On March 17, Chen Yongjia, the head of the Employment Promotion Department of the Ministry of Human Resources and Social Security, stated at a press conference held by the State Council Information Office that this year will focus on strengthening cost reduction and job stabilization, job expansion incentives, entrepreneurial support, and matching jobs with people, to promote employment and entrepreneurship for key groups. In terms of strengthening cost reduction and job stabilization, the main focus will be on continuing to implement a phased reduction in unemployment and work injury insurance premium rates, encouraging Financial Institutions to innovate special loans for job stabilization and expansion, moderately increasing the loan limits for small and micro enterprises, expanding coverage, and guiding enterprises to stabilize jobs. In terms of strengthening job expansion incentives, the main focus will be on timely fulfillment of tax reductions, guaranteed loans, employment subsidies, and other policies, expanding the coverage of the one-time job expansion subsidy policy, effectively utilizing various industry Funds to promote employment, and encouraging enterprises to absorb more employment.