China's central bank announced on Thursday it has issued a guideline to step up the creation of a credit system for serving small and micro-sized companies and farming households.

The guideline targets to help small companies and farmers with good credit secure loans, and promote their healthy growth, the People's Bank of China (PBC) said in a statement.

Since 2006, the central bank has tried to set up a credit system for the above-mentioned entities. By the end of last year, the PBC had compiled credit archives for 2.43 million small and micro companies and 151 million farming households, the statement said.

The PBC has chosen 31 cities and 32 counties as pilot zones to encourage innovation in setting up the credit system.

The county of Gaoling in northwestern China's Shaanxi Province said in a statement on Wednesday that it was listed as one of the pilot zones by the central bank.

PBC said the credit system should be integrated with efforts to improve financial services for small companies and agricultural entities.

Commercial banks should be innovative when delivering financial products and services, the statement said.

In 2007, the State Council, or the Cabinet, issued a guideline on setting up a social credit system, which pointed out that the system would serve as a solution for maintaining order of the country's market economy.