Eight departments: Encourage banks to coordinate the use of methods such as non-principal repayment renewal, extension, and adjustment of repayment arrangements to provide continued support for small and micro enterprise loans reaching maturity.

date
22/05/2025
The State Administration of Financial Supervision, together with seven other departments, jointly issued "Several Measures to Support the Financing of Small and Micro Enterprises", implementing the policy of no repayment of principal for small and micro enterprises. They instructed banks to implement the requirements of the "Notice of the State Administration of Financial Supervision on Improving the Work of Renewed Loans and Enhancing the Level of Financial Services for Small and Micro Enterprises", optimize renewed loan products, streamline processing channels, and expand the coverage of renewed loan policies. Banks are encouraged to comprehensively use methods such as no repayment of principle, extension, and adjustment of repayment arrangements to provide support for the renewal of loans for small and micro enterprises, alleviate their difficulties in capital turnover.