长期以来,小微企业受其自身实力弱、抵押物缺乏、信用评级低等因素影响,通过金融机构授信渠道获得资金较为困难,如何将信贷资金更有效地用于支持小微企业发展已成为当前货币信贷政策亟待解决的问题。据调查,随着商业信用票据化程度的不断提高,小微企业销售回款中小额商业汇票的占比也在逐年上升。然而,这些小额票据由于面值较小、操作成本高、违约 For a long time, it is difficult for small and micro-enterprises to obtain funds through the credit extension channels of financial institutions due to their own weakness, lack of collateral and low credit rating. How to use credit funds more effectively to support the development of small and micro enterprises has become the current Problems to be solved in monetary and credit policies. According to the survey, with the continuous improvement of commercial credit bills, the proportion of small and medium commercial bills in the sales repayments of small and micro enterprises is also rising year by year. However, these small bills are subject to high operating costs and default due to their small face value