The Jilin Provincial State-owned Assets Supervision and Administration Commission (SASAC) plans to actively implement a rent reductions and exemptions policy – to reduce the operating burden on small and micro enterprises and individual industrial and commercial concerns in the services sector.

The aim is to improve their trading conditions in Jilin province – located in Northeast China – amid the novel coronavirus outbreak. 

For those designated classes of businesses in the services industry – that are leasing the properties of enterprises supervised by the Jilin SASAC – the rent for three months in 2022 will be exempt.

For those in a county level administrative region, where high-risk areas of the COVID-19 epidemic are located, the rent is exempt for six months.

According to preliminary statistics, this year SASAC-supervised enterprises in Jilin province are projected to reduce or exempt more than 27 million yuan ($4.24 million) in rent for qualifying businesses – benefitting more than 550 companies and individual industrial and commercial ventures.