Recently the Administrative Committee of Xi'an High-tech Industries Development Zone (XDZ) has released the Trial Measures for Administration of Working Capital Loan Risk Compensation Fund for Environmental Protection Technology Enterprises in Xi'an High-tech Industries Development Zone, raising the proportion of compensation for the working capital loan risk of the enterprises involved in clean production, energy conservation, environmental management, pollution control and haze mitigation.
According to the measures, when an enterprise meeting relevant requirements has delayed in paying its debt principal for more than three months or it has been 180 days after the guarantor makes compensation, the administrative committee will increase the compensation proportion to 40 percent from 30 percent prescribed in the Interim Measures for Administration of Working Capital Loan Risk Compensation Fund for Small & Medium-sized Technology Enterprises in Xi'an High-tech Industries Development Zone. The maximum compensation for a single enterprise shall not exceed RMB1 million.
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