SHENZHEN will further bolster its small and micro enterprises with financial measures to help them secure first-time loans, Shenzhen Special Zone Daily reported. Measures will be taken to ensure that the number of small and micro enterprises obtaining their first-time loans will increase significantly between 2021 and 2023, according to the work plan jointly issued by the People’s Bank of China Shenzhen Central Sub-branch, Shenzhen Office of the China Banking and Insurance Regulatory Commission and local government agencies. The work plan’s long-term goal is to explore and build a long-lasting mechanism with business sustainability, cost acceptability and controllable risks for helping small and micro enterprises get their first-time loans, and effectively improve the quality and efficiency of financial services. Specific measures will be launched to improve the success rate of small and micro enterprises’ first-time loans and help them standardize financial governance and corporate governance. Meanwhile, efforts will be made to guide banks to formulate targeted financial service plans for first-time loan borrowers and further improve the financing risk pooling for banks. Statistics showed that Shenzhen banks had issued inclusive loans for small and micro enterprises to 58,900 first-time loan borrowers in the first half of the year, with the amount reaching 61.48 billion yuan (US$9.48 billion). (Zhang Yu) |