Financial Supervision Bureau: Increase loan support for eligible small and micro enterprises
2024-08-21
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[The State Financial Regulatory Bureau: Continue to urge banking financial institutions to strengthen the development of loan renewal products and increase loan renewal support for eligible small and micro enterprises] Cailianshe reported on August 21 that the State Financial Regulatory Bureau today publicly responded to the 1352nd suggestion of the Second Session of the 14th National People's Congress. The State Financial Regulatory Bureau pointed out that it attaches great importance to the issue of capital continuation for small, medium and micro enterprises. While requiring banks to operate prudently and in a standardized manner and manage risks well, in order to shorten the loan turnover time and reduce the cost of "bridge" funds, it has introduced a normalized incentive policy for loan renewal for small and micro enterprises. As of the end of May 2024, the balance of interest-free loan renewals for small and micro enterprises was 5.6 trillion yuan, a year-on-year increase of 25.6%. In the next step, the State Financial Regulatory Bureau will continue to urge banking financial institutions to implement the regulatory policy for loan renewals for small and micro enterprises, strengthen the development of loan renewal products, and increase loan renewal support for eligible small and micro enterprises. (Cailianshe reporter Peng Kefeng)
