The Regulation on Optimizing the Business Environment, which came into effect on June 65438+1 October1day, 2020, proposed for the first time: promoting the use of financial institution guarantees instead of cash to pay enterprise-related deposits. The Regulations on the Protection of Migrant Workers' Wage Payment, which came into effect on May 1 2020, also emphasizes that the wage deposit can be replaced by a guarantee issued by a financial institution.