Liao Yijian, co-CEO of HSBC Asia Pacific and chairman of HSBC China, stated at the 2024 Lujiazui Forum that small and micro-sized enterprises account for over 90% of the total number of enterprises in China, and their contribution to the economy exceeds 60%. To ensure their sustainable development, collaboration from all parties is needed.

He stated that universal finance in China can be advanced in three ways in the future. Firstly, further improving the government financing guarantee system, which can refer to the 'Small and Medium Enterprises Financing Guarantee Scheme' launched in Hong Kong since 2011, and effectively enhance banks' confidence in financing enterprises. Second, promoting sharing of credit information to solve the problem of information asymmetry among small and medium-sized enterprises, such as the 'Business Data Interchange' and 'Interbank Account Data Sharing Scheme' in the banking industry in Hong Kong, which uses data to simplify the loan application process and enable small and medium-sized enterprises to obtain financing more quickly. Third, promoting intelligent supply chain finance, which means making use of the credit advantage of core enterprises in the supply chain to increase the opportunity for small and medium-sized enterprises to obtain financing throughout the entire industry chain.