Guangdong: By the end of 2030, the capital strength of government-backed financing guarantee institutions will be significantly enhanced, with efforts to increase capital scale by 50%

People’s Financial News, March 23 — The Guangdong Provincial Local Financial Supervision Bureau, the Guangdong Provincial Department of Finance, and other departments have issued the “Action Plan for Improving the Government Financing Guarantee System and Supporting the Implementation of the ‘Five Major Financial Articles’.” The plan’s main goal is to optimize the province’s government financing guarantee system by standardizing identification, systems, services, and standards, creating the “Yue Guarantee” brand, and focusing on the “Five Major Financial Articles”: technology finance, inclusive finance, green finance, digital finance, and pension finance, to develop specialized guarantee services. By the end of 2030, the capital strength of government financing guarantee institutions will significantly increase, aiming for a 50% growth in capital scale, with provincial guarantee groups and provincial government re-guarantee institutions ranking among the top nationwide in registered capital; the policy-based financing guarantee business scale is expected to exceed 100 billion yuan annually, with the average guarantee fee rate remaining below 1%, and the total financing guarantee business scale across the province will exceed 2 trillion yuan over five years.