The Ordos Public Resource Trading Center has implemented several initiatives this year to streamline procedures, paperwork, and costs for enterprises, strengthening the market economy and delivering tangible benefits.

A significant reform is the introduction of a credit commitment letter to replace bid bonds, minimizing capital occupation and reducing transaction costs, allowing businesses to operate with less financial burden.

Efforts have also been made to lower guarantee fees and fully apply preferential pricing policies for small and micro enterprises, with mutual recognition of digital certificates further reducing time and economic costs for companies.

The center has streamlined processes for project entry applications, announcement releases, overnight bid evaluations, and deposit refunds by merging steps and optimizing systems, simplifying the handling of public resource trading platform services and internal approval processes.

These innovative practices address urgent business concerns, not only unleashing market vitality but also delivering efficient, convenient services. The result is a win-win situation that optimizes the business environment and provides a solid foundation for high-quality development.