Jing Ji Ri Bao·2025-08-28 22:16Core Viewpoint - The development of micro and small enterprises (MSEs) is crucial for stabilizing employment and improving livelihoods, with a significant increase in inclusive finance support for these businesses, as evidenced by the growth in loans from financial institutions [2][9]. Financial Support for MSEs - By the end of Q2 2025, the balance of inclusive loans to micro and small enterprises is projected to reach 35.99 trillion yuan, reflecting a year-on-year growth of 12.31% [2]. - Various government departments have focused on MSEs, establishing a robust financial support system to enhance accessibility and sustainability for these enterprises [2][9]. Policy Guidance - A multi-layered and comprehensive inclusive finance service system has been established, with ongoing policy initiatives aimed at enhancing financial resource supply to MSEs and private enterprises [3][9]. - Recent policies include the "Opinions on Further Deepening Financial Services for Micro and Small Enterprises" and the "Implementation Plan for High-Quality Development of Inclusive Finance in the Banking and Insurance Sectors" [3]. Customized Financial Solutions - Financial institutions are tailoring inclusive financial services to meet the specific needs of MSEs, as demonstrated by the case of Ningbo Bai Niao Trading Co., which received a 1 million yuan credit loan to alleviate cash flow issues [4][6]. - The rapid approval process for loans, such as the 200,000 yuan disbursed to the trading company, highlights the efficiency of financial institutions in addressing the immediate funding needs of MSEs [4]. Innovative Financial Products - Large commercial banks and joint-stock banks are effectively directing financial resources to the real economy through differentiated and innovative products [6]. - For instance, CITIC Bank's Hangzhou branch has developed a diverse range of inclusive financial products, achieving a loan balance of nearly 80 billion yuan for MSEs by mid-2023 [6]. Digitalization in Financial Services - The use of digital technology is emphasized to enhance efficiency and risk control in inclusive finance, with a focus on improving customer service and expanding the client base [7]. - Digital financial services are expected to lower costs and increase accessibility for underserved populations [7]. Financing Channels Expansion - The People's Bank of China has been actively working to reduce the comprehensive financing costs for MSEs, with the average interest rate for newly issued inclusive loans at 3.48%, a decrease of over 2 percentage points compared to pre-reform levels [8]. - Initiatives to support diverse financing options for MSEs include the establishment of a fast-track for issuing debt financing tools and promoting platforms for accounts receivable financing [8]. Improvement in Financing Conditions - Over the past decade, the financing conditions for MSEs have significantly improved, with the loan balance for MSEs reaching 65 trillion yuan, accounting for 38.2% of total enterprise loans [9]. - The number of credit accounts for inclusive loans has increased more than threefold since 2018, indicating a strong commitment to supporting genuine micro and small enterprises [9].