Chapter I General Provisions
Article 1 These Implementation Measures are formulated to further implement the “Guiding Opinions of the General Office of the State Council on Effectively Leveraging the Role of Government-backed Financing Guarantee Funds to Substantially Support the Development of Small and Micro Enterprises and the ‘Three Rural Issues’” (State Council General Office Document [2019] No. 6) and the requirements of provincial, municipal, and county-level efforts to optimize the business environment. They aim to minimize the negative impact of the pandemic on the county’s real economy and fully leverage the guiding role of policy-based financing guarantees in supporting the intensive and efficient use of resources by small, medium, and micro enterprises in the county, in accordance with local conditions.
Article 2. The term “enterprise” as used in these Measures refers to small, medium, and micro-sized industrial enterprises above the designated scale listed on the “White List of Enterprises with High Output per Mu” published by the County Office of Output per Mu for the current year (if the current year’s list has not yet been published, the results from the previous year shall apply). Such enterprises must have a strong source of funds for principal and interest repayment, no record of bad credit, and no pending litigation or unresolved enforcement cases.
Article 3: The term “partner bank” as used in these Measures refers to commercial banks located within Lai’an County.
Chapter II Division of Responsibilities
Article 4 The County Per-Mu Efficiency Office is responsible for promptly organizing and conducting the annual evaluation of per-mu efficiency for industrial enterprises throughout the county and for publishing the list of enterprises recommended for the “Per-Mu Efficiency Heroes White List.”
Article 5 The County Guarantee Company and partner banks shall be responsible for accepting financing guarantee applications from enterprises on the “Per-Mu Hero White List” and for strengthening service guidance.
Article 6: The Lai’an Economic Development Zone, all townships, and the supporting units of each enterprise shall be responsible for actively promoting policies to enterprises, enhancing credit awareness, and increasing policy awareness and utilization rates.
Chapter III Support Measures
Article 7: Reducing Financing Costs. Partner banks are encouraged, while ensuring risks remain manageable, to lower loan interest rates (in principle, not exceeding the current LPR plus a 20% markup), streamline loan processing procedures, simplify documentation requirements, and improve processing efficiency. Loan amounts shall be determined based on the enterprise’s actual financing needs and the bank’s available credit quota, with credit services provided to eligible enterprises (provided all required documents are complete, the loan processing time shall generally not exceed 7 working days).
Article 8: Guarantee Services. The county guarantee company shall provide financing guarantees to enterprises eligible under this policy. Flexible counter-guarantee methods are encouraged, such as pure credit guarantees, pledges of intangible assets (e.g., intellectual property), order pledges, or joint and several liability provided by enterprise shareholders, the spouses of controlling shareholders, or their adult children, to reduce guarantee fees. Based on enterprise needs, a guarantee credit limit of no more than 10 million yuan per enterprise shall be granted, calculated at no more than one to five times the published annual total tax revenue or 10% of total output value.
Article 9: Risk Sharing. Loan risk compensation shall be incorporated into the government-bank-guarantee “4321” risk-sharing system.
Article 10: Interest and Fee Subsidies. The county finance department shall provide financing interest and fee subsidies to “High-Output-Per-Mu” enterprises.
Enterprises ranked in the top 10 of the “Per-Mu Hero White List” shall receive interest subsidies equivalent to 50% of the current LPR, and full reward subsidies for the guarantee fees actually paid; enterprises ranked 11–30 shall receive full reward subsidies for the guarantee fees actually paid; enterprises ranked 31–50 shall receive 50% reward subsidies for the guarantee fees actually paid.
Enterprises on the “Per-Mu Hero White List” are encouraged to access direct financing in the capital markets. For those successfully listed in the current year, a 50% interest subsidy based on the current LPR of the actual guaranteed loan will be provided, and a full subsidy for the actual guarantee fees paid will be granted; for those entering the listing guidance filing process, a full subsidy for the actual guarantee fees paid will be granted; for those listed on the National Equities Exchange and Quotations (NEEQ), a 50% subsidy for the actual guarantee fees paid will be granted.
For this incentive and subsidy program, a single enterprise may receive the maximum amount but may not submit duplicate applications. Furthermore, a single enterprise may not concurrently benefit from other financing guarantee interest or fee subsidy policies issued within the county, such as the “Science and Technology Guarantee” program.
Chapter IV Supplementary Provisions
Article 11 The County Office of Per-Mu Output (County Bureau of Economy and Information Technology) shall be responsible for interpreting these Measures.
Article 12 These Measures shall take effect from the date of issuance and shall remain valid for a provisional period of two years.
