HAINAN RUBBER GROUP(SH:601118) Jin Rong Shi Bao·2025-08-13 00:54Core Viewpoint - The establishment of the small and micro enterprise financing coordination mechanism has significantly improved the financing accessibility for newly established companies, enabling them to secure loans despite lacking traditional collateral and financial history [1][2][3]. Group 1: Mechanism Overview - The small and micro enterprise financing coordination mechanism was established in October 2024 by the Financial Regulatory Bureau and the National Development and Reform Commission to facilitate financing for small businesses [1][2]. - The mechanism has led to the organization of "thousand enterprises and ten thousand households" visits, creating a bridge for precise connections between government, banks, and enterprises [1][2][3]. - As of June 2025, over 90 million small and micro enterprises have been visited, resulting in new credit extensions of 23.6 trillion yuan and new loans of 17.8 trillion yuan, with credit loans accounting for 32.8% [2]. Group 2: Implementation and Impact - The mechanism's core lies in establishing local working groups that understand both the enterprises' operational status and the banks' lending capabilities, effectively addressing the financing difficulties faced by small businesses [3][4]. - The "recommendation list" generated from comprehensive visits allows banks to target their support more effectively, ensuring that financing reaches those in need [4][5]. - In Taizhou, the mechanism achieved full coverage of visits to 650,000 small enterprises, with loans amounting to 489.32 billion yuan, representing about 20% of the province's total [6]. Group 3: Case Studies - Zhejiang Aolong Pipeline Technology Co., Ltd. received a credit limit of 4.2 million yuan based on its signed orders worth over 70 million yuan, despite being a newly established company [1]. - Hailong Sanitary Ware Technology Co., Ltd. benefited from a 5 million yuan credit loan after being identified as a stable and promising enterprise through the mechanism [8][9]. - Huazhong Aquatic Food Co., Ltd. secured a 55 million yuan loan without repayment requirements, showcasing the mechanism's flexibility in supporting medium-sized enterprises [15].