On July 11, the CBRC issued the notice on further promoting the high-quality development of financial services manufacturing industry, which requires banking institutions to expand the scale of medium and long-term loans and credit loans in the manufacturing industry, focus on supporting high-tech manufacturing and strategic emerging industries, promote the development of advanced manufacturing clusters, and improve the independent innovation ability of manufacturing enterprises. We will optimize foreign trade financial services in the manufacturing industry and support manufacturing enterprises such as automobiles and household appliances to "go global". The notice points out that banking institutions should develop financial products that meet the characteristics and needs of manufacturing enterprises at the development stage, reasonably determine the financing period and loan interest rate, and provide differentiated and comprehensive financial services for manufacturing enterprises on the premise of legal compliance and controllable risks. At the same time, banking institutions should focus on the weak links in the development of manufacturing industry, make full use of the existing financial support policies, actively help enterprises with good credit in the early stage and temporarily trapped due to the epidemic, and avoid blindly withdrawing, cutting off and suppressing loans. We will continue to extend the repayment of principal and interest to small, medium-sized and micro enterprises in the manufacturing industry in accordance with the principle of marketization. In principle, the date of deferred repayment of principal and interest will not exceed the end of 2022. For the inclusive small and micro enterprise loans that expire before the end of 2022 in the manufacturing industry seriously affected by the epidemic, we will give preference according to the actual situation and appropriately relax the extension period. Dongximiao, chief researcher of Zhaolian finance, pointed out that there is still much room for improvement in the current financial support for the manufacturing industry, such as underdeveloped direct financing, and less financing through the capital market by advanced manufacturing enterprises and small and medium-sized enterprises. In this regard, dongximiao suggested that, on the one hand, we should vigorously develop the capital market and increase the proportion of direct financing. On the other hand, we should further optimize the allocation of financial resources, strengthen financial support for advanced manufacturing, high-tech manufacturing and strategic emerging industries, especially vigorously support the financing needs of manufacturing enterprises in the development of new technologies, new materials, new equipment and new products, and improve the service to scientific and technological innovation enterprises with core technologies and strong growth. (Xinhua News Agency)