Issuance of Measures to Support Financing for Small and Micro Enterprises: Experts Recommend Fully Utilizing Digital Tools to Help Financial Institutions Achieve a Balance between Risk and Return.

Eight departments jointly issued the "Several Measures to Support Financing for Small and Micro Enterprises", proposing 23 measures from 8 aspects such as increasing the supply of financing, reducing the overall financing costs, and improving financing efficiency, aiming to solve the financing difficulties of small and micro enterprises. In response to this, Zhang Zhengping, professor of the Department of Finance at Beijing University of Business and Technology and director of the Center for Digital Finance Research, stated that at this particular point in time, the relevant government departments have issued important policy documents to support the financing of small and micro enterprises, and at the same time, they have exerted combined efforts in supervision, monetary policy, fiscal policy, and industry policy to help small and micro enterprises solve their financing difficulties, which is of great practical significance. Zhang Zhengping also pointed out that for financial institutions, they should fully utilize digital tools, develop digital finance, and use financial technology to find a balance between risk and return.