The "Unified Registration Service for Movable Property and Rights Security" has achieved remarkable results The financing efficiency of small and micro enterprises has been improved

Source: Economic Daily

When there is insufficient collateral, can an enterprise use movable property and rights such as cows, turtles, homestay management rights, and carbon emission quotas as financing guarantees? The "Unified Registration Service for Movable Property and Rights Security" makes the above exploration a reality, focusing on solving many pain points in movable property and rights security before, such as difficult to inquire, impossible to trace, and repeated pledge.

In order to further improve the efficiency of movable property and rights security financing, optimize the business environment, and promote finance to better serve the real economy, the State Council has decided to implement a unified registration of movable property and rights security nationwide from January 1, 2021.

"Under the guidance of the Chinese Bank, the credit information center has actively implemented the decision-making and deployment of the State Council, and completed the upgrading and upgrading of the 'unified registration and publicity system for movable property financing' on time and put it online." The relevant person in charge of the central bank said that the operation of the system has achieved remarkable results so far. As of the end of September 2021, the unified registration system has registered 65,200 registered users, with a total of 12,657,600 registrations and 104 million inquiries. Among them, from January to September 2021, 4.0418 million registrations occurred, an increase of 81% over the same period last year, with 25,900 registered users and 20,597,800 inquiries.

Under the impetus of unified registration services, financial institutions have been exempted from many risk concerns, their willingness to lend has been significantly enhanced, the pace of credit product innovation has gradually accelerated, and the financing efficiency of small and micro enterprises has been improved.

"Among the new registrations, the financing registration of guarantors for small and micro enterprises and individual industrial and commercial households accounted for 86%, an increase of 79% over the same period last year; about 2.19 million such entities obtained financing, an increase of 69% over the same period last year." The relevant person in charge of the central bank said.

The "Dense Forest Fun Homestay" in Yongjia County, Wenzhou City, Zhejiang Province, is one of them. The company was established on April 30 this year, but since then due to the impact of the new crown pneumonia epidemic, the occupancy rate has decreased, and there have been difficulties in liquidity turnover, but the company lacks sufficient collateral.

Can we innovate the use of "homestay management rights" as security? The premise is that the bank ensures that the right to operate is not repeatedly pledged. Benefiting from the "unified registration and publicity system for movable property financing", Yongjia Rural Commercial Bank determined that there was no registration record for the right to operate the homestay after inquiring in the system, and on the same day, it handled the maximum pledge contract for the homestay operation right for a period of 5 years for the enterprise of 1.53 million yuan, and then handled the loan issuance procedures the next day, and registered in the unified registration and publicity system for movable property financing.

In this way, it not only enhances the certainty of the realization of rights, but also effectively solves the problems of difficult financing and high interest rates for homestay enterprise customers. Up to now, Yongjia County has granted credit of 100 million yuan to the entire village of 10 homestay characteristic villages, and issued a total of 94 homestay loans with an amount of 40.58 million yuan, of which 23 loans for the right to operate a homestay in Yongjia Rural Commercial Bank were pledged, with an amount of 11.54 million yuan.

It is worth noting that in order to facilitate the public to inquire about registration information, on August 8 this year, the unified registration system has been connected to the State Council client Mini Program, supporting market entities to query movable property guarantee information through the "State Council Client" Mini Program in WeChat, Baidu, and Alipay APP on mobile phones. As of the end of September this year, the State Council's client Mini Program has accumulated 68,000 inquiries.

"Next, the People's Bank of China will continue to build a long-term mechanism for movable property financing and promote finance to better serve the real economy in the new development stage." The relevant person in charge of the central bank said that on the one hand, based on market demand, actively explore ways to expand unified registration services, encourage financial institutions to combine the characteristics of the industry and local industries to innovate services, and provide more convenient and comprehensive information services for financing entities; on the other hand, improve the unified registration system, do a good job of communicating with the judicial department, continue to pay attention to the protection of security rights in movable property financing, continuously improve the guarantee system, promote the movable property guarantee financing business of small and medium-sized enterprises, and help the development of the real economy. (Economic Daily reporter Chen Guojing)