信用风险展望 | 融资担保行业 信用风险展望 融资担保行业 融资担保行业 2026 年信用风险展望 从信用中介向战略支点 "双轨制"下的职能深化与信用筑基 摘要：2025 年，政策引导与市场需求的双重作用下，担保机构聚焦主业推进业务转型， 对科技创新领域的支持力度增强、普惠领域的支持不断深化，风险缓释作用进一步凸显，债券 担保余额回升,贷款担保业务拓展意愿提升；市场化担保机构资产安全性及流动性整体保持良 好，表内债务管理压力整体较小，同时资本水平整体充足，整体信用质量保持高位稳定，政府 性融资担保机构信用质量仍分化较为明显。展望 2026 年，行业将在深化政策性职能与探索市 场化创新中推进业务持续转型，头部担保机构将继续占据主导地位；尽管面临经济环境复杂、 局部信用风险暴露等多重挑战，但在金融监管全面加强、财政政策持续优化的支持下，行业风 险抵御能力有望增强，整体信用质量将维持稳定。 一、行业供给能力分析 1.1 资本充足性 2025 年，市场化担保机构资本水平整体较为充足，未来业务拓展空间较大，政府性融资 担保机构的资本补充压力相对较大；预计 2026 年，担保机构资本水平仍将延续分化特征，市 场化机构的资 ...

《金融时报》记者了解到，这些创新产品大多打破了传统担保对抵质押物的依赖，更多依托企业经营信 用、知识产权、产业场景等开展增信，有效破解了实体经济主体"缺抵押、难增信"的核心痛点。 例如，针对科技型小微企业"轻资产、高成长、高风险"的特点，专属担保产品成为赋能科创的"金钥 匙"。 传统融资模式成本较高，一定程度上压缩了利润空间。浙江中电环境科技公司中标了某大型项目，企业 负责人却因垫付资金陷入两难。嘉兴市融担公司依托国家融资担保基金"科技创新专项"政策通道推出 了"科技创新保"，将企业"订单+专利"优势转化为信用担保额度，联合某银行助力担保贷款迅速到 位。"叠加各类相关政策后，企业的综合融资成本骤降，利润空间就出来了。"企业负责人的喜悦之情溢 于言表。 国家融资担保基金发布的数据显示，2025年，融担基金服务各类科创名单内企业业务规模达3803.90亿 元，占全部业务的25.83%。31个省（区、市）落地科技创新担保专项计划业务，全年完成业务规模 1413.62亿元、4.35万笔，支持科创企业3.44万户。从支持行业来看，业务规模占比居前三位的是工业、 软件和信息技术服务业、批发业，占比分别为69.06%、9. ...

在政策护航下，破解实体经济融资痛点，关键在于推出贴合需求、打破局限的创新担保产品。 面对小微企业、"三农"主体、科创企业等不同群体"缺抵押、需求杂、用款急"的差异化难题，各地 融资担保机构跳出传统担保思维，量身定制多元化产品，让金融活水精准滴灌至实体经济各领域。 实体经济是国民经济的基础和命脉，小微企业与"三农"主体是实体经济的"毛细血管"，更是稳就 业、保民生、促发展的关键抓手。 作为连接金融与实体经济的桥梁，融资担保公司凭借"增信、分险、中介"的核心功能，一头连着银 行机构的信贷供给，一头连着市场主体的资金需求，成为破解普惠领域融资痛点、打通金融活水"最后 一公里"的重要力量。 近年来，随着《政府性融资担保发展管理办法》等一系列政策落地见效，融资担保行业不断通过产 品创新、服务提质，为实体经济发展注入金融动能。 产品创新加速激活实体经济融资动能 好产品需好服务加持。融资担保行业服务实体经济，既要靠产品创新破解"贷不到"的难题，又要靠 服务提质满足"贷得快、贷得省、贷得暖"的需求。 记者注意到，近年来，各地融资担保机构聚焦企业融资全流程，从简化流程、下沉服务、降费让 利、数字化升级等方面发力，以有温度、高效 ...

Core Viewpoint - The development history of Shenzhen as a Special Economic Zone over 45 years is a remarkable narrative of reform and innovation, with Ping An Bank playing a significant role as both a witness and a participant in this journey [3] Group 1: Technology Finance - Ping An Bank actively constructs a "customer + product + policy + ecosystem" operational system to provide comprehensive financial services for technology enterprises [4] - The bank has increased support for advanced manufacturing and technology innovation sectors, with a focus on specialized small and medium enterprises, enhancing customer cultivation and professional support [4] - As of mid-2025, the number of technology enterprise clients reached 29,270, a 6.7% increase from the previous year, and the loan balance for technology enterprises was 193.436 billion yuan, up 13.2% [4] Group 2: Green Finance - Ping An Bank elevates green finance to a strategic level, supporting Shenzhen's green transformation through innovative products and services [5] - The bank has established a diversified product system including green loans, green bonds, and carbon finance, providing comprehensive financial support for the green low-carbon circular economy [5][6] - As of mid-2025, the balance of green loans was 251.746 billion yuan, reflecting a 6.0% increase from the previous year [5] Group 3: Inclusive Finance - Ping An Bank has developed a digital inclusive finance model, enhancing financing efficiency and reducing costs for small and micro enterprises through online products [7] - The bank actively participates in community financial projects, supporting affordable housing and old community renovations to ensure equitable access to financial development [7] - As of mid-2025, the total amount of loans and advances issued by the bank reached 3.4 trillion yuan, a 1.0% increase, with new loans for inclusive small and micro enterprises amounting to 133.917 billion yuan, a 33.6% year-on-year growth [7] Group 4: Pension Finance - Ping An Bank is proactively planning for the aging population by offering a range of stable financial products tailored to retirement needs [9] - The bank collaborates with its insurance subsidiary to create solutions for home-based and community-based elderly care, enhancing the pension service rights system [9] - Over 2 million pension accounts have been opened, supporting diverse retirement needs for residents [9] Group 5: Digital Finance - Ping An Bank prioritizes digital transformation as a core driver of development, implementing a comprehensive digital operation strategy [10] - As of mid-2025, the number of registered users on the Ping An Pocket Bank APP reached 178 million, a 2.0% increase from the previous year [10] - The bank's technological advancements are not only enhancing its own operations but also empowering the financial industry in Shenzhen and the Greater Bay Area [10]