1. government loan guarantees refers to all kinds of loans or bonds issued by institutions, units or enterprises guaranteed by local governments, including all kinds of loans approved by local governments and guaranteed by state-owned economic units with special government budgets.

Second, the characteristics of government loan guarantees:

If the object of the loan is the government itself, more legal provisions with guarantee effect are used. Such as restrictive clauses, loan use control clauses and negative guarantee clauses.

The target of government loans is the public and private sectors outside the government, so most lenders require the government, government agencies or the borrower's parent company to provide guarantees.

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