Shenzhen: Further Strengthening Financial Services During the Epidemic Period to Support the Sustainable and Stable Development of the Economy and Society – Xinhua English.news.cn

Securities Times e Company News, Shenzhen issued the “Notice on Further Strengthening Financial Services to Support the Sustainable and Stable Development of the Economy and Society During the Epidemic Period”, which mentioned that the role of local financial organizations should be brought into full play. Encourage the city’s micro-loans, financial leasing, commercial factoring and other local financial organizations to reduce fees, reduce interest rates or increase loan, leasing, factoring quotas as appropriate, and increase credit issuance, as appropriate for the temporary impact of the epidemic. Seriously affected customers will handle extension, extension, etc. During the epidemic, commercial factoring institutions actively provided temporary working capital and medium- and long-term factoring services to small and micro enterprises affected by the epidemic that had difficulty in capital turnover; government financing guarantee institutions further increased their support for small and micro enterprises. The financing guarantee rate for small and micro enterprises seriously affected by the epidemic will be reduced by up to 40%.