Guangdong has unveiled innovative strategies aimed at decreasing the financing costs for manufacturing and high-tech enterprises. Eligible new bank loans will now benefit from interest subsidy support of up to 35%, with a comprehensive annual subsidy cap of 200 billion yuan. Individual enterprises can receive an annual subsidy of up to 20 million yuan. Furthermore, Guangdong is broadening the scope of government-backed financing guarantees, aiming to ensure that the annual guaranteed financing volume surpasses 100 billion yuan. To reinforce these efforts, the province encourages cities to devise and implement corresponding policies.