The Financial Regulatory Authority revised and issued the "Regulatory Evaluation Method for Small and Micro Enterprise Financial Services of Banking Financial Institutions"

Securities Times News, the Financial Regulatory Authority revised the "Regulatory Evaluation Method for Commercial Banks' Small and Micro Enterprise Financial Services (Trial)" to form the "Regulatory Evaluation Method for Financial Institutions' Small and Micro Enterprise Financial Services" (hereinafter referred to as the "Method") and issued it for implementation.The "Method" was revised based on the requirements of small and micro enterprise financial services policies in recent years. It mainly focuses on the following aspects: first, to improve the evaluation content. It focuses on the work highlights, guides banks to increase service supply, optimize credit structure, implement internal incentive and constraint mechanisms such as due diligence exemption and performance appraisal, and promotes the improvement of small and micro enterprise financial services. Second, to optimize the setting of indicators and evaluation standards. It pays attention to the effectiveness of services, and considers both the vertical change of bank's own indicators and the horizontal comparison with peers, to enhance the objectivity and scientificity of evaluation. Third, to improve the evaluation mechanism. It fully considers regional differences, strengthens regulatory coordination and linkage, and gives provincial branches certain autonomy within the unified evaluation system, to better reflect the effect of banks supporting local economic development and serving small and micro enterprises.According to the "Method", the regulatory authorities will comprehensively evaluate the overall credit supply, cost and risk, service structure optimization, incentive and constraint mechanism, compliance and internal control, and service to local economy of financial institutions every year. The revision and issuance of the "Method" will help better play the leading role of regulation, encourage and guide financial institutions to strengthen the strategic orientation of small and micro finance, establish a long-term mechanism for daring to lend, willing to lend, able to lend, and good at lending, and effectively enhance the quality and efficiency of small and micro enterprise services, promoting the high-quality development of small and micro enterprises.