Core Insights - The average weighted interest rate for new corporate loans in Guizhou Province from January to July this year is 3.64%, a decrease of 0.45 percentage points year-on-year [1] - The People's Bank of China Guizhou Branch has been actively optimizing financial resource allocation for the private economy, with a focus on enhancing financial support and service levels [1] - By the end of July, the balance of re-loans and rediscounts for supporting agriculture and small enterprises in Guizhou reached 78.255 billion, achieving full policy coverage across 88 counties [1] Financial Support for Private Economy - The balance of loans for the private economy in Guizhou reached 905.124 billion, reflecting a year-on-year growth of 6.16%, which is 0.96 percentage points higher than the growth rate of total loans during the same period [1] - The Guizhou Branch of the People's Bank has established a national credit information sharing platform for small and micro enterprises, involving 20 financial institutions in Guizhou for pilot usage [1] - As of the end of July, pilot financial institutions issued over 1,600 loans through the platform, amounting to over 4 billion, with nearly 90% of these being inclusive small and micro loans and over half being credit loans [1] Financing Channels for Private Enterprises - The province has been expanding financing channels for private enterprises by promoting a unified registration and public announcement system for movable property financing and accounts receivable financing service platforms [2] - Since 2021, the unified registration system has recorded 101,000 new registrations and 444,500 queries, with 1,926 registered users [2] - The accounts receivable financing service platform has facilitated 12,300 new financing transactions, amounting to 487.114 billion, with small and micro enterprises accounting for 85.74% of the financing amount [2]

Group 1 - The private economy is the largest characteristic and advantage of Zhejiang province, with a private economy loan balance reaching 10.66 trillion yuan as of June 2023 [1] - Zhejiang has actively strengthened the connection between government, banks, and enterprises to enhance credit supply, recommending over 10,000 key construction projects to financial institutions, resulting in loans exceeding 2 trillion yuan, with more than one-third allocated to private enterprise investment projects [1] - The province has broadened the range of collateral and promoted financing models such as biological assets and agricultural facilities to improve credit satisfaction for small and micro private entities [1] Group 2 - Zhejiang has implemented the "second arrow" policy to optimize financial supply, enhancing support for private enterprise bond issuance through various initiatives, resulting in 169 private enterprise projects receiving 794 million yuan in bond financing support tools [2] - The province is exploring multi-level financing channels to support private enterprises, with nearly 70% of the stock repurchase and increase loans applied for by financial institutions aimed at supporting private listed companies [2] Group 3 - Zhejiang has optimized cross-border financial services to facilitate foreign exchange investment and financing for private enterprises, with 43 banks included in the pilot program and 5,822 quality enterprises registered, of which 84% are small and micro private enterprises [3] - The province is guiding enterprises to utilize government financing guarantees and exchange rate hedging policies to enhance the risk management capabilities of small and medium-sized enterprises [3]