Group 1 - The central issue for many small and micro enterprises is the difficulty in financing, characterized by high costs and slow processes, leading to reliance on short-term bridge financing [1] - The People's Bank of China is promoting transparency in financing costs for small and micro enterprises, aiming to reduce their overall financing costs [1][5] - A case study from a shoe manufacturing company in Quanzhou highlights a recent loan maturity coinciding with new equipment purchases, resulting in a funding gap of approximately 2 million yuan [3] Group 2 - The "Loan Cost Transparency Sheet," introduced by the central bank, allows banks and enterprises to itemize interest and non-interest costs before signing loan contracts, helping businesses understand their financing costs [5] - A factory in Jinjiang reported a funding gap of 20-30 million yuan, initially seeking bridge financing that would incur significant daily interest and service fees [5] - A financial manager from a machinery company noted a reduction in renewal loan interest rates from 6.5% to 4.9%, saving over 110,000 yuan in bridge fees and achieving an overall financing cost reduction to approximately 3.9% [7] Group 3 - The bank's approach to renewing loans for small enterprises helps alleviate financial pressure by providing lower interest rates and reducing reliance on high-cost bridge financing [7] - The "Loan Cost Transparency Sheet" enhances the understanding of actual financing costs, allowing enterprises to identify which fees they are responsible for and which are covered by banks [7]