The Development and Reform Commission of Changzhou City has rolled out six new measures to support key enterprises and organizations in the service industry hit hard by COVID-19. 

Photo/CFP

It provides a maximum subsidy of 300,000 yuan for innovative enterprises which are above designated size in the sector and also play important roles in the fight against the pandemic. Meanwhile, innovation-driven enterprises offering logistics solutions can get a maximum subsidy of 500,000 yuan provided they helped ensure the stable supply of daily necessities and transport of production materials.  

In addition, the commission will provide subsidies of up to 500,000 yuan to pilot service industry hubs. Efforts will be made to provide credit-enhancement support for the bond financing of small and micro enterprises, help enterprises tide over difficulties through multiple channels, and ensure the timely transfer of various relief grants at the state, provincial and municipal level. The measures also include early warning of corporate credit risk and response assistance.  

To support the recovery of service industry, the commission will also focus on addressing difficulties in supply chain and continue active policy studies. 

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