CCTV News: The Ministry of Finance and six other departments issued the "Regulations on the Development of Government Financing Guarantees" on the 21st, which will come into effect on March 1.

According to the measures, government-based financing guarantee institutions should take policy-based financing guarantee business as their main business, actively support small and micro enterprises with strong employment capabilities and business entities such as the "three rural areas" and the "three rural areas" and focus on providing financing guarantee services for small and micro enterprises with a single-family guarantee amount of RMB 10 million or less and the "three rural areas" entities.

In principle, the proportion of the guarantee amount of small-scale agricultural support to agricultural support shall not be less than 80%, of which the proportion of the guarantee amount of a single household of RMB 5 million or less shall not be less than 50%.

In addition, the measures encourage local governments to improve their institutional guarantee strength through capital supplement, risk compensation, guarantee fee subsidies, etc., to better play the role of "credit increase, insurance sharing, and intermediary" financing guarantee, promote the high-quality development of the government-based financing guarantee system, and help the economy continue to recover and improve.

China Securities Regulatory Commission: Provide good support for private enterprises' stock and bond financing

Wu Qing, Chairman of the China Securities Regulatory Commission, recently stated that we must combine the actual situation of the capital market and implement various policies and measures to promote the development of the private economy.

Wu Qing emphasized that we must provide good support for the financing of private enterprises with stock and bonds, focus on serving the development of new quality productivity, implement policies such as "Eight Measures on the Science and Technology Innovation Board" and "Six Mergers and Acquisitions", improve the multi-level market system, accelerate the cultivation of patient capital, and attract more outstanding private enterprises to develop and grow with the help of the capital market.

We must actively help private enterprises solve development problems, cooperate with relevant departments to resolve the problem of arrears of accounts owed by private listed companies, coordinate the financing support of real estate enterprises and the prevention and control of bond default risks, work with relevant parties to steadily handle the delisting risks of private listed companies, improve the market-oriented restructuring mechanism, and launch more typical cases.

We must continue to promote the visits of listed companies to go deeper and more practical, respond to concerns in a timely manner, help solve practical difficulties, strive to build a friendly and clean government-business relationship, support all types of economies with ownership equally use of production factors in accordance with the law, strictly regulate administrative inspections involving enterprises, effectively protect the legitimate rights and interests of private enterprises and private entrepreneurs in accordance with the law, and further help optimize the development environment of the private economy.

Promote the healthy development of the private economy. The central bank defines the direction of financial support for private enterprises. The private economy is the new force in promoting Chinese-style modernization and an important foundation for high-quality development. The central bank held its latest meeting and stated that it will implement various policies and measures to promote the development of the private economy and strive to solve the problem of difficulty and high cost of financing for private enterprises. What are the focus of financial institutions to help the private economy and private enterprises grow? Let’s learn about it together.

The meeting required that 25 measures to support the private economy in finance will be implemented in detail, further smooth the three financing channels of stocks, bonds and loans, and increase investment in various financial resources and factors.

Wang Yifeng, deputy director of Everbright Securities Research Institute, said: "It is particularly emphasized that it is necessary to expand the scale of bond financing for private enterprises, make credit enhancement arrangements for private small and medium-sized enterprises, optimize the financial services of the industrial chain and supply chain of private enterprises, and establish a normalized bank-enterprise docking mechanism."

In this regard, many banks also stated that providing diversified financial products is a key link to help enterprises improve financing efficiency.

Chen Xin, deputy president of the Wuhan Branch of China Everbright Bank, said: "We provide first traditional credit business, including working capital loans, bills, letters of credit businesses; at the same time, we provide financing products from the capital market such as SCP (super short-term financing bonds) and public REITs in the investment banking business field."

In terms of improving the loan efficiency of private enterprises, financial institutions are also continuing to iterate. This company in Tongzhou District, Beijing is mainly engaged in the research and development and application of commercial aerospace products. In March last year, the company received a large order, but there was a funding gap in production and R&D, and the company urgently applied for a loan from the bank.

Liu Huaizhou, deputy president of the Beijing Chang'an Branch of Industrial and Commercial Bank of China, said: "We subdivided our high-end and sophisticated industries in Beijing into 36 industrial clusters, and then sent special personnel and professional teams to conduct professional research. Within three days, the customer was reviewed and issued a 10 million yuan pure credit loan for the customer."

The central bank stated that the next step is to implement moderately loose monetary policies and continue to do a good job in the "five major articles" of finance, which means that the financial vitality will flow into all areas of the real economy more abundantly.

Hu Xianwen, deputy general manager of the corporate financial business department of Industrial and Commercial Bank of China, said: "Support the development of the entire chain of the health industry, the elderly care industry, and the silver economy, improve the intelligence level of the entire process of credit, and improve the quality and efficiency of serving private enterprises."

Liu Yan, deputy governor of China Everbright Bank, said: "In 2024, our bank's private enterprise loan growth rate was 11%, higher than the growth rate of loans of the same caliber. The interest rate of private enterprises also reasonably decreased by 55 bp (basis point), and the proportion of credit loans steadily increased by 3.27 percentage points."