Journalists learned from the National Financial Regulatory Administration that the Financial Regulatory Administration and the National Development and Reform Commission recently jointly convened a video conference on mobilizing and deploying the support for small and micro enterprise financing coordination work mechanism, proposing to strengthen overall planning and organizational coordination, and to promptly establish and improve the work mechanism.

The meeting pointed out that supporting the high-quality development of small and micro enterprises is a practical necessity for stabilizing the macroeconomic situation and promoting employment, an inevitable requirement for advancing economic transformation and upgrading, and an integral part of the path of financial development with Chinese characteristics. It is required to fully recognize the importance and urgency of promoting the high-quality development of small and micro enterprises from a strategic perspective, fully leverage the advantages of the Party's leadership and the socialist system with Chinese characteristics, while adeptly utilizing market-oriented mechanisms and legal methods to achieve an efficient combination of an effective government and a dynamic market, jointly addressing the financing challenges faced by small and micro enterprises.

The meeting emphasized that to guide credit funds quickly to grassroots small and micro enterprises, the Financial Regulatory Authority and the National Development and Reform Commission will lead the establishment of a coordinated working mechanism to support small and micro enterprise financing, with corresponding local working mechanisms established. Efforts will be made from both supply and demand sides to address the issues of financing difficulties for small and micro enterprises and lending difficulties for banks. The district and county task forces should "hold two hands", one hand holding the enterprises and the other holding the banks. Through the "Thousands of Enterprises and Households Grand Visit" activity, they will deeply engage with industrial parks, communities, and villages, comprehensively assess financing needs, and form "two lists", recommending eligible small and micro enterprises to banking institutions. Banking institutions will promptly and accurately connect with these enterprises, ensuring that credit funds reach the grassroots quickly, conveniently, and at appropriate interest rates, thereby breaking through the "last mile" of financial benefits for enterprises and the public.

The meeting called for strengthening overall planning and organizational coordination, promptly establishing and improving the working mechanisms, implementing the responsibilities of relevant departments, local governments, banking institutions, small and micro enterprises, and other parties, clarifying objectives and tasks, closely coordinating and collaborating, forming a joint force, and ensuring the effective implementation of the mechanisms' work.