First, strengthen and improve financial services for SMEs. State-owned commercial banks and joint-stock banks should establish financial service franchises for small enterprises, improve the credit business system for small and medium-sized enterprises, and gradually increase the scale and proportion of medium and long-term loans for small and medium-sized enterprises. Improve the efficiency of loan approval and innovate financial products and services.
The second is to improve the credit evaluation system of small enterprises. Encourage the establishment of small business loan risk compensation fund. Give appropriate subsidies to the increment of small business loans issued by financial institutions. Give appropriate risk compensation to the non-performing loan losses of small enterprises. The loss reserve shall be fully accrued before tax for new loans of small enterprises, and the business tax on loan interest of small enterprises shall be appropriately reduced.
The third is to establish and improve the financial service system for small and medium-sized enterprises. Study and encourage private capital to set up joint-stock financial institutions such as village banks and loan companies. Support and standardize the development of microfinance companies, and encourage qualified microfinance companies to become village banks. Actively support private capital to participate in the restructuring of rural credit cooperatives into rural commercial (cooperative) banks, urban credit cooperatives into urban commercial banks, and urban commercial banks to increase capital and share.
Fourth, encourage relevant departments and local governments to set up venture capital guidance funds, guide social funds to set up venture capital enterprises that mainly support small and medium-sized enterprises, and guide various venture capital institutions to increase investment in small and medium-sized enterprises. Actively develop equity investment funds. Give full play to the role of financing methods such as financial leasing, pawn and trust in the financing of small and medium-sized enterprises.
Fifth, speed up the formulation of management measures for financing guarantee of small and medium-sized enterprises and improve the multi-level credit guarantee system for small and medium-sized enterprises. Finance at all levels should establish a credit guarantee fund for small and medium-sized enterprises, and comprehensively use various ways such as capital injection, risk compensation and reward to improve the financing guarantee ability of small and medium-sized enterprise guarantee institutions. Eligible SME credit guarantee institutions are exempt from business tax, and reserve withdrawal and compensation losses are deducted before tax.
Sixth, establish and improve the credit information collection mechanism and evaluation system of small and medium-sized enterprises to improve the financing credit rating of small and medium-sized enterprises. Improve the personal and corporate credit information system, and provide convenient and quick inquiry service for financing of small and medium-sized enterprises. Build a credit restraint mechanism that benefits from trustworthiness and punishes dishonesty, and enhance the credit awareness of SMEs. Seventh, further expand the direct financing of SMEs. We will steadily expand the issuance scale of collective bonds and short-term financing bonds for small and medium-sized enterprises. Further improve the GEM market and ensure the quality of listed enterprises. Cultivating GEM has become an important financing channel for small and medium-sized enterprises, and cultivating large private enterprise groups in the future through the GEM market.