General

According to the latest data released by the Export-Import Bank of China, as of the end of July, the balance of the Bank's on-lending business for small and micro enterprises reached 120 billion yuan, effectively reducing the difficulty of financing for small and micro enterprises.

As of the end of July, the Export-Import Bank's small and micro-enterprise bank on-lending business balance was 120 billion yuan, with an average annual growth rate of 113%, and accumulated credit support to more than 155,000 small and micro enterprises and self-employed individuals.

The so-called bank on-lending business refers to the cooperation between policy banks and commercial banks to combine low-cost policy-based credit resources with the advantages of commercial bank service outlets to drive credit funds to small and micro enterprises. In this way, the availability of low-cost policy financial resources for small and micro enterprises can be improved, and the difficulty of financing for small and micro enterprises can be effectively reduced.

At the same time, the Export-Import Bank is also launching innovative direct loan business, making full use of financial technologies such as big data and mobile internet to complete online approval of loans within one hour. As of the end of July, the Export-Import Bank had issued a total of over 450 million yuan in innovative direct loans.