Premier Li Keqiang chaired an executive meeting of the State Council on December 15 to deploy further market-oriented ways to strengthen financial support for small, medium-sized and micro enterprises; Determine policies and measures to increase support for the manufacturing industry and promote the stable development of the real economy. The meeting pointed out that to implement the spirit of the central economic work conference, we should adhere to economic construction as the center, adhere to the principle of stability, seek progress while maintaining stability, and do a good job in the work of "six stabilities" and "six guarantees". At present, small, medium-sized and micro enterprises and individual industrial and commercial households are facing great difficulties. We should focus on protecting the main body of the market and coping with the new downward pressure of the economy, and use market-oriented methods to increase financial support for small, medium-sized and micro enterprises and individual industrial and commercial households. The meeting decided that the first is to convert the support tool for deferred repayment of principal and interest of Pratt & Whitney small and micro enterprise loans into the support tool for Pratt & Whitney small and micro loans. From 2022 to the end of June 2023, the people's Bank of China will provide funds at 1% of the balance increment for inclusive small and micro enterprises and individual industrial and commercial households granted by local corporate banks to encourage the increase of inclusive small and micro loans. Second, from 2022, inclusive small and micro credit loans will be included in the management of small re loan support plan for agricultural support. The 400 billion yuan re loan line originally used to support inclusive small and micro credit loans can be used on a rolling basis, and the re loan line can be further increased if necessary. Eligible local legal person banks that issue inclusive small and micro credit loans may apply to the people's Bank of China for preferential financial support for refinancing. Third, build a national integrated financing and credit service platform network, promote the information sharing of market subjects such as registration, administrative punishment and tax payment on the premise of ensuring information security in accordance with laws and regulations, and help banks improve their ability to serve small, medium-sized and micro enterprises. Fourth, improve the provisions on performance evaluation, due diligence and exemption of small, medium and micro loans issued by financial institutions. Expand the scale of government financing guarantee business for small and micro enterprises. The meeting pointed out that manufacturing industry is an important foundation and support for economic development. We should increase support for the relief and development of manufacturing enterprises, and solidly promote the manufacturing industry from medium and low-end to medium and high-end. First, the implementation of the policy of tax reduction and fee reduction should be inclined to the manufacturing industry, strengthen policies such as the addition and deduction of R & D expenses and the retention and rebate of value-added tax, and support the scientific and technological innovation of enterprises and the transformation and upgrading of traditional industries. Expand the scale of medium and long-term loans and credit loans in the manufacturing industry. Second, deepen the reform of "release, management and service" in the manufacturing industry, implement the list management of enterprise related business licensing matters, and stimulate the vitality of manufacturing enterprises. Third, develop advanced manufacturing industry and accelerate the digital transformation of manufacturing industry. Promote the deep integration of advanced manufacturing and modern service industries. Fourth, encourage large enterprises to drive more small and medium-sized enterprises to integrate into the supply chain innovation chain, and support the growth of more "specialized, special and new" and "little giant" enterprises. Fifth, deepen and expand international cooperation and support foreign-funded enterprises to increase investment in medium and high-end manufacturing and R & D centers. Wang Yifeng, chief banking analyst of Everbright Bank, said that further adopting a market-oriented approach to strengthen financial support for small, medium-sized and micro enterprises is to achieve targeted support for inclusive small and micro enterprises through structural monetary policy tools. The implementation of Pratt & Whitney small and micro loan support tools and the provision of low-cost financial support to local corporate banks will help alleviate the debt cost pressure and liquidity pressure of local corporate banks, and continue to promote the "volume increase, price decrease, area expansion and quality improvement" of Pratt & Whitney small and micro enterprise loans. Liu Xiangdong, Vice Minister of Economic Research Department of China Center for international economic exchanges, said that at present, the manufacturing industry of small and medium-sized enterprises is facing the dual pressure of high upstream costs and slow downstream consumption, and needs to provide stronger policy support. In addition, we should not only encourage the manufacturing industry to accelerate the digital transformation, but also promote large enterprises to drive more small and medium-sized enterprises to strengthen and supplement the chain, so as to improve the competitiveness of the supply chain. (outlook new era)