博瑞医药公告，公司拟向中国银行间市场交易商协会申请注册发行不超过3亿元(含3亿元)的中期票据， 发行期限不超过5年(含5年)。该事项已通过公司第四届董事会第六次会议审议通过，尚需提交股东大会 审议。本次发行旨在拓宽公司融资渠道，降低融资成本，募集资金将用于研发投入及补充营运资金等符 合国家法律法规及政策要求的企业生产经营活动。 ...

央视网消息：《民营经济促进法》将于5月20日正式实施，这是我国第一部关于民营经济发展的基础性法律，首次明确了民营经济的 法律地位。5月8日上午，国务院新闻办公室就民营经济促进法有关情况举行新闻发布会。发布会上，金融监管总局有关负责人介 绍，针对民营企业避灾挽损、用人用工、技术研发等方面的需求，金融监管总局开发特色保险产品，优化服务。 同时，金融监管总局会同财政部门，推动建立了覆盖全国的政府性融资担保体系，将服务小微企业作为主要的政策效益指标，这一 类业务的担保费率不超过1%，远低于商业担保水平。截至一季度末，政府性融资担保机构为小微企业提供融资直保余额1.88万亿 元，同比增长11.5%。 丛林介绍，在线上，推动多地搭建信用信息共享和金融综合服务平台，"让数据多跑路、让企业和银行少跑路"，以数据信息支持银 行发放信用贷款。截至一季度末，民营企业信用贷款余额18.1万亿元，同比增长15.4%。 国家金融监督管理总局副局长丛林介绍，在高技术领域，开展重大技术攻关分散机制、网络安全保险、无人机保险等试点。对民营 企业用工较为集中的新市民和灵活就业群体，聚焦其特定职业风险，以普惠保险产品增强保障力度。新能源汽车产业中 ...

Group 1 - The real estate industry is overly reliant on debt-driven growth, which is unsustainable, and future financing models need to balance risks and returns while the pre-sale system requires urgent adjustment [1][23] - Real estate companies have expanded their scale through leverage, leading to hidden crisis risks, as the industry is capital-intensive and requires significant funding at various project stages [3][4] - Since 2018, a wave of listings has allowed real estate companies to broaden financing channels and improve their financial situations, with many companies seeing a significant reduction in net debt ratios post-listing [5][7] Group 2 - The reliance on cooperative development has increased from 2017 to 2021, leading to rising financial risks and a decline in financial transparency, as companies often use related party transactions to manage financing [11][15] - The financial leverage of real estate companies has shifted from direct debt to cooperative leverage, complicating debt structures and increasing hidden liabilities [12][15] - The liquidity crisis has been exacerbated by the aggressive issuance of offshore bonds, with some companies facing significant debt defaults [9][19] Group 3 - The high leverage and rapid turnover model have been identified as primary causes for the downfall of major companies like Taihe Group, China Evergrande, and Huaxia Happiness, reflecting the unsustainable nature of the industry's debt-driven growth [19][22] - The crisis has spread to the entire real estate sector and its supply chain, affecting even stable companies, necessitating a new financing model that aligns risks and returns [23][24] - The pre-sale system in China needs reform to prevent excessive credit expansion, drawing lessons from successful models in places like Hong Kong and Singapore [24][26]

Core Viewpoint - The Chinese government is accelerating the introduction of policies to support small and micro enterprises, particularly in financing, to stabilize the economy and enhance financial services for these businesses [1][2]. Group 1: Policy Measures - The Financial Regulatory Bureau has issued a notice outlining the goals for small and micro enterprise financial services by 2025, focusing on maintaining credit support, improving service quality, stabilizing loan pricing, and optimizing supply structure [1][4]. - The notice emphasizes the importance of a coordinated financing mechanism to ensure that credit funds reach small and micro enterprises quickly and effectively [2][3]. Group 2: Financial Support and Coordination - A financing coordination mechanism has been established to facilitate low-cost funds reaching small and micro enterprises, with over 67 million businesses visited and loans amounting to 12.6 trillion yuan issued, of which about one-third are credit loans [2]. - The notice calls for enhanced support for foreign trade enterprises, particularly small and micro businesses, to mitigate the impact of external shocks such as increased tariffs [2][3]. Group 3: Credit Supply and Pricing - As of the first quarter of this year, the balance of inclusive small and micro enterprise loans reached 35.3 trillion yuan, reflecting a year-on-year growth of 12.5%, with an average interest rate of 3.66% [4]. - The notice sets specific targets for maintaining stable credit growth and requires banks to focus on the genuine operational funding needs of small and micro enterprises [4][5]. Group 4: Service Quality Improvement - The notice mandates banks to enhance the quality of financial services for small and micro enterprises by optimizing internal resource allocation and establishing clear mechanisms for accountability [7][8]. - It also encourages banks to discover and nurture first-time borrowers and improve the implementation of renewal loan policies, while providing comprehensive services such as payment settlement and financial consulting [8].

Group 1 - The average annual growth rate of loans to private enterprises has been 1.1 percentage points higher than the average growth rate of all loans over the past five years [1] - As of the end of Q1 2025, the loan balance for private enterprises reached 76.07 trillion yuan, with a year-on-year growth of 7.41%. The balance of inclusive loans for small and micro enterprises was 35.3 trillion yuan, growing by 12.5% year-on-year [1] - A coordination mechanism for financing small and micro enterprises has been established, resulting in the issuance of 12.6 trillion yuan in new loans at an average interest rate of 3.66% [1] Group 2 - The balance of credit loans for private enterprises reached 18.1 trillion yuan, with a year-on-year increase of 15.4% [1] - A government financing guarantee system has been established, with a financing guarantee balance of 1.88 trillion yuan for small and micro enterprises, reflecting an 11.5% year-on-year growth [1] - In the foreign trade sector, a special focus has been placed on financing for small and micro enterprises, with over 240 billion USD in short-term export credit insurance coverage in Q1 [2]

金融监管总局副局长丛林：已通过支持小微企业融资协调工作机制向小微主体新发放贷款12.6万亿元 智通财经5月8日电，金融监管总局副局长丛林在国新办新闻发布会上表示，金融监管总局协同创建信息 对接共享机制。在线下，金融监管总局与国家发展改革委一起建立了支持小微企业融资协调工作机制， 推动信贷资金直达基层，快速便捷，利率适宜，已经通过该机制向小微主体新发放贷款12.6万亿元，利 率平均在3.66%；在线上，推动多地搭建信用信息共享和金融综合服务平台，让数据多跑路，让企业和 银行少跑路，以数据信息来支持银行发放信用贷款。一季度末，民营企业信用贷款余额在18.1万亿元， 同比增长了15.4%。 ...

Core Viewpoint - Shanghai has shown strong performance in the World Bank's enterprise survey, with 22 out of 59 evaluation points reaching global best levels, indicating a favorable business environment [1] Group 1: Business Environment - The Shanghai Municipal Development and Reform Commission has issued a notice to accelerate the optimization of the business environment by focusing on ten critical tasks that address urgent enterprise needs and require high departmental collaboration [1] - The city aims to introduce incremental measures to tackle existing bottlenecks in the business environment [1] Group 2: Financing Services for SMEs - Efforts are being made to innovate financing services for small and medium-sized enterprises (SMEs) by enhancing the connection between banks and enterprises and reducing financing costs [1] - Policies such as seamless loan renewals and non-repayment loan renewals are being expanded to include medium-sized enterprises, alongside increasing the supply of credit financing products from financial institutions [1] - Initiatives like the "Park Instant Loan Action" and the deepening of supply chain finance are being promoted to improve the accessibility and convenience of financing for small and micro enterprises [1]

今年一季度，随着多项政策措施持续发力显效，郑州经济延续稳中有进态势，生产供给稳中有升、 市场需求持续回暖、民生福祉不断增强，全市经济社会发展实现平稳开局。 小微企业作为国民经济的"毛细血管"，在稳增长、促创新、增加就业等方面发挥着重要作用。一季 度，郑州打出金融"组合拳"，深入落实支持小微企业融资协调工作机制，助力小微企业发展。 积极引导金融机构简化贷款流程，向总行争取普惠授信业务的风险审批权限下放，进一步优化尽职 免责管理办法，与区县（市）紧密对接开展前置性预审，建立信贷审批绿色通道，提高融资效率。目 前，21家驻郑金融机构已全部建立融资项目快速绿色通道。 同时，引导驻郑金融机构按照市场化、法治化原则，对符合条件的小微企业流动资金贷款和小微企 业主、个体工商户及农户经营性贷款，贷款到期后仍有融资需求、临时存在资金困难的债务人，提前开 展贷款调查和评审，落实无还本续贷政策，做到应续尽续。 建设银行进一步下调普惠信用类、抵押类贷款利率；兴业银行实施差异化内部资金转移定价，将普 惠型小微企业贷款定价补贴期限由投放后首年调整为三年……在减费让利方面，郑州积极引导各金融机 构减费让利，降低综合融资成本，对清单内企业给 ...

Core Viewpoint - The article highlights the efforts of the Tanzhou Town government to facilitate financing for small and micro enterprises by establishing a direct connection between banks and businesses, responding to national policies aimed at supporting these enterprises [1]. Policy Background - A new financing coordination mechanism for small and micro enterprises will be established starting October 2024, led by the Financial Regulatory Bureau and the National Development and Reform Commission, with local governments and banks collaborating to ensure credit funds reach grassroots enterprises quickly [1]. - The "Yue Xin Fu" platform is introduced as a provincial credit platform designed to enhance the ability of financial institutions to serve small and micro enterprises, thereby improving loan accessibility and reducing financing costs [1]. Application Conditions - The financing coordination mechanism supports small and micro enterprises, individual businesses, farmers' cooperatives, and family farms, which must meet five criteria: compliance with regulations, continuous operation, genuine financing needs, good credit status, and lawful loan purposes [2]. Application Process - Two application modes are available: - **Offline Visits**: A "Thousand Enterprises, Ten Thousand Households" campaign will be organized to assess the situation of small and micro enterprises, leading to a recommended list for banks to review and decide on credit within one month [3]. - **Online Submission**: Eligible businesses can fill out their financing needs through the "Yue Xin Fu" platform by scanning a QR code, allowing them to apply from home [3].

Group 1 - Qingdao Huasaiberman Medical Cell Biology Co., Ltd. is advancing clinical trials thanks to timely bank credit support, specifically an 8 million yuan talent loan from Qingdao Bank [1] - Qingdao Bank has established a dedicated evaluation system for innovative enterprises, incorporating "soft power" factors such as technological leadership and team strength into its credit model, facilitating financing for asset-light companies [1] - Shandong province has introduced policies to address financing difficulties for innovative enterprises, including credit, guarantees, interest subsidies, and risk compensation, leading to the development of specialized loan products [1] Group 2 - Yiwopackaging Technology Co., Ltd. faced challenges with slow receivables and tight liquidity, but received a 5 million yuan "Innovation Credit Loan" from the Industrial and Commercial Bank of China, alleviating financial pressure [2] - The "Innovation Credit Loan" is based on a scoring system that evaluates companies' R&D efforts and innovation outcomes, with over 80 innovative enterprises in Zaozhuang High-tech Zone benefiting from this support [2] - The Industrial and Commercial Bank of China in Shandong has a technology enterprise loan balance exceeding 190 billion yuan, covering over 7,000 companies [2] Group 3 - Changxing Group Co., Ltd. successfully obtained a 5 million yuan loan using its patent as collateral, which is being used for new product development and ensuring timely order delivery [3] - As of March, Shandong province's technology loan balance reached 2.7 trillion yuan, reflecting a year-on-year growth of 21.2% [3]