“Over 57.97billion yuan capitals have been obtained from the municipal finance from 2012, which greatly assisted our company’s improvement.”said Wang Xianping- General Manager of the first listing private company of Chenzhou city-Jingui Silver Co., Ltd. “No matter the research on arsenic lead anode mud dearsenization technology or the listing issue were benefited greatly from the government.” In current years, Chenzhou Finance Bureau took the best advantages of leverage of financial capital and policy to improve the development of enterprises.

In 2011, “administration solutions for Chenzhou municipal industry guidance funds”, “temporal administration solutions for Chenzhou municipal special financial capitals”and some other regulated documents were released by Chenzhou Finance Bureau from 2012, on which confirmed the local tax support measures for mining industry’s headquarters economy and enterprises of non-ferrous metals and coal industry. Guidance capitals for six industries as industry, modern agriculture, technology, tourism, culture and modern service industry were set up successively with increasing capitals every year. A competitive distribution mechanism was figured out in Chenzhou city as well. The notice for the collection of projects and arrangement of capitals were published on “Chenzhou Daily” and some other media firstly in 2014. All the capitals strictly followed the procedures of “public declaration, expert review, approval of finance and economics leader group, and publicity” to be arranged accordingly. In current three years, 323million yuan industrial guidance capitals were distributed by Chenzhou municipal finance, which helped to support about 600 projects. 150million yuan special capitals were issued for open economy development, which helped to build 8.356million square meters standard workshops and introduce 906 industrial transfer projects as Philip to be settled down in Chenzhou city, and helped to promote the upgrading and transformation of industry and economic development accordingly.

At the meantime, in order to relive the financing difficulties encountered by enterprises, Chenzhou Finance Bureau took active actions on building the platform for the docking of enterprises and banks to enhance the financing guarantee system construction and optimize the financing condition for enterprises. From January to November, 22million yuan small-sum guarantee loan finance discount capitals were released by Chenzhou Finance Bureau, which helped to increase 1.1billion yuan guarantee amount for small and medium-sized enterprises. Chenzhou Finance Bureau also vigorously promoted the reform of “transforming business tax to value added tax” and resource tax and actively cleared some fees of administration to relieve the burdens of enterprises. From 2009, 163 items of administrative fees were canceled or suspended, and 43 items fees were decreases, which helped to save over 400million yuan to the enterprises.

Assisted with the financial capitals and favorable policies, the enterprises of Chenzhou city kept stable improvement under the severe and complex macro economy situation. In the first 3 quarters of 2014, the added value of above scale industrial enterprises of Chenzhou city was with an increase of 11.4% which was 2.9% and 1.7% higher than national and Hunan provincial level.