The small and micro market has a wide range of subjects, which is the embodiment of economic vitality and the main force driving employment.
Further strengthen policy coordination, so that the "living water" of funds can continuously nourish market players and stabilize the economic market
According to the latest "China Monetary Policy Implementation Report (Q4 2021)" released by the central bank, as of the end of 2021, the balance of inclusive small and micro loans was 19.2 trillion yuan, a year-on-year increase of 27.3%; 44.56 million small and micro business entities were supported, a year-on-year increase of 27.3%. An increase of 38%, the weighted average interest rate of loans decreased by 0.22 percentage points compared with the previous year, and the financing of small and micro enterprises continued to show the trend of "increasing volume, expanding coverage and decreasing prices".
At the same time, the balance of agriculture-related loans was 43.21 trillion yuan, a year-on-year increase of 10.9%.
These data show that the effect of financial support for small farmers has continued to show.
The small and micro market has a wide range of subjects, which is the embodiment of economic vitality and the main force driving employment.
New types of agricultural business entities such as family farms and farmers' cooperatives are an important force for stabilizing the fundamentals of agriculture and maintaining the foundation of "agriculture, rural areas and farmers".
However, due to the lack of available collateral and the weak ability to resist market risks, small and micro enterprises and new agricultural business entities have generally faced difficulties and expensive loans in the past.
It is gratifying that in recent years, fiscal policy and monetary policy have strengthened coordination and linkage, anchoring the shortcomings and weaknesses of financial services.
The financial department actively uses loan discounts, financing guarantees, incentives and subsidies to guide the flow of more financial resources to small and micro enterprises and “agriculture, rural areas and farmers”, and sends “red envelopes” to the “front-line” as soon as possible through the direct mechanism of financial funds; the central bank Launched two monetary policy tools that directly reach the real economy, financial institutions innovated products and services, improved incentive mechanisms, and opened up the "last mile" of financial support for the real economy.
Fiscal and monetary policies have joined forces, the government and institutions have been innovating simultaneously, and the financial sector has achieved remarkable results.
At present, my country's economic development is facing the triple pressure of demand contraction, supply shock, and weakening expectations. It is necessary to further strengthen policy coordination, so that the "living water" of funds can continuously nourish market players and stabilize the economic market.
To strengthen coordination, we must continue to improve the precision of policy linkage.
On the one hand, do a good job of "precise drip irrigation", pay close attention to the needs of market players, especially small and medium-sized enterprises and individual industrial and commercial households, and do a "addition and subtraction method" to increase momentum and reduce burdens, so as to help market players climb the slopes and seize opportunities.
At the same time, it is necessary to do a good job of "rhythm management" of policies, look after each other, and prevent each other from offsetting or weakening the effect of policies.
For example, the financial department should improve the foresight and accuracy of budget preparation, strictly implement the budget expenditure plan during the implementation process, and at the same time improve the transparency of fiscal means to stabilize the expectations of the financial market and the expectations of market players.
Strengthening coordination requires close coordination and efficient linkage between fiscal and monetary policies and employment, industry, investment and other policies to form an integrated effect.
It is necessary to highlight the structural requirements for high-quality development, and promote the accelerated development of fields and industries with a "multiplier" driving effect.
For example, we will strengthen support for innovative development and green development by means of fiscal, taxation and credit means, make greater efforts to promote small and medium-sized enterprises to enhance their professional advantages, and cultivate specialized, special and new "little giant" enterprises and single champion enterprises in manufacturing.
Inclusive credit policies should also adhere to the principle of survival of the fittest in the market economy, and allocate funds to industries and enterprises with real development prospects.
To strengthen coordination, it is necessary to improve the policy performance appraisal mechanism.
The Central Economic Work Conference requires that "the overall planning and coordination must be strengthened and the system concept must be adhered to."
A policy depends not only on the achievements of the individual soldiers' sudden advance, but also on the results of "taking into account both the left and the right."
For example, taking the opportunity of the integration of budget management in the financial system, with the help of the full life cycle management mechanism with the project as the source, the data connection and real-time aggregation of the financial system and the banking, taxation, statistics and other systems will be strengthened. The whole process of the project is tracked, effected, and held accountable to continuously improve the effectiveness of relevant policies.
To strengthen coordination, it is necessary to improve the sharing of information and other resources.
At present, new technologies such as blockchain, cloud computing, and artificial intelligence are becoming more and more mature, providing a variety of solutions for improving corporate credit systems and eliminating loan difficulties caused by information asymmetry.
In the future, we should further deepen the cooperation between the People's Bank of China Credit Information Center, market supervision, environmental protection, judicial, customs and other departments, integrate non-financial information such as enterprise registration, production and operation, tax payment, environmental protection legal affairs, etc. information transparency, establish an online comprehensive financial service platform, and provide strong technical support for solving the loan difficulties of various new market entities.