Group 1 - The core objective of the new policy is to enhance the quality of financial services for small and micro enterprises (SMEs) while maintaining quantity and price stability [1][8] - The 2025 financial service goals for SMEs include "ensuring quantity, improving quality, stabilizing prices, and optimizing structure," with a shift in focus towards supporting sectors such as foreign trade, private enterprises, technology, and consumption [1][8] - The new directive emphasizes the need for financial institutions to avoid disorderly competition and establish a differentiated supply structure to enhance the sustainability of financial services [4][6] Group 2 - The previous "two increases and two controls" metrics for SME financial services have been replaced with a focus on quality and effectiveness, allowing financial institutions to prioritize sustainable service models over mere scale [2][3] - Financial institutions are required to ensure that the growth rate of loans to SMEs matches or exceeds the overall loan growth rate, with specific targets set for large commercial banks and joint-stock banks [2][8] - The policy encourages banks to manage loan pricing based on market conditions and the characteristics of SME clients, aiming to reduce operational costs and improve risk management [4][6] Group 3 - A financing coordination mechanism has been established to facilitate the rapid delivery of credit to SMEs, with significant loan issuance reported through this mechanism [7][8] - The policy aims to deepen collaboration between central and local authorities to enhance the quality of SME support and address operational challenges faced by these enterprises [7][8] - The overall direction of the new policy is expected to improve the financing environment for SMEs and enhance the effectiveness of financial services to the real economy [8]