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Guangzhou helps Taiwan-invested company resume production

eguangzhou.gov.cn | Updated:2020-02-21

Guangzhou's Taiwan affairs office released a document on frequently asked questions and their answers regarding Taiwan-invested companies in Guangzhou resuming production on Feb 18.

It is expected that the document will help these companies to resume production in an orderly fashion and to start normal operation as soon as possible.

The document focused on three areas, namely comprehensive service guarantee, tax and fee reduction, as well as employment and employees' rights protection.

Local financial institutions like the Bank of Guangzhou and the Guangzhou Rural Commercial Bank have planned to increase the amount of loans for micro-, small-, and medium-sized enterprises (MSMEs) to 57 billion yuan ($8.12 billion) to meet their needs.

The interest rates for loans to newly launched MSMEs will be lowered by no less than 10 percent compared with that in last year. 

For companies influenced greatly by the novel coronavirus epidemic in industries like transportation, dining, accommodation, and tourism, the maximum carryover period of the losses incurred this year will be extended to eight years from the previous five years.


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