The Financial Regulatory General Administration adjusts requirements for financial services to small and micro enterprises, cancels loan growth targets, and improves the quality of credit assets.

ME News, May 20 (UTC+8): The National Financial Regulatory Administration has recently issued the “Notice on Doing a Good Job in Financial Services for Small and Micro Enterprises in 2026.” Industry experts say that one major highlight of the Notice is that it will no longer set requirements for loan growth rates; instead, it places greater emphasis on optimizing credit structure and promoting the sustainable development of business, which is expected to drive small and micro enterprise financial services to shift from a “scale-driven” approach to “quality first.”

In analyzing why the Notice cancels the loan growth-rate requirements, Dong Ximiao, Chief Economist of Zhaolian, believes this is mainly because inclusive lending to small and micro enterprises has been growing relatively quickly. Continuing to set growth-rate requirements and strongly pushing for scale expansion may lead to distorted behavior and an accumulation of risks, thereby affecting the sustainable development of small and micro financial services. Dong Ximiao expects that in the future, financial institutions will further strengthen financial services for technology- and innovation-driven small and micro enterprises, innovate and optimize financial products in the consumer sector, and enhance financial services for foreign trade enterprises.

Financial institutions will also treat private enterprises equally by providing credit services to them, and they must not set differential conditions based on ownership. (Source: Jin10)