Preferential financial policies will soon be implemented in Shandong to drive financial developments in the Yellow River Delta.

Loans provided to the Yellow River Delta by provincial-level banks in Shandong will be an important part of the banks comprehensive evaluation. Those banks whose lending rate increases by two percent higher than Shandong’s average increase rate will get rewards from Shandong government.

New rural financial organizations in the Yellow River Delta with good economic and social benefits will be included into Shandong’s funds support targeted at the province’s service industry.

Shandong provincial government will also encourage its cities to improve its risk compensation system for those engaged in financing organizations and also to share relevant compensation schemes with those organizations.

Provincial-level start-up funds will give priority to the Yellow River Delta. Local governments in the Yellow River Delta will create special funds to support medium and small sized enterprises in the Yellow River Delta.

Preferential policies on residence registration, healthcare, children education, residence and training will also be implemented in a bid to attract financial talents to settle and work at the Yellow River Delta.

By Zhao Ruixue (China Daily Shandong Bureau)

Editor: Li Jing