The new "432 1" model of government-bank cooperation is a model promoted by provincial and municipal governments at present, that is, municipal guarantee institutions, provincial re-guarantee institutions, cooperative banks and local governments bear credit risks according to 40%, 30%, 20% and 10% respectively. For example, at the end of 20 14, Anhui Credit Guarantee Group innovatively launched a new cooperation model of "432 1", which changed the traditional model that financing guarantee companies bear full compensation risks and the government subsidizes financing guarantee companies. For the loan guarantee business with a single household of less than 20 million yuan, the financing guarantee company, Anhui Credit Guarantee Group, banks and local governments shall share the risk responsibility according to the ratio of 4: 3: 2: 1. That is, when small and micro enterprises can't repay the due secured loans, the financing guarantee company will bear 40% of the risk liability, the provincial guarantee group will bear 30% of the risk liability, the financial institutions of cooperative banks will bear 20% of the risk liability, and the municipal, county (district) governments will bear 10% of the risk liability by setting up special compensation funds. After the implementation of the "432 1" mechanism, the "worries" of guarantee companies have been greatly alleviated, and small and micro enterprises are expected to obtain more loans.

Small and micro enterprises are collectively referred to as small enterprises, micro enterprises and family workshop enterprises. In 20 15, China implemented the policy of starting point for small and micro enterprises and individual industrial and commercial households and the policy of halving income tax for small and low-profit enterprises, and reduced or exempted taxes by nearly10 billion yuan. 20 19 On March 5th, People's Republic of China (PRC) Li Keqiang, Premier of the State Council of the People's Republic of China said that the financing cost of small and micro enterprises would be reduced by 1 percentage point on the basis of 20 18. Under the epidemic situation in 2020, in order to help small and micro enterprises tide over the difficulties, many departments in the State Council have successively issued various policies in the past six months, involving rent, tax, financing, operating costs and other aspects. On March 5, 2002 1 year, Li Keqiang, Premier of the State Council of the People's Republic of China, People's Republic of China (PRC), stated in the report on the work of the the State Council government in 20021year that if the annual taxable income of small and micro enterprises and individual industrial and commercial households is less than110,000 yuan, the income tax will be halved on the basis of the current preferential policies. Due to various international and domestic reasons, mainly irrational factors in the domestic economy and society, small and micro enterprises in China have encountered a series of difficulties that seriously affect their survival and development, which can be summarized as "two high dilemmas": high cost and high tax burden; Employment and financing difficulties; In this regard, on February 1 2065, the executive meeting of the State Council specifically studied and deployed to further support the healthy development of small and micro enterprises, and clearly pointed out that small and micro enterprises are the main channel for providing new jobs, the main platform for entrepreneurs' entrepreneurial growth, and an important force for scientific and technological innovation. Diversified short-term loan services will help small and micro enterprises to enhance their ability to resist risks, seize market opportunities in time and seize development opportunities.