Guangzhou introduces new regulations to support small and medium-sized enterprises, with a maximum annual credit risk compensation of 15 billion yuan.

In order to solve the problems of "belonging to multiple departments, inconsistent standards, and difficult process connection" in the compensation policies for three types of risks in breaking the original universal loans, technology-based enterprise credit, and intellectual property pledge financing, further integration of financial resources and enhancement of policy efficiency, recently, the Guangzhou Local Financial Supervision and Administration Bureau issued the "Guangzhou City Credit Risk Compensation Mechanism Management Measures." The "Measures" first established a "government-bank + government-guarantee" dual-mode risk sharing mechanism, with the annual compensation limit set at 1.5 billion yuan. It also specifies the compensation objects and standards, risk compensation limits and stop lines, application procedures, and other content.