CCTV News: Recently, the State Administration for Financial Regulation and the Ministry of Veterans Affairs jointly issued the "Notice on Carrying out Veterans Entrepreneurship Loans for Veterans to Further Support Veterans' Entrepreneurship Innovation" (hereinafter referred to as the "Notice").

The "Notice" clarifies the policy content, requiring bank institutions to reasonably determine the loan amount and term based on the actual situation and payment needs of the support recipients, and make full use of information such as military merit and honors obtained by retired soldiers, to give priority to customer access, loan amount and term, actively match suitable products, continuously optimize credit processes, and improve approval efficiency.

The "Notice" strengthens process management. The veterans affairs department conducts identity reviews of the support objects and pushes the list to the host bank. The host bank promptly and proactively carries out service docking, improves the efficiency of approval and credit, strengthens post-loan management, regularly visits support objects, and does a good job in post-loan services. At the same time, the "Notice" puts forward requirements for preventing and controlling credit risks, and strengthens credit policy interpretation, practical guidance, financial risk warning, etc., to improve retired soldiers' financial awareness and risk prevention and control capabilities.

In the next step, the State Administration for Financial Regulation will work with the Ministry of Veterans Affairs to earnestly implement the "Notice", give full play to the effectiveness of policies, timely summarize and publicize good experiences and practices, strive to meet the financing needs of the support recipients, improve the efficiency of financial services, and make positive contributions to helping veterans entrepreneurship and innovation work to develop high-quality development.