Guiyang and Gui'an boost startup financing with targeted support

Guiyang City and Gui'an New Area in Southwest China's Guizhou province recently hosted several vibrant and well-attended financing matchmaking events for startup companies.

Over 10 projects have attracted the interest of investment institutions, resulting in preliminary cooperation agreements.

To address the long-standing challenges of difficult and expensive financing, Guiyang and Gui'an have used policy support to systematically connect companies with quality projects to investors and financial institutions.

This includes organizing financing matchmaking meetings and roadshows to facilitate connections between enterprises and investors.

Guiyang and Gui'an launched financing matchmaking events in September, selecting promising projects for focused support. Since November, multiple events have been held at the Guiyang Human Resources and Social Security Public Service Center and Gui'an New Area University Town, with over 30 companies presenting their innovations.

According to new policies, small and micro enterprises can apply for a 50 percent interest subsidy for guaranteed loans of up to 4 million yuan ($551,003.42), a much-anticipated support measure. Moving forward, efforts will focus on analyzing financing needs, improving services, and enhancing the quality of similar events to provide better "one-stop" financing services for enterprises.