The 2022 government work report puts forward several measures to continue to strengthen financial support for the real economy, which clearly requires to promote the sharing of enterprise related credit information, and specifically refers to accelerating the information connection between tax departments and financial institutions, so as to further promote the solution of the financing problems of the real economy, especially small, medium-sized and micro enterprises. Banks refer to corporate tax information to issue loans ("tax assisted loans"), which is a feasible way to help enterprises finance. In recent years, under the overall coordination of the State Council, the State Administration of Taxation and the China Banking and Insurance Regulatory Commission (the former CBRC) have launched and continuously optimized the "bank tax interaction" policy (which means that the tax department directly pushes the enterprise tax information to the bank, and the bank provides loans for trustworthy small, medium and micro enterprises). The policy effect is remarkable. This year's government work report puts forward the requirement of accelerating the sharing of tax information related to enterprises, which will further promote the in-depth spread of tax assisted loans throughout the country.
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