Venture(US:VEMLY) Jin Rong Shi Bao·2025-12-28 23:22Core Viewpoint - The core viewpoint of the news is the issuance of the "Guiding Opinions" by the Ministry of Finance, aimed at enhancing the role of government financing guarantee systems to support employment and entrepreneurship, thereby stabilizing employment and expanding domestic demand [3]. Group 1: Government Financing Guarantee System - The guiding opinions emphasize increasing the contribution of government financing guarantees to employment, serving as a crucial policy tool for supporting small and micro enterprises, promoting employment, and expanding domestic demand [3]. - The Ministry of Finance has led the development of a government financing guarantee system, which has involved over 1,500 guarantee institutions, with a cumulative re-guarantee business scale exceeding 6.7 trillion yuan, growing at an annual rate of approximately 40% [3][4]. - The average guarantee fee rate for cooperating institutions has dropped to below 1%, while the comprehensive financing cost for small and micro enterprises has decreased to below 5% [3]. Group 2: Employment Support - It is estimated that every 100 million yuan in guarantees can stabilize employment for over 800 people, with the financing guarantee system having served over 5.7 million small and micro enterprises, stabilizing approximately 59 million jobs [4]. - The guiding opinions establish a quantitative evaluation and incentive mechanism to enhance the employment contribution of government financing guarantees, including a key indicator for employment contribution and two linkage mechanisms [4][5]. Group 3: Support for Key Groups - The guiding opinions focus on enhancing entrepreneurial guarantee loan policies for key groups, including college graduates, migrant workers, and veterans, aiming to leverage fiscal funds to support approximately 1.75 million entrepreneurs for every 100 million yuan in central fiscal subsidies [4][5]. - The opinions propose a differentiated discount mechanism for re-guarantee fees based on employment contribution, with discounts of up to 20% for institutions with higher employment contributions [5]. - The government financing guarantee institutions will gradually reduce or eliminate collateral requirements for labor-intensive small and micro enterprises, thereby lowering the financing entry threshold [5][6].