Core Insights - The financial sector in China has significantly increased support for small and micro enterprises in 2023, with a notable year-on-year growth in loans [1] Summary by Categories Loan Growth - As of the end of June 2023, the balance of inclusive loans to small and micro enterprises reached 35.99 trillion yuan, reflecting a year-on-year growth of 12.31%, which is substantially higher than the average growth rate of all loans [1] - The total balance of loans to small and micro enterprises across the country was 87.74 trillion yuan as of June 30, 2023 [1] Interest Rates - The average interest rate for newly issued inclusive loans to small and micro enterprises from January to June 2023 decreased by 0.46 percentage points compared to the previous year [1]

Core Viewpoint - The implementation plan aims to enhance inclusive finance in China by optimizing the service system, strengthening credit support for small and micro enterprises, and improving the insurance framework to meet diverse financial needs of the public and the real economy [2][3]. Group 1: Inclusive Credit System - The plan encourages banks to maintain effective incremental credit supply to small and micro enterprises and to strengthen credit support for private enterprises [2][3]. - It emphasizes the importance of optimizing credit approval models, reducing reliance on collateral, and enhancing the use of data for small and micro enterprises to improve approval efficiency [3]. - The plan also highlights the need for banks to monitor the flow of loan funds to ensure they are used to support private enterprises and the real economy [3]. Group 2: Inclusive Insurance System - The plan calls for insurance companies to establish a specialized management system for inclusive insurance, including the creation of dedicated departments to oversee inclusive insurance initiatives [6]. - It aims to diversify the supply of inclusive insurance products, particularly in agriculture and for small and micro enterprises, by developing tailored insurance offerings [6]. - The plan encourages insurance companies to simplify underwriting processes and improve claims processing times to enhance service quality for underserved groups [6][7].

Group 1 - Postal Savings Bank of China (PSBC) Henan Branch has actively engaged in supporting small and micro enterprises through initiatives like the "Thousand Enterprises and Ten Thousand Households Visit" campaign, visiting 73,600 enterprises and providing over 28 billion yuan in credit and 25 billion yuan in loans [1][2] - The bank has developed eight cluster loan products to support the development of local industrial clusters, optimizing business processes to reduce loan approval times, resulting in a 45.15% share of inclusive micro and small credit loans by March 2025, an increase of 0.78 percentage points since the beginning of the year [2][3] - PSBC has established a dedicated mechanism for coordinating financing for small and micro enterprises, implementing a "one leader responsible" system and facilitating communication between government, banks, and enterprises to streamline information flow and support government initiatives [2][3] Group 2 - Companies like Xianli Noodle Industry Co., Ltd. have benefited from PSBC's financial support, receiving a 5 million yuan technology credit loan to address funding challenges and ensure operational continuity [1] - New Electric Power Technology Co., Ltd. has seen significant research investment, with PSBC's financial backing acting as a "strong heart booster" for its development [2] - Yuxing Copper Industry Co., Ltd. received timely assistance from PSBC to alleviate liquidity issues after investing all its own funds into fixed assets and equipment [2][3]