Zheng zheng, the provincial government office of hunan province, has recently published “some initiatives to promote business excellence in hunan province” (hereinafter referred to as “the initiative”), launching 29 specific measures in the areas of policy services, market regulation, factor security, and building a market, rule of law and internationalized first-class business environment。
The initiative is clear, strengthens the advocacy and interpretation of the policy, and establishes a centralized platform for the publication of the policy in hunan province in the context of the `empretec' and the provincial government portal `concerning business'. By the end of july, each provincial department concerned will have proposed at least one waiver of entitlement in the areas of financial awards, financing discounts, tax and fee deductions (suspension), merit honours, talent and steady employment, and will have been realized in the course of the year. Establishment of a mechanism to oversee the entire process of the allocation of funds for the award, to enhance transparency in the declaration of the policy of favouring enterprises and to enable the operation of sunlight。
In the area of market regulation, our province will fully promote the model of machine management, tender management, bid evaluation and management organization “four-barrel” model, develop a system for managing the evaluation of bids for tenders for construction projects, and fully promote the replacement of bonds with bonds to achieve one-time access, province-wide coverage. In law enforcement regulation, a full-process closed-ring management of “screened - evidence-based” - bright code of progress - feedback of results - business evaluated” is introduced. In order to reduce the cost effectively, off-site inspections have been promoted and an enterprise “exempt” mechanism has been established。
In the context of cost reductions, the initiative has launched a combination of fists. In the area of logistics, improve the mechanism for charging for highway differentials, implement a more flexible policy of lower rail prices, speed up the construction of a intermodal transport system for water transport and promote “one vote” full-scale logistics services. On the energy side, deepening the reform of the electricity system, improving the time-consuming electricity policy for businesses and further reducing energy costs for enterprises. With regard to financing, financial institutions throughout the province were specifically directed to lend no less than 23 billion yuan in value of knowledge in 2025, no less than 12 billion yuan in value of business, and more than 12 billion yuan in new letters through the “credit of credit” platform。
In particular, with a view to optimizing the entrepreneurial environment for university students, the initiative makes it clear that under the initial project led by university students, up to 1 million yuan in investment support for entrepreneurial equity is provided through the student entrepreneurship fund; in the case of university graduates, up to 4 million yuan are available for business start-up guarantees, with interest on the loan subsidized by the financial sector at 50 per cent of the real interest rate. In addition, the construction of “youth stations” has been accelerated to meet the real needs of graduates of higher education institutions for job creation in the diaspora。
