[HIGHLIGHTS] Various parties have improved safeguard measures to improve the financing convenience of small, medium and micro enterprises.

State Council issued a document to make arrangements for better coordinating the construction of a financing credit service platform. Key to alleviating 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.

Experts believe that the financing credit information sharing service system is gradually improving, but low availability of loans and low proportion of credit loans still exist. 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.