【新华解读】民营经济促进法即将实施 金融供给侧着力破局民企融资难题

Core Viewpoint - The "Private Economy Promotion Law" will take effect on May 20, 2025, focusing on enhancing investment and financing for private enterprises, which are crucial for high-quality development [1] Group 1: Investment and Financing Promotion - The law emphasizes the importance of optimizing credit supply policies and enhancing the risk-sharing function of financing guarantees to support private enterprises [1] - Financial regulatory authorities will implement differentiated regulatory policies for small and micro enterprises, including a risk capital weight discount of 15% to 25% for loans [2] - The non-performing loan tolerance for inclusive small and micro enterprise loans has been increased to not exceed 3 percentage points above the overall loan non-performing rate [2] Group 2: Credit Supply and Demand - The average annual growth rate of loans to private enterprises has outpaced the overall loan growth rate by 1.1 percentage points over the past five years, with a loan balance of 76.07 trillion yuan as of Q1 2025, reflecting a year-on-year growth of 7.41% [4] - The balance of inclusive small and micro enterprise loans reached 35.3 trillion yuan, growing by 12.5% year-on-year [4] - Financial institutions are encouraged to innovate financing supply mechanisms and optimize credit service processes to reduce financing costs for private enterprises [4] Group 3: Information Sharing and Risk Management - A collaborative information sharing mechanism is being established to facilitate financing for small and micro enterprises, with 12.6 trillion yuan in new loans issued at an average interest rate of 3.66% [5] - Government financing guarantee institutions provided a direct guarantee balance of 1.88 trillion yuan for small and micro enterprises, with a year-on-year growth of 11.5% [6] - Banks are encouraged to utilize big data and AI technologies to enhance risk assessment and streamline loan approval processes [6] Group 4: Targeted Support for Key Industries - The financial regulatory authority is focusing on tailored financial services for key sectors and industries, particularly in high-tech and emerging industries [8] - Initiatives include promoting equity investment in technology innovation enterprises and optimizing policies related to intellectual property financing [8] - The establishment of online platforms for project matching aims to improve the efficiency of funding allocation to suitable projects [9]