Four departments including the Ministry of Finance issued guidance on further developing the role of the government financing guarantee system and strengthening support for employment and entrepreneurship. Opinions were put forward to reduce the cost of comprehensive financing for entrepreneurial groups. Encourage places that are in a position to do so to explore local government financing guarantee agencies to reduce guarantee fees for eligible guaranteed loans for entrepreneurship or provide incentives to repay part of guarantee fees for trustworthy customers, and push banks to reasonably determine interest rates on guaranteed loans for entrepreneurship on the basis of sustainable management. For guaranteed loans for entrepreneurship carried out under the bank-sharing loss-sharing model, the State Finance Guarantee Fund grants differentiated concessions on re-guarantee fees.

Four departments including the Ministry of Finance issued guidance on further developing the role of the government financing guarantee system and strengthening support for employment and entrepreneurship. Opinions were put forward to reduce the cost of comprehensive financing for entrepreneurial groups. Encourage places that are in a position to do so to explore local government financing guarantee agencies to reduce guarantee fees for eligible guaranteed loans for entrepreneurship or provide incentives to repay part of guarantee fees for trustworthy customers, and push banks to reasonably determine interest rates on guaranteed loans for entrepreneurship on the basis of sustainable management. For guaranteed loans for entrepreneurship carried out under the bank-sharing loss-sharing model, the State Finance Guarantee Fund grants differentiated concessions on re-guarantee fees.