Focusing on five major areas, Guangdong has newly established a 50 billion yuan special quota for refinancing.
Recently, the Guangdong Branch of the People's Bank of China has arranged a special quota of 50 billion yuan under the policy of re-loans for agriculture and small businesses, to encourage and guide local financial institutions to increase their credit support for the coordinated development of science and technology innovation, green low-carbon, service consumption and elderly care, foreign trade, manufacturing, and service industries. Among the 500 billion yuan special quota, 100 billion yuan is allocated for the "Guangdong Technology Finance" quota, focusing on supporting the field of science and technology innovation by injecting financial resources into high-tech enterprises, specialized and innovative enterprises, and other science and technology innovation enterprises, to help them in research and development, results transformation, and industrial transformation and upgrade.
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