According to data released by the State Administration of Financial Supervision and Administration, as of the end of the first quarter of this year, the balance of loans for private enterprises was 76.07 trillion yuan, a year-on-year increase of 7.41%, and the balance of loans for inclusive small and micro enterprises was 35.3 trillion yuan, a year-on-year increase of 12.5%; At the same time, the availability of credit loans for private enterprises has further increased. As of the end of the first quarter, the balance of credit loans for private enterprises was 18.1 trillion yuan, a year-on-year increase of 15.4%. As the volume increases and prices decrease, the quality and efficiency of financial services for private enterprises are steadily improving. The Party and the state attach great importance to the high-quality development of the private economy and provide strong guarantees for it. Taking the financing issue that enterprises are generally concerned about as an example, the central bank and eight other departments will jointly introduce a series of measures in 2023 to clarify goals and focus on key areas. From a total perspective, setting annual service targets for private enterprises and gradually increasing the proportion of loans for private enterprises; Structurally, we will increase support for key areas such as technological innovation, specialization, refinement, innovation, green and low-carbon initiatives, industrial infrastructure reconstruction projects, as well as private small and medium-sized enterprises. But it should also be noted that there are still some hidden obstacles to private enterprise financing. Technology companies often fall into the financing dilemma of "being unknown for ten years and becoming well-known overnight": in the start-up stage where funding support is most needed, no institution dares to invest or lend, and after becoming famous, various funds gradually enter the market or even break through the threshold. Some companies have also reported that they often encounter bottlenecks in loan renewal, and their business cycle is often not perfectly aligned with the loan cycle. If the previous loan expires and the bank does not renew the loan on time, the company will face high "reverse loan" costs and even the risk of capital chain breakage. The service details determine the sense of achievement, and only by ensuring that the preferential policies for enterprises are fully implemented and solidly implemented can the quality and efficiency of financial services for private enterprises be continuously improved. Financial institutions should strictly implement the policies and measures formulated by the Central Committee of the Communist Party of China, the State Council, and financial management departments, ensuring that financial support for the private economy is commensurate with the contribution of the private economy to economic and social development. Optimizing service philosophy requires eliminating ownership discrimination and adhering to the standard of company development. Financial institutions should adhere to the "two unwavering" principles, treat all types of enterprises equally, and not set barriers to financing thresholds or entry conditions, so that high-quality and promising private enterprises can obtain external financing more fairly and conveniently. At the same time, starting from the operational demands and actual needs of enterprises, while meeting external regulatory requirements and internal rules and regulations, we should consider issues from the perspective of enterprises and enhance the adaptability of financial products and services. Enhance service capabilities and focus on alleviating information asymmetry issues. To solve the financing difficulties of private enterprises, it is necessary to fully utilize digital means and explore the multidimensional credit data of enterprises, which not only increases their credibility but also alleviates the worries of banks. Next, the financial management department will study the establishment of a credit enhancement system for private small and medium-sized enterprises, break through financing constraints such as insufficient credit and information asymmetry, and continue to strengthen the coordination of financial, fiscal, industrial and other policies to jointly create a better environment for the development of private enterprises. Private enterprises should also enhance their endogenous driving force for development, adhere to their main business, strengthen their industries, strengthen independent innovation, transform their development mode, continuously improve the quality, efficiency, and core competitiveness of enterprises, promote the healthy development of the private economy through practical actions, and form a mutually beneficial and win-win cycle with financial services. (New Society)