Core Insights - The capital market in Henan has effectively supported small and medium-sized enterprises (SMEs), with "Specialized, Sophisticated, and Innovative Loans" totaling over 39.3 billion yuan, leading to bank loans exceeding 224.4 billion yuan [1][2] - The "One Chain, One Policy, One Batch" initiative has facilitated financing of 26.582 billion yuan for chain enterprises, while investment roadshows have generated investment intentions of 7.612 billion yuan for 1,936 enterprises [1][3] - The establishment of a provincial "Specialized, Sophisticated, and Innovative" board has successfully listed 106 enterprises, providing a dedicated platform for capital market cultivation [1][3] Financing Support - The "Specialized, Sophisticated, and Innovative Loans" policy, which does not require fixed asset collateral, has been designed to meet the financing needs of high-tech SMEs, with a cumulative loan issuance of 39.395 billion yuan as of November 14, 2025 [2] - A risk compensation fund has been established by the provincial government to support these loans, ensuring a collaborative risk-sharing approach [2] - A comprehensive financial support network has been created, involving 54 banks and investment institutions, to provide extensive financing services [2] Market Access and Development - The Henan Provincial Department of Industry and Information Technology has been promoting the transformation of large-scale industrial enterprises into joint-stock companies, establishing a cultivation database of 545 companies [2] - The launch of the "Specialized, Sophisticated, and Innovative" board on September 16, 2025, marks a significant step in providing a dedicated capital market platform for SMEs [3] - The "One Chain, One Policy, One Batch" initiative has successfully facilitated financing for 11,418 chain SMEs, amounting to 26.582 billion yuan, enhancing their access to capital [3] Future Outlook - The capital market's targeted support has transformed the financing landscape for SMEs in Henan, moving from "difficult financing" to "easy financing" and enabling them to focus on growth [3] - Continued policy implementation is expected to further enhance capital market services for SMEs, solidifying the microeconomic foundation for high-quality local development [3]