Liaoning Province Releases 27 Measures to Further Stabilize Economy Development

On January 20, the People’s Government of Liaoning Province issued Policy Initiatives for Further Stabilizing Economy in Liaoning Province (“Policy Initiatives”). The Policy Initiatives has come into effect since January 20, 2023.

The Policy Initiatives proposes that the People’s Bank of China should arrange for the amount of refinancing and rediscounting to be no less than RMB 70 billion, strengthen governmental financing guarantee support, and give a total subsidy of up to 15 million yuan to listed enterprises in phases. The Policy Initiatives also proposes to promote the steady growth of foreign trade and foreign investment. For the high-quality foreign-invested projects with a new establishment of more than USD 50 million and a capital increase of more than USD 30 million, rewards will be given according to the proportion of the actual foreign investment not higher than 2%, with a maximum reward of RMB 10 million.