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Small, medium and micro enterprises welcome again: the State Council issued a document to strengthen information sharing and improve the service capabilities of banks and other institutions |


Original title: Small, medium and micro enterprises welcome again: the State Council issued a document to strengthen information sharing and improve the service capabilities of banks and other institutions

On December 29, the General Office of the State Council issued the “Notice on Issuing the Implementation Plan for Strengthening Credit Information Sharing and Application to Promote Financing for Small, Medium and Micro Enterprises” (hereinafter referred to as the “Notice”), proposing to accelerate the pace of credit information sharing, deepen data development and utilization, and innovate and optimize Financing model, strengthen information security and the protection of the rights and interests of market entities, help banks and other financial institutions to improve their ability to serve small, medium and micro enterprises, and continuously improve the availability of loans for small, medium and micro enterprises.

Just half a month ago, the first executive meeting of the State Council after the Central Economic Work Conference focused on the topic of “strengthening financial support for small, medium and micro enterprises”. Under the premise of ensuring information security in accordance with laws and regulations, accelerate the promotion of information sharing of market entities registration, administrative penalties, judicial judgments and enforcement, taxation, and social security payment, and help banks improve their ability to serve small, medium and micro enterprises.

The issuance of the “Notice” is to implement the requirements of this year’s government work report and the above-mentioned executive meeting of the State Council. The “Notice” also proposes to establish relevant working mechanisms to support banks, insurance, guarantee, credit service and other institutions in need to access the financing credit service platform.

“In recent years, the National Development and Reform Commission, the China Banking Regulatory Commission and other departments have vigorously promoted the “Xinyidai” model, relying on the national credit information sharing platform, built and operated a national comprehensive credit service platform for SME financing, and developed and applied credit information and big data. As a basis, fully tap the value of credit information, alleviate the problem of bank-enterprise information asymmetry, and build an “information golden bridge” between financial institutions and small, medium and micro enterprises.” On December 29, Zhao Chenxin, Secretary-General of the National Development and Reform Commission, gave a policy statement to the State Council. Said at the briefing.

Zhao Chenxin also introduced that according to preliminary statistics, as of the end of November, the nation’s banking financial institutions had issued more than 7 trillion yuan in loans through financing credit service platforms at all levels, of which about 1.65 trillion yuan had been issued in credit loans. It should be said that “Xinyidai “The model has played an important role in supporting the financing of small, medium and micro enterprises.

Under the triple pressure, support for small, medium and micro enterprises needs to be increased

Small, medium and micro enterprises are an important force in stabilizing growth, promoting employment, and protecting people’s livelihood. In recent years, structural reforms on the financial supply side have been intensified, and the social credit system has been continuously improved, which has effectively promoted the financing of small, medium and micro enterprises.

On December 29, the State Council Information Office held a regular policy briefing of the State Council to introduce the relevant situation of the “Implementation Plan for Strengthening the Sharing and Application of Credit Information to Promote Financing for Small, Medium and Micro Enterprises”. According to Mao Hongjun, head of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, disclosed at the press conference that as of the end of November, the balance of loans to small and micro enterprises nationwide was 49.45 trillion yuan, of which the balance of loans to inclusive small and micro enterprises with a single-account credit of 10 million yuan and below was 18.73. Trillion yuan, a year-on-year growth rate of 24.13%, 12.79 percentage points higher than the growth rate of various loans. “Small and micro enterprise loans are showing a good trend of increasing volume, expanding coverage, and falling prices.”

However, restricted by factors such as the asymmetry of bank-enterprise information, the low availability of loans for small, medium and micro enterprises and the low proportion of credit loans still exist. Zhao Chenxin said that the current credit information sharing application situation still has a certain gap compared with the financing business needs of small, medium and micro enterprises. There are also problems such as difficulty in obtaining data from some departments and industries, and high information acquisition costs.

“In particular, the current economic development of our country is facing the triple pressure of demand contraction, supply shock, and expected weakening. We will further strengthen financial support for small, medium and micro enterprises and individual industrial and commercial households. Certainty and maintaining a stable and healthy economic environment are of great significance.” Zhao Chenxin said.

The “Notice” takes as the starting point to support banks and other financial institutions to improve their ability to serve small, medium and micro enterprises, fully utilizes the role of various credit information platforms, collects and shares various types of corporate credit information in various ways, and solves the problem of bank-enterprise information asymmetry. At the same time, it is required to make full use of big data and other technologies, improve the credit evaluation system, innovate financial products and services, increase the tilt of credit resources to small, medium and micro enterprises; establish and improve mechanisms for risk identification, monitoring, sharing, and disposal to improve risk prevention capabilities.

Two major problems prompted the strengthening of credit information sharing

“Strengthening the application of credit information sharing” is the core content of this “Notice”, which specifically requires the provincial people’s government to make full use of the existing local credit information sharing platform, credit information platform, comprehensive financial service platform and other information systems based on Coordinate the establishment or improvement of local financing credit service platforms, and encourage qualified cities and counties to establish relevant financing credit service platforms based on actual conditions.

Taking credit reporting platforms as an example, the central bank disclosed that as of the end of the third quarter, the central bank had promoted the establishment of 10 provincial-level local credit reporting platforms, more than 40 prefecture-level local credit reporting platforms, and the platforms collected 11.1 billion from 63.61 million enterprises. This piece of information helped 653,800 small and micro enterprises obtain 2.34 trillion yuan in credit.

At the same time, the “Notice” further requires that relying on the established national comprehensive credit service platform for small and medium-sized enterprises financing, horizontally connect the national enterprise credit information publicity system and relevant industry sector information systems, and vertically connect with local financing credit service platforms at all levels to build a national integration. The financing credit service platform network is well connected with data sharing and exchange channels such as the national integrated government service platform.

Up to now, the national financing credit service platform has realized interconnection with 103 places, covering 273 local sites, with more than 2,000 financial institutions and more than 13.8 million enterprises.

“From previous research, the current level of credit information sharing is still difficult to meet the financing needs of market entities. This is mainly reflected in two aspects: On the one hand, some localities and financial institutions have reported that it is difficult to obtain a lot of important credit-related information. However, this information is necessary to accurately and objectively describe the credit status of the enterprise. The lack of relevant information will greatly affect the enthusiasm of banks to lend; on the other hand, some banks need to connect with multiple places and multiple departments to obtain this information. Access to multiple platforms, so there is an urgent need for a platform that can be properly integrated to provide information in a package.” Chen Hongwan, Director of the Department of Finance and Credit Construction of the National Development and Reform Commission explained.

Zhou Min, director of the National Public Credit Information Center, also stated at the above-mentioned press conference that at present, banking financial institutions generally face the problem of difficulty in obtaining credit information or high cost of obtaining loans for inclusive small and micro enterprises. The problem that the model strives to solve. It is believed that with the continuous improvement of the quantity and quality of credit information, it will further promote the development of the “Xinyi Loan” model, and the ability of banking financial institutions to develop inclusive loans for small and micro enterprises will also be significantly improved.

Zhou Min also explained that at present, many places have established information sharing platforms for service financing, and the competent departments are also different. The construction of a national integrated financing credit service platform network is not about overthrowing and repetitive construction, but full integration. Use existing resources to improve operational efficiency.

14 categories of information are included to guide banks to actively connect

Strengthening the sharing of credit information, what is the specific information? The “Notice” clarified that, guided by the financing needs of small, medium and micro enterprises and individual industrial and commercial households, under the premise of ensuring information security in accordance with laws and regulations, the payment of taxes, social insurance premiums and housing provident funds, import and export, water, electricity, and real estate will be gradually paid. , Intellectual property, scientific and technological research and development and other information are included in the scope of sharing, breaking “data barriers” and “information islands”, while encouraging companies to supplement and improve their own information through “voluntary filing + credit commitment” and other methods, and smooth information sharing channels.

Chen Hongwan concluded that the most urgently needed tax payment, social insurance premium and housing provident fund payment, import and export, water and electricity fee payment, real estate, intellectual property, technology research and development, etc., which are most urgently needed for financing business of small and medium-sized enterprises, are included in the sharing of 14 categories and 37 items. Scope, unblocked channels for information sharing.

Taking water and electricity as an example, it mainly includes the payment details, the average monthly consumption in the past 3 months and the past 6 months, and whether the current fees are in arrears, etc., after the authorization of the enterprise, it will be called by the local-level interface and completed by June 2022 .

It is understood that the National SME Financing Comprehensive Credit Service Platform is linked to the provincial and municipal SME Financing Comprehensive Credit Service Platform sites. Enterprises can click on the link to the local site and enter the local platform to apply for financing. Companies can also apply for financing directly based on their own industry sector by choosing characteristic Shiny Loan products. After receiving the online application from the enterprise, the financial institutions stationed on the platforms at all levels will conduct a comprehensive assessment of the enterprise’s credit status and independently decide whether to provide financing and credit services.

How to promote the use of “Xinyi Loan” by banks? Mao Hongjun introduced that the China Banking and Insurance Regulatory Commission will incorporate the participation of banks in credit information sharing into the small and micro enterprise financial service supervision and evaluation system. There is an indicator for whether the bank has launched “Xinyi Loan”, and there are bonus points for “Xinyi Loan”. Guide banks to actively connect with “Xinyidai” and other platforms, proactively release financial products, make good use of credit information resources, and improve loan risk management.

At the same time, the China Banking and Insurance Regulatory Commission encourages banks to organically integrate corporate credit information with internal financial data, improve business approval technology and risk management models, actively innovate credit loan products, and increase the proportion of credit loans in small and micro enterprise loans.

In addition, regarding the privacy concerns of the outside world, Chen Hongwan said that it will establish a hierarchical and classified management and use system of information. For information that is not suitable for disclosure, inquiries or verification must be conducted after the authorization of the information subject; or if conditions are met, through a joint Modeling and other methods are used after technical processing to realize data “available invisible”, and strictly protect business secrets and personal privacy. (Edit: Bao Fangming)

(Author: Li Yuan)


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