Chengdu, 26 Oct (Xinhua) -- Sichuan recently issued 20 measures to promote fiscal and financial interaction, and will comprehensively use diversified financial support methods such as incentive awards, loan discounts, and fee subsidies to give play to the leverage role of fiscal funds and guide banks, securities, insurance, guarantees, funds and other financial institutions to support the development of the real economy.
The reporter learned from a press conference held by the Information Office of the Sichuan Provincial Government on the 26th that the General Office of the Sichuan Provincial Government recently issued the "Notice on the In-depth Implementation of the Fiscal-Financial Interaction Policy." The policy introduced this time is based on the systematic evaluation of the performance of the previous policy implementation, combined with the Sichuan Provincial "14th Five-Year Plan" and the long-term goals of 2035 and the construction of the Twin Cities Economic Circle in the Chengdu-Chongqing region and other major strategic tasks, and integrates the previous sporadic and scattered policies of fiscal support for financial development and fiscal and financial interaction and coordination.
Li Shihong, deputy director of the Sichuan Provincial Department of Finance, introduced that these policies include five parts and 20 specific measures. Among them, Sichuan will guide financial institutions to focus on supporting the development of key areas and key industries such as innovation-driven, green and low-carbon, industrial chain supply chain, cross-border trade and manufacturing through financial incentives, loan discounts, risk sharing, etc.
In terms of supporting inclusive finance, Sichuan will guide financial institutions to increase the first loan and credit loan of small and micro enterprises through loan discounts and fee subsidies, reduce the financing costs of small and micro enterprises and "three rural areas", and promote the development of digital inclusive finance in rural areas, so as to help protect market players and promote the effective connection between poverty alleviation and rural revitalization.
Sichuan will also support financial enterprises to set up institutions in Sichuan through financial incentives and cost subsidies, accelerate the construction of western financial centers, support the construction of a county-level financial ecological environment, support major financial institutions to increase credit increments, and increase the intensity of insurance funds into Sichuan.