It was recently announced that Nanning has been selected as a pilot city in the third batch of the national industry-finance cooperation program by the Ministry of Industry and Information Technology, the Ministry of Finance, and the People's Bank of China.
It is reported that being chosen as a pilot city for industry-finance cooperation means that Nanning’s industries will receive more financial support in the future. Official in charge of the Nanning Municipal Bureau of Industry and Information Technology, Nanning will fully leverage the opportunities presented by its pilot city status, strengthening the coordination between fiscal, financial, and industrial policies to enhance the contribution of finance to economic growth. The city will also advance the deep integration of technology and finance to better serve tech-based enterprises, encourage financial institutions to develop innovative products such as "Digital Transformation Loans" to support the digital transformation of small and medium-sized enterprises, and continue to deepen green finance reforms to support businesses in transitioning to green and low-carbon practices.
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