This year, the central bank have cut interest rate and lowered the reserve requirement ration for several times, all intended to reduce the financing costs for the enterprises and facilitate the financing by the small and medium enterprises and microenterprises.

However, the small and microenterprises have yet to receive any material help to their ease their financing problems.

ANBOUND has repeatedly pointed out that the difficulty in obtaining finance and the high financing cost is detrimental to the employment market and could derail the economy.

If we can unblock the transmission mechanism of monetary policy and revitalize the small and medium enterprises and microenterprises, this is also a measure to achieve stabilized economic growth.

To use the buzzword, this could be deemed as the supply font reform.