The qinghai countryside credit association credit losses all the past digestion

Reporters from qinghai government understands, by deepening the property rights system reform and fiscal and taxation, policy support, the qinghai countryside credit association management benefit constantly improve, by 2010, the qinghai countryside credit association credit losses all the past digestion.
Vice governor of qinghai province GaoYunLong introduction, begin from 2004, with five years in qinghai comprehensive completed by the county for the unit 30 home rural credit association established by the unified legal person, has broken the original multilevel legal person coexist and management means lag, the efficiency is low situation.
On this basis, the increase of qinghai province rural credit association financial support, began in 2005, qinghai province finance for 6 years has allocated 18 million yuan special support fund, used to make up the qinghai countryside credit association and set up the shortage of funds for the rural credit association risk compensation fund.
At the same time, rural credit association tax cuts in qinghai also got the effective implementation. From 2006 to 2011, the tax department in qinghai rural credit association shall be exempted from the enterprise income tax shall be levied at the business tax 80.43 million yuan, 72.32 million yuan. Up to now, qinghai province rural credit association risk compensation fund of RMB 085 million yuan, loan losses for adequacy ratio and special provision for more coverage before the reform were increased 136.1 and 36.54%.
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