Eight departments jointly issued "Several Measures to Support Financing for Small and Micro Enterprises"

The China Banking and Insurance Regulatory Commission, the People's Bank of China, the China Securities Regulatory Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the State Taxation Administration, and the State Administration for Market Regulation recently jointly issued the "Several Measures to Support Financing for Small and Micro Enterprises." The "Several Measures" focus on leveraging the combined efforts of regulatory, monetary, fiscal, taxation, industrial, and other policies to increase the supply of financing, reduce comprehensive financing costs, improve financing efficiency, enhance targeted support, implement regulatory policies, strengthen risk management, improve policy guarantees, and ensure effective implementation through 23 specific measures.