V. Keep improving business environment for foreign investors

a. Implement across the board the Foreign Investment Law and its implementation regulations, and the State Council's Opinions on Further Improving the Utilization of Foreign Investment.

b. Expedite the overhaul of unjustified regulations, and strengthen communication with enterprises to help them gain a better understanding of the laws and regulations and tap fully into policies on finance, taxation, social security, employment and government procurement.

VI. Offer fast credit services and support

a. Launch fast credit products and services to meet the financing needs of small and micro businesses, export enterprises, technology companies, and major projects by harnessing the Fujian Provincial Financial Services Cloud Platform.

b. Encourage banks and other financial institutions to develop online financing products that dovetail with the fast credit products and share the risk in financing.

c. Guide government-backed financing guarantee institutions to provide guarantee and credit enhancement services for the fast credit products through the Financial Services Cloud Platform.

VII. Step up support for corporate bond issuance

a. Enterprises severely affected by the COVID-19 epidemic, but with good asset quality and sound investment performance can issue special bonds and use the freshly raised capital to repay the principal and interest of bonds maturing in 2020.

b. Bond issuance approvals that expire between February and June 2020 will be automatically extended to June 30 with no need of a separate application.

VIII. Cut electricity and gas costs for enterprises

a. Lower electricity costs. The electricity price for general industrial and commercial businesses and large industrial consumers, except those in high energy consuming sectors, will be cut by 5 percent from Feb 1 to June 30, 2020. The supportive two-part pricing policy will be effective until June 30.

b. Enhance oversight of the pipeline transport price and the city-gate price of natural gas. Cut the city-gate price by 5 percent. Ensure that the electricity and gas price cuts are passed on to end users in time and in full.

c. During the epidemic prevention and control period, suppliers of goods for epidemic control who face a liquidity crunch can defer the payment of water, electricity and gas bills.