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China to continue reward policies to help small firms

Abstract : China has unveiled a guideline to continue its reward and subsidy policies to boost financing for small and micro-enterprises.

BEIJING, May 8 (Xinhua) — China has unveiled a guideline to continue its reward and subsidy policies to boost financing for small and micro-enterprises.

Through special funds from the central budget, the country will reward and subsidize provinces where such firms enjoy wider and cheaper access to financing between 2021 to 2023, said the guideline issued by the Ministry of Finance and the Ministry of Industry and Information Technology.

Moves will also fine-tune the policies according to the impact on these enterprises from the COVID-19 pandemic and downward economic pressure.

These moves include raising reward caps for areas with notable fee-cut results, offering preferential policy incentives to the central and western regions, and ramping up verification, the guideline said. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to continue reward policies to help small firms

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