Core Insights - The National SME Fund Flow Credit Information Sharing Platform is set to launch on October 25, 2024, aimed at improving financing efficiency for small and micro enterprises [2] - The platform will facilitate access to credit information for banks, helping to address challenges faced by enterprises lacking collateral or credit history [2] Group 1: Service Overview - Target Audience: The platform primarily serves small and micro enterprises, including individual businesses [2] - Service Providers: Key participants include state-owned commercial banks, national joint-stock banks, rural commercial banks, and urban commercial banks [2] - Service Offerings: The platform provides information support for bank credit and loan management, allowing enterprises to authorize banks to access their fund flow credit information [2] Group 2: Operational Mechanism - Data Account Creation: Each small and micro enterprise will have a dedicated data account, with the option to share information with financial institutions [3] - Authorization Process: Enterprises can authorize banks to access their fund flow credit information through a secure process involving identity verification and authorization confirmation [3] Group 3: Application and Impact - Local Implementation: The Jining branch of the People's Bank of China is actively promoting the platform as a key tool for enhancing financial services to the real economy [3] - Results: As of September 2025, 35 pilot banks have facilitated 2,100 loans totaling 9.314 billion yuan to 1,625 enterprises, with 97% of these loans going to small and micro enterprises [3]

Core Viewpoint - The establishment of the national small and micro enterprise capital flow credit information sharing platform is a crucial infrastructure to support the financial "five major articles," enhancing credit information services and facilitating financing for small and micro enterprises [1][2][3]. Group 1: Support for Financial "Five Major Articles" - The capital flow information platform is essential for optimizing credit resource allocation and promoting financing for small and micro enterprises, aligning with the strategic needs of high-quality economic development [2]. - The platform addresses issues of information asymmetry and enhances the interconnectivity of credit information, forming a modern financial system with Chinese characteristics [2][3]. - The platform has established credit information files for over 60 million enterprises, supporting nearly 700 billion yuan in financing for small and micro enterprises [1][3]. Group 2: Characteristics of Capital Flow Information Platform - The platform provides comprehensive, reliable, and real credit information, which is crucial for financial services [3]. - It covers a wide range of enterprises, achieving near-total coverage of small and micro enterprises [3]. - The platform operates as a public service, with maintenance costs borne by the credit center, maximizing social benefits and reducing financing costs for small and micro enterprises [3][4]. Group 3: Application Mechanism and Data Utilization - The platform has been integrated into credit decision-making and risk management processes of financial institutions, enhancing its role as a foundational infrastructure [6][7]. - It encourages financial institutions to utilize the platform for credit management, improving the accessibility of financing for credit-limited small and micro enterprises [7][8]. - The platform provides detailed credit products, including monthly summaries and quarterly reports, which help in constructing a comprehensive credit assessment system [4][10]. Group 4: Initial Achievements and Future Directions - As of July 2025, the platform has supported nearly 700 billion yuan in credit for innovative and agricultural enterprises, demonstrating its effectiveness [11][12]. - The platform has facilitated the development of various credit products tailored for small and micro enterprises, enhancing the financing landscape [14][15]. - Future efforts will focus on expanding the range of participating financial institutions and enhancing the protection of information subject rights [19][20].