Since the beginning of this year, the Chongqing Business Management Department of the people's Bank of China has guided the financial institutions under its jurisdiction to further improve the financing coverage, accessibility and convenience of private small, medium and micro enterprises and individual industrial and commercial households, helping enterprises to solve difficulties. The picture shows the staff (second from the left) of the financial service harbor of Nanan danzishi sub branch of Chongqing Rural Commercial Bank introducing the policies and products related to inclusive financial loans to customers. Photo by Huang Wei, a reporter of Xinhua news agency, since the beginning of this year, the financial support for the real economy has been continuously strengthened, and private enterprises have obtained more "living water" of credit. The China Banking and Insurance Regulatory Commission recently released data showing that more than half of the new enterprise loans issued in the first half of this year were invested in private enterprises. The CBRC said that in the next step, it will continue to guide financial institutions to increase loans to the real economy, grasp the implementation of various financial support policies and measures, and guide banking and insurance institutions to further improve the system and mechanism for serving private enterprises. In the first half of this year, loans from banking financial institutions to private enterprises increased steadily. By the end of June, the loan balance of banking financial institutions and private enterprises was 58.2 trillion yuan, an increase of 11.4% year on year; The number of private enterprises with loan balance was 83.47 million, with a year-on-year increase of 11.4%. He Guofeng, deputy director of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, introduced that in the new enterprise loans issued in the first half of this year, the proportion of private enterprise loans was 53.5%, up 0.8 percentage points year on year. This reflects that the construction of the long-term loan mechanism of "dare to lend, willing to lend and able to lend" by private enterprises has made positive progress, the financing coverage has been steadily expanded, and the service quality and efficiency have been significantly improved. The financing cost has steadily decreased. In the first half of this year, the annualized interest rate of new loans to private enterprises was 4.74%, a year-on-year decrease of 0.57 percentage points. At the same time, many banks have specially allocated low-cost funds for private enterprises to promote the appropriate reduction of loan interest rates. The availability of financing continued to improve. He Guofeng introduced that since the beginning of this year, a large number of private small and micro enterprises have obtained online financing, and more credit loans have been issued to private enterprises. At present, the balance of credit loans of private enterprises has reached 9.8 trillion yuan, a year-on-year increase of 28.7%. We will continue to implement the policy of deferring the repayment of principal and interest. Since the beginning of this year, the CBRC has taken various measures to promote the banking and insurance industries to do a good job in financial services for private enterprises, especially to increase financial support for private enterprises temporarily affected by the epidemic. We will implement the policy of deferring repayment of principal and interest. The China Banking and Insurance Regulatory Commission requires commercial banks and other financial institutions to negotiate with small, medium and micro enterprises, individual industrial and commercial households, truck drivers, etc. on their own according to the principle of marketization, so as to delay the repayment of principal and interest on their loans, and strive to delay the repayment of principal and interest as much as possible. In principle, the date of deferred repayment of principal and interest shall not exceed the end of 2022. In the first half of the year, banking financial institutions handled deferred repayment of principal and interest for 1.496 million small, medium and micro enterprises, individual industrial and commercial households and truck drivers, with a total amount of 3.33 trillion yuan. Promotion gold