金融是实体经济的血脉。2025年中央经济工作会议圈定金融支持重点，要求"引导金融机构加力支持扩 大内需、科技创新、中小微企业等重点领域"。 受访人士表示，这一部署标志着金融调控由"总量维稳"转向"结构性重塑"。展望2026年，金融机构将聚 焦打通"科技—产业—金融"堵点，从"输血"帮扶升级为"造血"赋能，让金融活水精准滴灌经济毛细血 管。 在上海国家会计学院教授、金融系主任叶小杰看来，金融加力支持重点领域，旨在锚定服务实体的核心 使命，构建增长动力、创新动能与市场主体三位一体的金融支持体系；内需是增长内生动力，科技是高 质量发展引擎，中小微企业是稳就业、畅产业链的关键载体，三者有机联动，破解资金供需错配。 复旦大学国际金融学院副院长、教授高华声从三个层面作出分析： 从总量维稳到结构重塑 宏观层面，金融调控正从"总量维稳"转向"结构性重塑"，引导资金从过度集聚的房地产与传统基建，转 向边际产出更高的内需、科创与小微，阻断"需求收缩—信用放缓"的负循环，平衡防风险与稳增长。 中观层面，三者形成"稳增长、调结构、惠民生"的内循环。金融打通生态血脉，通过支持科创与小微， 激发活力、稳定就业、促进增收，最终释放内需潜力 ...

金融是实体经济的血脉。2025年中央经济工作会议圈定金融支持重点，要求"引导金融机构加力支 持扩大内需、科技创新、中小微企业等重点领域"。 受访人士表示，这一部署标志着金融调控由"总量维稳"转向"结构性重塑"。展望2026年，金融机构 将聚焦打通"科技—产业—金融"堵点，从"输血"帮扶升级为"造血"赋能，让金融活水精准滴灌经济毛细 血管。 从总量维稳到结构重塑 在上海国家会计学院教授、金融系主任叶小杰看来，金融加力支持重点领域，旨在锚定服务实体的 核心使命，构建增长动力、创新动能与市场主体三位一体的金融支持体系；内需是增长内生动力，科技 是高质量发展引擎，中小微企业是稳就业、畅产业链的关键载体，三者有机联动，破解资金供需错配。 复旦大学国际金融学院副院长、教授高华声从三个层面作出分析： 宏观层面，金融调控正从"总量维稳"转向"结构性重塑"，引导资金从过度集聚的房地产与传统基 建，转向边际产出更高的内需、科创与小微，阻断"需求收缩—信用放缓"的负循环，平衡防风险与稳增 长。 中观层面，三者形成"稳增长、调结构、惠民生"的内循环。金融打通生态血脉，通过支持科创与小 微，激发活力、稳定就业、促进增收，最终释放内需潜 ...

近日，在由南宁市委金融办组织的"2024年度南宁金融改革创新优秀案例"评选活动中，国海证券申报 的"广西北部湾国际港务集团有限公司2024年面向专业投资者发行'一带一路'短期公司债券(第一期)"荣 获2024年度南宁市金融改革创新优秀案例，由国海证券担任主承销商发行的"广西金融投资集团有限公 司2024年面向专业投资者非公开发行中小微企业支持债券(第一期)"荣获2024年度南宁市金融改革创新 十佳案例。 助力广西"一带一路"建设 自2013年我国提出共建"一带一路"倡议以来，广西作为连接中国与东盟的重要桥梁，充分发挥区位优 势，积极落实国家部署，通过举办中国—东盟博览会等活动深化区域合作，并推进西部陆海新通道建 设。随着倡议的深入实施，"一带一路"相关企业面临迫切融资需求。在此背景下，国海证券积极助力北 部湾港集团于2024年7月5日成功发行"一带一路"债券（24北港D1，债券代码255210.SH），成为广西国 企首单、全国港口行业"知名成熟发行人"首单"一带一路"私募短期公司债券。此次债券的发行不仅降低 了企业融资成本，更强化了广西在"一带一路"建设中的门户地位，为区域产业升级和扩大国际影响力注 入新动力 ...

创业10年，49岁的段晓峰又一次来到选择的"十字路口"。 "回所，还是继续创业？"这是摆在段晓峰面前的选择题。这一次，他依然坚定地选择创业。 "让科研成果转化为产品，是我当初创业的初心。"12月15日，段晓峰说。 时间的指针拨回到10年前。彼时，段晓峰是西安光机所一名从事高精度光学载荷研究的科研人员。 不到两周时间，段晓峰申请的500万元贷款获批了。他说："利率只有2.8%。和其他贷款比，一个 月省下来的利息就能支付一名员工的工资。融资的难题解决了，公司要进一步扩大产能，趁势迈上新台 阶。" 当时，为鼓励科研人员创业，西安光机所出台一系列激励措施。段晓峰出去创业，可以保留所里的 职务待遇；在企业刚成立时，可以继续使用所里的科研平台，还能获得科研成果转化平台中科创星的天 使投资。 在政策和初心的推动下，段晓峰"下海"创业，成立西安瑞峰光电技术有限公司。 然而，这一路走得格外艰辛。段晓峰坦言："公司为航空航天配备高精度光学载荷部件，投入大、 周期长，资金一直是让人头疼的难题。" 为了融资，段晓峰没少跑腿。但因为公司是小微企业，轻资产，缺少抵押物，银行贷款十分困难。 这些年，为了公司发展，他动用各种资源和关系，一步 ...

Core Viewpoint - The article highlights the successful implementation of a financial support platform by the People's Bank of China in Xinxiang, which has significantly aided small and micro enterprises in securing funding and enhancing production capabilities [1][2][3][4] Group 1: Financial Support Mechanism - A food company in Xinxiang faced financial difficulties that nearly halted its production line, but received a credit line of 10 million yuan within three days through the platform, allowing it to operate at full capacity [1] - The platform aims to transform "funding flow" into "credit flow" and "financing flow," thereby injecting strong financial support into local economic development [1][2] Group 2: Promotion and Outreach - The People's Bank of China in Xinxiang has developed a comprehensive promotion strategy for the platform, including a detailed work plan and a mechanism for regular progress updates to ensure effective implementation [2] - Collaborative efforts with local government departments and business associations have been established to enhance the platform's visibility and accessibility for small and micro enterprises [2][3] Group 3: Training and Education - A multi-dimensional promotional system has been created, including the compilation of a promotional handbook and the organization of six training sessions for financial institutions to better serve small and micro enterprises [3] - Targeted outreach activities have been conducted in various industrial parks and business associations to improve awareness and understanding of the platform among enterprises [3] Group 4: Monitoring and Evaluation - A closed-loop mechanism for monitoring the platform's usage has been established, involving regular visits to enterprises and banks to assess the effectiveness of the platform and address any issues [4] - As a result of these initiatives, the platform has facilitated 363 financing transactions amounting to 4.414 billion yuan, demonstrating its effectiveness in enhancing access to finance for local businesses [4]

在"中国黄花菜之乡"衡阳市祁东县，当地一家省级农业产业化龙头企业每到夏秋黄花菜集中上市期，都 需要在短期内筹集大量现金向农户和合作社收购鲜菜，资金周转压力较大。祁东农商银行黄土铺支行在 摸排中获悉企业实际困难，实地调查后发现：该企业虽传统抵押物不足，但主营收入稳定、经营活跃度 高。该行随即依托湖南省企业收支流水征信平台，通过线上申请、快速抓取分析征信数据、模型自动初 评与人工专业复核联动，仅用3个工作日便向企业发放288万元信贷资金。资金的及时到位，让该企业开 足马力生产，也让周边数百户菜农如期收到货款，稳定了黄花菜产业链源头，促进了农民增收和地方特 色产业持续发展。 中国人民银行衡阳市分行将湖南省企业收支流水征信平台推广工作列为全行重点督查督办工作，按月统 计应用情况，调研问题，跟踪反馈，并组织召开经验交流会，建立案例共享机制，引导银行机构精准对 接中小微企业融资需求。截至今年三季度末，全市已有10家银行机构依托湖南省企业收支流水征信平台 为3725家企业提供融资服务，累计放款金额51.14亿元，较去年末增长145.75%。 在衡阳常宁市，一项总投资1.43亿元的绿色环保项目资金需求庞大，负责实施该项目的常 ...

Core Insights - The launch of the National SME Fund Flow Credit Information Sharing Platform aims to address the long-standing issue of "information islands" in SME financing [2] - The platform enables banks to better assess the creditworthiness of SMEs by integrating transaction data from multiple banks, thus facilitating access to financing [4][6] Group 1: Platform Impact on SMEs - The platform has allowed the Industrial and Commercial Bank of China (ICBC) to provide over 453 million yuan in credit to 174 SMEs, transforming dormant cash flows into quantifiable credit assets [2] - A construction equipment company, previously limited by traditional credit assessments, saw its credit limit increase from 60,000 yuan to 3 million yuan after integrating its transaction data into the platform [3][4] - An environmental technology company benefited from the platform by receiving a tailored credit limit that matched its project funding needs, significantly improving its financial flexibility [6][7] Group 2: Challenges Faced by SMEs - Many SMEs struggle with financing due to their light asset base, lack of collateral, and fragmented information, which traditional banking models fail to address [2][3] - The environmental technology company faced long project cycles and urgent funding needs, which traditional credit assessments could not accommodate, leading to a mismatch in credit availability [6][7] Group 3: Bank's Response and Strategy - ICBC has proactively engaged with SMEs to promote the new platform, demonstrating a commitment to enhancing financial support for local businesses [3][6] - The bank has developed a dual-driven model combining platform data and internal risk control to create a comprehensive credit profile for SMEs, effectively converting their digital footprints into credit wealth [7]

Core Viewpoint - The revised guidelines from the State Administration for Market Regulation aim to address the issues of "difficult and expensive financing" for enterprises, particularly small and micro businesses, by prohibiting various unreasonable fees charged by commercial banks [1][3]. Summary by Sections Prohibition of Unreasonable Fees - The guidelines explicitly prohibit the fictitious charging of syndicate loan fees and other unreasonable charges, such as charging commitment fees after interest has been collected [1][2]. - A specific example highlighted is a bank that charged a commitment fee of 36 million yuan for a 400 million yuan loan, which is now deemed unreasonable under the new guidelines [2]. Systematic Regulation of Charging Practices - The guidelines address issues like "no-demand charges" and "bundled charges," stating that banks cannot charge fees for services that have no actual demand, such as issuing unnecessary guarantees or loan commitment letters [3]. - The guidelines also prohibit mandatory service fees, such as forcing clients to open online banking services or promoting unnecessary AI advisory services [3]. Strengthening Bank Accountability - The guidelines enhance the accountability of banks by requiring them to prove compliance with regulations, shifting the responsibility from merely avoiding violations to demonstrating compliance [3]. - The guidelines also mandate banks to verify the classification of small and micro enterprises to ensure the implementation of fee reduction policies [3]. Improvement of Financial Services - The guidelines establish a dual regulatory system of "law enforcement penalties + positive guidance," differentiating between light and heavy penalties based on banks' actions regarding the return of unreasonable fees [4]. - The principle of "separation of interest and fees" is emphasized, prohibiting banks from inflating intermediary business income through disguised fees [4]. - Industry experts believe that while the guidelines may lead to a short-term reduction in bank fees, they will ultimately encourage banks to enhance the quality and efficiency of financial services to attract clients and generate revenue [4].

Core Insights - The establishment of the national small and micro enterprise fund flow credit information sharing platform has significantly improved financing opportunities for small and micro enterprises, particularly those lacking collateral and credit history [2][4] - China Construction Bank's Jining branch has successfully facilitated 437 million yuan in loans through this platform, benefiting over a hundred enterprises and creating a positive financial ecosystem [2][4] Group 1: Financing Challenges and Solutions - Small and micro enterprises face significant financing difficulties due to inadequate financial systems and lack of effective collateral [2] - The fund flow information platform allows for the transformation of cash flow data into financing credit, thus reducing financing costs for these enterprises [2][4] Group 2: Case Studies of Successful Financing - Shandong Nachi Environmental Technology Co., Ltd. utilized the fund flow information platform to secure a credit limit of 5 million yuan, enabling the purchase of raw materials and expansion of production [4] - Jining Gaoxin Mingyun Tea House successfully obtained a loan of 1.2 million yuan within a week, thanks to the platform's ability to assess their cash flow data efficiently [6] Group 3: Future Directions - The Jining branch of China Construction Bank plans to continue leveraging the fund flow information platform to provide precise financial services to small and micro enterprises, injecting financial vitality into local economic development [7]

Core Viewpoint - The establishment of the fund flow credit information sharing platform has significantly improved the financing accessibility for small and micro enterprises in China, facilitating over 330 enterprises to secure financing of 1.698 billion yuan within a year [1] Group 1: Financing Challenges and Solutions - The fund flow information platform addresses the financing difficulties faced by small and micro enterprises, particularly those classified as "credit white households" with insufficient credit history [4][7] - The platform enables financial institutions to utilize real operational data from enterprises to create quantifiable credit assets, thus lowering the barriers for first-time loans [4][7] Group 2: Case Studies of Successful Financing - The platform has successfully assisted companies like Wangcang County Fuxin Hydropower Development Co., Ltd. in obtaining their first loan of 1 million yuan, overcoming previous challenges due to lack of collateral [2][4] - Sichuan Zhengshun An Breeding Co., Ltd. was able to secure a credit loan of 1 million yuan with an increased credit limit of 1.76 million yuan, demonstrating the platform's efficiency in loan approval processes [5][7] Group 3: Future Directions and Goals - The People's Bank of China in Guangyuan will continue to guide financial institutions in leveraging the fund flow information platform to enhance the financing channels for small and micro enterprises [7] - The aim is to implement a mechanism that encourages lending, thereby injecting more financial resources into the local economy and supporting the growth of the real economy [7]