Guangdong: It is expected that the provincial finance will allocate approximately 13.6 billion yuan in new funds over the next three years to support the acceleration of building a modern industrial system.

The Guangdong Provincial Information Office held a press conference to introduce relevant information about the "Several Measures to Further Stimulate Market Entity Vitality and Accelerate the Construction of a Modern Industrial System in Guangdong Province." It is reported that this round of policies will further increase financial support, with the provincial finance expected to allocate approximately 13.6 billion yuan in new funds over three years, of which about 4.5 billion yuan will be allocated within this year. Efforts will be made to reduce financing costs for manufacturing and high-tech enterprises, with interest subsidies provided for new bank loans to these sectors, with a total annual scale of subsidized loans up to 200 billion yuan. Additionally, the provincial finance will expand the coverage of financing guarantees by increasing the registered capital of provincial financing guarantee institutions and implementing measures such as fee reductions and reward subsidies to promote the scale of government-backed financing to exceed 100 billion yuan annually.