Group 1 - The core viewpoint of the article highlights that Shenzhen, recognized as the "first city of foreign trade" in China, is actively implementing measures to stabilize foreign trade through its financial sector [1] - Since May 2023, five banks in Shenzhen, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Export-Import Bank of China Shenzhen Branch, and WeBank, have introduced "financial stability foreign trade" measures [1] - These measures are tailored to the characteristics of foreign trade enterprises, which involve "short cycles and high-frequency transactions," leading to the development of cross-industry cooperation products involving government, banks, insurance, and enterprises [1] Group 2 - Shenzhen's foreign trade is projected to reach 4.5 trillion yuan in 2024, marking a significant milestone as it surpasses 4 trillion yuan for the first time, positioning it as the leading city for foreign trade in mainland China [1] - The year-on-year growth rate for Shenzhen's foreign trade is reported at 16.4%, with both imports and exports reaching historical highs [1]

Core Viewpoint - Shenzhen, recognized as the "first city of foreign trade" in China, is actively implementing measures to stabilize foreign trade through financial support from various banking institutions [1][2]. Group 1: Financial Measures - Five banks in Shenzhen, including Bank of China and Industrial and Commercial Bank of China, have launched "financial stability for foreign trade" measures since May 2023 [1][2]. - The "Micro Trade Loan" product, specifically designed for foreign trade enterprises, was introduced by the Export-Import Bank of China Shenzhen Branch in collaboration with other financial institutions [1][2][3]. - The Export-Import Bank is providing low-cost special funds, while WeBank offers automated approval and precise pricing for the loans [2][3]. Group 2: Economic Performance - Shenzhen's foreign trade is projected to reach 4.5 trillion yuan in 2024, marking a 16.4% year-on-year increase, with both imports and exports hitting historical highs [1][2]. - In April 2023, Shenzhen's import and export volume was 404.61 billion yuan, reflecting a 3.8% year-on-year growth [2][6]. - The city has maintained a strong resilience in foreign trade, achieving significant growth despite challenging international trade conditions [2][6]. Group 3: Collaborative Model - The financial support model involves a collaboration among policy banks, digital banks, insurance providers, and government information platforms, creating a comprehensive support system for foreign trade enterprises [2][5]. - The "Micro Trade Loan" aims to address the financing difficulties faced by small and micro foreign trade enterprises, with a focus on reducing financing costs and improving access to funds [3][5]. Group 4: Future Commitments - Shenzhen banks have committed to providing substantial credit support to foreign trade enterprises, with plans to offer at least 1.8 trillion yuan in credit and 180 billion USD in international trade settlement support by 2025 [4][5]. - The local government continues to encourage financial institutions to enhance their support for foreign trade enterprises, aiming to foster high-quality development in this sector [5][6].

Group 1: Banking Sector Support for SMEs - As of the end of Q1 2025, the balance of inclusive loans to small and micro enterprises reached 35.3 trillion yuan, a year-on-year increase of 12.5% [1] - Financial institutions have increased credit supply to small and micro enterprises, with approximately 17 trillion yuan in new financing for the real economy in the first four months of this year [2] - The cumulative amount of renewed loans for small and micro enterprises since the expansion of the no-repayment renewal policy in September last year reached 4.4 trillion yuan [2] Group 2: Policy Initiatives and Financial Tools - The government has introduced a package of policies to optimize and innovate structural monetary policy tools, focusing on supporting technology innovation, green development, and small and micro enterprises [2] - The People's Bank of China has implemented a series of structural monetary policy tools, including a 0.25 percentage point reduction in interest rates for certain loans [3] - Financial regulatory authorities are encouraging banks to develop differentiated and personalized products to better meet the financial needs of various enterprises [2][3] Group 3: Challenges Faced by SMEs - Small and micro enterprises face challenges in financing, primarily due to difficulties in obtaining collateral, incomplete credit records, and high audit costs [4] - The lack of standardized financial information among small and micro enterprises leads to higher information asymmetry in the financial market [5] Group 4: Financial Services Optimization - The financial regulatory authority has issued a notice to enhance financial services for small and micro enterprises, promoting credit information sharing and improving data quality [4] - Banks are encouraged to utilize digital financial methods to explore operational data of small and micro enterprises, thereby broadening financing channels [5] Group 5: Support for Foreign Trade - Small and micro enterprises play a crucial role in foreign trade, with private enterprises' imports and exports increasing by 5.8% year-on-year in Q1, accounting for 56.8% of total imports and exports [7] - Financial institutions are providing funding for foreign trade small and micro enterprises to support technological innovation and equipment upgrades [7] - The financial regulatory authority has expanded the financing coordination mechanism to all foreign trade enterprises to ensure timely loan provision [7][8]