Harbin provides preferential loan support for businesses
Updated : 2020-06-01
By ( e.my399.com )
They said the government will focus on supporting enterprises in industries such as wholesale and retail, accommodation and catering, cultural and tourism businesses and transportation and logistics, which were heavily affected by the novel coronavirus epidemic.
Officials added that the government will help these businesses obtain extra loans from the banks.
The loan support for medium-sized enterprises will not exceed 10 million yuan ($1.4 million). Loan support for small enterprises will not exceed 5 million yuan and the maximum loan for micro-sized enterprises will not exceed 2 million yuan.
Officials said the credit line is a liquidity loan with a term of no more than one year and the interest rate will not exceed the most recently announced one-year LPR (loan market quote rate) plus 100 basis points.
Harbin regained the honorary title of "National Civilized City" on Aug 21.
Harbin Economic and Development Zone recently issued measures for the innovative development of the industrial chain.
The Harbin area of China (Heilongjiang) Pilot Free Trade Zone recently moved to streamline its small business licensing regulations to help stimulate the zone’s economy.
Heilongjiang province will leverage all its formidable array of natural advantages to develop its popular winter tourism.