Chongqing allocated special fund to support SMEs and micro enterprises

Chongqing has allocated a special fund of 800 million yuan to counties and districts in order to promote the development of micro-, small- and medium-sized enterprises there.

Chongqing Municipal Government has set up a special fund of 2 billion yuan in line with the “1+3” policy which is for private enterprises.

The total of 2 billion yuan will be used for small and medium-sized enterprises (SMEs) on liquidity loan discount, encouraged industrial investment loan discount, subsidies for independent innovation platform construction, financial subsidies for industrialization projects of major scientific and technological achievements, and rental subsidies for newly founded SMEs and micro enterprises and so on.

Deng Jun