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the policy on loan renewal without repayment of principal has been optimized, and support for loan renewal for small and micro enterprises has been further increased.

on september 24, li yunze, director of the state financial regulatory administration, stated at a press conference held by the state information office that the "renewal of loans without repayment of principal" policy is very popular among small and micro enterprises, and the renewal policy will be further optimized in three aspects.

first, the scope of loan renewal will be expanded from some small and micro enterprises to all small and micro enterprises. small and micro enterprises that have real financing needs after the loan expires and are in financial difficulties can apply for loan renewal support if they meet the conditions; second, the loan renewal policy will be expanded to medium-sized enterprises in stages, with a term tentatively set at three years. that is to say, working capital loans of medium-sized enterprises that expire before september 30, 2027 can refer to the loan renewal policy for small and micro enterprises; third, the risk classification standards will be adjusted to renew the loans of enterprises that are compliant with the law, continue to operate, and have good credit, and the risk classification will not be lowered separately due to loan renewal.

that evening, the state financial supervision and administration bureau issued the notice on doing a good job in renewing loans and improving the financial services level for small and micro enterprises (hereinafter referred to as the notice), which improves the financial services level for small and micro enterprises from seven aspects. it further optimizes the "no. 36 document" (also known as "renewing loans without repayment of principal") issued by the former china banking regulatory commission in 2014.

according to an interview with caixin, this loan renewal policy can be understood as a special case of "borrowing new to repay old". the special point is that according to the financial asset classification method, the enterprise risk classification after "borrowing new to repay old" must at least be placed in the "special attention" category of loans. however, for qualified and relatively excellent enterprises, it can still be classified as a normal loan. this is also the difference between loan renewal and "borrowing new to repay old".