05 July 2024
The Shenzhen Municipal Human Resources and Social Security Bureau, the Shenzhen Municipal Finance Bureau, the Shenzhen Financial Management Bureau, and the Shenzhen Branch of the People’s Bank of China (“the authorities”) issued the “Notice in relation to the “Administrative Measures of Entrepreneurial Guarantee Loan in the Shenzhen Municipality” (“the Notice”) on 5 July 2024. The authorities proposed that eligible individual borrowers are entitled to borrow up to RMB300,000. For small-and-thin-profit enterprises, the maximum loan amount is RMB4 million. The Notice will be effective from 30 September 2024 and will be valid for 5 years.