China Banking Regulatory Commission: Government financing guarantee institutions provide financing guarantee rates for small and micro enterprises not exceeding 1%.

Journalists learned from the press conference held by the State Council Information Office this morning that the China Banking and Insurance Regulatory Commission has been making continuous efforts in supervision guidance, policy incentives, mechanism driving, and institutional safeguards. It has implemented precise measures for private enterprises in different industries, scales, and development stages, and has been promoting the implementation of the Private Economy Promotion Law. Firstly, it continues to optimize credit supply policies. For small and micro enterprises, which account for the vast majority of private enterprises, the China Banking and Insurance Regulatory Commission has formulated a series of differentiated supervision policies. For example, in terms of capital supervision, it offers a discount of 15% to 25% on the risk capital weight of loans to small and micro enterprises. In terms of non-performing tolerance, the tolerance for non-performing loans for inclusive small and micro enterprises has been relaxed to not exceeding 3 percentage points higher than the overall loan non-performing rate, in order to boost banks' lending enthusiasm.