WANG Dongwei of the Ministry of Finance: Since the 14th Five-Year Plan, government financing guarantees have supported over 300,000 small and medium-sized science and technology innovation enterprises in obtaining approximately 800 billion yuan in loans.

WANG Dongwei, the deputy minister of the Ministry of Finance, said at a press conference themed "High - quality Completion of the 14th Five - Year Plan" held by the State Council Information Office on September 12 that since the 14th Five - Year Plan period, government - financed financing guarantees have cumulatively supported over 300,000 small and medium - sized high - tech innovation enterprises to obtain about 800 billion yuan in loans, and the average guarantee rate has dropped below 1%. The Ministry of Finance will continue to increase fiscal support and focus on improving the efficiency of science and technology investment. (Securities Times)