Four departments including the Ministry of Finance issued “Guiding Opinions on Further Exploiting the Role of the Government Financing Guarantee System to Strengthen Support for Employment and Entrepreneurship”. Among them, it is proposed to lower the threshold for financing guarantees. Government financing guarantee agencies are gradually reducing and abolishing collateral and counterguarantee requirements for labor-intensive small and micro enterprises that absorb a large number of people and are labor-intensive, weakening profit assessments, increasing their efforts to develop first lenders and first payer customers, and lowering the entry threshold for financing.

Four departments including the Ministry of Finance issued “Guiding Opinions on Further Exploiting the Role of the Government Financing Guarantee System to Strengthen Support for Employment and Entrepreneurship”. Among them, it is proposed to lower the threshold for financing guarantees. Government financing guarantee agencies are gradually reducing and abolishing collateral and counterguarantee requirements for labor-intensive small and micro enterprises that absorb a large number of people and are labor-intensive, weakening profit assessments, increasing their efforts to develop first lenders and first payer customers, and lowering the entry threshold for financing.