Promote quality brands to become "tangible assets"! Three departments jointly issued a document

Notice on Carrying out Quality Financing Credit Enhancement Work to Better Serve the High-Quality Development of the Real Economy

Market Regulation Bureaus (Departments, Commissions) of all provinces, autonomous regions, municipalities directly under the Central Government, and Xinjiang Production and Construction Corps; Shanghai Headquarters of the People's Bank of China, branches in all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan; regulatory bureaus of the National Financial Regulatory Administration; local financial management bureaus of all provinces, autonomous regions, and municipalities directly under the Central Government; all policy banks, large banks, joint-stock banks, and foreign banks:

To thoroughly implement the spirit of the 20th National Congress of the Communist Party and the requirements of the Central Economic Work Conference, effectively implement the deployment of "Improving the financing credit enhancement system covering quality, standards, brands, patents, and other factors" in the Outline for Building a Quality Power, guide financial institutions to use quality financing credit enhancement methods to provide financial services to high-quality enterprises, especially small and micro enterprises, and better serve the high-quality development of the real economy, the following work is hereby notified.

1. Fully recognize the important significance of carrying out quality financing credit enhancement

Quality financing credit enhancement refers to a credit enhancement mechanism established based on the quality capabilities, qualifications, and other quality factors that enterprises possess, providing financing services to enterprises that value quality, pursue excellence, and have a high level of quality efficiency. Carrying out quality financing credit enhancement helps broaden enterprise financing channels, optimize and improve financial services, promote enterprises to win by quality, develop new quality productivity, and accelerate the construction of a quality power. Provincial-level market regulation departments, provincial branches of the People's Bank of China, regulatory bureaus of the Financial Regulatory Administration, local financial management institutions, and other departments should fully recognize the importance of carrying out quality financing credit enhancement work, strengthen coordination and close cooperation, and promote the orderly development of quality financing credit enhancement work. Financial institutions should actively explore and take initiative, deeply carry out quality financing credit enhancement business, and further improve the accessibility and convenience of financing for quality-efficient enterprises.

2. Clarify the scope of quality financing credit enhancement factors

(1) Determine the scope of factors. Quality financing credit enhancement factors mainly include the capabilities, qualifications, and honors that enterprises possess in five aspects: quality credit, quality management, quality brand, quality foundation, and quality innovation. Among them, quality credit factors mainly refer to the enterprise's quality reputation evaluation, credit information status, and product quality supervision and sampling inspection; quality management factors mainly refer to the enterprise's quality management models and methods, establishment of chief quality officers, and government quality awards received; quality brand factors mainly refer to brand value, brand awareness, and brand influence; quality foundation factors mainly refer to the enterprise's capabilities and qualifications in metrology, standards, certification and accreditation, inspection and testing; quality innovation factors mainly refer to the enterprise's technological innovation, quality breakthroughs, and transformation of scientific and technological achievements. Provincial-level market regulation departments should work with provincial branches of the People's Bank of China, regulatory bureaus of the Financial Regulatory Administration, and local financial management institutions to refer to the above five categories of factor scope, focus on new industries, new models, and new drivers, combine local development realities and enterprise financing needs, and study and determine the scope and information items of quality financing credit enhancement factors in their regions.

(2) Standardize factor content. Provincial-level market regulation departments should work with provincial branches of the People's Bank of China, regulatory bureaus of the Financial Regulatory Administration, and local financial management institutions to formulate a list of quality financing credit enhancement factors, standardize information formats, collect information content, and provide information explanations. Establish and improve a long-term mechanism for information collection and real-time updating of quality financing credit enhancement factors to ensure the accuracy, timeliness, and completeness of relevant information.

3. Solidly promote key tasks of quality financing credit enhancement

(3) Promote information sharing. Provincial-level market regulation departments should organize municipal and county-level market regulation departments to, based on enterprise financing needs and in accordance with the scope of quality financing credit enhancement factors, explore suitable data collection and information sharing systems under the premise of legal compliance and data security, and share enterprise lists and quality financing credit enhancement factor information with relevant financial institutions. Fully utilize the big data functions of the National Enterprise Credit Information Publicity System, establish and improve information sharing channels and corresponding working mechanisms with financial institutions to facilitate timely inquiry of enterprise credit information by financial institutions and reduce information collection costs. Encourage the inclusion of quality financing credit enhancement factor information into the National Enterprise Credit Information Publicity System.

(4) Establish an evaluation system. Financial institutions should actively connect with enterprise financing needs based on enterprise lists and quality financing credit enhancement factor information provided by market regulation and other departments, and provide financial support according to market-oriented and rule-of-law principles. Encourage financial institutions to deeply explore and utilize quality financing credit enhancement factor information, establish a comprehensive evaluation system, incorporate it into credit evaluation and risk management models, and improve financial institutions' evaluation capabilities for quality financing credit enhancement. Encourage credit reporting agencies filed with the People's Bank of China to participate in data sharing, data governance, evaluation result recommendations, and improvement of internal risk control models of financial institutions under the premise of legal compliance.

(5) Optimize service handling. Encourage financial institutions to actively combine quality financing credit enhancement factors, develop related products and services, optimize credit approval processes, improve loan issuance efficiency and service convenience. Support financial institutions in using big data and other digital information technology means to carry out credit process reengineering and business innovation, improve financial demand response and approval processing speed, and provide enterprises with more convenient and diversified quality financing credit enhancement services.

(6) Strengthen risk management. Financial institutions should establish and improve quality financing credit enhancement risk management systems, strengthen risk monitoring, early warning, and disposal. Use cross-verification of enterprise information, public credit, and other data to achieve dynamic and accurate grasp of information in all links of enterprise quality financing credit enhancement, properly manage the use of credit funds and verify authenticity, and effectively prevent risks of misappropriation and embezzlement. Local market regulation departments should update enterprise quality financing credit enhancement data in a timely manner according to financial institutions' needs. Through joint disciplinary actions and other means, crack down on malicious debt evasion behaviors, and actively support financial institutions in legally and compliantly carrying out the collection and disposal of non-performing loans related to quality financing credit enhancement.

4. Optimize quality financing credit enhancement guarantee measures

(7) Strengthen overall coordination. Provincial-level market regulation departments, provincial branches of the People's Bank of China, regulatory bureaus of the Financial Regulatory Administration, and local financial management institutions should strengthen overall coordination and organizational leadership, formulate and improve work plans for quality financing credit enhancement business in their regions, strengthen policy coordination and information sharing, break down work tasks in detail, clarify responsibilities, strengthen linkage among provinces, cities, and counties, and do a good job in organizing and implementing work in their regions.

(8) Actively promote and guide. Market regulation departments should carry out publicity, explanation, and training services for financial institutions to enhance their quality awareness and literacy, and improve their ability and level to carry out quality financing credit enhancement business. Financial institutions should increase publicity efforts through business outlets, official websites, mobile apps, WeChat public accounts, and other channels to raise awareness of quality financing credit enhancement products and services. Market regulation departments at all levels should use the "one-stop" service platform for quality infrastructure and other channels to promote quality financing credit enhancement policies to a wide range of enterprises, promptly summarize typical experiences, and replicate and promote advanced practices and innovative achievements.

(9) Deepen policy support. Support local governments in including quality financing credit enhancement business within the scope of government financing guarantees, promote the establishment of special guarantee funds for quality financing credit enhancement business, use relevant quality reward funds for interest subsidies on quality financing credit enhancement loans, promote the combined use of financial policy tools such as equity, funds, and bonds, and carry out the development of standards related to quality financing credit enhancement. Promote the integration of quality financing credit enhancement work into activities for strengthening enterprises, industrial chains, and counties (districts, towns) through quality, better serving enterprises to grow bigger and stronger, building and strengthening industrial clusters and chains, accelerating the development of new quality productivity, and speeding up the construction of a quality-strong country.

Provincial-level market supervision departments, provincial branches of the People's Bank of China, regulatory bureaus of the Financial Regulatory Administration, and local financial management institutions should earnestly organize and implement the tasks of quality financing credit enhancement, regularly track work progress, summarize work experience, and promptly report relevant work situations.

State Administration for Market Regulation People's Bank of China

Financial Regulatory Administration

May 10, 2024