Beijing will extend the loan terms for working capital loans to private enterprises to 10 years.

Journalists have learned that the Municipal Party Committee's Financial and Economic Committee recently deliberated and issued the "Beijing City Promotion of High-Quality Development 2025 Work Points for the Healthy Development of the Private Economy." Among them, the "Work Points" propose maintaining a stable and effective supply of incremental credit to private enterprises, increasing support for first loans, renewal loans, and credit loans for small and micro-enterprises, and promoting local government financing guarantee agencies to provide guarantee services to small and micro-enterprises with a guarantee amount of 10 million yuan or less. In the past, to meet short-term funding needs in the production and operation process, the enterprises could apply for working capital loans from banks. However, the term of such loans is relatively short, often not exceeding 5 years. The measures also include: extending the term of working capital loans to 10 years to further reduce the financing pressure on private enterprises.