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Shanghai To Help SMEs Resume Work: Securities News

CHINA PRESS
MNI (Singapore)

Shanghai will focus on helping small and medium-sized enterprises to resume operations from the Covid-19 lockdown, the Shanghai Securities News reported. Many SMEs especially in catering, entertainment, maintenance, and logistics were hit hard by the epidemic, the newspaper said. The government will prioritise refunding taxes for SMEs, and it is estimated that enterprises in Shanghai will see relief totaling about CNY140 billion in 2022, the newspaper said. The government will also magnify financing guarantees for SMEs to help them renew their loans, the newspaper said.

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