Guo Wuping, Director of the Policy Research Department at the National Financial Regulatory Administration, announced on May 22 that the administration will enhance the coordination mechanism for small and medium-sized enterprise (SME) financing, with a particular focus on the technological sector. This initiative aims to integrate support resources and encourage banks and insurance institutions to offer concessions in performance evaluations and internal fund transfer pricing. Additionally, differentiated supervisory measures, including streamlined due diligence processes and exemption from certain responsibilities, will be implemented to bolster the growth of technology-based enterprises.
