Core Viewpoint - The People's Bank of China and seven other departments have issued guidelines to enhance financial support for the new industrialization, emphasizing equal treatment of all types of enterprises, particularly private manufacturing firms [1] Group 1: Current State of Private Enterprises - Private enterprises account for over 92% of the total number of enterprises in China, with more than 420,000 recognized as national high-tech enterprises, also representing over 92% [1] - Private enterprises contribute more than 50% to both imports and exports, and over 80% to urban employment [1] - As of the end of June, the loan balance for the private economy reached 70.9 trillion yuan, reflecting a year-on-year growth of 5.4% [1] Group 2: Challenges Faced by Private Enterprises - Some private enterprises still face difficulties in financing, with issues stemming from financial institutions that either "will not lend," "dare not lend," or "do not want to lend" due to various risk assessment challenges [1] - Certain private enterprises engage in blind diversification and poor management, which increases their risk and complicates financing [2] Group 3: Proposed Solutions - A coordinated mechanism for supporting small and micro-enterprises is essential, focusing on both supply and demand to ensure that bank credit reaches the grassroots level quickly and at reasonable rates [2] - Financial institutions are urged to treat all enterprises equally, avoiding artificial barriers in financing and ensuring fair market participation [2] - Private enterprises should aim for long-term goals, enhancing governance structures to mitigate risks and improve access to financing [2] Group 4: Collaborative Efforts - The "support small and micro-enterprise financing coordination mechanism" should be leveraged to optimize financial services for private enterprises, enhancing their experience [3] - As of the end of June, over 90 million small and micro-businesses were visited under this mechanism, resulting in new credit of 23.6 trillion yuan and new loans of 17.8 trillion yuan, with credit loans making up 32.8% [3]