The Zhejiang Provincial Market Supervision Bureau, the Zhejiang Branch of the People's Bank of China, and the Zhejiang Financial Supervision Bureau, together with relevant banking institutions, recently formulated 10 financial policies specifically to support the development of individual businesses. In response to the problem that it is difficult for individual businesses to renew loans, the “Measures” propose extending the loan renewal policy from small and micro enterprises to individual businesses, supporting financial institutions to carry out loan renewal investigations and reviews in advance for individual businesses with financing needs or financial difficulties after the loan expires, and to provide loan renewal support after the review is approved. At the same time, make good use of the “continuous loan+flexible loan” mechanism to meet the temporary and seasonal funding needs of individual businesses.

The Zhejiang Provincial Market Supervision Bureau, the Zhejiang Branch of the People's Bank of China, and the Zhejiang Financial Supervision Bureau, together with relevant banking institutions, recently formulated 10 financial policies specifically to support the development of individual businesses. In response to the problem that it is difficult for individual businesses to renew loans, the “Measures” propose extending the loan renewal policy from small and micro enterprises to individual businesses, supporting financial institutions to carry out loan renewal investigations and reviews in advance for individual businesses with financing needs or financial difficulties after the loan expires, and to provide loan renewal support after the review is approved. At the same time, make good use of the “continuous loan+flexible loan” mechanism to meet the temporary and seasonal funding needs of individual businesses.