1. What is the background and basis for the formulation of the Implementation Measures for Financial Interest and Fee Subsidies under Policy-Based Guarantee Loans for Small and Medium-sized Enterprises in Jing'an District (hereinafter referred to as the "Implementation Measures")?

In April 2019, the General Office of the CPC Central Committee and the General Office of the State Council issued the Guiding Opinions on Promoting the Healthy Development of Small and Medium-Sized Enterprises. In August 2024, the General Office of the State Council issued the Several Measures on Promoting the High-Quality Development of Specialized, Refined, Unique and Innovative Small and Medium-Sized Enterprises. Small and medium-sized enterprises (SMEs) are a vital force in national economic and social development. They play a key role in expanding employment, improving people’s livelihoods, and fostering entrepreneurship and innovation, while also contributing significantly to stabilizing growth, promoting reform, optimizing structure, benefiting people’s well-being, and preventing risks. The Central Committee of the Communist Party of China and the State Council attach great importance to the development of SMEs and have introduced a series of policy measures in fiscal and financial sectors, business environment improvement, and public services, achieving positive results. However, amid changes in both international and domestic market conditions, SMEs are increasingly facing prominent challenges such as rising production costs, difficulties and high costs in accessing financing, and insufficient capacity for innovation-driven development. These issues must be addressed with high priority. To promote the healthy development of SMEs in line with local conditions, we hereby formulate the Implementation Measures for Financial Interest and Fee Subsidies under Policy-Based Guarantee Loans for Small and Medium-Sized Enterprises in Jing'an District.

2. What is the scope of application of the Implementation Measures?

SMEs in this District that have obtained policy-based financing guarantee loans from the Shanghai Small and Medium-sized Enterprise Program.

3. What are the support measures provided by the Implementation Measures?

The support under the Implementation Measures includes two aspects: subsidies for the guarantee fees of guaranteed loans and subsidies for part of the interest on guaranteed loans. 

Policy-based guarantees refer to loan guarantees provided by the policy-based financing platform of the Municipal Guarantee Center to support small and medium-sized enterprises.

4. What are the support standards in the Implementation Measures?

The support standards include both guarantee fee subsidy and interest subsidy.

The maximum guarantee fee rate is 1.5%, and subsidies are provided based on the actual amount of guarantee fees paid, with a maximum limit of 300,000 yuan. Interest subsidies for technology-based innovative enterprises are capped at 30% of the bank's benchmark interest rate, with a maximum limit of 500,000 yuan. Interest subsidies for other small and micro enterprises are capped at 20% of the bank's benchmark interest rate, with a maximum limit of 200,000 yuan.

5. How to apply?

The District Finance Bureau is responsible for accepting application materials submitted by enterprises.

Enterprises must submit applications to the District Finance Bureau within one year of repaying their loans on time. They can also apply through the Government Online-Offline Shanghai platform and submit the required materials.

6. When will the Implementation Measures take effect?

They will take effect as of December 1, 2024, and will be valid for 5 years.

Policy Inquiries: 62991360, Accounting Section, Jing'an District Finance Bureau