Core Insights - The article highlights the evolution and significance of urban commercial banks in China over the past 30 years, emphasizing their role in serving the real economy and their unique development paths [1] - Xinwang Bank is positioned as a digital financial pioneer, focusing on five key areas: technology finance, green finance, inclusive finance, elderly finance, and digital finance, thereby injecting new momentum into the real economy in the digital age [1] Group 1: Technology Finance - Xinwang Bank has submitted over 540 patent applications, ranking among the top globally for new applications, and has been consistently listed among China's top 50 fintech companies [3] - The bank offers fully online, unsecured, and zero-contact digital financial products tailored to the financing needs of technology startups, addressing their lack of collateral and standardized data [3] Group 2: Green Finance - Xinwang Bank aims to be a "carbon-neutral bank," integrating "dual carbon" goals into its development strategy, focusing on both low-carbon operations and facilitating clients' transitions to low-carbon lifestyles [5] - The bank has launched innovative digital financial products like "Low-Carbon Circular Loans" and "Green Easy Financing" to meet the financing needs of small and micro enterprises in the recycling sector [5] Group 3: Inclusive Finance - In response to national policies aimed at alleviating financing difficulties for small and micro enterprises, Xinwang Bank employs a differentiated strategy, focusing on underserved customer segments and risk-controlled businesses [6] - The bank has introduced a decentralized supply chain financial solution that is fully online, real-time, and purely credit-based, covering the entire lifecycle of enterprises [6] Group 4: Elderly Finance - Xinwang Bank is actively developing financial services and products tailored for the elderly, enhancing its offerings to meet the needs of an aging population [7] - The bank has upgraded its technology and product experience, including a "Caring Mode" in its official app to better serve elderly customers [7] Group 5: Digital Finance - As a next-generation digital-native bank, Xinwang Bank is advancing its digital financial ecosystem, focusing on risk management, customer service, and operational efficiency [8] - The bank has initiated the "Smart Engine AI+" strategic upgrade, aiming for widespread AI tool adoption across all business areas by 2025, marking a significant shift towards deeper digital finance [8]

Core Viewpoint - The establishment of the "Micro and Small Enterprises Financing Coordination Mechanism" has significantly improved the financing environment for small and micro enterprises in China, particularly in Ningbo, through collaborative efforts between various stakeholders [1][2]. Group 1: Mechanism and Implementation - The Micro and Small Enterprises Financing Coordination Mechanism was initiated by the National Financial Supervision Administration and the National Development and Reform Commission to address the financing difficulties faced by small enterprises through a coordinated approach [2]. - Local governments have established corresponding mechanisms to facilitate the identification of financing needs and to ensure timely and accurate connections between banks and eligible small enterprises [2][3]. - As of September 2025, Ningbo has visited 272,000 business entities, with 151,300 receiving credit totaling 1,135.259 billion yuan, and loans amounting to 776.774 billion yuan disbursed [3]. Group 2: Innovations in Banking - Banks have restructured their internal processes and organizational frameworks to better serve small and micro enterprises, moving away from traditional credit assessment methods [5][6]. - New banking models have emerged, such as the establishment of specialized branches focused on technology finance, which allows for tailored financial products and services [6][7]. - Banks are now assessing potential clients based on intangible assets like team capabilities and product potential rather than solely on tangible assets, leading to a significant increase in credit availability for technology enterprises [7]. Group 3: Financial Support for New Productive Forces - The financing coordination mechanism has effectively directed financial resources towards nurturing new productive forces, with significant increases in loans for strategic emerging industries [8]. - As of September, the Agricultural Bank of Ningbo reported a loan balance of 57.8 billion yuan for technology enterprises, with a growth rate of 28%, and 62.9 billion yuan for strategic emerging industries, with a growth rate of 36% [8]. - Banks are actively participating in the construction of innovation ecosystems by collaborating with local governments, research institutions, and incubators to create a supportive environment for small enterprises [9].

Core Insights - The establishment of the "Micro and Small Enterprises Financing Coordination Mechanism" has significantly improved the financing environment for small and micro enterprises in China, focusing on direct and efficient access to credit [1][2][3] Group 1: Mechanism Overview - The mechanism aims to address the financing difficulties faced by small and micro enterprises by promoting collaboration between central and local governments, as well as financial institutions [2][3] - As of September 2025, Ningbo has visited 272,000 businesses, with 151,300 receiving credit totaling 1,135.259 billion yuan, and loans amounting to 776.774 billion yuan disbursed [3] Group 2: Operational Efficiency - The mechanism has streamlined the process for banks to connect with enterprises, reducing inefficiencies and ensuring that credit reaches those in need quickly and at appropriate rates [4] - For instance, the average loan approval time at Yongcheng Rural Commercial Bank is maintained at under three days due to the coordination efforts [4] Group 3: Innovation in Banking - Banks are reforming their internal structures and processes to better serve small and micro enterprises, moving towards technology-driven and inclusive financial models [5][6] - Agricultural Bank of Ningbo has established a specialized branch for technology finance, while other banks are creating dedicated teams to support tech enterprises [6] Group 4: Tailored Financial Products - Financial products are being customized to meet the specific needs of different types of enterprises, with a focus on innovation and adaptability [6][7] - For example, Agricultural Bank of Ningbo has developed online, credit-based products tailored for small foreign trade enterprises [6] Group 5: Focus on New Quality Productivity - The financing mechanism has successfully directed financial resources towards nurturing new quality productivity, with significant increases in loans for strategic emerging industries [7][8] - As of September, loans for technology enterprises reached 57.8 billion yuan, with a growth rate of 28%, while loans for strategic emerging industries reached 62.9 billion yuan, growing by 36% [7] Group 6: Collaborative Ecosystem - Banks are increasingly viewing themselves as builders of innovation ecosystems, collaborating with local governments, research institutions, and incubators to create a supportive environment for small and micro enterprises [8][9] - The focus is on creating a virtuous cycle of support that enhances the overall financing landscape for these enterprises [9]