Core Insights - The article highlights the successful implementation of a financing coordination mechanism for small and micro enterprises in Zhejiang and Fujian provinces, which has significantly improved access to credit for these businesses [1][5][7] Group 1: Company Financing Challenges - Zhejiang Qixie Technology Co., Ltd. has invested 30 million yuan since 2022 in R&D and has applied for over 20 core patents, but faces funding challenges due to its reliance on self-financing [1] - The company received a 11 million yuan credit loan within three days of applying, which alleviated its funding issues for expansion [1][2] - Many small enterprises, like Qixie Technology, struggle with a lack of collateral and credit history, making it difficult to secure bank financing [3] Group 2: Innovative Financing Solutions - The "Tai Chuang·Patent Pool Loan" product was introduced by Sanmen Rural Commercial Bank, allowing Qixie Technology to use its patents as collateral for a loan [2] - The financing coordination mechanism encourages banks to innovate credit products tailored to the unique needs of small enterprises, moving away from traditional collateral-based lending [3][4] - The collaboration between banks and insurance companies has led to new financing models that address the specific challenges faced by small businesses [4] Group 3: Digital and Data-Driven Approaches - Digital platforms, such as the "e-Longyan" service in Fujian, have been developed to streamline the loan application process for small enterprises, integrating data from various government departments [6] - The platform has successfully facilitated 84,400 financing transactions, amounting to 15.851 billion yuan in credit, with a significant portion directed towards small enterprises [6] Group 4: Enhanced Bank-Enterprise Interaction - The financing coordination mechanism has improved communication between banks and enterprises, allowing for more proactive engagement from bank staff [7] - Local banks are now more willing to lend, as the mechanism has reduced information asymmetry and built trust between financial institutions and small businesses [7][8] Group 5: Policy Support and Risk Management - Financial regulatory bodies are promoting policies that support the renewal of loans for small enterprises, ensuring they can manage cash flow effectively [8][9] - The implementation of a duty exemption system for bank staff has encouraged them to take on more lending opportunities without fear of repercussions [9]