Measures For The Management Of Subsidized Funds In Rural Financial Institutions

The financial offices (bureaus) of all provinces, autonomous regions, municipalities directly under the central government and cities under separate planning, the Finance Bureau of the Xinjiang production and Construction Corps, and the office of the Ombudsman of the Ministry of Finance in all provinces, autonomous regions, municipalities directly under the central government and cities under separate planning.

In order to implement the spirit of the CPC Central Committee and the State Council on increasing the overall planning for urban and rural development and further consolidate the foundation for the development of agriculture and rural areas ([2010]1), we increased the coverage of rural financial services in 2010.

The Interim Measures for the management of directional fee subsidy funds of the central financial rural financial institutions are hereby issued.

Central finance rural financial institutions directional cost

Interim Measures for the management of subsidy funds

general provisions

Article 1 in order to strengthen and standardize the management of directional financial subsidy funds of rural financial institutions (hereinafter referred to as subsidized funds), support financial institutions to actively fill gaps in rural financial services, steadily expand the coverage of rural financial services, and promote the construction of rural financial service system, these measures are formulated in accordance with relevant state policies and regulations.

Second banking financial institutions (outlets) that meet the prescribed conditions in the new rural financial institutions and those with weak basic financial services may enjoy the directional financial subsidy granted by the central government in accordance with the provisions of these measures in accordance with the proportion of the average loan balance.

The new rural financial institutions mentioned in these Measures refer to three types of rural financial institutions approved by the China Banking Regulatory Commission (hereinafter referred to as CBRC), namely, village banks, loan companies and rural mutual cooperatives.

The term "weak areas of basic financial services" as mentioned in these Measures refers to the township (towns) identified in the remote areas of the west, which are determined according to the statistics and recognition of the CBRC, which are separately promulgated by the Ministry of finance.

The average balance of loans mentioned in these Measures refers to the average value of the loan balance at the end of each quarter of the financial institution (Network), that is, the sum of the loan balance at the end of each quarter divided by the quarterly number.

The specific statistical caliber shall be based on the "financial statistics system of the people's Bank of China" and the relevant provisions.

If the financial institutions (outlets) are newly established in the year, the average balance of loans is the average value of the loan balance at the end of each quarter from the date of its establishment.

The third rural financial institutions targeted cost subsidies to follow the basic principles of government support, business operation, risk control, management in place.

Government support refers to the establishment of a directional cost subsidy system by the Ministry of finance, which promotes financial institutions to increase support for agriculture and achieve sustained development.

Commercial operation refers to the financial institutions' autonomous decision-making, self risk and self financing according to the law of commercial operation.

Risk control means that financial institutions should strengthen internal management, improve operational indicators and control related risks while increasing loans.

Management is in place, that is, the financial sector should regulate the management of subsidy funds, strictly examine and verify, timely allocate, strengthen supervision and inspection, ensure the safety of funds and the effect of policy implementation.

The fourth local financial departments can arrange local subsidy funds according to the actual situation of the region, increase the intensity of subsidy policies, and better promote the development of rural finance.

The second chapter is the subsidy condition and standard.

The fifth central government has increased the average balance of loans in the same year and reached the regulatory requirements of the CBRC, and the average balance of loans increased year by year, and the ratio of deposit to loan ratio was higher than 50% at the end of the year. The township banks, which met the regulatory requirements of the CBRC, were subsidized by 2% of the average balance of their loans.

The sixth central government subsidize the banking financial institutions (outlets) in the weak areas of basic financial services by 2% of the average balance of their loans.

New rural financial institutions do not enjoy subsidies repeatedly.

The seventh subsidy funds will be allocated in the next year and will be included in the income accounting of financial institutions.

The third chapter is the budget management of subsidy funds.

Eighth, the Ministry of finance arranges special subsidy funds for the next year's central budget according to the national financial institutions' annual average loan balance forecast and the subsidy standard stipulated.

Ninth, the Ministry of Finance allocated subsidy funds to the provincial financial departments every year, and the financial departments at all levels should pfer them according to the regulations, and the county level financial departments should allocate funds to the financial institutions.

The tenth financial departments at all levels should do well in the budget management of subsidized funds in accordance with the provisions of the state on the management of financial funds.

The provincial financial department shall compile the audit, appropriation and Utilization Report of the subsidy funds in time, after the appropriation of the subsidy funds is made, and report it to the Ministry of Finance within 3 months after the Ministry of finance has approved the office of the Local Financial Ombudsman (hereinafter referred to as the Commissioner's Office), and after it has allocated the subsidy funds to the Ministry of finance.

The fourth chapter is the application, examination and allocation of subsidy funds.

The eleventh financial institutions apply for subsidy funds to the county level financial departments on a yearly basis.

The twelfth financial institutions calculate the average balance of loans and corresponding subsidy funds in accordance with the state financial accounting system and the subsidy ratio stipulated by the Ministry of finance, and apply to the county level financial departments.

Financial institutions with legal personality within the county level shall apply for financial institutions as legal persons, and other financial institutions under county and county branches shall apply for their applications at the county level branches.

Thirteenth application, audit and allocation of subsidy funds shall be handled according to the following procedures:

(1) financial institutions should submit applications for subsidy funds and related materials to the county level financial departments before February 20th next year.

The application form and relevant materials of the subsidy funds for new rural financial institutions should reflect the amount of loans granted, the average balance of loans, the year-on-year increase, the amount of funds applied for subsidies, the year-end deposit and loan ratio of village banks, and so on, and explain whether they meet the regulatory requirements of the CBRC and so on.

A new type of rural financial institution that does not meet the subsidy requirements shall submit a loan statement to the county level financial departments, including the average balance of the loans and the year-on-year growth rate, as a basis for the future financial departments to examine and approve the appropriation of the subsidy funds.

The application for subsidy funds of financial institutions in the weak areas of basic financial services and related materials should reflect the amount of loans granted by the institution in the areas with weak financial services in the basic year, the average balance of loans, the year-on-year increase and the amount of funds applied for subsidies.

(two) after receiving the application materials of the subsidy funds of the financial institutions, the county level financial departments shall issue the audit opinions within 10 working days.

(three) the county level financial departments submit the application materials for subsidy funds to the provincial financial departments, including the application forms of subsidy funds and related materials of financial institutions, the issuance of loans and subsidy funds in this county (see Table 2), and the opinions of county level financial departments.

(four) the provincial finance department will review the application materials of the subsidy funds and send them to the Commissioner for examination.

(five) after receiving the application materials of subsidy funds from the provincial financial departments, the Commissioner will issue the audit opinions within 20 working days and send them to the provincial financial departments.

(six) the provincial financial departments submit the application materials for subsidy funds to the Ministry of finance before April 30th, including the situation of loan payment and subsidy in the provinces and counties (see Table 1 and table 2), and attach the audit opinion of the Commissioner Office.

(seven) after the audit of the Ministry of finance, the subsidy funds are actually allocated to the provincial financial departments.

(eight) the provincial finance department pfers funds within 10 working days after receiving the subsidy funds allocated by the Ministry of finance.

(nine) the county financial department will pay the subsidy funds to the financial institutions within 10 working days after receiving the subsidy funds.

The fifth chapter is supervision and management and legal liability.

The fourteenth financial institutions should strictly implement the financial system of the state financial enterprises, conscientiously and truly report the loans and balances of the institutions.

Within 10 working days after the end of each quarter, the financial institutions shall submit to the financial departments at the county level the amount of the loans and the balance of the quarter at the end of the quarter, as the basis for the financial departments to examine the funds for the appropriation of subsidies.

Fifteenth local financial departments at all levels shall guide the application of subsidies for financial institutions in the administrative area, do well in the organization and coordination of the appropriation of funds, and check with the relevant departments the examination and appropriation of the subsidy funds, and timely handle and reflect the problems found in the inspection, so as to ensure the implementation of the financial subsidy policy.

The sixteenth commissioners carefully examine the financial institutions' loans and the completion of various regulatory indicators within the jurisdiction, and issue opinions as the basis for the central and provincial financial departments to examine and approve the appropriation of subsidy funds.

The Commissioner's office should strengthen supervision and inspection of the appropriation and use of subsidy funds, standardize auditing and appropriation procedures, and ensure the special use of subsidy funds.

Seventeenth, the Ministry of finance does not regularly supervise and inspect the subsidy funds, and evaluate the use and effect of the subsidy funds as a basis for adjusting policies.

If eighteenth financial institutions falsified materials and defrauded financial subsidy funds, the financial departments should recover the subsidy funds, cancel the qualifications for financial institutions to receive subsidies, and punish them according to the regulations on punishments for penalties for financial offenses.

If the nineteenth financial institutions do not carry out the financial system of the state financial enterprises and fail to submit relevant data on time, the local financial departments may refuse to issue the audit opinions of the subsidy funds according to the specific circumstances.

The twentieth financial departments and commissioners do not conscientiously perform their audit duties, causing financial institutions to falsification of materials to defraud subsidy funds or misappropriation of subsidy funds. The financial departments at the higher levels shall order correction, recover the funds already appropriated, and punish the relevant units and responsible personnel according to the "penalties for punishment of financial offenses".

Sixth chapter supplementary provisions

The twenty-first financial departments of provinces, autonomous regions, municipalities directly under the central government and cities under separate planning may formulate detailed rules for the management of subsidy funds according to local conditions and submit them to the Ministry of Finance for archival purposes.

The twenty-second measures shall come into force on the date of issuance.

Treasury Department

May 18th, two