Core Insights - The financial regulatory authority has reported significant progress in supporting micro and small enterprises (MSEs) financing, with over 90 million MSEs visited and new credit of 23.6 trillion yuan issued by banks as of June 2025 [1] - The establishment of a coordinated work mechanism for MSE financing reflects the need for multi-party participation to enhance financing accessibility for these enterprises [1] Group 1: Financing Mechanism - As of June 2025, banks have issued new loans totaling 17.8 trillion yuan, with credit loans making up 32.8% of the total [1] - The coordinated work mechanism was established in October 2024 by the financial regulatory authority and the National Development and Reform Commission to support MSE financing [1] Group 2: Local Initiatives - In Tongliao City, the government has implemented a "direct" support mechanism for enterprises, focusing on financing, approval processes, and debt clearance [2] - By the end of May this year, Tongliao City had cleared 1.69 billion yuan in overdue payments to enterprises and addressed 415 enterprise requests [1][2] Group 3: Financial Services - The People's Bank of China in Tongliao has developed a differentiated service system to cater to the unique financing needs of MSEs, resulting in over 15% growth in loans for 30 consecutive months [2] - Financial institutions in Tongliao are providing tailored credit solutions to meet the diverse funding requirements of small enterprises, supporting their sustainable development [2]