The State Council has released a guidance to strengthen financial services for private enterprises, aiming to increase support to conduct direct financing, The Paper reported.

The guidance, released on Thursday, includes acceleration in the progress of initial public offerings and refinancing reviews, and to study the possibility of expanding the scope and scale of targeted convertible bonds issuance.

The securities regulator will also offer supporting measures such as an IPO green channel for enterprises in poor areas. But it is unclear which type of private firms will receive special support.

The guidance aims to establish equal treatment of financing for all types of enterprises, ensuring that the scale of financing is steadily expanding, financing efficiency is significantly improved, financing costs are gradually reduced and financing difficult is effectively alleviated.