Core Insights - The article highlights the successful launch and impact of the "Jinjiang Private Development Loan," a dedicated financial product aimed at supporting private enterprises in Chengdu's Jinjiang District, which has provided significant funding to local businesses [1][3]. Group 1: Product Innovation - The "Jinjiang Private Development Loan" was introduced in March 2023, marking the first dedicated inclusive loan product for private entities in China, showcasing rapid implementation of policies to support private economic financing [3]. - The loan product addresses key financing pain points for private enterprises, offering three main advantages: high loan limits (up to 30 million yuan), long repayment terms (up to 10 years), and low interest rates (as low as 2.9%) [3]. - The operational success of the product relies on two core mechanisms: a "financing whitelist + quota calculation" model to identify quality enterprises and a "matching call + precise reach" mechanism for effective service delivery [3]. Group 2: Impact on Enterprises - Chengdu Century Feiyang Technology Group, a beneficiary of the loan, received 3 million yuan to alleviate cash flow issues caused by extended payment cycles and urgent funding needs for new business expansion [4]. - The financial service innovation has resulted in a 2.5 times increase in service effectiveness, a 30% reduction in average loan approval time, an 80% increase in average credit limits, and a 45 basis points reduction in overall financing costs for enterprises [3]. Group 3: Ecosystem Empowerment - Jinjiang District is focused on creating a favorable business environment through a combination of financing promotion and industrial cluster development, aiming for a market-oriented, rule-of-law, and internationalized ecosystem [5]. - The launch of the "Jinjiang Private Development Loan" is seen as a practical implementation of the "Promotion Law of Private Economy" in China, fostering long-term cooperative relationships among government, banks, and enterprises [5]. - The Jinjiang model is recognized as a replicable and promotable practice for legal support of private economic development, with plans for continued financial innovation and service ecosystem optimization [5].