China Banking and Insurance Regulatory Commission: Reducing the actual comprehensive financing costs borne by small and micro enterprises.

The General Office of the China Banking and Insurance Regulatory Commission has issued a notice on improving financial services for small and micro enterprises in 2025. It mentions that banking financial institutions should strengthen loan pricing management, scientifically and reasonably determine the level of inclusive small and micro enterprise loan interest rates based on market loan quotation rates, their own funding costs, characteristics of small and micro enterprise customers, and risk conditions, and enhance the sustainability of business development. Deepen the use of financial technology, strengthen the construction of a specialized system, improve the level of business intensive management, increase risk control efficiency, and reduce operating costs. Standardize cooperation with third parties, enhance independent service capabilities, improve customer reach, shorten the financing chain, and reduce the comprehensive financing costs actually borne by small and micro enterprises.