To alleviate problems of liquidity for enterprises, Xiamen integrated "fiscal policy and financial instruments," a commonly implemented method. For this, they were publicly commended by the General Office of the State Council. To support the development of enterprises and promote the transformation of the industrialized sector, Xiamen has set up a technological innovation fund, totaling 15 billion yuan. This fund provides industrial and software information technology enterprises with assistance to increase capital and expand production. Xiamen established a credit enhancement fund for small and medium-sized enterprises (SMEs) aimed at ameliorating acute financing problems. This has provided more than 10-billion yuan of credit financing for over 4,000 SMEs in the city of Xiamen. It has also set up an emergency loan repayment fund, scaled at 2 billion yuan, aimed at easing the liquidity squeeze impacting enterprises. This will boost support for export credit insurance, helping enterprises hedge against any foreign trade risks. Additionally, Xiamen has set up a fund for the development and innovation of the industrial chain, which will propel real economic development. With a total scale of 5 billion yuan and an initial scale of 2 billion yuan, it aims to create a new model of fund investment.
