Chongqing's financial organizations provided more than 200 billion yuan (about 30.5 billion U.S. dollars) of low-cost funds to support Chongqing's economic and social development by lowering loan interest rates, accumulating more than 20 billion yuan less in interest charges in 2020.

In doing business indicators of the World Bank, the strength of legal rights index under the getting credit indicator is closely related to the Guarantee Law and mainly for measuring the degree of convenience in providing loans to enterprises.

Since 2020, Chongqing has successively issued opinions on further improving the credit financing business environment, covering 80 preferential financial policies on the banking business, bancassurance, small loan business, and financing guarantee, as well as 40 financial support measures to stabilize enterprises and ensure employment. All of these make it easier for enterprises to get credit loans and help small and medium-sized enterprises to operate stably.

For instance, on April 28, 2020, Chongqing piloted unified guarantee registration on the movable property in response to the decentralized registration of guarantee rights over movable property and separate registration rules, leading to a significant increase in efficiency of registration and providing a reference for establishing a nationwide unified registration system in this regard.

Chongqing registered a total of 2,418 mortgages on movable property in 2020, covering production facilities, raw materials, semi-finished products, and products, about a 65% increase over the same period in 2019, enhancing the convenience of enterprises getting credit.

Furthermore, Chongqing has taken multiple measures, including lowering the threshold of guarantee over movable property, encouraging guarantee institutions to reduce the guarantee fee by more than 10% and governmental financing guarantee institutions to keep their guarantee rate at 1% or less in principle, thus reducing the financing costs for enterprises.

In December 2020, the weighted average interest rate on corporate loans in Chongqing was 4.76%, down 0.42 percentage points year on year.