Core Insights - The Guangxi Finance Department is enhancing cross-border financial services to support private enterprises in expanding into the ASEAN market through fiscal incentives, expanded enterprise lists, and government-business-bank financial connections [1][2] Group 1: Financial Incentives - Guangxi Finance Department offers a reward of 0.1% on the settlement amount for non-financial enterprises using cross-border RMB for trade settlements exceeding 5 billion RMB, with a maximum annual reward of 1 million RMB per enterprise [1] - A total of 24 million RMB has been allocated for this incentive by 2025 [1] Group 2: Simplified Financial Processes - Financial institutions in Guangxi are streamlining settlement processes and reducing processing times, enabling same-day cross-border RMB remittances with zero fees [1] - Increased interest subsidy support for private enterprises is provided through "Inclusive Business Loans," focusing on key areas like agriculture and industry [1] Group 3: Support for Exporting Enterprises - The support mechanism for private trade and product enterprises has been optimized, offering a loan interest subsidy of 2.88% with a maximum annual subsidy of 10 million RMB per enterprise [2] - The "No Repayment Renewal Loan" policy is introduced to alleviate the cash flow pressure for private enterprises exporting Guangxi's specialty products [2] Group 4: Cross-Border Trade Facilitation - Guangxi organizes government-business cooperation meetings to establish a long-term mechanism for bank-enterprise connections, regularly hosting ASEAN cross-border trade matching events [2] - Financial institutions are encouraged to launch cross-border financing products, with several banks innovating products like "ASEAN Trade Loans" and "Cross-Border Supply Chain Financing," supported by fiscal loan interest subsidies and guarantee fee subsidies [2]

Core Viewpoint - The company, Wanhua Chemical, announced its plan to provide a joint liability guarantee for a loan application of 100 million yuan by its wholly-owned subsidiary, Guangxi Wanhua, to the Industrial and Commercial Bank of China [1] Group 1 - The loan amount is 100 million yuan, categorized as an "industrial loan" with a one-year term [1] - The nominal annual interest rate for the loan is set at 2.11%, but after applying the interest subsidy policy, the effective annual interest rate will be 1.11% [1]