三季度小微企业融资成本稳步下降 金融服务可得性和效率均有所提升

Core Insights - The "Inclusive Finance - Micro and Small Enterprises Index" indicates a steady decline in financing costs for micro and small enterprises by Q3 2025, with improved accessibility and efficiency of financial services [1][5] Financing Trends - By the end of September 2025, the balance of inclusive micro and small loans reached 36.1 trillion yuan, a year-on-year increase of 12.2%, driven by continuous optimization of systems and innovation in products and services [1][3] - The financing supply index reached 209.45 points, reflecting a quarter-on-quarter increase of 2.12%, indicating ample financing supply [1][3] - Over 70% of micro and small enterprises reported that the financing amounts met their needs, showing high satisfaction with financing [1] Cost and Efficiency - The financing price index decreased to 65.32 points, down 4.92% quarter-on-quarter, indicating a stable decline in comprehensive financing costs for micro and small enterprises [3] - The weighted average interest rate for newly issued loans in September was approximately 3.1%, which is about 40 basis points lower than the same period last year [3] - The financing efficiency index rose to 215.09 points, with nearly 60% of micro and small enterprises able to receive loans in a timely manner or even earlier [3] Service Quality and Accessibility - The inclusive finance service index showed improvements in both accessibility and quality, with the accessibility index at 203.47 points (up 3.02% quarter-on-quarter) and the quality index at 111.76 points (up 0.31%) [5] - The inclusive finance development index remained stable at 52.48 points, with a slight increase of 0.21% quarter-on-quarter, indicating a positive trend in the development of micro and small enterprises [7] Sector Analysis - The financing price index for five major sample industries (wholesale and retail, manufacturing, leasing and business services, construction, and scientific research and technical services) showed a decline, reflecting the effectiveness of accommodative monetary policies [7] - The accessibility and quality indices for these industries also increased, with construction, manufacturing, and scientific research sectors seeing over 2% growth in accessibility [7] Index Overview - The Inclusive Finance - Micro and Small Enterprises Index, jointly launched by Xinhua News Agency and China Construction Bank, serves as a "barometer" and "guideline" for the inclusive finance services for micro and small enterprises [9]