The list of Enterprises of Good Creditworthiness in 2014-2015 was recently published by the State Administration of Industry and Commerce, with four enterprises from Laiyang city of Yantai, Shandong province making the list.

The four enterprises are Springsnow Food Co., Xinyuan Group, Luhua Group and Hongda Construction Machinery Group Co.

The list divided company's into the categories of national, provincial and municipal, with the national award being the highest honor, with companies having to comply to the strictest criteria.

The companies which receive the national creditworthiness honor will not only receive a boost in popularity but also be eligible to take advantage of preferential policies, as well as being able to bid on projects and receive financial support from the government.

Laiyang has made efforts to improve the city's credit environment in recent years, focusing on enterprises which have good future prospects.

The Laiyang government is encouraging more of the city's enterprises to apply for the creditworthiness awards.