With the holding of the two sessions of the local governments, the work reports of local governments have been issued. Serving the development of the real economy and doing a good job in financial reform and insurance have become the focus of financial work in many places in 2023. Some localities also put forward relevant work objectives in promoting the opening up of finance and developing characteristic finance. Industry insiders believe that financial institutions should further strengthen their social responsibilities, properly optimize the allocation of financial resources, appropriately adjust the credit system and process, and better meet the needs of the real economy, while adhering to the principle of business sustainability and overall risk control. In government work reports around the country, reducing financing costs has become a hot topic, with support for small and micro enterprises, scientific and technological innovation, green development and other fields as the focus. Heilongjiang Province proposes to focus on improving the ability of financial services to the real economy, actively develop digital finance and financial technology, further promote the "bank-tax interaction", reduce the comprehensive financing costs, and accurately support key areas and weak links such as small and micro enterprises and private enterprises. Shanxi Province proposed to guide financial institutions to increase support for small and micro enterprises, scientific and technological innovation, green development and other fields. The development of inclusive finance has become an important area of financial services to the real economy, and some provinces have set specific loan targets. Zhejiang Province proposes to strengthen and improve financial services, ensure that the growth rate of loans to inclusive small and micro enterprises is not lower than the average growth rate of all loans, add more than 250 billion yuan of medium and long-term loans to the manufacturing industry, and the small balance of government financing guarantees to support agriculture is more than 165 billion yuan, so as to promote the steady decline of comprehensive financing costs of enterprises. Yunnan Province proposes to strive to increase the number of inclusive small and micro loans by more than 30%. The use of special bonds and policy-based development financial instruments is also one of the highlights. Shanxi Province said that it should make full use of favorable policies such as special bonds and policy-based development financial instruments to solve the problem of project financing. Zhejiang Province proposes to actively strive for and make good use of national policies, and strive for local government special bonds to account for more than 6% of the national share, and policy-based development financial instruments to account for more than 8% of the national share. Zhao Wei, chief economist of Guojin Securities, predicted that the new loans of policy development banks could be released in 2023. Dong Ximiao, the chief researcher of China Merchants Federation, believes that financial institutions should further strengthen their social responsibilities and properly optimize the allocation of financial resources while adhering to the principle of business sustainability and overall controllable risks. Moderately adjust the credit system and process, better meet the real economy, and increase the relief efforts for market entities, especially small and micro enterprises and individual businesses. Promoting the reform of rural credit cooperatives to prevent and defuse financial risks has also attracted much attention. Since 2022, the reform of rural credit cooperatives in Zhejiang, Henan and Liaoning has accelerated. In the 2023 government work report, many people proposed that they would continue to further promote the reform of rural credit cooperatives and improve the modern financial enterprise system. Henan Province said that it should do a good job in the second half of the reform and reorganization of Central Plains Bank, accelerate the reform of rural credit cooperatives, complete the establishment of Henan Rural Commercial Union Bank, and do a good job in the follow-up risk disposal of four rural banks. Liaoning Province proposes to accelerate the reform of "one city, one policy" of urban commercial banks, comprehensively implement the overall reform of the rural credit system, and prevent the formation of regional and systemic financial risks. Shanxi Province proposed to do a good job in financial reform and insurance. Deeply promote rural credit