Economic Daily columnist Jin Guanping: Promoting smooth access to credit funds for small and micro enterprises.

The ultimate goal of a series of efforts is to reduce intermediaries, lower the overall financing costs for enterprises, and promote direct credit funding for small and micro enterprises. Compared to medium and large enterprises, it is difficult to obtain credit information for small and micro enterprises, and it is difficult to assess credit risk levels, which provides space for some intermediaries and middlemen, indirectly increasing the overall financing costs for enterprises. The establishment of a financing coordination mechanism is to save on information collection costs, reduce intermediaries, decrease lending costs and additional fees, and truly reduce the financial burden on enterprises. Data shows that the average interest rate for loans issued to small and micro entities through this mechanism is currently 3.66%. According to the deployment of financial management departments, the financing coordination mechanism will be expanded to all foreign trade enterprises in the future. To ensure the effective implementation of policies and quick results, financial institutions need to strengthen forward-looking judgment, adhere to "one policy for one industry," base their services on the characteristics of small and micro enterprises, enhance the precision and professionalism of services, and especially need to comprehensively analyze the short-term difficulties and long-term development prospects of enterprises so that businesses heavily affected by tariffs and experiencing temporary operational difficulties can feel the warmth of the policies, and enterprises operating legally, with genuine financing needs and good credit statuses, can all receive efficient and direct funding.