Core Insights - The article highlights the efficiency of the credit approval process at Sihong Rural Commercial Bank, particularly for small and micro enterprises facing urgent funding needs due to large orders [1][2] - The bank has implemented a national platform for sharing credit information, which significantly reduces the time required for credit assessments and approvals [2] Group 1: Credit Approval Process - A small clothing processing enterprise was able to secure a credit loan of 1.2 million yuan within three working days, thanks to the streamlined credit approval process [1] - The traditional credit approval process was characterized by cumbersome documentation and lengthy due diligence periods, which posed challenges for businesses needing quick funding [1] - The bank's customer manager utilized the national platform to access various data points, including financial flows and past credit records, to expedite the evaluation process [1] Group 2: Platform Implementation and Impact - Since the beginning of the year, Sihong Rural Commercial Bank has focused on addressing issues such as information asymmetry and long due diligence cycles in the credit approval process for small and micro enterprises [2] - The bank has successfully queried enterprise financial flows 368 times through the platform, facilitating a total of 327 million yuan in credit for businesses [2] - The platform allows for a comprehensive and precise understanding of a company's operational and credit status, thereby enhancing the efficiency of the credit approval process [2]