Quanzhou's financial reform will set up textile and garment industry ** pilot

The "Overall Plan for the Comprehensive Reform of Financial Service Entity Economy in Quanzhou, Fujian Province" (hereinafter referred to as the "Overall Plan") was approved by the State Council on the 21st. The "Overall Plan" stated that it will carry out trials of investment in petrochemicals, footwear, and textile and garment industries, support the establishment of venture capital investment guidelines, and increase the government's investment in entrepreneurial investment guidance. The steady development of small-dollar companies and qualified small-dollar companies can be converted into rural banks in accordance with relevant regulations. The role of re-guarantee companies in increasing credit and risk sharing will be brought into full play, and various forms of capital injection, risk compensation, rewards and subsidies will be comprehensively used to improve the ability of guarantees.