The China Banking Association and the All-China Federation of Industry and Commerce issued the "Initiative for Banking Financial Institutions to Support the High-Quality Development of the Private Economy" in Beijing on March 17, calling on banking financial institutions to further improve financial services for private enterprises with greater efforts and practical measures.

The initiative calls on banking financial institutions to optimize credit services and escort the development of private enterprises. Formulate annual service goals for private enterprises, increase credit supply, and improve service coverage. Maintain stable and effective incremental credit supply for private enterprises and increase support for first loans, renewal loans and credit loans for private small and micro enterprises. Take the initiative to provide funds for private enterprises, and do not blindly stop loans, suppress loans, withdraw loans, or cut off loans. Under the premise of due diligence exemption, reasonably increase the tolerance for non-performing loans of private enterprises. Improve differentiated assessment and incentive policies and establish a long-term mechanism for "good loan", "will to loan" and "dare to loan".

In terms of strengthening product innovation, the proposal calls on banking financial institutions to combine their own resource endowments and advantages to make financial services for private enterprises in different types and development stages. Provide diversified relay financial services for technology-based private enterprises in the entire life cycle, make good use of scientific and technological innovation and technological transformation re-lending policies, optimize business models such as intellectual property pledge financing, accounts receivable pledge financing, etc., do a good job in the pilot program of mergers and acquisitions of technology enterprises and comprehensive pilot program of intellectual property financial ecology, and actively support technology-based private enterprises in technology research and development, results transformation, transformation and upgrading.

The initiative proposes to focus on the financing difficulties of private small and micro enterprises, further open up the "last mile" of finance benefiting enterprises and the people, and improve the availability and convenience of financing for small and micro enterprises. Effectively implement the policy of reducing fees and concessions for private small and micro enterprises that have been issued, and gradually reduce the comprehensive financing costs of private enterprises on the basis of reasonable pricing. Carry out the micro-assistance program in depth, vigorously support the sustainable development of small and micro business entities, and improve the quality and efficiency of serving small and micro business entities.

The proposal calls on banking and financial institutions to uphold "long-termism" and accompany private enterprises with their hearts and emotions. Operate prudently in accordance with the law, effectively improve the degree of refinement of credit management of private enterprises, reasonably meet the financing needs of enterprises, avoid excessive financing, and promote the steady development of private enterprises. Correctly understand and distinguish the difficulties and problems encountered in the development of private enterprises, and strengthen classified measures, precise measures, and "one enterprise, one policy". Optimize the loan risk management mechanism of private enterprises, improve the ability to identify, warn and deal with credit risks, and enhance the sustainability of serving private enterprises.

The initiative proposes to explore the establishment of a good communication and interaction mechanism between banks and enterprises, give full play to the professional service capabilities of various banking financial institutions, deepen the normal cooperation mechanisms with chambers of commerce, law firms, accounting firms, etc., help private enterprises optimize their internal governance structure, improve their business management capabilities, and improve the modern enterprise system with Chinese characteristics. Actively help private enterprises operate honestly, adhere to their main business, and strengthen their industries, and promote the high-quality development of the private economy with practical actions. (Reporter Li Yanxia)