HEFEI, Nov. 27 (Xinhua) -- East China’s Anhui Province has released a plan covering eight fields on boosting the development of local private economy, the Xinhua-run www.cs.com.cn reported on Monday.
The plan specified that the province has launched a new fund of 1 billion yuan setting up special funds for the small- and medium-sized enterprises, and achieved the full coverage of the technological transformation of private manufacturing enterprises with annual operating turnover exceeding 20 million yuan within five years.
In 2017, the added value of the private economy in Anhui province reached 1.6 trillion yuan. As of the end of October, the number of private enterprises and individual industrial and commercial households in Anhui province exceeded 1 million and 3 million respectively, with more than 13 million employees.
The special funds will be used for the construction of public service system, refinancing service system, innovation and entrepreneurship, and enterprise training.
It is worth mentioning that the province has clearly stated that the proportion of new loans to private enterprises in banking financial institutions will be not lower than 50 percent of the total newly-added corporate loans by 2020. (Edited by Ma Xin, maxin11@xinhua.org)
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