Three highs and one low in loans refers to the benign development trend of three highs and one low in the growth rate, proportion and increment of small and micro enterprise loans, and the continuous decline in non-performing loans. Credit support will continue to be provided to high-quality enterprises with brands, orders, and profitability but experiencing temporary liquidity constraints. Loans to enterprises with three high and one low levels should be restricted. Credit shall not be granted to new production capacity construction projects in industries with severe overcapacity that have not obtained legal procedures. Zombie companies that have suffered long-term losses and lost their ability to pay off debt and market competitiveness will resolutely reduce the withdrawal of relevant loans.