According to data recently released by the State Administration of Financial Supervision and Administration, since the launch of the financing coordination mechanism for small and micro enterprises, as of the end of November, a total of 12.072 million small and micro business entities have been visited by various regions relying on the mechanism, of which 1.942 million have been included in the "declaration list" and 1.303 million have been included in the "recommendation list". The bank has added 2.2 trillion yuan in credit and issued 1.2 trillion yuan in new loans to the "recommended list" operating entities. In recent years, multiple departments have introduced various measures to support the development of small and micro enterprises, guiding banks to increase their efforts in providing inclusive financial services. This year, the State Administration for Financial Regulation and the National Development and Reform Commission took the lead in establishing a coordination mechanism to support financing for small and micro enterprises, deploying and refining measures to support financing for small and micro enterprises. Lin Cong, Deputy Director of the State Administration of Financial Supervision and Administration, pointed out that the core of this mechanism is to establish specialized work teams at the district and county levels, and build a bridge for precise docking between banks and enterprises. For example, on the enterprise side, comprehensively understanding the actual operating conditions of enterprises within the jurisdiction, providing precise assistance, and effectively solving the financing difficulties of enterprises; On the bank side, clear the bottlenecks and bottlenecks in information transmission and fund transfer. Under a series of policy guidelines, various regions have comprehensively surveyed the financing needs of enterprises, actively built platforms for bank enterprise docking, and helped banks and enterprises reduce costs and increase efficiency. In Sichuan, the Government Service Management and Administrative Approval Bureau of Xindu District, Chengdu City, has established a government bank enterprise cooperation and exchange platform to carry out various forms of cooperation with state-owned banks and other financial institutions, and has taken multiple measures to solve the financing difficulties of small and micro enterprises. In Jiangsu, banks and tax departments in Danyang City deepen the linkage of enterprise data resources, comprehensively determine credit limits, and meet the credit needs of different small and micro enterprises. After years of development, the scale of inclusive small and micro credit in China has shown a trend of improving quality and efficiency, gradually becoming an important path for financing for small and micro enterprises. The statistical report on the loan allocation of financial institutions in the third quarter of 2024 shows that loans in the inclusive finance sector have maintained rapid growth. At the end of the third quarter of 2024, the balance of RMB inclusive small and micro loans was 32.9 trillion yuan, a year-on-year increase of 14.5%, 6.4 percentage points higher than various loans, and an increase of 3.51 trillion yuan in the first three quarters. However, while there has been a slight increase in credit support, some grassroots credit personnel have shown signs of fear and refusal to lend. This is because small and micro enterprises have obvious characteristics of light assets, lack collateral, etc., and have weak risk resistance capabilities. Once the capital chain breaks, it is easy to trigger non-performing credit risks. Industry insiders believe that financial support for small and micro enterprises needs to balance promoting development and preventing risks. On the one hand, banks should proactively connect with the financing needs of small and micro enterprises and optimize credit services; On the other hand, it is necessary to create a positive atmosphere of due diligence, exemption from responsibility, and encouragement of responsibility, effectively reducing post loan risks and hidden dangers. In order to effectively promote grassroots credit personnel to dare and be willing to lend, financial regulatory departments continuously optimize the regulatory system. For example, the State Administration for Financial Regulation has issued a notice on due diligence exemption for inclusive credit, which has relaxed and reduced the burden on grassroots credit personnel; Publish the "Measures for the Supervision and Evaluation of Financial Services for Small and Micro Enterprises in Banking and Financial Institutions", establish and improve a long-term mechanism for daring to lend, willing to lend, able to lend, and able to lend, improve service quality and efficiency, and promote high-quality development of small and micro enterprises. Li Yifan, a researcher at the Bank of China Research Institute, stated that financial institutions need to clarify the details of each process of small and micro enterprise credit business, effectively coordinate with regulatory requirements, and increase policy promotion efforts to small and micro customer groups, further enhance market expectations, and ensure the smooth development of credit business. Next, banks should accelerate the cultivation of a diversified and differentiated continuing financial service system, and expand the coverage of inclusive small and micro finance. At present, Rural Commercial Bank is focusing on the effective demand of small and micro enterprises, increasing its efforts to renew loans without principal repayment, and reducing the turnover cost of enterprise funds. Urban commercial banks and state-owned large banks are also accelerating the implementation of mechanisms to support financing coordination for small and micro enterprises, carrying out the "Thousand Enterprises, Ten Thousand Households Large Visit" activity to understand enterprise production and operation, and better match credit services. Li Yifan pointed out that large and medium-sized banks should play the role of the "main force" in financial services, rely on the advantages of fund scale, digital technology, and existing customer base, innovate small and micro financial products, and meet the needs of relevant groups for "short, small, frequent, and urgent" credit funds. Small and medium-sized banks need to deepen reforms, adhere to local positioning, focus on supporting agriculture and small businesses, improve specialized small and micro financial operation mechanisms, develop distinctive and regional financial products, form differentiated competitive advantages, provide more direct to grassroots financial services with appropriate interest rates, and solve the financing difficulties of small and micro enterprises. (New Society)