In recent years, we have increased financial support for micro and small businesses (MSBs) and self-employed individuals. We have secured jobs growth and improved people’s livelihood. By raising incomes and boosting consumption, we have helped to stabilize the overall economy. In line with the market principles and rule of law, we have made incentives more compatible, and improved credit risk management of commercial banks.
So far, more than 36 million MSBs and self-employed individuals have got access to inclusive loans. We will continue to use structural monetary policy tools and form policy synergy with other agencies to guide banks to increase first-time borrower loans and unsecured loans while ensuring business sustainability. Banks and enterprises will be encouraged to strengthen credit risk prevention in a commercially sustainable manner.