Core Viewpoint - The State Council has issued a notice to further promote the development of private investment, emphasizing the importance of supporting small and micro enterprises in financing [1] Group 1: Financial Support for Private Enterprises - Financial institutions are required to set annual service goals for private enterprises and implement inclusive credit policies to meet their reasonable credit needs [1][2] - As of September 2025, the balance of inclusive micro loans reached 36.1 trillion yuan, a year-on-year increase of 12.2%, while loans to the private economy amounted to 71.1 trillion yuan, growing by 5.4% [1] Group 2: Challenges in Financial Services - There are significant challenges in providing financial services to private enterprises, including imbalances in responsibilities and risks faced by grassroots employees in financial institutions [2] - The high credit risk levels of many small and micro enterprises discourage employees from approving loans due to fear of penalties for defaults [2] Group 3: Solutions for Financial Institutions - Financial institutions should adopt a correct operational philosophy and focus on the quality of enterprises rather than ownership or size, ensuring accurate assessments of their competitiveness and potential [2][3] - It is essential to implement inclusive credit policies effectively, relieving grassroots employees of concerns about responsibilities and encouraging them to engage with private enterprises [3] Group 4: Collaborative Efforts - A coordinated mechanism for supporting small and micro enterprises has been established to enhance collaboration between central and local authorities, facilitating better connections between banks and enterprises [3] - Financial institutions are encouraged to streamline processes and reduce costs for small and micro enterprises to improve their financing experience [3]