To support small and medium-sized enterprises, the state has made practical moves.
The executive meeting of the State Council held recently deployed further market-based measures to strengthen financial support for small, medium and micro enterprises. It was decided to convert inclusive small and micro enterprise loan deferred debt service support tools into inclusive small and micro loan support tools. Small and micro credit loans are included in the management of the re-loan support plan for supporting agriculture and small businesses, and a nationwide integrated financing credit service platform network has been constructed to improve the performance assessment and due diligence exemption regulations for financial institutions in issuing small, medium and micro loans.
The promulgation of this policy not only gave small and micro enterprises a "reassurance", and allowed the extension of the deferred principal and interest payment policy for inclusive small and micro enterprise loans that were due to expire at the end of this year, and maintained policy continuity and stability; It also injects a boost to small and micro enterprises in difficulty, and through measures such as incorporating inclusive small and micro credit loans into the management of the re-loan support plan for supporting agriculture and supporting small and micro enterprises, and supporting financial institutions to issue special financial bonds for small and micro enterprises, the effect of the policy is further amplified and the small and micro enterprises are promoted. Micro-enterprise financing realized volume increase, price drop, and coverage expansion, and made every effort to help small and micro enterprises tide over difficulties and get out of difficulties.
Small, medium and micro enterprises and individual industrial and commercial households are an important part of market entities, and they play an important role in developing the economy, expanding employment, activating the market, and improving people's livelihood.
In our country, small businesses play a big role. The value of the final products and services created by SMEs is equivalent to about 60% of GDP, providing nearly 80% of urban jobs; small businesses have great vitality, and SMEs have created more than 75% Enterprise technological innovation is the most dynamic enterprise group and an important carrier to promote innovation and entrepreneurship; small businesses are of great significance. The development of small and medium-sized enterprises not only affects the current economic development, but also affects the goals of employment and residents’ income. Realization is related to the success or failure of high-quality development.
Among the more than 150 million market entities in China, small, medium and micro enterprises and individual industrial and commercial households account for more than 80%. The large number and wide range of small, medium and micro enterprises are China’s economic resilience and potential. Stabilizing SMEs is stabilizing the economy. "Half of the country" has stabilized employment and people's livelihood.
During the prevention and control of the new crown pneumonia epidemic, the Party Central Committee clearly stated that it is necessary to do a solid job in the "six stability" and fully implement the "six guarantees" tasks. All regions and departments have introduced a series of policies and measures to protect and support small, medium and micro enterprises.
A series of policy "combination punches" relieved the burden of enterprises and effectively improved the living conditions of small and medium-sized enterprises.
However, it must be noted that at present, my country’s economic development is facing the triple pressure of demand contraction, supply shock, and expected weakening. The difficulties faced by small, medium and micro enterprises and individual industrial and commercial households are still very great. Innovate financial policy tools, increase policy support, and continue to do a good job of supporting small, medium and micro enterprises.
To do a good job in supporting small businesses, we must strive to improve policy accuracy.
Small, medium and micro enterprises often face more severe financing difficulties and expensive financing issues.
To solve the financing problem of small, medium and micro enterprises, it is not enough to rely on increasing the amount of credit. It is also necessary to optimize the credit structure, improve the directness of monetary policy, and allocate more credit resources to the key links of the development of small, medium and micro enterprises.
Since 2020, my country has created monetary policy tools that directly reach the real economy, continues to accelerate the development of inclusive finance, and provides effective and precise support for small and micro enterprises.
In the future, we must continue to improve the directness of financial policies, especially focusing on solving the problem of "first loan difficulties" in a large number of small, medium and micro enterprises, so that the financial blood can reach more economic capillaries.
To do a good job of supporting small businesses in the "big article", more market-oriented methods must be used.
To support the development of small, medium and micro enterprises, it is necessary to adhere to the principle of survival of the fittest in a market economy, rely on existing financing mechanisms to ensure that funds are allocated to industries and enterprises that have real prospects for development, and to prevent possible financial risks.
The various measures deployed at the executive meeting of the State Council have always adhered to a market-oriented approach. The legal person bank determines the direction of loan and is responsible for the loan risk. The government is responsible for establishing an effective reward and punishment mechanism to guide financial institutions to increase support for small, medium and micro enterprises.
Persist in making the market play a decisive role in the allocation of resources, and better give full play to the role of the government. Such support measures will be more effective than doing things with half the effort.
"my country's small and medium-sized enterprises have the aura and vitality, are good at facing up to difficulties, and are constantly striving to improve themselves. With the support of the party, the government and all sectors of society, they will surely be able to tide over the difficulties and usher in better development."
When we see the difficulties and challenges ahead, we must also see that many small, medium and micro enterprises are overcoming difficulties and breaking through adversity.
As long as there is more support and care, more practical and hard moves, the vast number of small, medium and micro enterprises will surely be able to ride through the wind and rain, radiate new vitality, and provide inexhaustible impetus for the high-quality development of China's economy.
(Wu Qiuyu)