Notice of the Five Departments on the Implementation of "One Chain, One Policy, One Batch" Financing Promotion Action for Small, Medium and Micro Enterprises

Notice of the Ministry of Industry and Information Technology, the People's Bank of China, the State Administration of Financial Supervision and Administration, the China Securities Regulatory Commission, and the Ministry of Finance on launching the "One Chain, One Policy, One Batch" Financing Promotion Action for Small, Medium and Micro Enterprises

Ministry of Industry and Information Technology Joint Enterprise Letter [2023] No. 196

All provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning, Xinjiang Production and Construction Corps, industry and information departments, finance departments (bureaus), People's Bank of China Shanghai headquarters, branches, business management departments, provincial capital (capital) city center branches, sub-provincial city center branches, financial supervision bureaus, China Securities Regulatory Commission supervision bureaus, policy banks, large banks, joint-stock banks, export credit insurance companies, property insurance companies:

In order to implement the decision-making and deployment of the Party Central Committee and the State Council, in accordance with the "Notice on Printing and Distributing the" 14th Five-Year Plan "to promote the development of small and medium-sized enterprises (Ministry of Industry and Information Technology Joint Regulations [2021] No. 200)," About Printing and Distributing Help Small, Medium and Micro Enterprises to Stabilize Growth, Adjust Structure and Strong Ability "(Ministry of Industry and Information Technology Enterprise Letter [2023] No. 4) Work Arrangement, to promote the high-quality development of small, medium and micro enterprises, the Ministry of Industry and Information Technology, the People's Bank of China, the General Administration of Financial Supervision, the China Securities Regulatory Commission, the Ministry of Finance and other five departments organized the" one chain, one policy, one batch "small, medium and micro enterprise financing promotion action. Relevant matters are notified as follows.

1、 Overall requirements

(I) guiding ideology. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, earnestly implement the work deployment of the State Council, focus on improving the resilience and safety level of the supply chain of key industrial chains, and focus on small, medium and micro enterprises in the chain, Give full play to the decisive role of the market, enrich financial service strategies, optimize the allocation of financial resources, and promote the coordination, and promote policy, to achieve a virtuous cycle of industrial finance.

(II) action objectives. Focusing on the key industrial chain of the manufacturing industry, establish a "government-enterprise-financial institution" docking and cooperation mechanism, find out the list of small, medium and micro enterprises in the industrial chain, understand the financing needs of enterprises, and encourage financial institutions to combine the characteristics of the industrial chain, based on business expertise, "One chain One policy" provides targeted and diversified financial support measures, high-quality and efficient services to a group of small, medium and micro enterprises in the chain, and continuous improvement, increase financial support for small and medium-sized enterprises to specialize in new development.

2、 Work measures

(III) choose key industrial chains and build financing to promote ecology. The competent departments of industry and information technology in various regions implement the requirements of "forging long boards, making up short boards and strengthening foundations", and select key manufacturing industry chains in the region to participate in financing promotion actions. It is necessary to combine advanced manufacturing clusters, the cultivation of characteristic industrial clusters of small and medium-sized enterprises and the integration and innovation of large and medium-sized enterprises, the "chain" digital transformation of small and medium-sized enterprises, and the integration of industrial Internet into the "100 cities and thousands of parks" activities in the park. Relying on key enterprises such as leading enterprises in the industrial chain and specialized and new "small giant" enterprises, we will further sort out a group of high-quality small and medium and micro enterprises that play the role in the role in the industrial chain, find out the basic situation of the enterprises in the list and make a list of financing needs. Promote the establishment of a "government-enterprise-financial institution" normalized docking and cooperation mechanism, and invite various financial institutions to participate in financing promotion actions in accordance with the principle of market-oriented rule of law; financial institutions are based on voluntary autonomy, risk control, and commercial sustainability. Docking the reasonable financing needs of small, medium and micro enterprises in the chain, providing professional financial services in an orderly manner, and jointly building small, medium and micro enterprise financing to promote a good ecology.

(IV) in-depth research and visits to strengthen the collection of information related to enterprises. Local departments in charge of industry and information technology jointly with financial institutions, digital service platforms, public service institutions for small and medium-sized enterprises, public service demonstration platforms, etc., to form a special service team. Aiming at key industrial chains, go deep into parks, clusters, and enterprises, and combine basic service work to expand and carry out large-scale research and large-scale visits. Adhere to the management and service, help and development at the same time, small and medium-sized micro-enterprise financing problems "answer questions". Under the premise of voluntary, compliance and safety of enterprises, grasp the new scene and new format of digital transformation of small and medium-sized enterprises, enrich the application of information means, collect information on production and operation, scientific and technological research and development, project participation, technological transformation and other aspects of small and medium-sized enterprises in the chain in multiple ways, deeply understand the development trends of enterprises, deepen the understanding of chain-to-enterprise, and strive to alleviate the problem of information asymmetry.

(V) optimize credit service strategies and improve the quality of credit financing. Based on their understanding of enterprise information and financing needs, banking financial institutions continue to improve their evaluation criteria, actively expand financial service scenarios, optimize credit granting methods, improve service quality and efficiency, and propose targeted financing support programs to benefit a number of small, medium and micro enterprises in the chain with common characteristics. Encourage the head office of banking financial institutions to actively optimize the allocation of credit resources, reasonably adjust the approval authority, enrich credit products, refine the assessment mechanism, focus on meeting the financing needs of small and medium-sized enterprises in the chain in terms of production and operation, digital transformation, technological transformation and equipment renewal, and international market development, and expand first loans, credit loans, non-repayment loans, loans with loans and medium and long-term loans. Local industrial and information authorities do a good job in providing information and support, provide guidance and reference for financial institutions to better serve small and medium-sized enterprises in the chain, help financial institutions find key enterprises in key links, and further provide personalized services with high flexibility and rapid response, so as to ensure the stable operation of chains and enterprises.

(VI) improve the financing credit strategy and optimize the guarantee service model. Give full play to the role of the governmental financial guarantee system, and guide governmental financial guarantee institutions to strengthen their support for the financing of eligible chain small and micro enterprises. Governmental financial guarantee institutions and banking financial institutions explore the "total to total" business model, carry out bulk guarantee business cooperation for key industrial chains, reduce duplication and due diligence, improve guarantee efficiency, reasonably set guarantee rates, and increase credit for bulk financing of small and micro enterprises on the chain. The National Financing Guarantee Fund and provincial re-guarantee institutions have increased their efforts to provide re-guarantees for the financing guarantee business of small and micro enterprises on the chain, and implemented the requirements for the proportion of bank insurance. Support localities to further enrich the capital of eligible governmental financial guarantee institutions and improve the coverage of governmental financial guarantee business.

(VII) optimize the listing and cultivation strategy to help dock the capital market. Local departments in charge of industry and information technology, combined with the gradient cultivation of high-quality small and medium-sized enterprises, to map the chain of small and medium-sized enterprises listing willingness, operating conditions, etc., to establish a reserve pool of listed enterprises, to achieve batch inclusion, hierarchical management, dynamic adjustment, accurate service. Professional institutions such as the United Stock Exchange and the National Stock Transfer Corporation conduct batch "diagnosis" of warehousing enterprises, study and judge the maturity of listing and listing of enterprises, assist enterprises in identifying plate positioning, and implement "targeted" improvements. We will promote the high-quality construction of "specialized and new" boards in regional equity markets, encourage the creation of localized direct financing service bases based on regional equity markets, and strive to enhance the service capacity of specialized boards. Actively promote the cultivation of a number of small, medium and micro enterprises in the chain, help enterprises correctly understand the capital market, standardize financial operations as soon as possible, and improve corporate governance. We will promote the participation of securities companies, accounting firms, law firms and other intermediary service institutions in the cultivation of listing, provide differentiated services according to the development stage of enterprises, and assist small and medium-sized enterprises to better connect with the multi-level capital market.

(VIII) improve the equity investment strategy and stimulate new enterprises. Local departments in charge of industry and information technology combine activities such as the "Maker China" SME Innovation and Entrepreneurship Competition, the China Advanced Technology Transformation and Application Competition, the "Hundred and Ten Thousand Enterprises" large and medium-sized enterprises integration and docking, and the promotion of the "unveiling" of the characteristic industrial chain. Special actions such as digital empowerment, scientific and technological achievements empowerment, and quality standard brand assignment for small and medium-sized enterprises are aimed at the upstream and downstream segments and downstream of key industrial chains and scene, select a group of innovative, technological and potential small, medium and micro enterprises, and organize investment and financing docking activities on a regular basis by chain and industry. Encourage private equity, venture capital funds, etc. to combine their own expertise to participate in docking activities, accelerate the cultivation of investment industry thinking, improve industrial investment strategies, focus on the chain of small and medium-sized enterprises in science and technology research and development, achievement transformation, financing innovation, collaborative research and other financing support, to stimulate the emergence of a number of specialized new small and medium-sized enterprises. The National Small and Medium-sized Enterprise Development Fund and other types of government investment funds play a guiding role, driving social capital to increase the "investment early investment small investment innovation" efforts, focusing on supporting small and medium-sized enterprises in the chain, strong support for the industrial chain strong chain to complement the chain stability chain.

(IX) rich integrated service strategies to support diversified financing needs. Mobilize the enthusiasm of various financial institutions and encourage qualified financial institutions to match the diversified financing needs of small, medium and micro enterprises in the chain with diversified financial services. Standardize the development of supply chain finance, encourage banking financial institutions to increase credit support for small and medium-sized enterprises in the upstream of the industrial chain through accounts receivable, bills, order financing, etc., and provide credit support for small and medium-sized enterprises in the downstream of the industrial chain to obtain goods and pay for goods by issuing bank acceptance bills, domestic letters of credit, and advance payment financing, and standardize the development of movable property and rights pledge financing. Continue to promote the first (set) of major technical equipment, key new materials, the first batch of the application of insurance compensation mechanism pilot policy. Optimize foreign exchange settlement services and related credit management to provide suitable foreign exchange hedging products for small, medium and micro enterprises. We will give full play to the role of export credit insurance, further optimize the conditions for underwriting and claims settlement, and expand the coverage and scale of underwriting for small, medium and micro enterprises. Financial leasing companies enrich their business models and support small and medium-sized enterprises in allocating fixed assets and upgrading production equipment. Based on futures and derivatives, futures companies strengthen enterprise risk management, inventory management and other services to help small and medium-sized enterprises smooth profit fluctuations and stabilize production and operation.

3、 Guarantee measures

(X) strengthen the organization and coordination of security. Local departments in charge of industry and information technology, branches of the people's Bank of China, agencies dispatched by the General Administration of Financial Supervision, securities regulatory agencies, and financial departments should fully understand the importance of promoting the financing of small and medium-sized enterprises in the chain and supporting the professional and special development of enterprises, strengthen coordination and linkage, maintain daily communication, study problems in a timely manner, and strengthen business guidance. It is possible to formulate detailed plans based on the actual conditions of the region, and to carry out flexible and diversified actions with the goal of "achieving practical results.

(11) Strengthen policy coordination and guarantee. At the national level, deepen docking and cooperation between the industrial sector, the financial sector and the financial sector, strengthen policy coordination and business linkage, identify problems in a timely manner, and jointly promote solutions. Make good use of the long-term funds released by the reduction of reserve requirements, as well as structural monetary policy tools such as small refinancing, rediscounting and universal micro-loan support tools, to guide and drive steady growth in credit investment. Encourage localities to match support policies such as loan-related awards for small, medium and micro enterprises, risk compensation, and incentives for stock reform and listing with financing promotion actions, and work together to support the development of small, medium and micro enterprises. Encourage qualified financial institutions to deepen the financing of small and medium-sized enterprises in the chain, and enhance the ability of specialized and characteristic services.

(12) Do a good job in training service guarantee. The financing training service is regarded as an important part of the service action of "benefiting enterprises together" for small and medium-sized enterprises. We will do a good job in popularizing financial knowledge and education for small, medium and micro enterprises, expand the coverage of services to enterprises, and promote the refinement of training for enterprises. Help small, medium and micro enterprises understand financing support policies, familiarize themselves with financial service products, and cultivate awareness of credit risk management. We will enrich the training methods and contents, adopt centralized training, online classes, financing salons, and send classes to the door to meet the common needs of small and medium-sized enterprises in the same industrial chain, provide training contents such as financing planning, credit general knowledge, financial leasing, futures and foreign exchange, share reform promotion, equity investment introduction, listing guidance, etc., strengthen the exchange of financing experience, and enhance the comprehensive financing capacity of small and medium-sized enterprises. Expand training targets, carry out industrial policy training for financial institutions, and enhance the ability of financial institutions to serve the industry.

Local departments in charge of industry and information technology, branches of the people's Bank of China, agencies dispatched by the General Administration of Financial Supervision, securities regulators and financial departments should strengthen the tracking and analysis of financing promotion actions, summarize and promote typical experiences, and report major problems in a timely manner. Before the end of the year, the provincial industry and information authorities will report the development of financing promotion actions to the Ministry of Industry and Information Technology (SME Bureau), and the Ministry of Industry and Information Technology will promptly report the work development to the People's Bank of China, the State Administration of Financial Supervision, and the China The Securities Regulatory Commission and the Ministry of Finance jointly promote the deepening of the financing promotion of small, medium and micro enterprises.

Ministry of Industry and Information Technology

People's Bank of China

State Administration of Financial Supervision and Administration

China Securities Regulatory Commission

Ministry of Finance

22 July 2023