13 policies to spur market vitality

The Guizhou Provincial Finance Bureau, located in Guiyang, capital of Southwest China's Guizhou province, recently enacted 13 polices to increase the vitality of market players and stabilize the fundamentals of the regional economy.

The government will give full play to its role in financial and credit guarantees, and support key groups in entrepreneurship and employment.

Entrepreneurs meeting certain requirements may receive a maximum start-up guarantee loan of 200,000 yuan ($29,780), while small and medium-sized enterprises (SMEs) can receive loans of up to 3 million yuan.

Inclusive finance is used to support SMEs, and the province's financial industry is encouraged to accelerate upgrading to promote the interaction of the supply and demand sides.

Financial institutions are advised to develop various financial products, including those involving technologies and sustainable development.

Local listed companies meeting certain requirements will also be rewarded with bonuses ranging from 500,000 yuan to 4 million yuan.

Main agricultural products, such as rice, wheat, rape and potatoes, are prioritized for insurance to ensure the high-quality and sustainable development of agriculture. Meanwhile, insurance for special agriculture is also encouraged and subsidized by authorities.

Guizhou will guide more financial resources to serve the real economy and benefit more small market entities, and State-owned financial institutions are urged to enhance risk prevention accountability.