Regarding the development of small and micro enterprises, Shanghai has surpassed the trillion yuan interest rate for the first time | Platform | Enterprise
Shanghai's inclusive finance is facing another breakthrough. According to relevant statistical monitoring data from the Shanghai Banking and Insurance Regulatory Bureau, as of the end of May 2023, the balance of loans for inclusive small and micro enterprises in Shanghai reached 1007.563 billion yuan, breaking the trillion yuan mark for the first time, an increase of 92.209 billion yuan or 10.07% compared to the beginning of the year, which is 6.01 percentage points higher than the growth rate of various loans; The year-on-year increase was 251.38 billion yuan, with a growth rate of 33.24%. The weighted average interest rate for inclusive small and micro enterprise loans from Chinese banks within the jurisdiction is 4.27%, a decrease of 0.25 percentage points from the beginning of the year.
Breakthroughs come from exploration. In recent years, the Shanghai Banking and Insurance Regulatory Bureau has always required banking and insurance institutions to regard financial services for small and medium-sized enterprises as the "leader" project of each bank, and make tilted arrangements in terms of personnel, mechanisms, organization, risk control, and other aspects.
At the regulatory level, the Shanghai Banking and Insurance Regulatory Bureau continuously optimizes the mechanism of inclusive finance and establishes a complete set of inclusive supervision toolboxes that integrate small and micro credit assessment goals, data monitoring and reporting, and regulatory supervision. At the same time, establish a monitoring and evaluation system for financial services for small and micro enterprises, and provide effective incentives for financial institutions. In recent years, the average annual growth of loan balances for inclusive small and micro enterprises in Shanghai has exceeded 20%, and the sense of gain for small and micro enterprises has significantly improved.
At the external environment level, the Shanghai Banking and Insurance Regulatory Bureau actively coordinates with relevant departments of the Shanghai Municipal Government to introduce policies, build platforms, and create a favorable external environment for the development of financial work. Collaborating with relevant departments to revise the 2023 Shanghai Technology oriented Small and Medium sized Enterprises and Small and Micro Enterprise Credit Risk Compensation Plan, rewarding units and individuals with outstanding credit performance in small and micro enterprises, and incentivizing and guiding financial resources to tilt towards small and micro enterprises. At the same time, we will continue to deepen information sharing platforms such as bank tax interaction platforms and big data inclusive financial applications, effectively alleviating the financing difficulties and high financing costs of small and medium-sized enterprises. As of the end of the first quarter of 2023, 61 banking and financial institutions in Shanghai have participated in bank tax cooperation, and a total of 261.373 billion yuan of loans for various bank tax cooperation products have been issued under the bank tax cooperation. 27 banks have signed contracts with the Shanghai Big Data Center's inclusive finance application, with 547000 financial institutions serving enterprises online and 38.6 million data calls, providing data support for approximately 380 billion yuan of loans to small and medium-sized enterprises.
