the guiding role of structural monetary policy tools and the financing support role of the bond market should be brought into play. The special reloan of transportation logistics will be extended to the end of June 2023, and the special transport operators of road goods, road large object transport operators, road dangerous goods transport enterprises, road cargo transport station operators, small and medium-sized logistics warehousing enterprises will be included in the scope of support, simplify the application conditions, and declare the re-loan on a monthly basis. The use of agricultural support small loans, rediscount to support local legal financial institutions to issue transportation logistics related loans. Encourage transportation and logistics enterprises to issue corporate credit bonds for financing, reduce the financing cost of bond issuance, and improve the convenience.

The "Notice" proposed that we should increase market-oriented financial support for the construction of transportation logistics infrastructure and major projects to help the construction of a powerful transportation country. We will strengthen supporting financing support for policy-oriented development financial instruments to invest in transportation and logistics projects. Financial institutions are encouraged to provide support for improving the layout of comprehensive transportation networks, implementing major projects planned for the 14th Five-Year Plan, and accelerating the construction of rural road networks and water transport logistics networks.

The Notice requires the establishment of a sound information sharing mechanism to reduce the cost of information collection. Local transport authorities should promote and improve the transport logistics "white list" mechanism to facilitate the docking of banks and financing guarantee institutions; Establish information sharing and batch verification mechanisms with the banks under their jurisdiction to reduce the operating costs of banks and market players. China Communications Information Center and other units should strengthen information sharing with banks.

The Notice stressed that all parties should work together to do a good job in supporting support and services. We will encourage eligible localities to increase supporting policy support such as interest discount and credit guarantee. The branches of the People's Bank of China, the local transportation authorities, and the Banking and Insurance Regulatory Bureau should promote the strengthening of the docking of government, bank and enterprise and the publicity and interpretation of policies, establish a multi-level work docking mechanism, coordinate and follow up the implementation of various tasks, and improve the landing effect of policies.