Shanxi to optimize financing services for enterprises


North China's Shanxi province recently issued a notice on further strengthening financing services for micro, small and medium-sized enterprises. 

The province will establish and improve the coordination mechanism of financing work for these enterprises, and guide financial institutions to improve service capabilities and resource supply efficiency.

In terms of the work guidance for financial institutions, Shanxi will promote financial institutions to increase the first loan, credit loan, and medium- and long-term loans for small and micro-sized enterprises. 

It will also encourage financial institutions to promote financing of micro, small and medium-sized enterprises engaged in key industrial chains and characteristic industrial clusters. 

The province will implement supporting policies such as small and micro-sized enterprise loan risk compensation, government financing guarantee subsidies, bonuses for listed enterprises, emergency turnover guarantee funds for the capital chain of enterprises, and loan delay repayments. 

In addition, Shanxi will support small and medium-sized enterprises (SMEs) in developing to become stronger, and guide financial institutions to provide full-chain services such as stock reform, listing, and financing for SMEs at the county level.