Shandong Finance continued to increase its support for micro, small and medium-sized enterprises. Shandong province organized a special campaign to support the development of individual businesses under the theme of "Making Concerted Efforts to Help Businesses and Benefit the People", and supported 305,000 high-quality small and micro enterprises to connect with financial institutions. In response to the problem of "difficulty in first loaning", we continued to deepen the "first loan cultivation" action, and successfully cultivated more than 100,000 first loan households throughout the year, a year-on-year increase of more than 20%. In response to the high cost of foreign exchange losses for foreign-related enterprises, 1,724 small, medium and micro enterprises were urged to sign contracts of US$4.42 billion in foreign exchange derivatives, and commercial banks were instructed to reduce or exempt more than US$15 million in deposits for small, medium and micro enterprises.
Focusing on the reduction of financial fees and profits, the Jinan Branch of the People's Bank of China instructed banking institutions to reduce loan interest rates, reducing and exempting various payment service fees by 150 million yuan for small, medium and micro enterprises throughout the year; promoting a cross-border financial service platform to help more than 800 foreign-related enterprises to achieve cross-border financing, with an average financing rate down about 1.5 percentage points.
This year, Jinan Branch of the People's Bank of China will continue to increase precision drip irrigation and precision support, and further improve the transmission efficiency of financial control policies, implement the new inclusive small and micro loan support tool launched by the People's Bank of China Head Office, earnestly implement the "specialized, special and new" micro, small and medium-sized enterprise cultivation credit support plan, carry out in-depth bank-enterprise connection activities such as the special action of financial assistance to enterprises and business, vigorously develop supply chain financing around the layout of the province's "chain length system", and guide financial institutions to effectively increase support for micro, small and medium-sized enterprises.