Jiangsu holds a meeting on continuously optimizing financial services for private enterprises: increasing the proportion of direct financing such as IPO financing and bond issuance, cultivating and strengthening patient capital such as private equity and insurance funds.

On June 10th, a meeting was held in Nanjing to continue optimizing financial services for private enterprises. Ma Xin, member of the Provincial Party Committee and Deputy Governor, attended and delivered a speech. The meeting pointed out that supporting the development of private enterprises is a key focus in promoting high-quality development. The "20 measures" to optimize financial services for private enterprises will be implemented in detail, with closer coordination between government, banks and enterprises to improve the quality and efficiency of financial services for private enterprises. This will further support the growth of private enterprises and provide powerful support to achieve economic and social development goals for the first half of the year and the whole year. The meeting emphasized the need to broaden financing channels, enrich financial supply, strengthen the main channel of credit financing, actively promote the "four-loan linkage" model, increase the proportion of direct financing such as IPO financing and bond issuance, and cultivate and strengthen patient capital such as private equity and insurance funds. It also called for further improvement of the financial service system, strengthening the main forces of financial services, focusing on enhancing data support, and solidifying the guarantee and insurance foundation. In addition, it stressed the importance of strengthening incentives and constraints, implementing the due diligence requirement for inclusive finance, reasonably relaxing the tolerance for bad debts of private small and micro enterprises, and continuously optimizing the evaluation and incentive system.