The State Council issued a document to make arrangements for better coordinating the construction of a financing credit service platform——
Improve the level of financing convenience for small, medium and micro enterprises (Rui Finance)
Reporter Xu Peiyu
"People's Daily Overseas Edition" (Page 03, April 8, 2024)
The key to alleviating the difficulty and high cost of financing for small, medium and micro enterprises is to allow credit information to flow and increase the credit of small, medium and micro enterprises. Recently, the General Office of the State Council issued the "Implementation Plan for Coordinating the Construction of a Financing Credit Service Platform to Improve the Financing Facilitation Level of Small, Medium and Micro Enterprises" (hereinafter referred to as the "Implementation Plan"), proposing a series of measures to promote the construction of a better coordinated financing credit service platform and improve the use of credit information. An inclusive financing service system based on
Solve the problem of information asymmetry
The financing credit service platform is a comprehensive platform established under the guidance of government departments that collects credit information across departments and fields and provides credit information services for financial institutions to carry out corporate financing activities. It is used to solve the problem of bank-enterprise information asymmetry and reduce corporate financing costs. play an important role.
It is understood that my country has now formed a "one center, multiple sources" financing credit information sharing service system. Among them, one center refers to the Credit Information Center of the People's Bank of China, which provides financial credit information services; multiple sources refer to the National Public Credit Information Center, local credit information platforms, market-oriented credit information agencies, etc. Data from the National Development and Reform Commission show that as of the end of 2023, banking institutions had issued a total of 23.4 trillion yuan in loans through the national integrated financing credit service platform network, including 5.3 trillion yuan in credit loans.
On January 2 this year, the national financing credit service platform established by the National Development and Reform Commission was officially launched. The platform can realize the docking of financing needs and intelligently match the needs of business entities with banking institutions and financing products, thereby achieving efficient docking of banks and enterprises and alleviating the problem of information asymmetry between banks and enterprises.
Experts believe that the financing credit information sharing service system is gradually improving, but due to factors such as information asymmetry between banks and enterprises, problems such as low availability of loans for small, medium and micro enterprises and a low proportion of credit loans still exist.
Focusing on the construction of the financing credit service platform, the recently held executive meeting of the State Council clearly stated that based on the positioning of important financial infrastructure, the unified planning, optimization integration and information sharing of the financing credit service platform should be strengthened, and it should be well integrated with the existing credit reporting system. connection. It is necessary to take the advancement of platform construction as an opportunity to accelerate the improvement of basic systems such as data ownership, security, and transactions, and to consolidate the institutional foundation for data development, openness, circulation and use.
Improve safeguard measures from multiple parties
The issuance of the "Implementation Plan" will help further break down barriers to cross-department, cross-region, and cross-level data sharing, and solve the problem of "dare not to lend, cannot lend, or are unwilling to lend" in financial services for small, medium and micro financial institutions.
Specifically, the "Implementation Plan" proposes to increase the coordination of platform construction. The first is to clarify the channels for the collection and sharing of credit information. Strengthen the "general hub" function of the national credit information sharing platform for the collection and sharing of credit information. Improve the national integrated financing credit service platform network as the "only outlet" to provide centralized public credit information services to financial institutions. The second is to strengthen the integration and unified management of local platforms. To integrate local financing credit service platforms with duplicate functions or inefficient operations, in principle, only one provincial platform will be retained in a province, and no more than one platform will be established by cities and counties. The third is to strengthen guidance on the construction of local platforms. Unify the standards for local financing credit service platforms to connect to the national integrated platform network and promote the standardized and healthy development of local platforms.
In terms of safeguard measures, the "Implementation Plan" proposes to strengthen information security and the protection of the rights and interests of information subjects. Strengthen information security management of financing credit service platforms to effectively ensure the security of physical collection information. Financing credit service platforms at all levels must strengthen the standardized management of information authorization, improve security risk monitoring and early warning handling capabilities, and effectively ensure data security. In addition, local people's governments should provide appropriate support to the construction of financing credit service platforms at the same level, guide local platforms and financing guarantee institutions to strengthen cooperation, and improve the level of financing convenience for small, medium and micro enterprises. Encourage local governments to formulate incentive policies to support credit financing, and provide appropriate incentives to financial institutions that help small, medium and micro enterprises achieve financing through financing credit service platforms.
Improve platform service functions
It is particularly important to improve the financing convenience of small, medium and micro enterprises and break down information barriers. How to make credit information flow better?
Optimize the information collection and sharing mechanism. The "Implementation Plan" proposes that, first, clarify the scope of credit information collection and sharing. Incorporate the company’s main personnel information, various qualification information, import and export information, etc. into the credit information collection and sharing list. Give full play to the role of local financing credit service platforms and increase the collection and sharing of credit information outside the list in accordance with laws and regulations. The second is to improve the quality and efficiency of credit information sharing. For credit information that has been centrally managed by relevant national departments, it is necessary to increase the intensity of "head-to-head" sharing. Strengthen collaborative management of data quality to ensure data authenticity, accuracy, and completeness.
Deepen the development and utilization of credit data. The "Implementation Plan" proposes to carry out pilot projects of "Xinyidai" special products according to local conditions. Strengthen the application of comprehensive public credit evaluation results, encourage local financing credit service platforms to develop strategic emerging industries, future industries, green and low-carbon development, key industry chain supply chains, "agriculture, rural areas and farmers" and other characteristic functional modules, and support financial institutions to make good use of distinctive features Credit information, market-oriented financial products and services need to be launched in subdivided areas. Accelerate the construction of the rural credit system, support financial institutions in developing financial products and services exclusive to farmers and new agricultural business entities, and appropriately increase the proportion of credit loans.
The "Implementation Plan" also proposes to expand and improve platform service functions. Encourage local governments to establish and improve the "policy recruitment" mechanism, give full play to the advantages of local financing credit service platforms in connecting enterprises and financial institutions, and promote various financial convenience and enterprise-friendly policies to directly reach small, medium and micro enterprises and other business entities through the platform. Promote financing guarantee institutions to settle on the financing credit service platform, rely on the platform to establish multi-party cooperation mechanisms such as banking institutions, governments, financing guarantee institutions, etc., and rationally simplify financing guarantee-related procedures.