The Government Of Zhejiang Has Introduced Policies To Support The Development Of Small And Medium-Sized Enterprises.

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"We will implement differentiated supervision of SMEs' financial services."

Ding Minzhe, director of Zhejiang financial affairs office, said that this "differential regulation" is mainly reflected in four aspects: institutional setup differentiation, assessment differentiation, risk tolerance differentiation, and financial product innovation differentiation, so as to fully meet the reasonable credit demand of SMEs.

Take Wenzhou as an example, major banks in Wenzhou recently applied for additional applications to their respective headquarters.

According to Ding Minzhe, in order to solve the financing difficulties of current enterprises, especially small and medium-sized enterprises, they will mainly grasp three forces: first, to promote the listing of enterprises; the two is to promote the development of the equity investment industry in the whole province; the key is to promote the construction of China's private equity industrial base; three, to encourage the return of Zhejiang businessmen in and out of the province, so that funds can be repatriation.

Ding Minzhe said that at present, there are about 270 listed companies in Zhejiang, of which 212 are listed in China, with a total market value of 1 trillion and 300 billion yuan, plus 2 trillion yuan of social quality assets controlled by association.

By the end of 12th Five-Year, there will be about 500 listed companies according to the plan, and the assets will exceed 50% of the industrial enterprises in the whole province.

In order to support the development and growth of technology-based small and medium-sized enterprises in the initial stage and growing stage, Zhejiang has invested funds from the public to attract private capital and set up a venture capital guiding fund.

According to Qian Juyan, director of the Zhejiang Provincial Department of finance, 8 venture capital funds totaled 750 million yuan, with a total fund size of 2 billion 600 million yuan.

Zhejiang has also invested in the small and medium-sized high-tech enterprises that have not been listed for more than 2 years by investing in equity investment in venture capital enterprises. In accordance with the 70% of its investment amount, the venture capital company will deduct the investment amount of the venture capital company for 2 years.