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QINGDAO TODAY
在线翻译:
szdaily -> Shenzhen -> 
Secured loans offered for city’s startups
    2020-07-10  08:53    Shenzhen Daily

THE city is offering secured loans of up to 600,000 yuan (US$85,320) to individuals that have started their own businesses.

If the businesses are operated as a partnership, each partner can get a subsidy of 600,000 yuan and the total loans are capped at 3 million yuan, according to the latest rule to promote entrepreneurship.

The rule published in the latest government gazette is to enhance support for startups, small and micro-sized enterprises. The small and micro-sized enterprises that meet the requirements can get loans of up to 5 million yuan. The money lending period is no more than three years.

The new rule has been in effect since June 5. (Han Ximin)

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