Small, medium-sized and micro enterprises are an important part of the national economy, an important force to improve labor productivity, alleviate employment pressure and promote scientific and technological innovation, and a strong support for building a new development pattern. In recent years, the CPC Central Committee and the State Council have attached great importance to the development of small, medium-sized and micro enterprises and taken a series of measures to support small, medium-sized and micro enterprises in terms of tax incentives, innovation incentives and financing support. Recently, the general office of the State Council issued the implementation plan for strengthening the sharing and application of credit information and promoting the financing of small, medium and micro enterprises (GBF [2021] No. 52, hereinafter referred to as the implementation plan), which helps to deepen the “bank government enterprise cooperation” and establish a mechanism to alleviate the financing difficulties of small, medium and micro enterprises by giving full play to the supporting role of credit information in the financing of small, medium and micro enterprises A long-term mechanism to support the development of small, medium-sized and micro enterprises.
As an important market player, small, medium-sized and micro enterprises have long faced the problems of difficult and expensive financing. Small, medium-sized and micro enterprises often have non-standard operation and management, and their financial statements are difficult to reflect the actual operation. At the same time, due to the insufficient accumulation of fixed assets, it is difficult to provide effective support for their solvency. “Lack of information and credit” has become a key problem restricting the financing of small, medium-sized and micro enterprises for a long time. In recent years, the development of big data and financial technology has made it possible for banks to solve the financing problems of small, medium-sized and micro enterprises. Through big data technology, mining and analyzing orders, transactions, taxes and other timely and sensitive alternative data of enterprises, commercial banks can jump out of the traditional mode of judging enterprises with financial statements in the past, take data as the core basis of credit evaluation, and reshape the credit discovery and exploration mechanism of small, medium-sized and micro enterprises.
However, for a long time, the information and data related to tax payment, social insurance, water and electricity, administrative punishment and so on involving small and medium-sized micro enterprises are scattered in multiple departments. These departments have independent information management systems and mechanisms. It is difficult and costly for commercial banks to obtain enterprise credit information across regions and departments. Due to the lack of a credible third-party information sharing platform for the integrated application of multi-party data, the phenomena of “information shaft” and “data island” increase the difficulty for information users to obtain information and restrict the further expansion of the coverage of Inclusive Finance. At the same time, credit data has strong externality and objectiveness. When commercial banks and other financial institutions obtain enterprise and personal credit data, there are compliance risks such as data security and personal information protection. The wide range of external data sources, diverse forms and different standards put forward higher requirements for data governance and compliance application of commercial banks. Commercial banks need norms and guidance on which data sources can be used, which data can be obtained, and how to standardize data governance.
In view of the above problems, the implementation plan takes supporting banks and other financial institutions to serve small, medium-sized and micro enterprises as the starting point, and strengthens the sharing and integration of credit information from the aspects of perfecting the information sharing network, expanding the scope of information sharing, optimizing the mode of information sharing and optimizing credit information services; Deepen the development and utilization of information credit from the aspects of perfecting credit evaluation system and strengthening risk monitoring and disposal; Protect the legitimate rights and interests of information subjects from the aspects of standardizing information management and use and strengthening information security. These measures face the pain point that banks are difficult to obtain high-quality credit information data. On the premise of ensuring information security and subject rights and interests, they integrate and share enterprise related credit information scattered in different departments, create a good external environment for bank financial innovation and reform, identify customers and judge risks in multiple dimensions, and continue to innovate inclusive loan business, Improving the financing difficulties of small, medium-sized and micro enterprises will greatly help to improve the loan coverage, availability and convenience of small, medium-sized and micro enterprises.
The implementation plan is of great significance to strengthen the construction of social credit system. A good social credit environment is an important foundation for the sustainable development of Inclusive Finance. With the implementation of the scheme, honest and law-abiding information can enable small, medium-sized and micro enterprises to obtain more convenience and preferences in credit, transactions and other fields. Credit information has more important value for small, medium-sized and micro enterprises. The improvement of the social credit system will encourage the credit subject to develop a code of conduct that attaches importance to credit, abides by the law and performs the contract. It will also help to form a social atmosphere of integrity and law-abiding, and then provide strong support for preventing financial risks and promoting the sustainable development of Inclusive Finance.
For a long time, China Construction Bank Corporation(601939) has attached great importance to inclusive finance business, determined Inclusive Finance as the bank wide strategy, made every effort to promote it, explored the reconstruction of SME credit system and the reform of service mode for the first time in the industry, and created a new “five modernizations and three ones” digital Inclusive Finance Model of batch quantitative customer acquisition, accurate portrait, automatic approval, intelligent risk control and comprehensive service. By accessing enterprise tax payment, provident fund, social security, electricity and other data, it launched a number of products such as “smart fast loan”, “Huiqi loan”, “Longshu fast loan” and “Zhiyong loan”, which provided convenient credit loans for small and micro enterprises and effectively alleviated the financing problems of small and micro enterprises. Next, China Construction Bank Corporation(601939) will further strengthen the connection with the national financing and credit service platform according to the information sharing mechanism established in the scheme, and continuously enrich the financing product system of small, medium-sized and micro enterprises on the premise of ensuring information security, protecting the legitimate rights and interests of information subjects and strictly abiding by relevant national regulations and platform information management requirements, so as to serve the national real economy Make greater contributions to the work of “six stabilities” and the implementation of the task of “six guarantees”. (Zhang Nan, deputy general manager of China China Construction Bank Corporation(601939) Inclusive Finance Division)
(source: National Development and Reform Commission)
