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Real-time News
On March 23, the Guangdong Provincial Local Financial Supervision and Administration Bureau, the Guangdong Provincial Department of Finance, and other departments issued the "Action Plan on Improving the Government-Backed Financing Guarantee System to Support the Five Major Tasks in Finance." The plan proposes to support Guangdongs efforts to become a leading province in technological innovation. It emphasizes strengthening credit enhancement for major national science and technology projects and advanced manufacturing clusters such as electronic information, artificial intelligence, and low-altitude economy; supporting the cultivation and expansion of emerging and future industries; and supporting gazelle and unicorn companies to achieve rapid growth. The plan also calls for actively developing equity pledge and intellectual property pledge guarantee businesses, exploring a "investment, guarantee, and loan" linkage mechanism, and expanding the coverage of science and technology guarantee services. Finally, it supports financing guarantee institutions in providing credit enhancement for the issuance of science and technology innovation bonds.Chairman of the Petroleum Association of Japan: Apart from the Sakhalin-2 project, we have no plans to import crude oil from Russia.Chairman of the Japan Petroleum Association: Ecuador, Colombia, and Mexico are also possible options.Chairman of the Petroleum Institute of Japan: North America is a potential source of alternative crude oil supplies to the Middle East.On March 23, the Guangdong Provincial Local Financial Regulatory Bureau, the Guangdong Provincial Department of Finance, and other departments issued the "Action Plan on Improving the Government-Backed Financing Guarantee System to Support the Five Major Tasks in Finance." The plan outlines key objectives: optimizing the provinces government-backed financing guarantee system; unifying branding, systems, services, and standards; creating the "Guangdong Guarantee" brand; and focusing on the "five major tasks" of technology finance, inclusive finance, green finance, digital finance, and elderly care finance to develop distinctive financing guarantee services. By the end of 2030, the capital strength of government-backed financing guarantee institutions will be significantly enhanced, striving for a 50% increase in capital scale, with the registered capital of provincial guarantee groups and provincial government-backed financing re-guarantee institutions ranking among the top in the country; promoting the annual scale of policy-based financing guarantee business to exceed 100 billion yuan, with the average guarantee fee rate consistently maintained below 1%, and the cumulative scale of financing guarantee business in the province exceeding 2 trillion yuan over five years.
