此外，财政政策与金融政策协同联动还体现在其他诸多领域，比如，政府投资基金、农业保险、地 方政府融资平台债务风险化解等。 推动财政政策与金融政策更好协同联动、放大政策效能，重在落实落细。 一方面，政府部门、金融机构需完善协作机制，强化密切配合。政府性融资担保涉及业务经营、风 险监管、机制创新、制度保障等方方面面，需要建立和落实以财政支持为保障、以绩效考核为指引、以 银担合作为桥梁、以信息共享为支撑的政策体系。个人消费贷款和消费领域的服务业经营主体贷款两项 贴息政策，实施中涉及经办机构操作、金融监管、财政资金管理等多个环节，需要各方面加强合作，让 消费者、经营者实实在在享受到政策红利，有效实现促消费、惠民生的政策目标。 中央经济工作会议要求，提升宏观经济治理效能；增强宏观政策取向一致性和有效性。财政政策与 金融政策作为重要宏观调控工具，对经济运行影响的侧重面有所差别，但又相互联系、相互补充。强化 财政金融协同联动，可以更好同向发力、形成合力，实现"1+1>2"的倍增效应，特别是发挥财政资金的 导向、带动作用，引导更多金融资源流向支持就业创业、中小企业融资、促进消费等领域，实现有效市 场和有为政府相结合。 在促进消 ...

此外，财政政策与金融政策协同联动还体现在其他诸多领域，比如，政府投资基金、农业保险、地方政 府融资平台债务风险化解等。 推动财政政策与金融政策更好协同联动、放大政策效能，重在落实落细。 一方面，政府部门、金融机构需完善协作机制，强化密切配合。政府性融资担保涉及业务经营、风险监 管、机制创新、制度保障等方方面面，需要建立和落实以财政支持为保障、以绩效考核为指引、以银担 合作为桥梁、以信息共享为支撑的政策体系。个人消费贷款和消费领域的服务业经营主体贷款两项贴息 政策，实施中涉及经办机构操作、金融监管、财政资金管理等多个环节，需要各方面加强合作，让消费 者、经营者实实在在享受到政策红利，有效实现促消费、惠民生的政策目标。 另一方面，不断优化完善各项措施，促进政策实施提质增效。无论是个人消费贷款和消费领域的服务业 经营主体贷款贴息，还是政府性融资担保支持就业创业，都有必要持续做好政策实施跟踪，多听取个 人、经营主体反馈与诉求，评估政策实施效果，提高政策精准性、有效性。提升服务效能，简化业务流 程，确保政策红利便捷直达个人和经营主体。此外，还可以创新财政金融协同的政策工具，更好适应经 济发展和市场运行需要。 攥指成拳， ...

Core Viewpoint - The Ministry of Finance and the People's Bank of China issued guidelines to enhance the role of government financing guarantee systems in supporting employment and entrepreneurship, particularly for small and micro enterprises facing financing difficulties [1][2]. Group 1: Government Financing Guarantee System - The guidelines aim to leverage government financing guarantees to improve credit for small and micro enterprises, which are crucial for job creation but often face challenges such as insufficient collateral and weak creditworthiness [1]. - A quantitative evaluation and incentive mechanism has been established to shift the focus of guarantee resources from merely increasing quantity to enhancing quality and efficiency, with a key indicator for employment contribution [1][2]. - The government financing guarantee system is structured to support employment and innovation, with a three-tier organizational framework involving the National Financing Guarantee Fund, provincial re-guarantee institutions, and municipal and county-level direct guarantee institutions [3]. Group 2: Employment Support Measures - The guidelines include a mechanism linking employment contribution to credit limits and re-guarantee fee discounts, which reduces costs for cooperating institutions and ensures effective policy implementation [2]. - The policy expands support to include previous graduates and vocational school graduates, addressing current labor market needs and enhancing fairness and coverage [2]. - The financing guarantee industry estimates that every 1 billion yuan in guarantees can stabilize over 800 jobs, highlighting the significant impact of these measures on employment [4]. Group 3: Financial Impact and Growth - The cumulative scale of re-guarantee cooperation has exceeded 6.7 trillion yuan, with an annual growth rate of approximately 40%, and the average guarantee fee rate has dropped below 1% [3]. - The financing costs for small micro enterprises have decreased to below 5%, indicating a positive trend in financial accessibility for these businesses [3]. - The government financing guarantee system has served over 5.7 million small and micro enterprises, stabilizing approximately 59 million jobs, demonstrating its effectiveness in supporting the labor market [4].

12月26日，财政部、中国人民银行等部门联合印发《关于进一步发挥政府性融资担保体系作用加力支持 就业创业的指导意见》，推动发挥政府性融资担保体系增信分险作用，引导更多金融资源精准支持就业 创业。 小微企业是吸纳和拉动就业的主力军，部分小微企业有效抵质押物较少、资信较弱，出现融资难、融资 贵等问题。政府性融资担保为小微企业增进信用，为金融机构分担风险，是财政金融政策协调配合支持 小微企业融资发展、促进就业、扩大内需的重要政策工具。"2026年是'十五五'开局之年，落实中央经 济工作会议部署要求，《指导意见》将与贷款贴息等政策协同发力，推动经济实现质的有效提升和量的 合理增长，服务经济社会高质量发展。"财政部有关负责人说。 在支持就业方面，《指导意见》建立了一套量化评价与激励约束机制，推动担保资源从扩面增量向提质 增效转变，引导政府性融资担保加大对就业的贡献力度。其中，创设就业贡献度"一个关键指标"。该指 标综合政府性融资担保机构支持就业增长、担保资源稳定就业人数加权计算，突出业务规模、风险控 制、就业带动"三位一体"的绩效导向，引导更多担保资源精准服务就业。 同时，实施就业贡献度与担保资源分配的"两项挂钩机制" ...

财政部有关负责人在解读《意见》时表示，财政部指导融担基金发挥体系引领作用，凝聚1500余家担保 机构力量，累计再担保合作业务规模超过6.7万亿元，年均增长约40%，合作机构平均担保费率降至1% 以下，小微企业综合融资成本降至5%以下。 近日，财政部等四部门发布《关于进一步发挥政府性融资担保体系作用 加力支持就业创业的指导意 见》（下称《意见》），核心内容是引导政府性融资担保加大对就业的贡献力度，从而稳就业、扩内 需。 小微企业是吸纳和拉动就业的主力军，部分小微企业有效抵质押物较少、资信较弱，出现融资难、融资 贵等问题。而政府性融资担保具有"增信、分险、中介"重要功能，是助力小微企业融资发展的重要政策 工具，也发挥了重要作用。 【#万亿级政府融资担保支持稳就业#：#1亿担保可稳就业800人#】就业是最基本民生，中国在万亿级政 府融资担保资源分配方面将更多地考虑稳就业因素。 "在服务就业方面，据融资担保行业估算，每提供1亿元担保可稳定就业超过800人。财政部指导融担基 金优化业务结构，引领体系加力支持劳动密集型企业，融担基金累计服务小微企业等经营主体超过570 万户次，稳定就业约5900万人次。"上述负责人称。 ...

Core Viewpoint - The Guangdong Provincial Government is implementing measures to alleviate financing difficulties for small and micro enterprises and the agricultural sector by allocating 60 billion yuan from 2025 to 2027 to enhance the capacity of government financing guarantee institutions [1][4]. Group 1: Financial Support Measures - The provincial finance department will inject 15 billion yuan annually into the provincial financing re-guarantee company from 2025 to 2027, totaling 45 billion yuan over three years [2]. - The funding aims to create a collaborative mechanism between provincial and municipal financing guarantee institutions to strengthen their development [2]. Group 2: Cost Reduction Initiatives - A total of 15 billion yuan will be allocated for fee reduction subsidies and compensation funds over three years, aiming to keep the average annual guarantee fee rate below 1% for policy financing guarantee services [3]. - This initiative is designed to lower the financing costs for small and micro enterprises and the agricultural sector [3]. Group 3: Expected Outcomes - The financial support is expected to significantly enhance the capital strength, risk resistance, and business expansion capabilities of government financing guarantee institutions, potentially increasing the annual guarantee scale to over 100 billion yuan [4]. - This will help alleviate the long-standing financing challenges faced by small and micro enterprises and the agricultural sector, providing continuous financial support [4].

Core Viewpoint - The government and market are working together to enhance the effectiveness of government financing guarantees, which will provide strong financial support for promoting high-quality development [5] Group 1: Government Financing Guarantee System - The current government financing guarantee system in China consists of a three-tier organizational structure: National Financing Guarantee Fund, provincial re-guarantee institutions, and municipal (county) direct guarantee institutions, achieving full coverage at the municipal and county levels [1] - In 2024, the scale of cooperation business with the National Financing Guarantee Fund reached 1.41 trillion yuan, with a cumulative cooperation scale exceeding 5.5 trillion yuan, reducing the comprehensive financing cost for operating entities to below 5% and the average guarantee fee rate to below 1% [1] Group 2: Challenges and New Regulations - Small and micro enterprises are facing significant operational pressures due to insufficient domestic demand and rising costs, necessitating better utilization of government financing guarantees as a key tool for stabilizing business confidence [2] - The Ministry of Finance and other departments issued the "Government Financing Guarantee Development Management Measures," which is one of the most systematic and operational policy documents in this field, outlining the direction for industry development [2] - The new regulations require that guarantees for small and agricultural enterprises account for no less than 80%, with over 50% of single transactions being below 5 million yuan, while prohibiting guarantees for government bonds and financing platforms [2] Group 3: Support and Risk Management - The new measures establish a multi-level policy support system, including capital supplementation, risk compensation, and guarantee fee subsidies, to enhance the capital strength and risk resistance of government financing guarantee institutions [3] - The measures allow for the establishment of a national business management platform and the integration of credit information systems to address information asymmetry, while also promoting a culture of risk-sharing among government, banks, and guarantee institutions [4] Group 4: Future Directions - There is a need to balance risk prevention with inclusive goals, and financial management departments should consider successful local practices to establish a tiered risk-sharing mechanism [4] - Accelerating digital transformation is essential, as credit data for small and micro enterprises is currently scattered across various departments, necessitating a cross-departmental data collaboration mechanism [4] - Exploring new service models, such as "guarantee + supply chain finance," is crucial to meet the financing needs of new technologies and business models in the real economy [4]