Guangdong: Reduce the financing costs for manufacturing and high-tech enterprises, with a maximum annual interest subsidy amount of 20 million yuan for individual enterprises.

The Information Office of the Guangdong Provincial Government held a press conference to introduce the situation related to "Several Measures to Further Stimulate the Vitality of Market Entities and Accelerate the Construction of a Modern Industrial System in Guangdong Province". According to the Provincial Financial Office, this round of policies focuses on reducing the financing costs of manufacturing and high-tech enterprises, with greater support, wider coverage, and more targeted support. The provincial government will provide interest subsidies at a rate not exceeding 35% of the bank loan interest rate, with a maximum total subsidy of 20 billion yuan per year. During the policy implementation period, a single loan contract can enjoy a subsidy of up to 1 year, and the maximum annual subsidy amount for a single enterprise is 20 million yuan.