We learned from the Finance Office of the Sichuan Provincial Committee that the department, along with the Provincial Development and Reform Commission, the Sichuan Branch of the People's Bank of China, and the Sichuan Financial Supervisory Authority recently jointly issued “Certain Measures to Support the Development of Private Enterprises in Sichuan Province”, which introduced 17 measures focusing on key aspects such as credit, equity, bonds, credit repair, and financing. The “Measures” make it clear that during the “15th Five-Year Plan” period, private enterprise loan investment in the province continued to expand, and loan costs declined steadily, and private enterprises accounted for no less than 50% of fund investment enterprises in the province. In response to the pain point of financing timelines, the “Measures” for the first time set out a “hard lever” for financial institutions to process loans: in principle, the processing time limit for online loans was reduced to 7 days and 3 days for loan renewal; offline loans were reduced to 15 days and loan renewal within 6 days. The “Measures” propose the establishment of a “pre-authorized credit white list”, accurately promoted to financial institutions based on the “Chuanyi Loan” platform, and promote the “four loans” linkage of initial loans, credit loans, no-principal loan renewals, and loan transfers.

We learned from the Finance Office of the Sichuan Provincial Committee that the department, along with the Provincial Development and Reform Commission, the Sichuan Branch of the People's Bank of China, and the Sichuan Financial Supervisory Authority recently jointly issued “Certain Measures to Support the Development of Private Enterprises in Sichuan Province”, which introduced 17 measures focusing on key aspects such as credit, equity, bonds, credit repair, and financing. The “Measures” make it clear that during the “15th Five-Year Plan” period, private enterprise loan investment in the province continued to expand, and loan costs declined steadily, and private enterprises accounted for no less than 50% of fund investment enterprises in the province. In response to the pain point of financing timelines, the “Measures” for the first time set out a “hard lever” for financial institutions to process loans: in principle, the processing time limit for online loans was reduced to 7 days and 3 days for loan renewal; offline loans were reduced to 15 days and loan renewal within 6 days. The “Measures” propose the establishment of a “pre-authorized credit white list”, accurately promoted to financial institutions based on the “Chuanyi Loan” platform, and promote the “four loans” linkage of initial loans, credit loans, no-principal loan renewals, and loan transfers.