Yesterday, four departments including the Ministry of Finance issued guidance calling for further use of the government financing guarantee system's role in increasing credit and dividing insurance, and guiding more financial resources to accurately support employment and entrepreneurship. The new policy mainly benefits small and micro enterprises with strong employability and are labor-intensive. In the future, when these types of small and micro enterprises seek bank loans and financing, government financing guarantee agencies will give priority to providing guarantees to share bank risks, and bank loans will have no worries. In order for real benefits to be implemented and effective, the state will explore the establishment of employment contribution indicators for financing guarantees, use employment as an important assessment baton, guide provincial re-guarantee agencies and municipal and county direct insurance agencies to take the initiative, and provide more guarantee resources to small and micro enterprises with good employment results.

Yesterday, four departments including the Ministry of Finance issued guidance calling for further use of the government financing guarantee system's role in increasing credit and dividing insurance, and guiding more financial resources to accurately support employment and entrepreneurship. The new policy mainly benefits small and micro enterprises with strong employability and are labor-intensive. In the future, when these types of small and micro enterprises seek bank loans and financing, government financing guarantee agencies will give priority to providing guarantees to share bank risks, and bank loans will have no worries. In order for real benefits to be implemented and effective, the state will explore the establishment of employment contribution indicators for financing guarantees, use employment as an important assessment baton, guide provincial re-guarantee agencies and municipal and county direct insurance agencies to take the initiative, and provide more guarantee resources to small and micro enterprises with good employment results.