Xinhua News Agency, Beijing, May 5 (Xinhua) -- Premier Li Keqiang presided over an executive meeting of the State Council on May 5, deploying further relief measures for small, medium and micro enterprises and individual industrial and commercial households to ensure stable employment for market players; Measures to help stabilize the economy and stabilize the industrial chain and supply chain.

The meeting pointed out that a large number of small, medium and micro enterprises and individual industrial and commercial households are an important foundation for stabilizing the economy and the main support for stabilizing employment. At present, the difficulties of relevant market entities have increased significantly. It is necessary to implement the deployment of the Party Central Committee and the State Council and increase assistance. The first is to quickly implement the policies and measures that have been determined, such as tax rebates, tax reductions and fee reductions, delay in payment of social security premiums, logistics guarantees, and promotion of enterprises' resumption of work and production. To ensure that all small and micro enterprises and individual industrial and commercial households will be fully refunded by June 30, the remaining amount of the VAT credits, and the tax refund of eligible medium-sized enterprises should also be completed in advance of this time limit. The second is to increase policy support, especially financial support. Large state-owned banks added 1.6 trillion yuan in inclusive small and micro loans this year, guiding banks to strengthen proactive services. Reasonable loan renewal, extension, and adjustment of repayment arrangements for small, medium and micro enterprises and individual industrial and commercial households will not affect credit records, and penalty interest will be waived. Expand the business coverage of the National Financing Guarantee Fund and government financing guarantee institutions to small, medium and micro enterprises and individual industrial and commercial households. Specific measures to support the healthy development of the platform economy should be introduced as soon as possible. All localities should arrange special bailout funds for small, medium and micro enterprises and individual industrial and commercial households, and provide subsidies for rent, guarantee fees, loan interest and other subsidies for those with operational difficulties. Encourage local governments to implement phased preferential electricity prices for small and micro enterprises and individual industrial and commercial households, and "non-stop supply of arrears" for water, electricity, and gas, and make up payments within 6 months. The average tariff of broadband and private lines for small and medium-sized enterprises will be reduced by another 10%. Thirdly, by the end of May, comprehensively investigate the arrears of small and medium-sized enterprises by government agencies, institutions, and large enterprises. If there are no differences in arrears, they will be paid off together, and if there is real difficulty in payment, the repayment plan should be clarified before the end of June. List the clearing of arrears as the focus of this year's audit and the State Council's major inspections, and seriously investigate and deal with disguised arrears. Quickly introduce measures to shorten the acceptance period of commercial bills. The meeting emphasized that it is necessary to consolidate responsibilities, especially the responsibilities of local governments, and focus on solving the problem of policy implementation.

In order to help foreign trade enterprises cope with difficulties and challenges, the meeting decided that firstly, we must focus on securing orders and stabilizing the import and export of key industries and labor-intensive industries. Guarantee the stability of production and circulation in the field of foreign trade, determine the list of key foreign trade enterprises and provide guarantees in terms of production, logistics and employment. Second, we must effectively and orderly clear the collection and distribution of sea and airport, and improve the efficiency of operation and customs clearance. Make good use of air cargo capacity to ensure the transportation of important parts, equipment and products. Investigate and punish violations of foreign trade freight prices. Third, we must introduce policies to facilitate cross-border e-commerce export returns and exchanges as soon as possible, and support qualified cross-border e-commerce enterprises to declare high-tech enterprises. Support the stable development of processing trade, and include labor-intensive processing trade in the central, western and northeastern regions into the catalogue of industries encouraged by the state. Explore the inclusion of large medical equipment, robots, etc. into the scope of bonded maintenance, and carry out pilot projects for bonded remanufacturing of automobile engines. Fourth, it is necessary to increase credit issuance to small, medium and micro foreign trade enterprises, support banks to not blindly withdraw, cut off, and suppress loans for temporarily trapped enterprises, and sort out a group of urgently in need of funds to give key support. Expand the scale of export credit insurance short-term insurance and shorten the payment time. Increase credit insurance policy financing. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Fifth, we must optimize platform services such as the Canton Fair, and strengthen mutual promotion with cross-border e-commerce. All localities should make good use of the special funds for foreign economic and trade development to support small, medium and micro enterprises to participate in overseas exhibitions. Cultivate a batch of new import trade innovation demonstration zones.

The meeting examined other matters.

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