SME Development Fund Of The State Council Promotes Entrepreneurship Plan

The Executive Council of the State Council decided to set up a national SME development fund.

The central government has invested 15 billion yuan in the integration of funds and set up a national SME development fund with a total scale of 60 billion yuan to stimulate the "double creation" capability of SMEs.

The fund adopts a limited partnership in principle, and its fundraising, establishment, management, income distribution and expiration date are all operated according to the principle of marketization.

We should attract more dividends from social investors and make appropriate profits from state capital contributions.

To stimulate the vitality of SMEs.

The meeting held that the reform and innovation investment and financing mechanism, strengthen directional regulation, make the active fiscal policy more precise and effective, alleviate the financing difficulties and financing of SMEs, and expand employment.

It is of great significance to enhance innovation and enhance the development of new kinetic energy.

The meeting decided that central finance should be integrated.

A total of 15 billion yuan will be invested, and the leverage mechanism and multiplier effect will be brought into play in the innovation mechanism, so as to attract private and state-owned enterprises, financial institutions and local governments to participate in the establishment of a national SME development fund with a total scale of 60 billion yuan. Through the establishment of parent funds and direct investment funds, the development of small and medium sized enterprises in seed stage and initial stage should be mainly supported by market oriented approach.

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From the Yunnan provincial Party committee, Yunnan plans to implement 565 projects in the "five nets" infrastructure in the past five years, and invest more than 1 trillion and 600 billion yuan to fundamentally change the backward infrastructure in Yunnan.

According to Xinhua news agency, September 1st, pportation and other infrastructures are lagging behind, which has become the biggest "bottleneck" that restricts the economic and social development of Yunnan. Yunnan has proposed 5 years of general assembly network construction, including road network, aviation network, energy protection network, water network, Internet and other five infrastructure networks, including 173 new projects with a total investment of 656 billion 900 million yuan and 392 new construction projects with a total investment of 951 billion 400 million yuan.

Yunnan will give strong support to these projects in the aspects of finance, land and examination and approval. While innovating financial cooperation, we should choose the National Expressway new construction projects with better basic conditions and characteristics to popularize the PPP mode.

Li Jiheng, Secretary of the Yunnan provincial Party committee, introduced that in May 2013, Yunnan province launched the 3 year critical battle for the comprehensive pport infrastructure construction, and achieved remarkable results.

Since 2013, the construction of Yunnan's comprehensive pport infrastructure has invested 249 billion 138 million yuan. By the end of this year, the total mileage of the whole province will reach 230 thousand km, and the mileage of Railways will be 2980 km, and the operation and construction of civil pport airports will reach 16.

"Speeding up the construction of the five major infrastructure networks and the highway network in Central Yunnan is an important measure for Yunnan to promote regional coordinated development and build a well-off society in an all-round way in the same time as the whole country. It is the basic support for Yunnan to actively serve and integrate into the national development strategy and build a radiative heart for South Asia and Southeast Asia."

Li Jiheng said that the objectives and tasks of the five major infrastructural facilities have corresponding foundations and conditions and are fully capable of achieving them on schedule.

A shares in Yunnan involve five major infrastructure construction, listed companies, celebrities, Yunnan city investment, Wenshan electric power and Nantian information.