Eight departments: Make good use of structural monetary policy tools to guide financial institutions to expand their credit support for small and micro enterprises.

According to the Wise Finance APP, recently, the State Administration of Financial Supervision and other eight departments jointly issued a notice on "Several Measures to Support Financing for Small and Micro Enterprises." It mentioned the deepening and solidifying of the coordination mechanism for supporting financing for small and micro enterprises. The Financial Regulatory Authority and the National Development and Reform Commission will take the lead in further playing the role of the coordination mechanism for supporting financing for small and micro enterprises, and prefecting the work mechanism at the provincial, municipal, and county levels. They will conduct in-depth "visits to thousands of enterprises and households" activities, comprehensively identify the operating conditions and financing needs of small and micro enterprises, recommend eligible small and micro enterprises to the banks, and achieve direct access to credit funds from banks to the grassroots levels, with rapid and convenient access and suitable interest rates.