On April 11, the Information Office of Liaoning Provincial People’s Government held a press conference, presenting Liaoning’s efforts to implement monetary and credit policies to support the high-quality development of the real economy.

To provide better financial services, Liaoning has issued the “Guideline for the Construction of Standardized Financial Services for the Aging Population.” At the same time, the province is actively implementing plans for establishing payment service demonstration zones in key areas such as airports, aiming to comprehensively optimize the local payment service environment. And the focus will be on seven major scenarios including food, housing, transportation, tourism, shopping, entertainment, and healthcare, with the goal of improving cash payment services.

Currently, Liaoning is speeding up efforts to build a hub for opening-up and cooperation in Northeast Asia, expanding cooperation opportunities. Specifically, the province will make concerted efforts to implement measures to facilitate financing and investment in cross-border trade, widen market access in a reasonable manner, and enhance support for SMEs that use specialized and sophisticated technologies to produce novel and unique products. Three integrated application models will be launched, namely, direct foreign investment, cross-border financing for domestic enterprises, and overseas investment by domestic enterprises, to help companies make good use of both domestic and overseas markets and resources. What’s more, for SMEs that are driven by high-tech and sci-tech, and use specialized and sophisticated technologies to produce novel and unique products, the province will introduce a new policy on facilitating cross-border financing limits, which allows eligible enterprises to independently borrow foreign debt within the equivalent limit of five million US dollars.

Liaoning will also continue to strengthen financial supply in key strategies, major areas and weak links, and improve the quality and efficiency of serving the real economy. The province will increase credit supply in transportation, energy, ecological protection, municipal parks and rural infrastructure projects. It will shore up weak links in the industrial and supply chains of major competitive industry clusters including fine chemicals and metallurgical materials. Moreover, Liaoning will enhance its support for strategic emerging industries and future-oriented industries such as high-end manufacturing, aerospace, integrated circuit equipment, and robotics.