Financial Policy

2019-12-12    JL.gov

Support industry financing 

Promote the introduction and establishment of various types of private equity funds, venture capital funds and angel investment funds, and guide various types of equity funds to support enterprises transformation and upgrade, quality and efficiency, and development innovation. Guide banking financial institutions to carry out innovative finance services for micro-, small- and medium-sized enterprises, such as bill financing. Support qualified private enterprises to realize bond financing through issuing bond certificate. Establish and improve the bond issuance enterprise library, implement the bond issuance award policy, and expand the bond issuance scale of private enterprises. Strive to reduce the average guarantee rate of financing guarantee institutions to less than 1.5%.

 

Support business financing

Encourage financial institutions to provide credit support to foreign trade enterprises of agricultural products, and the government will take the lead of opening financing business of "agricultural insurance fund pool" to provide enhancement credit to enterprises. Continue to support enterprises to participate in the " micro- and small-sized enterprise credit insurance" project of the China Export & Credit Insurance Corporation, and expand the scope of supporting enterprises from the original annual export amount of under 3 million US dollars to 10 million US dollars. Adopt the micro- and small-sized enterprise credit insurance and small- and medium-sized enterprise insurance policies to provide full support to enterprise premiums, and offer no more than 70% premium support to other enterprises with short-term trade insurance.

 

Build financial platforms 

Further build and improve the Northeast Asia Financial Headquarters Base (referred to as the "Base"). Newly established or newly settled foreign corporate financial institutions with registered capital of equal or more than 1 billion yuan shall be subsidized 10 million yuan at one time, financial institutions with registered capital of 500 million yuan-1 billion yuan shall be subsidized 5 million yuan at one time, financial institutions with registered capital of 200 million yuan-500 million yuan shall be subsidized 3 million yuan at one time. The newly established provincial branches of banking institutions in the Base, the business headquarters or the operation centers established separately by the headquarters of financial institutions, shall be subsidized 3 million yuan at one time, the provincial branches of other new financial institutions, shall be subsidized 1 million yuan at one time. The newly established qualified small loan companies, financing guarantee institutions and equity investment funds in the Base shall be subsidized 1 million yuan at one time, the newly established branches of national famous credit rating agencies, accounting firms and law firms which established in the Base shall be subsidized 300,000 yuan. The corporate financial institutions that were originally located in other regions of Jilin province and later moved into the Base with registered capital of equal or more than 1 billion yuan shall be subsidized 2 million yuan at one time, those with registered capital of 500 million yuan-1 billion yuan shall be subsidized 1 million yuan at one time, those with registered capital of 200 million yuan-500 million yuan shall be subsidized 500,000 yuan at one time. The provincial branches of banking institutions that were originally located in other regions of Jilin province and later moved into the Base, as well as the business headquarters and operation centers separately established by the headquarters of financial institutions, shall be subsidized 500,000 yuan at one time, the provincial branches of other newly established financial institutions shall be subsidized 300,000 yuan at one time. The newly settled corporate headquarters and regional headquarters of financial institutions which build office buildings by themselves, shall be prioritized the guarantee of land supply, which entrust to build or purchase office buildings with a designated development company shall be given a preferential price. The corporate headquarters and regional headquarters of financial institutions, financial institutions or financial supporting service institutions, which rent office buildings of designated development companies, shall be given appropriate subsidy funds within three years by the local government. All of the above are priority to meet their needs in water supply, electricity supply, gas supply, communication, parking, etc. Open up a "green channel" for the introduced talents who are urgently needed, and provide assistance and support by the way of "One Project One Discussion" and the “Special Matter Especially Manages” policies. Provide care and subsidy for the senior managers and professional technicians of financial institutions if they need abroad business trips, rent subsidy, family relocation procedures, medical care, and children's enrollment.