State Council Supports Small And Micro Enterprises Listing And Financing

Support small and micro enterprises listed financing, the central government allocated 15 billion yuan to set up SME development fund.

Following last year's State Council's introduction of financial and taxation "nine states" to support the development of small and micro enterprises, Premier Wen Jiabao chaired a State Council executive meeting yesterday.

The analysis indicates that the listing threshold of domestic capital market is small and small.

At the national financial work conference held in January 6th, Wen Jiabao pointed out that we should "focus on solving the financing difficulties of small and micro enterprises", "strengthen the construction of capital market suitable for small micro enterprise financing, increase the support of small and medium enterprises board and gem to small micro enterprises, and encourage venture capital institutions and equity investment institutions to invest in small and micro enterprises".

In February 1st, Wen Jiabao once again declared the outstanding problems of financing difficulties for small and micro enterprises to give policy support. He stressed the support of small and micro enterprises in listing and financing, and set up a small business credit reward assessment system, and will support eligible conditions.

"Relatively earlier, this support policy has already had quantitative data, which is conducive to the smooth implementation of the policy."

Chen Naixing, director of the Research Institute of the Institute of industrial economics of the Chinese Academy of Social Sciences, said that the 15 billion yuan SME development fund will become the "seed money" to support the development of small and medium-sized enterprises. This part of the funds will become a "stepping stone" to support the development of small and micro enterprises.

On the other hand, the establishment of public service platform can also provide more legal aid and entrepreneurship for small and micro enterprises.

Xu Fengxian, a researcher at the Institute of economics, Chinese Academy of Social Sciences, predicts that not all small and micro businesses can enjoy policy support.

"Since last year, China has gradually introduced a number of small and micro enterprise income tax cut time extension, increase the value added tax business tax levy and other measures, but from the perspective of policy support, preferential policies will be more inclined to technology oriented, entrepreneurial enterprises.

On the contrary, some low and high energy consuming small and micro businesses may not enjoy too much discount.

At the same time, Wang Jun, Vice Minister of the research center of China International Economic Exchange Center, pointed out that while supporting policies at the same time, small and micro enterprises themselves should enhance their competitiveness through improving credit and changing development ideas, so as to better participate in market competition.