[Commentary] On September 7, the State Council Information Office held a regular policy briefing of the State Council to introduce the government's increase in relief assistance to small, medium and micro enterprises.

According to Pan Gongsheng, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, financing for small and micro enterprises is showing a situation of "increasing volume, expanding coverage, and falling prices".

　　[Explanation] Pan Gongsheng said that at present, the total amount of money and credit has grown reasonably, and the two direct monetary policy tools to the real economy have been effective. The support of key industries and regions has been increasing, and the financing of small and micro enterprises has shown a new situation.

　　[Concurrent] Pan Gongsheng, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange

　　The financing of small and micro enterprises presents a situation of "increasing volume, expanding coverage, and falling prices".

At the end of July, the balance of corporate loans for small, medium and micro enterprises was 72.4 trillion yuan, accounting for 65.7% of all corporate loans, of which the balance of inclusive small and micro loans was 17.8 trillion yuan, a year-on-year increase of 29.3%.

Supported 38.93 million small and micro enterprises, a year-on-year increase of 29.5%.

　　[Explanation] Pan Gongsheng said that the People’s Bank of China has established and improved the supply chain financial policy framework and infrastructure, improved the accounts receivable financing service platform, established a supply chain billing platform, and improved the efficiency of the circulation of accounts receivable for small, medium and micro enterprises. The financing convenience of micro-enterprises has been significantly improved.

　　[Concurrent] Pan Gongsheng, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange

　　In the first half of this year, the People's Bank of China's accounts receivable financing service platform facilitated a total of 20,000 financings for small, medium and micro enterprises, amounting to 629.1 billion yuan, a year-on-year increase of 40% and 10%.

The State Administration of Foreign Exchange has established a cross-border financial blockchain service platform for foreign trade companies. By the end of July, 8,343 small, medium and micro foreign trade companies served by the platform had completed financing of more than 100 billion U.S. dollars.

　　[Explanation] Liang Zhifeng, director of the Bureau of Small and Medium-sized Enterprises of the Ministry of Industry and Information Technology, introduced that the Ministry of Industry and Information Technology, as the comprehensive management department of the State Council responsible for the promotion of small and medium-sized enterprises, has taken multiple measures and coordinated efforts to support the innovative development of small and medium-sized enterprises.

　　[Concurrent] Liang Zhifeng, Director of the SME Bureau of the Ministry of Industry and Information Technology

　　At present, three batches of 4,762 "specialized, special-new" small giant enterprises have been cultivated, and more than 40,000 provincial-level "specialized, special-new" small and medium-sized enterprises have been cultivated, and more than 110,000 enterprises have been cultivated in the warehouse.

Strive to incubate 1 million innovative SMEs, cultivate 100,000 provincial-level "specialized, special-new" SMEs, and 10,000 "specialized, special-new" small giant enterprises through the "double innovation" of small and medium-sized enterprises by 2025. 1000 manufacturing individual champions.

　　[Commentary] Liang Zhifeng revealed that in the future, we will build a high-quality enterprise gradient cultivation system, further enhance enterprise innovation capabilities in response to shortcomings and weaknesses, strengthen precise service support, focus on the pain points and difficulties in the development of the enterprise, gather service resources, and give full play to the service system. Role, so that small and medium-sized enterprises have more real sense of gain.

　　Reporter Jean Baokui reports from Beijing

Editor in charge: 【Luo Pan】