Core Insights - The Zhejiang Provincial High People's Court held a press conference to release the 2024 financial trial work report and typical cases, highlighting the increase in financial cases and the challenges faced by enterprises in financing [1] Group 1: Financial Case Statistics - In 2024, the Zhejiang courts received 200,400 financial cases at first instance, an increase of 40,500 cases compared to 2023 [1] - The average case resolution time for financial cases in the province decreased by 1.87 days compared to 2023, indicating improved judicial efficiency [1] - The primary types of financial cases in Zhejiang courts are private lending disputes and financial loan contract disputes [1] Group 2: Challenges in Financing - Zhejiang is a major province for private economy, with a strong demand for private financing [1] - Many private enterprises, especially small and micro enterprises, face difficulties in raising funds due to weak profitability and insufficient collateral, leading to narrow financing channels and rising costs [1] - The high court emphasized that the challenges of "difficult and expensive financing" are significant obstacles to the long-term development of enterprises [1] Group 3: Court's Approach to Financing Issues - The court aims to encourage the opening of financing channels and maintain a tolerant judicial attitude towards new financing models [1] - It also stresses the importance of controlling costs and legally denying unreasonable increases in financing costs [1] - The court is focused on risk management to eliminate financial hazards [1]

Core Viewpoint - The article discusses the challenges faced by private small and medium-sized enterprises (SMEs) in financing, highlighting the role of judicial systems in regulating financing costs and the nature of local financial organizations [1][2]. Group 1: Judicial Actions and Financial Cases - In 2024, the Zhejiang provincial courts received 200,400 financial cases, an increase of 40,500 cases or 25.34% from the previous year [3]. - The two most common types of financial cases were private lending disputes and financial loan contract disputes, accounting for 64.37% and 19.63% of the total cases, respectively [3][4]. Group 2: Private Lending and Financial Organizations - Private lending has emerged as a solution to the financing difficulties faced by SMEs, but it has also led to various forms of regulatory evasion due to increased scrutiny on high-interest loans [4][5]. - A specific case involving a technology company and a private financing service center revealed issues with high service fees and overdue interest rates, prompting judicial intervention to reduce excessive charges [5][6]. Group 3: Regulatory Framework and Financial Costs - The Zhejiang courts aim to address the financing challenges by regulating the fees charged by financial institutions, ensuring that they do not impose unreasonable costs on borrowers [7][8]. - The courts emphasize a balanced approach, encouraging new financing models while also preventing excessive costs and financial risks [7][8].