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Jilin enacts 100 policies to further open up

Updated: Mar 19, 2019 govt.chinadaily.com.cn Print
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5. Financial backing 

There are 14 financial backing policies proposed to cultivate and support enterprises and industries within the province. 

Firstly, Jilin encourages commercial banks to issue financial bonds to small and micro businesses, with financial institutions issuing asset-backed securities for loans to them too. For medium, small, and micro-sized enterprises with prominent business potential and outstanding profitability in the province, the government will start to carry out a special cultivation mode tailored to them. 

Secondly, Jilin will attract social capital, industrial capital, and financial capital flowing into the province, bringing in well-known enterprises acts that have been outstanding in the digital economy. Relying on the preferential fund given for industrial transformation and development, it will also vigorously foster new driving forces including high-end manufacturing, environmental protection, and digital industries for the province. 

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