(July 23, 2025)

JDFB G [202] No.16

Attention: all Relevant Enterprises in the District:

In order to thoroughly implement the State Council’s Several Opinions on Further Promoting the Development of Small and Medium-sized Enterprises, and the Ministry of Finance’s Measures for the Management of Special Funds for the Development of Small and Medium-sized Enterprises, further promote the high-quality development of small and medium-sized enterprises (SMEs) in Jing’an District, reduce their financing costs, and create a favorable business environment, we hereby formulate the Implementation Measures for Further Supporting Small and Medium-sized Enterprises with Fiscal Interest Subsidies for Their Financing and Loans, and request you to implement them conscientiously.  

Implementation Measures for Further Supporting Small and Medium-sized Enterprises

with Fiscal Interest Subsidies for Their Financing and Loans

In accordance with the State Council’s Several Opinions on Further Promoting the Development of Small and Medium-sized Enterprises, and the Ministry of Finance’s Measures for the Management of Special Funds for Small and Medium-sized Enterprise Development, and to further advance the high-quality development of small and medium-sized enterprises (SMEs) in Jing’an District, reduce their financing costs, and foster a favorable business environment, the following measures for implementing fiscal interest subsidy policies to support SMEs’ financing and loans are hereby notified.

I. Scope of Support

1. The support covers SMEs that are registered and have their tax domicile in Jing’an District, and operate in good faith and in compliance with law. (The determination of SMEs shall be based on Document Lianqiye [2011] No.300 issued by the Ministry of Industry and Information Technology.)

2. Enterprise categories include, but are not limited to, the following types that align with Jing’an District’s industrial orientation (commercial trade services, cultural and creative industries, life and health industries, financial services, data intelligence industries, and professional services), as well as enterprises with high technological content, strong employment contributions, and promising market prospects and business models.

3. Enterprises that have obtained titles such as Shanghai High-Tech Enterprise certification and Shanghai High-Tech Achievement Transformation Project certification; Shanghai Science and Technology “Little Giant” Enterprises and “Little Giant” Incubation Enterprises; enterprises that have obtained national or Shanghai municipal innovation fund projects, and enterprises recognized as Shanghai Innovative Enterprises by Shanghai Municipal Commission of Science and Technology; as well as SMEs designated as “Specialized, Refined, Unique, and Innovative” by municipal or district-level authorities.

4. Enterprises that contribute to regional social development, economic transformation, employment promotion, and livelihood security.

5. Enterprises with growth-oriented business models.

II. Support Details

A special loan facility totaling five billion yuan will be established by banks operating in the District to support enterprise development. The allocation of the five billion yuan specialized loan quota will be determined through consultations between the District Finance Bureau and the various banks in the District. The loan interest rate shall not exceed the Loan Prime Rate (LPR), with the term based on the loan note duration, up to a maximum of three years. Within one year after repaying the loan principal and interest, enterprises will receive a 20% interest subsidy from the government based on the actual interest paid, with the specific subsidy amount not exceeding 500,000 yuan.

III. Financing Channels

1. Enterprises may independently choose banks operating within the District to apply for financing loans.

2. Investment promotion units of sub-districts, towns, and industrial parks will regularly submit lists of enterprises with financing needs to the District Finance Bureau, which will then recommend the lists to relevant banks in the District.

3. Relevant district industrial departments will recommend lists of enterprises with financing needs from among those they serve to relevant banks operating in the District.

IV. Subsidy Application Process

1. After enterprise loans mature, and the principal and interest are repaid, commercial banks operating in the District shall regularly submit lists of enterprises and corresponding loan amounts under the special loan program to the District Finance Bureau on a quarterly basis. Upon reviewing the relevant data provided by the banks, the District Finance Bureau will directly disburse subsidy funds to the enterprises using the “no-application-required” method.

2. If the data provided by the banks is incomplete, enterprises may also apply for subsidies by submitting relevant supporting materials to the District Finance Bureau.

     V. These Measures shall be implemented for a period of one year, effective from May 23, 2025.