普惠金融-小微指数显示：2025年二季度，小微企业发展状况稳中向好

Core Insights - The "Inclusive Finance - Micro and Small Enterprises Index" indicates a continuous improvement in the business environment for micro and small enterprises, with stable funding supply and a slight decline in financing demand [1][7] - The financing supply index for micro and small enterprises reached 205.10 points in Q2 2025, reflecting a month-on-month increase of 3.43% [1] - The balance of RMB inclusive micro and small loans was 35.57 trillion yuan at the end of Q2 2025, showing a year-on-year growth of 12.3%, which is 5.2 percentage points higher than the growth of all loans [1] - The financing demand index decreased to 111.86 points, down 24.81 points from the previous month, indicating challenges such as rising procurement and operating costs [1][4] Financing Supply and Demand - The financing supply index for micro and small enterprises remained stable at 205.10 points, with a month-on-month increase of 3.43% [1] - The financing demand index fell to 111.86 points, indicating a significant increase in demand for liquidity support of 100,000 yuan and below [1][4] Business Environment and Policy Support - The micro and small business environment index rose to 57.84 points, with a policy environment index of 51.61 points, reflecting a supportive regulatory framework [7] - A series of measures were implemented by multiple departments to enhance financing support for micro and small enterprises, contributing to a more favorable business environment [7] Service Quality and Satisfaction - The service availability index decreased to 197.51 points, while the service quality index increased to 111.41 points, indicating improved service quality and higher satisfaction among micro and small enterprises [8] - The satisfaction index rose to 107.33 points, reflecting enhanced financial service quality for micro and small enterprises [8] Sector and Regional Analysis - The balance of loans for technology-based small and medium enterprises reached 3.46 trillion yuan, with a year-on-year growth of 22.9%, significantly higher than the overall loan growth [10] - Financing demand indices across five major sample industries showed a decline, while financing price indices varied slightly across sectors [10]