Implementation Opinions of the State Council on Promoting the High-quality Development of Inclusive Finance

The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions under the State Council, and agencies directly under the State Council:

　　In recent years, all regions and departments have earnestly implemented the decision-making and deployment of the Party Central Committee and the State Council, promoted the development of inclusive finance in China and made great progress, the coverage, availability and satisfaction of financial services have been significantly improved, and the basic realization of township institutions, village services, household accounts, mobile payment, digital credit and other businesses have developed rapidly, and the level of financial services in the fields of small and micro enterprises and "three rural areas" has been continuously improved. Under the new situation, the development of inclusive finance still faces many problems and challenges, and there is still a big gap between it and the goal of building a modern socialist country in an all-round way. In order to build a high-level inclusive financial system and further promote the high-quality development of inclusive finance, the following opinions are put forward.

　　1. General requirements

　　(1) Guiding ideology

　　Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, deeply implement the spirit of the 20th National Congress of the Communist Party of China, conscientiously implement the decision-making and deployment of the Party Central Committee and the State Council, firmly grasp the political and people's nature of financial work, complete, accurate and comprehensive implementation of the new development concept, deepen the structural reform of the financial supply side, promote the high-quality development of inclusive finance, improve the ability to serve the real economy, prevent and resolve various financial risks, and promote the common prosperity of all the people.

　　(2) Basic principles

　　-- Upholding the party's leadership.Persist in strengthening the overall leadership of the Party and the centralized and unified leadership of the Party Central Committee, give full play to the advantages of the socialist system with Chinese characteristics, further give play to the role of Party organizations at all levels, and provide a strong political and organizational guarantee for the high-quality development of inclusive finance.

　　– Upholding the supremacy of the people.Firmly establish the people-centered development thinking, adhere to the development of inclusive finance for the people, rely on the people, and share the results by the people. Always take the people's yearning for a better life as the direction of inclusive financial development, consciously assume the responsibility and mission of benefiting the people and benefiting the people, and effectively enhance the people's sense of access to financial services.

　　– Persisting in policy guidance.Further clarify the responsibilities of governments at all levels, strengthen planning guidance, and increase the tilt of policies and resources. Adhere to administration according to law, optimize the business environment, and maintain market order. Improve infrastructure, institutional rules and grassroots governance, and promote the modernization of inclusive financial governance capabilities.

　　– Persisting in reform and innovation.Adhere to the principles of marketization and rule of law, follow financial laws, and actively and steadily explore affordable and commercially sustainable inclusive financial development models. Continue to deepen reform, break down institutional barriers, and strengthen scientific and technological empowerment. Strengthen international exchanges and cooperation, and promote high-quality development with high-level opening-up.

　　– Persisting in safe development.Adhere to bottom-line thinking, coordinate development and security, and strengthen and improve modern financial supervision. Resolutely crack down on illegal financial activities, focus on preventing and resolving risks of small and medium-sized financial institutions, strengthen the financial stability guarantee system, and guard the bottom line of not occurring systemic financial risks. Advocate the concept of responsible finance and effectively protect the legitimate rights and interests of financial consumers.

　　(3) Main objectives

　　In the next five years, a high-quality inclusive financial system will be basically completed. The availability of financial services in key areas has been improved, the supply-side structural reform of inclusive finance has taken new steps, the financial infrastructure and development environment have been improved, new results have been achieved in preventing and resolving financial risks, and inclusive finance has promoted common prosperity to a new level.

　　-- Basic financial services are becoming more popular.The banking industry continues to consolidate the existence of institutions in townships and townships, and services in villages and villages, and insurance services have basically achieved full coverage in townships and towns. The efficiency and guarantee capabilities of basic financial services have been significantly improved, and the level of digital services has been significantly improved.

　　-- The financing of business entities is more convenient.The availability of financing for small and micro enterprises, individual industrial and commercial enterprises, farmers and new agricultural business entities has continued to improve, the credit product system has become more abundant, the number of credit accounts has increased significantly, and the long-term mechanism of daring, willing to lend, able and meeting loans has been basically constructed. The proportion of direct financing for small and micro enterprises has increased significantly, and financial support for scientific and technological innovation of small and micro enterprises has been further increased. The capacity of the modern industrial system of financial services has been continuously enhanced.

　　-- Financial support for rural revitalization has become more powerful.The rural financial service system is more sound. Financial support for rural infrastructure and public services continues to increase. Financial services for new citizens, such as agricultural migrants and population transfers, have been deepened. The agricultural insurance coverage and security level of the three major grain crops have been further improved. New-type agricultural business entities have basically achieved full coverage of credit file ratings. Microcredit for poverty alleviation households should provide full loans to eligible poverty alleviation households, helping to consolidate and expand the achievements of poverty alleviation and effectively link rural revitalization.

　　-- The education and protection mechanism for financial consumers has been improved.The popularization of financial knowledge has been significantly improved, and the ability of the people and business entities to choose suitable financial products and their awareness of risk responsibility has been significantly enhanced. The ease of use, security, and age-appropriateness of digital inclusive financial products continue to improve, and the problem of "digital divide" has been further alleviated. The protection system for the rights and interests of financial consumers has been further improved, and acts infringing on the rights and interests of financial consumers have been promptly investigated and dealt with.

　　– Financial risk prevention and control are more effective.The risk prevention and control capabilities of key institutions such as small and medium-sized financial institutions and key areas have been continuously improved, and the risk monitoring, early warning, and resolution and disposal mechanisms have been continuously improved. Digital platform risks are effectively identified and prevented. Illegal financial activities have been effectively curbed. The financial stability guarantee mechanism has been further improved.

　　– The supporting mechanism for inclusive finance has been further improved.The inclusiveness and transparency of the basic platform for inclusive finance have been continuously improved, and the credit information sharing platform in key areas has been basically completed. The supporting legal system system has been further improved, a credit environment for creditworthy performance has basically taken shape, and the risk sharing compensation mechanism has been gradually optimized. The evaluation index system for the high-quality development of inclusive finance is basically sound.

　　2. Optimize products and services in key areas of inclusive finance

　　(4) Support the sustainable development of small and micro business entities.Financial institutions are encouraged to develop products and services that meet the production and operation characteristics and development needs of small and micro enterprises and individual industrial and commercial enterprises, and increase the investment of first loans, renewal loans, credit loans, and medium and long-term loans. Establish and improve the professional mechanism for scientific and technological innovation of small and micro enterprises in financial services, and increase support for small and micro enterprises in specialized, specialized, new, and strategic emerging industries. Optimize financial services for small and micro enterprises in the manufacturing industry, and strengthen financial support for equipment upgrading and technological transformation. Strengthen financial support for small and micro enterprises in the circulation sector. Standardize the development of small and micro enterprises' supply chain bills, accounts receivable, inventory, warehouse receipts and order financing. Expand IP pledge financing services for small and micro enterprises. Encourage trade financing and export credit insurance business, and increase support for small and micro foreign trade enterprises.

　　(5) Assist in the effective implementation of the national strategy for rural revitalization.Improve the rural financial service system. Do a good job in microcredit for people who have been lifted out of poverty during the transition period, increase credit investment and insurance guarantees for key counties for national rural revitalization, and help enhance the endogenous development momentum of poverty alleviation areas and people. Strengthen financial support for rural industrial development, cultural prosperity, ecological protection, urban-rural integration and other fields. Improve the level of financial services for farmers, groups returning to rural areas, and new agricultural business entities, effectively meet the financial needs of new citizens such as agricultural migrants, and continue to increase the number of first-time lenders. Increase financial protection for all links and entities of food production. Strengthen medium- and long-term credit support for agricultural and rural infrastructure construction. Expand financing channels for agriculture-related entities, and steadily promote rural contracted land management rights, collective operation construction land use rights, and forest right mortgage loans. Actively explore and carry out mortgage loans for agriculture-related assets such as live poultry and livestock, breeding enclosures, agricultural machinery, and greenhouse facilities. Develop agricultural supply chain finance, focusing on supporting county-wide advantageous characteristic industries.

　　(6) Improve the quality of financial services in the field of people's livelihood.Reform and improve the investment and financing system in the social field, and accelerate the promotion of social undertakings to make up for shortcomings. Implement the policy of guaranteed loans for entrepreneurship and improve the convenience of loans. Promote the expansion of women's entrepreneurship loans. Support financial institutions to enrich financial products such as college student education assistance and entrepreneurship under the premise of legal compliance and controllable risks. Improve age-friendly financial products and services, and strengthen financial support for elderly care services, medical and health service industries and projects. Support the development of savings, wealth management, insurance, funds and other products with pension attributes. Trust companies are encouraged to develop trust products in the field of old-age care. Pay attention to strengthening human, remote, and door-to-door services for the elderly and disabled groups, improve barrier-free service facilities, and improve the convenience of special groups to enjoy financial services. Actively develop and implement financial standards around age-appropriate, barrier-free financial services, and rare word processing.

　　(7) Give play to the role of inclusive finance in supporting green and low-carbon development.Integrate green and low-carbon development goals into services in key areas of inclusive finance. Guide financial institutions to support the green transformation of small and micro enterprises, agricultural enterprises, farmers' technological upgrading and pollution control, and other production and operation methods. Explore the development of green financial products that meet the operating characteristics of small and micro enterprises, and promote the development of green ecological agriculture, the comprehensive development of agricultural resources and the governance of rural ecological environment. Support green production such as agricultural loose coal treatment, support rural green consumption such as low-carbon agricultural housing construction and transformation, clean cooking utensils and bathrooms, new energy vehicles, clean heating transformation, support green smart home appliances to go to the countryside and trade in old ones, and promote the green transformation of urban and rural residents' lifestyles. Enrich the green insurance service system.

　　3. Improve the organizational system of multi-level inclusive financial institutions

　　(8) Guide all types of banking institutions to adhere to their positioning and healthy competition.Promote all kinds of banking institutions to establish and improve long-term mechanisms for daring, willing, able and meeting loans. Guide large banks and joint-stock banks to further deepen and support internal mechanisms such as assessment incentives and resource preferences for small and micro business entities and rural revitalization, and improve the inclusive financial service mechanism of branches. Promote local corporate banks to adhere to the local positioning, focus on supporting agriculture and supporting small businesses, improve professional inclusive financial operation mechanisms, improve governance capabilities, and improve service methods. Optimize the on-lending business model of policy-oriented and developmental banks in the field of inclusive finance, improve the level of refined management, explore the risk sharing mechanism of cooperative banks, and steadily carry out direct loan business such as small and micro enterprises based on functional positioning.

　　(9) Give play to the complementary role of other types of institutions.Give full play to the advantages of microfinance companies in flexibility, convenience, small amount and decentralization, highlight the specialized and characteristic service functions of consumer finance companies, and improve the efficiency of inclusive financial services. Guide financing guarantee institutions to expand the scale of small businesses supporting agriculture and supporting agriculture, standardize fees, and lower the threshold. Support financial leasing and financial leasing companies to help small and micro enterprises and agriculture-related enterprises revitalize equipment assets and promote innovation and upgrading. Guide local financial organizations such as commercial factoring companies and pawnshops to focus on their main business and better serve the key areas of inclusive finance.

　　4. Improve the high-quality inclusive insurance system

　　(10) Establish a high-quality service system for agricultural insurance.Promote the "expansion, increase of products, and upgrading of standards" of agricultural insurance. Expand the scope of full cost insurance and planting income insurance for the three major grain crops of rice, wheat and corn. Implement the central financial incentive policy, and encourage the development of local advantageous and characteristic agricultural product insurance in accordance with local conditions. Explore the development of new types of insurance such as income insurance and meteorological index insurance. Promote the pilot of electronic agricultural insurance underwriting claims, optimize the agricultural insurance underwriting claims business system, and further improve the efficiency of underwriting claims services. Give play to the role of agricultural insurance in disaster prevention and mitigation and post-disaster claims settlement.

　　(11) Give play to the role of inclusive life insurance in protecting people's livelihood.Actively develop inclusive life insurance business for the elderly, farmers, new citizens, low-income people, disabled people and other groups, and expand coverage. Improve the operational mechanism for commercial insurance institutions to undertake serious illness insurance for urban and rural residents, and improve service capabilities. Actively develop commercial medical insurance. Encourage the development of health insurance business for county residents, expand the coverage of county areas, and expand the content of protection. Support commercial insurance companies to develop accident insurance and term life insurance business for farmers in accordance with local conditions, and improve farmers' ability to resist risks.

　　(12) Support the diversified pension needs of insurance services.Encourage insurance companies to develop various commercial endowment insurance products to effectively meet the long-term needs of enterprise (occupational) annuities, third pillar endowment insurance participants and consumers of other financial products. Explore and develop various types of commercial endowment annuity insurance products with simple insurance, flexible payment, stable income and diverse income forms. On the basis of effective risk isolation, support insurance companies to participate in the construction of the elderly care service system in an appropriate way, and explore the effective connection of long-term care and risk protection with institutional pension and community elderly care services.

　　5. Improve the efficiency of inclusive finance in capital market services

　　(13) Expand direct financing channels for business entities.Improve the function of the capital market, improve the differentiated institutional arrangements of the multi-level capital market, adapt to the financing needs of small and micro enterprises at all stages of development and all types, especially science and technology enterprises, and increase the proportion of direct financing. Optimize the financing mechanism and M&A and restructuring mechanism of the New Third Board to improve the efficiency of serving small and micro enterprises. Improve regional equity market systems and business pilots, and broaden financing channels for small and micro enterprises. Improve the mechanism of "fundraising, investment, management and withdrawal" for private equity and venture capital funds, and encourage early investment, small investment, science and technology, and agriculture. Give full play to the role of government investment funds such as the National Small and Medium-sized Enterprise Development Fund, and guide venture capital institutions to increase support for small and micro enterprises at the seed stage and start-up stage. Encourage enterprises to issue special debt financing tools for innovation and entrepreneurship. Optimize the monitoring mechanism for the issuance of corporate bonds and the flow of funds in the fields of small and micro enterprises, "three rural areas" and scientific and technological innovation, and effectively reduce financing costs.

　　(14) Enrich the ways in which the capital market serves agriculture-related entities.Support qualified agricultural-related enterprises, enterprises in underdeveloped areas and ethnic minority areas to use multi-level capital markets for direct financing, mergers and acquisitions and reorganization. For enterprises in poverty alleviation areas, the preferential policy for initial listing will continue to be applied for a certain period of time, and explore the linkage between the support policy and the reform of the stock issuance registration system. Optimize "insurance + futures", support the development of agricultural futures and options products, and better meet the price discovery and risk management needs of agriculture-related business entities.

　　(15) Meet residents' diversified asset management needs.Enrich the types of fund products to meet the growing demand of residents for asset management, especially equity investment. Build a wealth management product and service system with complete categories, rich strategies and clear levels, and broaden the channels of residents' property income. Establish a unified inquiry platform for public fund account quota information to facilitate investors to inquire about fund investment information in a centralized manner.

　　6. Orderly advance the development of digital inclusive finance

　　(16) Improve the level of inclusive financial technology.Strengthen technology to empower inclusive finance, support financial institutions to deepen the use of the Internet, big data, artificial intelligence, blockchain and other scientific and technological means, optimize inclusive financial service models, improve credit approval and risk management models, and improve the availability and quality of financial services such as small and micro enterprises, individual industrial and commercial enterprises, and agriculture-related entities. Promote the development of Internet insurance standards, enhance online underwriting and claims settlement capabilities, and improve insurance service levels through digital and intelligent operations. Explore regional equity market blockchain construction pilots in a sound and orderly manner to improve service efficiency and security management levels.

　　(17) Create a healthy digital inclusive financial ecosystem.Support financial institutions to rely on digital channels to connect scenarios, and provide high-quality inclusive financial services in small and micro enterprises, "three rural areas", people's livelihood and other fields. On the premise of ensuring data security, financial institutions are encouraged to explore information coordination with small and micro enterprises, core enterprises, logistics and warehousing and other supply chain parties to improve the efficiency of key groups of inclusive finance in supply chain financial services. Encourage the organic combination of digital government affairs, smart government affairs and digital inclusive finance, promote more convenient financial services closely related to daily life, and ensure the daily use of cash by the people. Steadily promote the pilot research and development of digital RMB. Effectively play the role of industry self-discipline in the field of digital inclusive finance.

　　(18) Improve the regulatory system for digital inclusive finance.Fully incorporate digital inclusive finance into supervision, and adhere to the development of digital business under the premise of prudent supervision. Regulate the development of basic financial service platforms, strengthen anti-monopoly and anti-unfair competition, and regulate and guide the healthy development of capital in accordance with law. Improve the supervision capacity of digital inclusive finance, and establish and improve risk monitoring, prevention and disposal mechanisms. Strictly investigate and deal with illegal handling of citizens' information and other illegal and criminal activities. Actively play the role of the pilot mechanism of financial technology supervision to improve the level of smart supervision. Accelerate the establishment of Internet courts and financial courts, and provide judicial safeguards for resolving disputes in the inclusive financial sector.

　　7. Strive to prevent and resolve financial risks in key areas

　　(19) Accelerate the reform of small and medium-sized banks.Adhere to early identification, early warning, early detection, and early disposal, establish and improve risk early warning response mechanisms, and strengthen risk monitoring by urban commercial banks, rural commercial banks, rural credit cooperatives, village and town banks, and so on. Formulate reform and risk reduction plans for small and medium-sized banks at the provincial level. Focus on changing the responsibilities of provincial associations, and accelerate the reform of rural credit cooperatives. In accordance with the principles of marketization and rule of law, steadily promote the structural restructuring of village and town banks. Increase efforts to dispose of non-performing assets, promote the implementation of support policies for the disposal of non-performing loans as soon as possible, and supplement the capital of small and medium-sized banks through multiple channels. Strictly restrict and regulate the cross-regional operation of small and medium-sized banks. Consolidate the main responsibilities of financial institutions and their shareholders, and consolidate the responsibilities of local governments, financial regulators, industry supervisors and other parties. Establish a normalized risk disposal mechanism for high-risk institutions, explore hierarchical and categorical disposal models, and effectively give play to the role of deposit insurance funds and financial stability guarantee funds.

　　(20) Improve the governance mechanism of small and medium-sized banks.Promote the deep integration of party leadership and corporate governance, build a concise and practical corporate governance structure that conforms to the reality of small and medium-sized banks, and establish and improve prudent and compliant operations, strict capital management and incentive and constraint mechanisms. Strengthen equity management, strengthen penetrating review, and strictly investigate and deal with violations of laws and regulations such as false capital contributions and circular capital injection. Strictly restrict the behavior of major shareholders, and strictly prohibit illegal related party transactions. Actively cultivate a market of professional managers, improve the executive selection mechanism, select and hire directors, supervisors and senior executives of small and medium-sized banks in an open, transparent and market-oriented manner, and enhance the professional quality and professional ability of senior executives. Improve market punishment mechanisms for small and medium-sized banks that violate laws and regulations. Consolidate the responsibilities of the main sponsor bank of village and town banks, increase the shareholding ratio, strengthen the willingness to perform their duties, do a good job in support, service and supervision, and establish a clear governance structure with clear responsibilities led by the main sponsor bank. Improve the working mechanism for the two-way connection between administrative supervision and criminal justice involving small and medium-sized banks.

　　(21) Resolutely crack down on illegal financial activities.All types of financial activities shall be included in the supervision in accordance with the law. Resolutely ban illegal financial institutions and seriously investigate and deal with illegal financial operations. Strictly crack down on illegal and criminal activities carried out in the name of inclusive finance, and effectively maintain the order of the financial market and the overall social stability. Improve the monitoring and early warning system for illegal financial activities, and improve the ability to prevent and treat it early, and deal with it accurately. Strengthen the full-chain working mechanism of precaution, in-event supervision, and post-event disposal, and accelerate the formation of a systematic governance pattern that combines prevention and crackdown, comprehensive measures, joint management, and both symptoms and root causes.

　　8. Strengthen financial literacy and consumer protection

　　(22) Improve the public's financial literacy and financial capabilities.Improve the multi-department coordination mechanism for financial knowledge popularization, and widely carry out financial knowledge popularization activities. Steadily build financial education bases and investor education bases, and promote the inclusion of financial knowledge into the national education system. Cultivate the concept of financial management throughout the life cycle, and cultivate the ability of consumers and investors to choose appropriate financial products. Organize education and training for key groups such as farmers, new citizens, small and micro business owners, individual industrial and commercial enterprises, low-income populations, the elderly, and the disabled, improve the ability to use digital financial products, and enhance awareness of personal information protection. Cultivate the spirit of contract and integrity awareness, and advocate the correct assessment and assumption of their own risks.

　　(23) Complete systems for protecting the rights and interests of financial consumers.Supervise and urge financial institutions to strengthen the establishment of systems and mechanisms for the protection of consumer rights and interests, strengthen the control of the whole process of consumer rights protection, and earnestly perform information disclosure obligations. Explore the construction of regulations on the appropriateness of the sale of financial products, and research and formulate a retrospective regulatory system for the sales behavior of financial institutions. Clear channels for financial consumer complaints, and establish and improve diversified resolution mechanisms for financial disputes. Organize and carry out financial institutions' assessment and evaluation of the protection of financial consumers' rights and interests, increase the intensity of regulatory disclosure and notification, and advance the establishment of cooperative mechanisms for supervision and law enforcement on the protection of financial consumers' rights and interests. Strengthen the governance of financial advertising and strengthen industry self-discipline.

　　9. Improve the level of inclusive finance and the rule of law

　　(24) Improve laws and regulations related to inclusive finance.Promote the revision of laws such as the People's Bank of China Law, the Banking Supervision and Administration Law, the Commercial Banking Law, and the Insurance Law, promote the acceleration of the introduction of the Financial Stability Law, formulate local financial supervision and management regulations and other regulations, and clarify the strategic orientation and regulatory responsibilities of inclusive finance. Accelerate the promotion of special legislation on the protection of the rights and interests of financial consumers, improve the operation and supervision of new business formats such as digital inclusive finance, and actively promote the construction of the rule of law to prevent and resolve financial risks.

　　(25) Accelerate the completion of rules and regulatory shortcomings.Improve the supervision and regulation of microfinance companies, financing guarantee companies, pawnshops, financial leasing companies, commercial factoring companies, and Internet insurance businesses. Explore and expand judicial paths for more convenient disposal of non-performing assets in key areas of inclusive finance. Establish and improve the regulatory system and rules for new formats and new products in the field of inclusive finance. Accelerate the completion of the shortcomings of the accountability system for risk prevention and early warning. For areas where systems have not yet been promulgated, in accordance with the spirit of legislation, use rule of law thinking and methods to carry out supervision and supervision, and safeguard the lawful rights and interests of the people.

　　10. Strengthen policy guidance and governance coordination

　　(xxvi) Optimize the inclusive financial policy system.Give play to the role of monetary and credit policies, fiscal and taxation policies, regulatory policies, industrial policies and other incentives and constraints. Dynamically adjust policies according to the economic cycle and macro environment, distinguish between short-term incentives and long-term mechanisms, and improve the mechanism for smooth exit of short-term policies and the feedback mechanism for long-term policy evaluation. Strengthen interdepartmental coordination and promote mutual recognition and interoperability of various policy assessment standards.

　　(xxvii) Strengthen monetary policy guidance.Use policy tools such as re-lending, rediscounting, differentiated reserve ratios, and macro-prudential assessment to guide the expansion of inclusive financial business coverage. Deepen the market-oriented reform of interest rates, smooth the interest rate transmission mechanism, and better play the role of supporting and promoting inclusive finance.

　　(28) Improve differentiated regulatory policies.Regularly carry out the supervision and evaluation of financial services for small and micro enterprises of commercial banks and the assessment and evaluation of rural revitalization services of financial institutions, and strengthen the use of results. Optimize inclusive financial regulatory assessment indicators, loan risk weight, non-performing loan tolerance and other regulatory systems, improve differentiated regulatory incentive systems, and guide financial resources to tilt towards key areas and weak links.

　　(29) Make good use of fiscal and taxation policy support tools.Optimize the policy tools for fiscal support for inclusive financial development, improve the efficiency of the use of special funds for inclusive financial development, and implement the central financial support for inclusive financial development demonstration zone incentive and subsidy policies. Implement a management system for the write-off of bad debts of financial enterprises, and improve the efficiency of disposal of non-performing loans in the inclusive financial sector. Implement the value-added tax exemption policy for loan interest income from key groups of inclusive finance, such as small and micro enterprises, individual industrial and commercial enterprises, and farmers.

　　(30) Actively participate in inclusive financial global governance.Promote the opening up of the field of inclusive finance, and deepen exchanges and cooperation with international organizations and multilateral mechanisms such as the G20 Global Partnership for Inclusive Finance, the World Bank, the Inclusive Finance Alliance, and the International Financial Consumer Protection Organization. Strengthen inclusive financial supervision cooperation with international financial regulatory organizations such as the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. Actively carry out inclusive financial cooperation with other countries and regions and strengthen mutual learning of international experience. Deeply participate in and actively promote the formulation of international rules related to inclusive finance.

　　11. Optimize the environment for inclusive financial development

　　(31) Complete mechanisms for sharing credit information in key areas of inclusive finance.Strengthen the top-level design of credit information aggregation and sharing application systems, lawfully completing mechanisms for information aggregation, sharing, inquiry, and docking, as well as relevant standards, to ensure data security. Promote the "credit loan" model, effectively use the national comprehensive credit service platform for small and medium-sized enterprise financing, give full play to the role of local governments, establish and improve local financing credit service platforms, and strengthen the sharing of information on key groups such as small and micro enterprises, individual industrial and commercial enterprises, farmers, and new agricultural business entities. Deepen "bank-tax interaction" and "bank-business cooperation" to improve the efficiency of information sharing. Expand the scope of information collection in the basic financial credit information database in accordance with laws and regulations. Give better play to the role of local credit investigation platforms, improve market-oriented operation models, and expand the coverage of information services for financial institutions and key inclusive financial groups in the region.

　　(32) Strengthen the establishment of a rural payment environment and a social credit environment.Continue to promote the construction of a rural payment environment, and consolidate and standardize bank card assistance to farmers withdrawing money. Promote the popularization and application of emerging payment methods such as mobile payment, and guide the mobile payment convenience project to sink into rural areas. Clear channels for grassroots party and government organizations and social organizations to participate in the establishment of a credit environment, carry out the establishment of a rural credit system in conjunction with rural governance, and expand the coverage and application scenarios of rural households' credit archives. Accelerate the establishment of a new type of credit system for agricultural business entities. Establish and complete systems for restraints on untrustworthiness in accordance with laws and regulations, strengthen credit education, and optimize the credit ecological environment.

　　(xxxiii) Optimize inclusive financial risk sharing compensation mechanisms.Deepen the construction of the government financing guarantee system, implement the performance evaluation mechanism of government financing guarantee institutions, adhere to the principle of capital preservation and low profits, and strengthen the positive incentive of supporting agriculture and supporting small businesses. Effectively give play to the role of the national financing guarantee fund, the national agricultural credit guarantee system and local government reguarantee institutions, promote cooperation in "head-to-total" batch guarantee business of banks, and steadily expand the scale of reguarantee business. Encourage localities with the capacity to explore the establishment and improvement of risk compensation mechanisms for agriculture-related loans and loans for small and micro enterprises.

　　(34) Accelerate the construction of basic platforms for financing registration.Improve the unified registration system for movable property and security of rights, and expand the construction and application of the unified registration and publicity system for movable property financing. Optimize the functions of the intellectual property pledge information platform, and improve the intellectual property assessment, registration, and circulation system. Improve the service quality and efficiency of the accounts receivable financing service platform. Improve the establishment of systems and mechanisms for the transfer, mortgage, and registration of rural property rights. Continue to promote the extension of real estate registration to banking financial institutions, providing one-stop services for financing, on-lending, renewal, extension and mortgage registration.

　　12. Strengthen organizational safeguards

　　(xxxv) Upholding and strengthening the party's overall leadership.Improve the institutional system for the Party's leadership in financial work, resolutely implement the major decisions and deployments of the Party Central Committee, and effectively implement the Party's leadership in all aspects and links in all fields to promote the high-quality development of inclusive finance. Strengthen the role of party organizations at all levels, and earnestly transform the advantages of the party's leadership system into governance efficiency. We will further promote the strict management of the party in an all-round way, resolutely punish financial corruption, and persist in promoting the integration of not daring to be corrupt, not being corrupt, and not wanting to be corrupt. Improve the fiscal and financial risk handling mechanism for the responsibility of the main local party and government leaders.

　　(36) Strengthen monitoring and evaluation.Establish and improve the inclusive financial index system that is compatible with high-quality development, and explore and carry out evaluation and evaluation of the high-quality development of inclusive finance for regions and institutions. Improve the investigation system related to the financing status of small and micro enterprises and new agricultural business entities. Carry out in-depth monitoring and evaluation of the financing status of small and medium-sized enterprises. Increase the intensity of assessment of regional credit information infrastructure establishments.

　　(xxxvii) Promote pilot demonstrations.Further promote the construction of inclusive financial reform pilot zones. Support all localities to carry out pilot demonstrations such as financial services and rural revitalization. On the basis of comprehensive assessment of the effect, actively and steadily promote mature experiences such as the digital model of inclusive financial business, departmental credit information sharing such as "bank-tax interaction", and regional comprehensive financial service platforms, and continuously explore and form new experiences and promote the implementation of results.

　　(38) Strengthen organizational coordination.Optimize the coordination mechanism for promoting the development of inclusive finance, led by the State Administration of Financial Regulation and People's Bank of China, with the Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Education, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Civil Affairs, the Ministry of Justice, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, the National Health Commission, the Ministry of Emergency Management, the General Administration of Customs, the State Administration of Taxation, the State Administration for Market Regulation, the China Securities Regulatory Commission, the National Bureau of Statistics, the State Intellectual Property Office, 31 units, including the National Copyright Administration, China Meteorological Administration, State Data Administration, State Forestry and Grassland Administration, Supreme People's Court, Supreme People's Procuratorate, Communist Youth League Central Committee, All-China Women's Federation, and China Disabled Persons' Federation, participated in the implementation of these Opinions according to their responsibilities and division of labor, and coordinated the resolution of major issues. Strengthen the supervision of the implementation of inclusive financial policies. Strengthen the linkage between the central and local governments, and promote the high-quality development of inclusive finance in accordance with local conditions.

　　State council　　　　　　　

　　September 25, 2023　　　　　

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