China's National Financial Regulatory Administration and the Ministry of Veterans Affairs jointly issued a notice to further support veterans’ entrepreneurship and innovation through a dedicated “veterans entrepreneurship loan” programme. The notice directs banks to set loan amounts and tenors based on borrowers’ circumstances and funding needs and to improve product matching and approval efficiency. Banks are asked to use information such as military merit awards and commendations to give veterans preferential consideration in customer admission and in determining loan size and term. Process requirements include identity verification by veterans affairs departments, which will provide eligible borrower lists to participating banks, and proactive service outreach by banks, faster credit approval and granting, stronger post-loan management, and regular follow-ups. The notice also sets expectations on controlling credit risk and calls for policy explanations, practical guidance, and financial risk alerts to raise veterans’ financial awareness and risk prevention capability. The National Financial Regulatory Administration will work with the Ministry of Veterans Affairs to implement the notice and to summarise and promote good practices.

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