Shenzhen Implements Relief Measures to Help Local Businesses

Now Shenzhen   |   March 28, 2022

SHENZHEN has rolled out a total of 30 measures to help businesses affected by COVID-19 overcome difficulties, an official said at a press conference held by the city government’s information office Friday afternoon.

The 30 measures, which fall into eight parts, aim to reduce the pressure on businesses and assist them in getting through operational and financing challenges, according to Guo Ziping, director of the Shenzhen Municipal Development and Reform Commission.

The first part covers 10 inclusive relief measures, which include tax and fee reductions, deferred payments or exemption of social insurance premiums, deferred payment or reduction of housing provident fund, refunds of unemployment insurance premiums, rent reduction, utility cost cuts, anti-epidemic subsidies and access to loans and financing guarantees.

The second to seventh parts put forward more specific and targeted relief measures for sectors such as industrial manufacturing, catering, wholesale and retail, cultural, sports and tourism, transportation and logistics, and private kindergartens. The eighth part covers measures to increase the service level provided to businesses.

The measures are expected to save local businesses over 75 billion yuan (US$11.79 billion), according to the press conference.

Specific application guidelines and operating instructions for businesses will be released on the “深i企” platform.

Huang Qiang, deputy secretary-general of the Shenzhen Municipal Government, said at the conference that Shenzhen’s COVID situation is under control and improving.

According to Huang, Shenzhen has successfully curbed the spread of COVID after a period of relentless battle, adding that the city should nevertheless stay vigilant in epidemic prevention and control.

Shenzhen reported single-digit daily new COVID-19 cases for four consecutive days from Wednesday, a municipal health official said yesterday.

Article from: SHENZHEN DAILY