Core Viewpoint - The Ministry of Finance, in collaboration with other governmental bodies, has issued guidelines to enhance the role of government financing guarantee systems in supporting employment and entrepreneurship, aiming to direct more financial resources towards these areas [1][2]. Group 1: Government Financing Guarantee System - The government financing guarantee system is designed to enhance credit for small and micro enterprises and share risks with financial institutions, serving as a crucial policy tool for financing development, promoting employment, and expanding domestic demand [1]. - A three-tier organizational structure has been established, comprising the National Financing Guarantee Fund, provincial re-guarantee institutions, and municipal and county direct guarantee institutions, involving over 1,500 guarantee agencies with a cumulative re-guarantee business scale exceeding 6.7 trillion yuan, growing at an annual rate of approximately 40% [1]. - From 2024, a special guarantee plan will be implemented to support 40,000 small and medium-sized technology innovation enterprises in obtaining bank loans exceeding 170 billion yuan [1]. Group 2: Employment Support Policies - The guidelines aim to further improve the financing guarantee support system for employment, expanding the scope and intensity of support for employment through guarantees [2]. - A quantitative evaluation and incentive mechanism has been established to shift the focus of guarantee resources from merely increasing quantity to enhancing quality and efficiency [2]. - Employment contribution indicators have been created to assess the impact of financing guarantees on employment growth, linking these indicators to credit limits and re-guarantee fee discounts to lower costs for cooperating institutions [2]. Group 3: Entrepreneurship Support Initiatives - The entrepreneurship guarantee loan subsidy policy is designed to leverage fiscal funds to support key groups such as college graduates, migrant workers, and veterans in their entrepreneurial endeavors [3]. - On average, for every 1 billion yuan in central fiscal subsidies, approximately 5 billion yuan in new entrepreneurship guarantee loans can be generated, supporting around 17,500 individuals in starting businesses [3]. - The guidelines expand support to include previous college graduates and eligible vocational school graduates, aiming to reduce the overall financing costs for entrepreneurial groups and enhance the efficiency of entrepreneurship guarantee loan issuance [3].