{"id":786,"date":"2020-04-06T08:26:33","date_gmt":"2020-04-06T08:26:33","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=786"},"modified":"2021-01-22T15:47:36","modified_gmt":"2021-01-22T07:47:36","slug":"guangdong-issues-new-policy-to-boost-employment","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/guangdong-issues-new-policy-to-boost-employment\/","title":{"rendered":"Guangdong Issues New Policy To Boost Employment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"786\" class=\"elementor elementor-786\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31500fd2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"31500fd2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3466b332\" data-id=\"3466b332\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78a6bfbd elementor-widget elementor-widget-text-editor\" data-id=\"78a6bfbd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p><span style=\"color: #000000;\">After a month-long economic pause to contain the coronavirus, the<\/span> <span style=\"color: #00ccff;\"><a style=\"color: #00ccff;\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3064952\/coronavirus-chinas-manufacturing-heartland-almost-back-normal\">primary benefactors of such policies are big businesses<\/a><\/span> <span style=\"color: #000000;\">\u2013 with many SMEs still struggling to return to normal levels. To overcome this discrepancy, Guangdong Province has issued several new initiatives to help stabilise work across the region:<\/span><\/p>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"color: #000000;\">Enterprises that cannot pay their premiums due to the COVID-19 outbreaks can defer their payments until three months after the end of the epidemic (with no surcharge imposed). A deferred payment includes: employee basic insurance (ie. endowment, basic medical, unemployment, work-related injuries and contributions to the housing provident fund).<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"color: #000000;\">Financial institutions will receive government support to raise the tolerance of non-performing loans for SMEs, whereas medium- and long-term fiduciary loans will be increased for SME manufacturing enterprises. <\/span><\/li>\n<li><span style=\"color: #000000;\">More jobs will be created through investments and improvements to the registered capital system for fixed asset investment projects. Capital ratios will also be regulated and determined based on the nature of the investment project.<\/span><\/li>\n<li><span style=\"color: #000000;\">Policies for discounting the interest of guaranteed start-up loans will be introduced. Qualifying small- and micro-sized labour intensive and technology-based enterprises will receive guaranteed loans of up to RMB 5 million with discounted interest rates.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<p>\u00a0<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d88895 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d88895\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-afe2eaa\" data-id=\"afe2eaa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f3c09a4 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f3c09a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ecf22f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ecf22f6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-382ffe4\" data-id=\"382ffe4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cf75223 elementor-widget elementor-widget-text-editor\" data-id=\"cf75223\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"alignnone  wp-image-296\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2020\/03\/icon-share-yt.svg\" alt=\"HKTDC sourcing\" width=\"40\" height=\"40\" \/> To learn more about Guangdong\u2019s employment and enterprise initiatives,<\/span> <a href=\"https:\/\/hkmb.hktdc.com\/en\/1X0AK1Q7\/hktdc-research\/Guangdong-Unveils-Policy-Measures-to-Boost-Employment\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #00ccff;\">click here<\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>After a month-long economic pause to contain the coronavirus, the primary benefactors of such policies are big businesses \u2013 with many SMEs still struggling to &hellip; <\/p>\n","protected":false},"author":2,"featured_media":4933,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,3],"tags":[],"class_list":["post-786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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