Finance Committee Of The State Council: As Soon As Possible, Study And Introduce Relevant Measures To Further Alleviate The Financing Difficulties Of Smes.

In January 7th, the financial stability and Development Committee of the State Council (hereinafter referred to as the Finance Committee) held the fourteenth meeting to study the problem of financing small and medium enterprises to raise funds and to deploy relevant work. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council and director of the Finance Committee.

The meeting pointed out that SMEs play an important role in building a modern economic system and promoting the development of high quality economy. They play an important role in supporting employment, stabilizing growth and improving people's livelihood. We must adhere to the "two unswervingly", fully understand the importance of financial support for the development of small and medium-sized enterprises, continue to increase support, and effectively alleviate the financing problem.

The meeting called for an early study to introduce measures to further alleviate the financing difficulties of SMEs. We should focus on dredging the transmission mechanism of monetary policy, comprehensively using a variety of monetary and credit policy tools, implementing differentiated regulatory arrangements, and improving the evaluation mechanism, so as to form effective incentives for financial institutions to fulfill the main responsibilities of SMEs' financial services. We should deepen the structural reform of the financial supply side and improve the modern financial system with a high degree of adaptability, competitiveness and universality. It is necessary to supplement the capital of small and medium-sized banks through multiple channels and promote the ability to raise credit for SMEs. We should continue to improve the government financing guarantee system, accelerate the construction of credit information platform for enterprises, broaden the direct financing channels for high-quality SMEs, and effectively alleviate the practical problems faced by SMEs.