Yichang has introduced "10 Financial Policies" to encourage and promote the development of financial reform and innovation, and to build the modern megacity, according to the Municipal Finance Office on July 30.

To further promote Yichang\'s industrial upgrading, encourage business startups and innovation, the "10 Financial Policies" were proposed to build exchange platform, improve guarantee and assistance systems, etc. The "10 Financial Policies" require to strengthen the exchange between banks and enterprises, improve the exchange mechanism of major industries, projects and enterprises , encourage and support financial institutions to set up credit specialized institutions for micro-sized and small enterprises and proper use the re-lending of agriculture and small enterprises support to guide the credit resources to the aspects with weak credit support like micro-sized and small enterprises and some agricultural-related subjects. They support state-owned guarantee companies bigger and stronger, and add 200 million yuan capital funds for guarantee companies of small and medium enterprises (SMEs). They also expand the scale of emergency revolving funds for SMEs, and in 2015, Yichang\'s financial emergency revolving funds scaled up to 300 million yuan; microfinance policy was implemented for business startups and employment; they guaranteed financial discount interest funds and enlarged special guarantees. In 2015, Yichang\'s scale of guarantees has enlarged to 100 million yuan. "10 Financial rules" also made provisions for developing financial markets, encouraging innovative financial models, guiding social capital investment, developing direct financing, supporting the development of science and technology finance, accelerating the development of modern insurance, promoting open innovation of finance, optimizing the financial ecological environment, etc. (Reporter: Zhang Liang and Yang Chunyan)