What types of firms are eligible for these special coronavirus loans?

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Firms Eligible for Special Coronavirus Loans in Shanghai

Companies producing medical supplies and those identified as "backbone enterprises" supplying daily necessities are eligible for special subsidised loans in Shanghai to mitigate the impact of the coronavirus outbreak. Additionally, firms included on a list compiled by the Shanghai branches of the Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission (NDRC) are also considered eligible. These loans aim to provide financial support to key companies involved in preventing and combating the epidemic.
Medical Supply and Daily Necessities Providers

Companies that manufacture medical supplies, such as face masks and protective suits, are explicitly eligible for these special loans. This category also extends to "backbone enterprises" that are crucial for providing essential daily necessities to the public during the crisis. This focus underscores the government's priority in ensuring the availability of critical goods and services.
Firms on MIIT and NDRC Lists

A significant criterion for eligibility is inclusion on a specific list curated by the Shanghai branches of the MIIT and the NDRC. This list identifies companies deemed important in the context of the epidemic response. Seven bankers indicated that lenders in Shanghai have received versions of this list, with one banker seeing a comprehensive list of 194 firms, which included various sectors like restaurant operators and property developers, alongside the more targeted medical and daily necessities providers.
Multinational and Local Companies Identified

The scope of eligible firms includes both multinational corporations and local enterprises. For instance, global companies such as Unilever PLC and 3M Co, through their Shanghai operations like 3M Medical Devices and Materials Manufacturing (Shanghai) Co Ltd and Unilever (China) Co Ltd, have been identified on these lists. Local entities like Shanghai Kindly Enterprise Development Group Co Ltd, Tellgen Corp, Derlar, Shanghai Kaibao Pharmaceutical Co Ltd, and Shanghai Roche Pharmaceuticals Ltd are also named as potentially eligible.

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What types of firms are eligible for these special coronavirus loans?

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