Guangdong government plans to invest 6.6 billion yuan in supporting micro, small and medium enterprises in Guangdong from 2015 to 2017, announced by Guangdong government on July 6.
Li Zhigeng, Deputy Governor of Guangdong Province indicated that small, medium and micro-sized (SMEs) enterprises are playing a more important role in the province’s economy.
Meanwhile, a total of 18 advices on 7 aspects were issued.
These advices cover a wide range of areas, including government funds support, strengthen government services, build a platform for checking credit of SMEs enterprises and complete the direct and indirect finance, etc.
Guangdong government will set up a special fund for lifting SMEs enterprises. Furthermore, the government encourages financial institutions to establish sub-funds with equity investment to support SMEs enterprises which related with advanced manufacturing industry, modern service industry and emerging field.
In addition, Guangdong government would drive to simplify external financing and widen the sources and usable range for Cross-border RMB loan in Guangdong Free Trade Zone.