East China’s Jiangsu province has unveiled stimulating policies to stabilize market players by making every effort to solve difficulties and inject vitality into the overall improvement of the economy. JSBC has the story.
Xuzhou Sanqin Agricultural Technology Co., Ltd. is building a new greenhouse to prepare for the transplanting of new varieties of fruit tomatoes in early March.
The expansion of planting scale aggravated the shortage of working capital, and the local bank granted the enterprise 3 million yuan of agricultural preferential loans which is of mortgage-free and low interest rate, alleviating the urgent need of seasonal capital shortage of agricultural operators.
Zhang Chong, General Manager of Xuzhou Sanqin Agricultural Technology Co., Ltd.
This loan does not need to be mortgaged and was soon credited to our account, which has brought us great help to ensure that we sow seeds in the field at the beginning of March.
Chen Zimeng, Small and Micro Customer Manager, Xuzhou People's Square Sub-branch, Bank of Jiangsu
If agricultural enterprises are under pressure of capital turnover, we can also start the business of loan renewal without repayment of principal, that is, they only need to pay interest without repayment of principal.
The recently-unveiled 42 preferential policies and measures encourage financing guarantee institutions to innovate products and services, promote special loan products and meet diversified financial needs.
For example, in 2023, the province will strive to release more than 10 billion yuan of credit loan by organizing and promoting 8 cooperative banks to set up customer-friendly loan service channels.
The hotel, catering and tourism industries that have been greatly affected by the epidemic will be temporarily exempted from property tax and urban land use tax in the first half of 2023.
Nanjing Jinling Zhuangyuanlou Hotel has been subjected to financial difficulties from the adverse impact of the COVID-19 epidemic though it has reported improving operation since the Spring Festival.
Xu Xin, Financial Director of Nanjing Jinling Zhuangyuanlou Hotel
The new measures have brought us more than 1.1 million yuan of direct reduction and exemption. These funds can help us operate better, improve our products, provide better services, and we are confident that we can recover to the operation before the epidemic as soon as possible.
Stimulating the vitality of innovation and entrepreneurship is inseparable from high-quality services. Since the start of this year, the judicial department has launched a list of legal services for enterprises, and the market supervision department has formulated a list of light penalties and exemptions for enterprises, further reducing the burden of market entities.
Liu Yubing, Legal Person of a Company in Nanjing
The reform is conducive to the expansion of our business, so that we can seize the opportunity in expanding the rapid layout of outlets.
Ying Chunrong, Senior Sponsor of the Market Supervision Bureau of Liuhe District, Nanjing
We took the initiative to contact the enterprises that consulted or applied for the opening of branch offices, so as to avoid the cost of manpower, material resources and time needed to handle different business licenses in different places.
