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Resolving the financing anxiety of small and micro enterprises is also an indispensable part of helping the economy to prosper and stabilize.
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On October 15, the State Administration of Financial Supervision and the National Development and Reform Commission jointly held a mobilization and deployment video conference, requiring the establishment of a working mechanism to support the financing coordination of small and micro enterprises, and the corresponding establishment of a working mechanism at the local level to make efforts from both ends of supply and demand to solve the problems of financing difficulties for small and micro enterprises and bank lending. Last month, the State Administration of Financial Supervision issued a notice to optimize and adjust the loan renewal policy to effectively improve the quality of financial services for micro, small and medium-sized enterprises.
Capital is the lifeblood of business, and small and micro enterprises are often difficult to win the favor of banks and other financial institutions due to their small scale and weak ability to resist risks. In the current economic environment, the survival and development of small and micro enterprises are facing multiple challenges, and financing problems are often the key to unlocking a series of barriers. The joint action of the two ministries and commissions aims to effectively solve the financing problems of small and micro enterprises and provide them with more convenient and efficient financial services by optimizing the loan renewal policy and broadening financing channels.
From the perspective of expanding the scope of loan renewal to all small and micro enterprises, this means that more enterprises can enjoy this policy dividend, effectively alleviate short-term financial pressure, and avoid falling into difficulties due to the rupture of the capital chain.
"For enterprises that comply with laws and regulations, continue to operate, have good credit, and have no bad behaviors such as arrears of interest and debt evasion, when the loan is renewed, the risk classification will not be separately lowered due to the renewal", which will also help maintain the good credit record of the enterprise and further enhance its market competitiveness and financing ability. In particular, the criteria for loan renewal have been clarified, and the possible uncertainties in the process of policy implementation have been exempted, helping more enterprises to smoothly overcome the "urgent needs".
However, it must also be noted that difficult and expensive financing has always been the main pain point that plagues the development of small and medium-sized enterprises. It's just that when the economy grows faster, the profits brought by the growth alleviate the pain of capital costs, and many companies can temporarily accept the pressure. However, under the circumstance that the future recovery of many industries is still facing uncertainty, how to reduce the financing threshold and cost of enterprises should become the main focus of financial policy.
In the long run, deepening the supply-side reform of the financial market, promoting the opening and competition of the financial market, and attracting more types of financial institutions to participate in the financial services of small and medium-sized enterprises will greatly increase the choice space of small and medium-sized enterprises.
Therefore, in addition to traditional bank credit, the construction of multi-level capital market can also provide more diversified financing channels for small and medium-sized enterprises, such as the new third board, regional equity trading market, etc., are some positive and beneficial attempts. Specific to the grassroots level, you can also set up a special class for district and county work, with one hand leading enterprises and other hands holding banks, to ensure that credit funds reach small and micro enterprises directly, and truly open up the "last mile" to benefit enterprises and people.
In addition, from the perspective of financial technology, making full use of modern information technologies such as big data, blockchain, and artificial intelligence to improve the efficiency and quality of financial services, so that financial institutions can more accurately assess the credit status of small and medium-sized enterprises, which is also helpful to solve the financing difficulties of small and micro enterprises.
Small and micro enterprises are an important reservoir of employment, and because of their flexibility and mobility, they are also easier to adapt to market changes, and can quickly launch new products and services to meet the diverse needs of consumers, which can play an important role in maintaining employment stability and promoting economic transformation and upgrading. In this sense, resolving the financing anxiety of small and micro enterprises is also an indispensable part of helping the economy to prosper and stabilize.
Editor|Wang Lei
Typesetting|Gan Qiongfang
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