What are the indirect financing support policies for SMEs?

The Party Central Committee and the State Council attach great importance to alleviating the difficulty and high cost of financing for small and medium-sized enterprises, and have deployed a series of policy measures to guide financial institutions to expand the scale of initial loans, renewal loans, credit loans, and medium and long-term loans, and increase the scale of small and medium-sized enterprises in key areas and difficult industries.
Enterprise support to promote the stable and healthy development of small and medium-sized enterprises
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1.
Inclusive policy

1.
The Inclusive Small and Micro Enterprise Loan Extension Support Tool is converted into the Inclusive Small and Micro Loan Support Tool
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Financial institutions and enterprises shall independently negotiate the repayment of loan principal and interest in accordance with the principle of marketization
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From 2022 to the end of June 2023, the People's Bank of China will provide funds according to 1% of the incremental balance of inclusive small and micro loans of local corporate banks, and operate on a quarterly basis to encourage the continuous increase of inclusive small and micro loans
.

2.
The Inclusive Small and Micro Enterprise Credit Loan Support Plan is incorporated into the re-loan management for supporting agriculture and small businesses.
The 400 billion yuan re-loan quota is used on a rolling basis, and the re-loan quota can be further increased if necessary
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Eligible local corporate banks that issue inclusive small and micro credit loans may apply to the People's Bank of China for preferential financial support for re-loans to support agriculture and small businesses
.

3.
Support financial institutions to deepen the use of big data, artificial intelligence, blockchain and other technical means, improve credit approval and risk management models, and continue to increase the scale and intensity of initial loans, renewals, credit loans, and medium and long-term loans for small and micro enterprises
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Standardize the development of supply chain inventory, warehouse receipts and order financing, encourage insurance institutions to develop supply chain insurance business, and improve the level of digitalization of supply chain finance
.

4.
From 2021 to 2023, continue to implement the policy of reducing fees, awards and subsidies for the financing guarantee business of small and micro enterprises
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The central government will reward and subsidize provinces with strong policy guidance, such as expanding the scale of financing guarantee business for small and micro enterprises and reducing the rate of financing guarantee for small and micro enterprises
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Provinces that are supported by award and subsidy funds will play the incentive role of award and subsidy funds, and promote financing guarantee institutions (including re-guarantee institutions) to expand financing guarantee business for small and micro enterprises through direct subsidies, performance incentives, etc.
according to local conditions, especially single-family loans of 10 million yuan The scale of guarantee, first loan guarantee and medium and long-term loan guarantee business scale and below will reduce the financing guarantee rate for small and micro enterprises
.
Encourage local governments to guide financing guarantee institutions to actively expand the guarantee business for innovative small and micro enterprises
.

2.
Support policies for small, medium and micro enterprises in key areas and difficult industries

1.
Promote large state-owned banks to optimize the allocation of economic capital, favor manufacturing enterprises, and promote the continued rapid growth of medium and long-term loans to the manufacturing industry
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2.
Encourage banking financial institutions to tailor-made financial service plans, create exclusive credit products, increase credit support, and optimize related services based on the needs of "specialized, refined, and new" small and medium-sized enterprises
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Development banks are encouraged to provide financial support for the technological transformation and transformation and upgrading of qualified "specialized, specialized, and innovative" small and medium-sized enterprises within their business scope
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3.
For small and micro enterprises seriously affected by the new crown pneumonia epidemic, flood disasters and rising raw material prices, strengthen working capital loan support
.

4.
Encourage financial institutions to handle the service industry market entities that meet the loan renewal conditions according to the normal loan renewal business, and shall not blindly reluctant loans, withdraw loans, cut off loans, or suppress loans, and maintain reasonable liquidity
.

5.
Guide financial institutions to strengthen information sharing with competent authorities in the catering, retail and other industries, and use data such as transaction flow of small, medium and micro enterprises and individual industrial and commercial households, leases of business premises, and credit information held by relevant departments to improve risk pricing capabilities.
More Issue credit loans
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Encourage insurance institutions to optimize products and services, expand the coverage of catering enterprises' business interruption loss insurance due to the epidemic, improve the efficiency of claims settlement, and improve the degree of protection for catering enterprises
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Encourage government financing guarantee institutions to provide financing and credit enhancement support for eligible small and medium-sized enterprises in the catering industry and retail industry, perform compensatory responsibilities in a timely manner in accordance with the law, and help enterprises affected by the epidemic to renew their policies and loans
.

6.
Increase the support for inclusive finance for small, medium and micro enterprises in the travel agencies, tourism and performing arts and other fields that meet the conditions and are expected to develop well
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Encourage banking financial institutions to provide small loan support to individual industrial and commercial households such as tourism-related start-ups, small and medium-sized enterprises, and themed homestays
.

3.
Promote the reduction of fees and profits in the financial system

Implement the downward trend of the loan market quoted interest rate (LPR) and the reduction of the re-lending interest rate to support agriculture and small businesses, push the actual loan interest rate to continue to decline on the basis of the previous substantial reduction, and urge and guide the reduction of bank account service charges, RMB transfer and remittance fees, and bank card swiping.
handling fee
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