To implement the spirit of the “Notice of the General Office of the State Council on Issuing the Implementation Plan for Strengthening the Sharing and Application of Credit Information to Promote Financing for Small, Medium, and Micro Enterprises” (State Council General Office Document [2021] No. 52) and the “Notice of the General Office of the Henan Provincial People’s Government on Issuing the Implementation Plan for Strengthening the Sharing and Application of Credit Information to Promote Financing for Small, Medium, and Micro Enterprises in Henan Province” (Henan Provincial Government General Office Document [2022] No. 57),to fully leverage the role of credit information in supporting financing for small, medium, and micro enterprises, effectively address the difficulties and high costs of financing for such enterprises, and in light of the actual conditions of our city, this work plan is hereby formulated.
I. General Requirements
(1) Guiding Principles
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 19th National Congress of the Communist Party of China and its subsequent plenary sessions. In accordance with the decisions and arrangements of the Party Central Committee, the State Council, the Provincial Party Committee, and the Provincial Government regarding the construction of the social credit system, we will focus on resolving the problem of information asymmetry between banks and enterprises. We will actively integrate into the province’s integrated financing credit service system, establish a localized financing credit service system, and promote the comprehensive collection and full sharing of credit information,continuously deepen the application of credit big data, better support financial institutions in product development, credit assessment, and risk management, continuously enrich credit financing products and services, improve the coverage, accessibility, and convenience of loans for SMEs, assist SMEs in overcoming difficulties and achieving development, anchor the “Two Assurances,” align with the “Ten Major Strategies,” drive the in-depth advancement of the city’s social credit system construction, comprehensively enhance the credit environment, and optimize the business environment.
(2) Basic Principles
1. Strengthen coordination and promote synergy. Improve the coordination mechanism for credit information sharing, fully leverage the government’s role in organizational coordination and information integration, accelerate the establishment of a collaborative working mechanism between the government and institutions such as banks, insurance companies, guarantee agencies, and credit service providers, encourage broad participation from social entities, and establish an integrated service mechanism characterized by horizontal and vertical coordination, top-down and bottom-up synergy, and high efficiency and practicality, thereby creating a new framework for citywide financing and credit services.
2. Interconnectivity and Full Sharing. Promote the interconnectivity of financing service platforms across all levels and departments; fully leverage the role of credit information platforms at all levels; collect and share various types of enterprise-related credit information through multiple channels in accordance with laws and regulations; improve the city’s comprehensive financial credit service platform network; accelerate integration into the province’s unified financing credit service system; promote the full integration and sharing of various types of credit information; and reduce financing costs for market entities.
3. Innovative Application and Risk Prevention. Fully leverage technologies such as big data and artificial intelligence to improve the credit evaluation system, innovate credit-based financing products and services, and pioneer shared green finance service functions to facilitate financing channels and enhance the level of financial services. Establish and improve mechanisms for risk identification, monitoring, sharing, and resolution to enhance risk prevention capabilities.
4. Comply with Laws and Regulations to Protect Rights and Interests. Establish information security protection mechanisms, strengthen the classification and categorization of information management, standardize information access permissions and procedures, implement information security protection responsibilities, and prevent information leaks and illegal use. Investigate and punish infringements in accordance with the law, protect trade secrets and personal privacy, and safeguard the legitimate rights and interests of market entities.
II. Building a Localized Credit-Based Financing Service System
(1) Improving the Network of Comprehensive Financial Credit Service Platforms.In accordance with national and provincial requirements for deepening the “Credit-Easy-Loan” initiative to promote a virtuous cycle between the financial sector and the real economy, and using the Xinyang City Comprehensive Financial Credit Service Platform (hereinafter referred to as the municipal “Credit-Easy-Loan” platform) as the vehicle, we will strengthen the sharing of enterprise-related information. Building upon the interconnectivity with the national and Henan Provincial SME Financing Comprehensive Credit Service Platforms, we will establish horizontal connections with the Xinyang branch of the Provincial Financial Services Sharing Platform, the Municipal SME Public Service Platform (Xinhaoban—10,000 People Assisting 10,000 Enterprises Service Platform),the Financial Service Support Platform of the Municipal Public Resource Trading Center, as well as provincial-level industry financing service platforms in Xinyang and relevant platforms of local financial institutions. We will encourage eligible counties and districts to establish financing credit service platforms tailored to local conditions and connect them to the municipal platform. By the end of 2022, we aim to establish a city-wide integrated financing credit service platform network that connects all levels and spans various industries, achieving information sharing and service coordination to form a financing credit service system compliant with provincial unified standards.(Responsible Units: Municipal Development and Reform Commission, Municipal Government Big Data Bureau, Municipal Financial Work Bureau, Municipal Industry and Information Technology Bureau, Municipal Public Resource Trading Center, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, etc.; People’s Governments of all counties and districts; all administrative districts and development zones)
(2) Strengthen the Collection and Integration of Credit Information. Relying on the Municipal Public Credit Information Platform, and in accordance with laws and regulations while ensuring information security, accelerate the collection of information on market entities’ registration, intellectual property, judicial records, tax payments, social insurance and housing provident fund contributions, environmental protection, administrative management, water and gas usage, scientific research and development, financial asset transactions, and public resource transactions. Achieve “full coverage of all relevant data” and break down “data silos.”Market entities are encouraged to supplement and refine their own information through methods such as “voluntary reporting plus credit commitments,” and to facilitate information-sharing channels. In accordance with the Market Credit Information Catalog Guidelines and the Public Credit Information Catalog formulated and issued by Henan Province, strengthen data standardization efforts and promote the effective integration of various types of market entity credit information collected by social institutions with public credit information. Make full use of new-generation information technologies such as cloud computing, blockchain, and big data to establish and improve data governance mechanisms for data verification, monitoring, and tamper-proofing.(Responsible Units: Municipal Development and Reform Commission, Municipal Market Regulation Bureau, Municipal Intermediate People’s Court, Municipal Justice Bureau, Municipal Taxation Bureau, Municipal Human Resources and Social Security Bureau, Municipal Medical Insurance Bureau, Municipal Ecology and Environment Bureau, Municipal Government Big Data Bureau, Municipal Housing and Urban-Rural Development Bureau, Municipal Science and Technology Bureau, Municipal Financial Work Bureau, Municipal Urban Management Bureau, Municipal Public Resources Trading Center, Municipal Agriculture and Rural Affairs Bureau, Water Supply Company, Fudi Gas Company, etc.; People’s Governments of all counties and districts; all administrative districts and development zones)
(3) Promote the Open Sharing of Credit Information. Establish a standardized, efficient, and secure credit information sharing mechanism. Based on practical work requirements, flexibly adopt various methods—such as physical aggregation and system interface calls—to share relevant information.The municipal “Credit-Easy Loan” platform shall, in accordance with the principle of public welfare and in compliance with laws and regulations, provide foundational information to banks, insurance companies, guarantee institutions, credit service providers, and other entities (hereinafter collectively referred to as “connected institutions”). It shall integrate legally disclosed information to form standardized credit reports for querying by connected institutions. Based on the needs of connected institutions, relevant information shall be batch-pushed as required to provide customized financing credit services.For information that should not be disclosed, such as trade secrets, raw detailed data shall not be provided to connected institutions without the authorization of the data subject. Instead, such information may be made available to connected institutions through methods such as joint modeling with data providers or the establishment of “data safe houses.” Provided that the data subject is fully informed of the relevant risks, and upon authorization by the data subject—whether through written authorization or online authorization following real-name registration on the platform—services such as data querying and verification may be provided, thereby achieving the principle of “data being usable but not visible.”(Responsible Units: Municipal Development and Reform Commission, Municipal Government Big Data Bureau, Municipal Financial Work Bureau, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, Municipal Public Resources Trading Center, etc.; People’s Governments of all counties and districts; all administrative zones and development zones)
III. Enhancing Support Capabilities for Financing Credit Services
(4) Improve the credit evaluation system. Diligently implement the Henan Provincial Comprehensive Public Credit Evaluation Measures, strengthen data sharing with the provincial credit platform regarding publicly disclosed information, and explore the establishment of a local credit evaluation system tailored to specific industry sectors and the needs of small, medium, and micro enterprises. Conduct comprehensive credit evaluations of enterprises to provide reference data for connected institutions.Encourage participating institutions to leverage internal and external information resources based on their business characteristics and market positioning to refine credit evaluation models, thereby achieving precise profiling of SMEs. In accordance with laws and regulations, open and share relevant information with local financing credit service platforms and relevant departments. Promote the organic integration of comprehensive public credit evaluations with platform-based credit evaluations to provide credit enhancement services for SMEs.(Responsible Units: Municipal Development and Reform Commission, Municipal Government Big Data Bureau, Municipal Financial Work Bureau, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, Municipal Public Resources Trading Center, etc.; People’s Governments of all counties and districts; all administrative zones and development zones)
(5) Strengthen Financing Credit Service Functions.Improve the functions of the local financing credit service platform, including user registration, information inquiry, credit commitments, credit repair, dispute resolution, and statistical analysis. Innovate and streamline administrative procedures to enhance the platform’s service coverage and convenience. Upgrade the green finance shared service functions of the municipal “Xinyidai” platform, and promote the implementation of green finance tools, green automatic identification systems, specialized risk mitigation mechanisms, financial regulatory services, and green industry funds to support green finance reform and innovation.(Responsible Units: Municipal Development and Reform Commission, Municipal Government Big Data Bureau, Municipal Financial Work Bureau, Municipal Finance Bureau, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, etc.; People’s Governments of all counties and districts; all administrative zones and development zones)
(6) Innovate the application of financing credit services. Leverage the synergistic role of the financing credit service platform with participating institutions and industry associations to expand credit products in sectors such as energy, transportation, logistics, taxation, trade, e-commerce, construction engineering, and domestic services. Innovatively develop credit products tailored to scenarios such as bidding and tendering, government procurement, supply chains, and specialty commercial districts.Encourage participating institutions to provide personalized and customized credit enhancement services in accordance with laws and regulations; promote financial institutions to increase credit resources for small, medium, and micro enterprises; utilize credit information to optimize risk assessment mechanisms; innovate loan renewal methods; increase first-time loans and principal-free loan renewals for small, medium, and micro enterprises; support more small, medium, and micro enterprises in obtaining unsecured loans; and reduce reliance on collateral and guarantees.We will continue to improve the “whitelist” mechanism for corporate financing. In accordance with laws and regulations, we will guide financial institutions to follow the principles of independent loan approval and self-assumed risk when offering preferential credit policies to “whitelist” enterprises. We will explore how supply chain finance can empower credit-based financing, promote the transmission of core enterprises’ credit influence to SMEs, and facilitate the sharing of financing credit information among upstream and downstream enterprises in the supply chain.(Responsible Units: Municipal Development and Reform Commission, Municipal Government Big Data Bureau, Municipal Financial Work Bureau, Municipal Finance Bureau, Municipal Federation of Industry and Commerce, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, Municipal Bureau of Industry and Information Technology, Municipal Public Resources Trading Center, etc.; People’s Governments of all counties and districts; all administrative districts and development zones)
IV. Improve Support and Guarantee Policy Mechanisms
(7) Regularly conduct government-bank-enterprise matching activities. Organize government-bank-enterprise matching activities on a regular basis that combine comprehensive and thematic sessions at the municipal, county, and district levels, as well as online and offline formats. Actively participate in provincial-level bank-enterprise matching activities. Establish a system for reporting on the status of bank-enterprise matching activities and tracking signed agreements, conduct regular follow-up analysis, and coordinate the resolution of existing issues. Organize and promote financial institutions to improve their internal coordination mechanisms to ensure the effectiveness of matching efforts and continuously improve the financing conditions for SMEs and micro-enterprises.(Responsible Units: Municipal Financial Work Bureau, Municipal Development and Reform Commission, Municipal Industry and Information Technology Bureau, Municipal Government Big Data Bureau, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, People’s Governments of all counties and districts, all administrative zones and development zones)
(8) Establish a risk mitigation mechanism. Strengthen the coordination of risk compensation policies across the provincial, municipal, and county levels. Accelerate the establishment of a municipal-level risk mitigation fund or risk compensation fund. Establish a market-oriented risk-sharing and compensation mechanism for credit loans to SMEs and micro-enterprises. Encourage eligible jurisdictions to explore various risk mitigation measures tailored to local conditions. Actively coordinate with the National Financing Guarantee Fund and provincial-level re-guarantee institutions to enhance the credit enhancement capabilities of government-backed financing guarantee institutions and improve the government-backed financing guarantee system.(Responsible Units: Municipal Finance Bureau, Municipal Financial Work Bureau, People’s Governments of all counties and districts, and all administrative districts and development zones)
(9) Establish a Monitoring and Governance Mechanism. Establish a long-term mechanism for monitoring SME financing. Adopt a problem-oriented approach to understand the financing and financial service conditions of SMEs, strengthen tracking analysis and dynamic assessment, and effectively alleviate issues such as difficulty in obtaining financing and high financing costs.Municipal financing platforms such as “Xinyidai” shall strengthen dynamic monitoring of the credit status of borrowing enterprises and credit risks after loan disbursement, analyze and assess potential risks, and promptly notify relevant institutions. Relying on these platforms, explore the establishment of “online notarization” and “online arbitration” mechanisms for SME loans, as well as financial internet courts, to efficiently resolve financial disputes. For acts such as malicious debt evasion that are legally identified, implement joint disciplinary measures in accordance with laws and regulations.(Responsible Units: Municipal Development and Reform Commission, Municipal Intermediate People’s Court, Municipal Financial Work Bureau, Municipal Government Big Data Bureau, Municipal Finance Bureau, Xinyang Branch of the China Banking and Insurance Regulatory Commission, Xinyang Central Sub-branch of the People’s Bank of China, Municipal Bureau of Industry and Information Technology, Municipal Public Resources Trading Center, etc.; People’s Governments of all counties and districts; all administrative districts and development zones)
V. Strengthening Support Measures to Ensure Implementation
(10) Strengthen overall coordination and work supervision. Fully leverage the role of the Municipal Leading Group for Social Credit System Construction, establish a work coordination mechanism, enhance the collection and sharing of financing-related information in key sectors, and ensure seamless integration with the national and Henan Provincial Comprehensive Credit Service Platforms for SME Financing. Establish a reporting and evaluation mechanism, and intensify the assessment of key indicators such as credit information collection, the scale of credit loans, the coverage rate of registered small, medium, and micro enterprises, and the proportion of such enterprises that have obtained loans.The Municipal Financial Work Bureau, the Xinyang Branch of the China Banking and Insurance Regulatory Commission, and the Xinyang Central Sub-branch of the People’s Bank of China shall supervise and manage the relevant financial institutions and financial operations in accordance with laws and regulations. They shall regularly evaluate financial institutions based on indicators such as the scale and growth rate of credit loans disbursed, and provide incentives and commendations to those with outstanding performance in accordance with relevant regulations.All relevant departments and units shall accelerate the interconnection of information systems within their respective fields with the financing credit service platform to promote the sharing and application of credit information. All counties and districts shall intensify their efforts to establish local financing credit service platforms in accordance with the requirements of this plan or ensure seamless integration with the municipal platform, and carry out work related to the sharing and application of credit information within their administrative regions. The Municipal Government’s Special Inspection Team shall strengthen follow-up supervision to ensure the implementation of these tasks.
(11) Strengthen Information Security Protection. The lead departments for social credit system construction at all levels shall guide financing credit service platforms within their administrative regions to strengthen information security and the protection of data subjects’ rights, and shall urge the platforms’ competent authorities and construction/operating entities to fulfill their primary responsibilities. All types of financing credit service platforms shall establish systems for the graded and categorized management and use of information. They may define the scope of sharing and standardize information usage by entering into data-sharing agreements or credit commitment letters with connected institutions.Connected institutions must strengthen internal information security management, strictly comply with laws, regulations, and the information management requirements of financing credit service platforms, and must not arbitrarily alter the purpose or scope of use of the information obtained. Data subjects have the right to query all information about themselves on financing credit service platforms free of charge and may file objections, appeals, and credit repair applications in accordance with relevant regulations. Information involving trade secrets or personal privacy must not be disclosed to external parties without being de-identified or without the explicit authorization of the data subject; credit information must not be disseminated, leaked, or sold in violation of the law.
(12) Strengthen Public Outreach and Guidance.All levels of government and relevant departments shall fully utilize publicity channels to comprehensively and accurately interpret policies through initiatives such as the “10,000 People Assisting 10,000 Enterprises” campaign, the “Three Batches” initiative, government-bank-enterprise coordination meetings, and press conferences. They shall widely publicize the role of credit information sharing in alleviating financing difficulties for small, medium, and micro enterprises and reducing overall financing costs, along with typical case studies. Promotional booths shall be set up at administrative service centers, government service counters for enterprises, specialized markets, and other venues to enhance policy awareness and expand service coverage.Connected institutions shall fully mobilize resources from inclusive finance, technology, and operations to conduct promotional activities both online and offline. They shall promptly provide explanations regarding platform registration channels, usage methods, and financial products to ensure the effectiveness of application promotion. Efforts shall be made to actively establish demonstration zones, demonstration banks, and demonstration platforms for strengthening the application of credit information sharing to facilitate financing for SMEs and micro-enterprises, thereby fostering a strong atmosphere and promoting advanced practices.
The work on the sharing and application of credit information for individual business operators, farmers’ professional cooperatives, and rural collective economic organizations shall be carried out in accordance with this plan.
