Inner Mongolia: A special action will be taken to collect non-performing assets from local financial institutions

Inner Mongolia: A special action will be taken to collect non-performing assets from local financial institutions
On March 26, according to the official disclosure of the Financial Office of the Inner Mongolia Autonomous Region, a work symposium was recently announced internally by the directors of the Central League Financial Office of Baotou, Hohhot, Ordos, and Ulan Qab.It is reported that active prevention and control of financial risks and other four items have become the focus of the work discussed at the symposium that day.Among them, regarding financial risk prevention and control, Inner Mongolia stated that it would carry out “blacklist” high-risk financial institutions’ notifications, interviews, coordinated disposal, and special actions for the collection of non-performing assets of local corporate financial institutions.According to the Financial Office of the Inner Mongolia Autonomous Region, the disposal of high-risk financial institutions and the reduction of non-performing loans is the focus of this year ‘s work. Baotou and other allied cities require local local government responsibility to thoroughly understand the risk base and risk level of high-risk local institutions in the region., Propose a response plan, and early warning disposal.The focus of the other three discussions at the symposium that day included “merging poverty alleviation microfinance policies”, “fully supporting the resumption of production and production” and “vigorously promoting the listing of enterprises.”Regarding the work of poverty alleviation microfinance in the Inner Mongolia Autonomous Region, according to the symposium, in the State Council ‘s accounting calculation in 2019, it was found that there were “family members’ repeated loans ”,“ household loans for enterprises ”, and“ loans ”3 problems such as “non-standard” usage.The symposium required that Baotou and other allied cities should deal with the problem, and in accordance with the Inner Mongolia Autonomous Region Poverty Alleviation Microfinance Listing Supervision Work Plan, formulate a work plan for the Allied City to comprehensively sort out the problems of poverty alleviation microfinance and rectify it by the end of Septemberthorough.It is understood that the director of the Finance Office of Inner Mongolia Autonomous Region Jiang Hua and the heads of the Office, Policy and Regulation Division, Financial Development Division, Capital Market Division, and Supervision Division 1 participated in the work exchanges with the directors of the financial offices of Baotou and other allied cities.Sauna, Ye Wang Huang Xinyu Editor Yue Caizhou Proofreading Liu Baoqing