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Agricultural Development Bank of China
Local

SE.China's Fujian launches supportive measures for small and medium-sized companies

May 28, 2020


Abstract : Southeast China's Fujian Province announced 24 supportive measures recently for small and medium-sized companies to ease their burden and improve business environment, reported the Xinhua-run cnstock.com Wednesday.

BEIJING, May 28 (Xinhua) -- Southeast China's Fujian Province announced 24 supportive measures recently for small and medium-sized companies to ease their burden and improve business environment, reported the Xinhua-run cnstock.com Wednesday.

According to the measures, Fujian will focus on key industries including electronics, machinery and petrochemicals, and stabilize their supply chains.

In order to solve the problems faced by micro, small and medium-sized companies, Fujian will adopt fee exemption on three kinds of social insurance namely basic endowment insurance, unemployment insurance and employment injury insurance from February to June, 2020.

Meanwhile, the first batch of special fund with the loan amount of 10 billion yuan will provided to micro, small and medium-sized companies in the province.

The province also unveiled a slew of measures to support small and medium-sized businesses, including offering preferential loans, increasing lending, lowering financial costs and reducing tax, to help them enhancing business operation.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: Fujian business environment

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