Four departments have issued a combination of employment and entrepreneurship policies, benefiting small and micro enterprises and 10 key groups.

Yesterday, the Ministry of Finance and four other departments issued guiding opinions, requiring further utilization of the government financing guarantee system to enhance confidence and risk sharing, and to guide more financial resources to support employment and entrepreneurship. The new policy mainly benefits small and micro enterprises with strong employment capacity and labor-intensive characteristics. In the future, when these types of small and micro enterprises seek bank loans for financing, government financing guarantee agencies will prioritize providing guarantees, sharing risks with banks, and banks will lend without worry. In order to ensure that the actual benefits are effectively implemented, the country will explore establishing financing guarantee employment contribution indicators, making employment an important evaluation criterion, and guiding provincial re-guarantee institutions and municipal-level guarantee institutions to take the initiative to provide more guarantee resources to small and micro enterprises that have a good employment effect.