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8 Measures Issued to Reduce Business Financing Costs
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The Municipal Government has officially issued the “Opinions on Implementation of Further Reducing the Business Financing Costs in Taizhou” lately, in order to effectively reduce the business financing costs in Taizhou, promote the real economy of financial services and support the high-quality development of Taizhou.

In recent years, under the influence of many factors, the financing cost of Taizhou has been higher when compared with that of other areas in the province, which increases the financial burden of enterprises to some extent. Thus the entrepreneurs call it the “financing mountain”.

“In order to cross the ‘mountain’, Taizhou has now made eight major measures, such as expanding the total amount of credit, and optimizing the credit structure; perfecting the bank assessment and incentive policies; deepening the innovation of repayment and guarantee methods; encouraging to have a try on the investment in loan, bonds and shares; establishing the capital connection platforms; vigorously developing the bond financing; promoting to set up venture capital funds and M&A funds; and strengthening the insurance institutions’ financing services for the small and micro firms.” said the official of Taizhou Financial Office when interpreting the document.

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