The Shandong branches of several financial institutions and small- and micro- financial businesses have received financial support from the provincial government, according to the Provincial Department of Finance.

60 million yuan (US$9.8 million), used for compensation and incentives of credit risk, has been allocated to arouse financial companies’ initiative and grant loans to small- and micro-enterprises. The aim is to channel credit funds to support real economic development and alleviate the financial difficulties facing small- and micro-businesses.