Solve The Problem Of "Financing Difficulty And Financing" Of Small And Medium-Sized Textile Enterprises Steadily

Recently, the Central Committee of the Communist Party of China and the general office of the State Council issued the guiding opinions on promoting the healthy development of small and medium-sized enterprises.

Create a favorable environment for development

Further easing market access.

We should create a fair competition environment in terms of market access, examination and approval, bidding, civil military integration and so on, and provide ample market space.

We should constantly reduce the negative list of market access, promote the universal implementation of "non entry and entry", and maximize access convenience.

Active service for small and medium-sized enterprises.

We should promote the reform of the EIA system, create a fair, open and pparent market environment, and clean up and abolish all the regulations and practices that impede the unified market and fair competition.

Active service enterprises, to the difficulties encountered in the development of enterprises, to "one enterprise, one strategy" to help.

We should implement a fair and unified market supervision system.

We should avoid simple and crude measures to deal with small and medium-sized enterprises in the areas of safety supervision, environmental protection, and micro law enforcement and financial institutions' deleveraging.

Cracked financing difficult financing problems

Improve SME financing policy.

We will further implement the policy of directional reduction of Inclusive Finance.

We should increase the support for small and micro enterprises by rediscount, and focus on supporting the discount of small and micro enterprises under 5 million yuan and the following small bills.

Small and micro enterprise loans with a single household credit of 10 million yuan or less are included in the scope of qualified collateral for medium term lending convenience.

We should actively expand financing channels.

We should further improve the bond issuance mechanism and support the normal bond financing needs of private enterprises operating normally and facing temporary liquidity constraints.

We should vigorously develop high-yield bonds, private debt, double financing special debt financing instruments, venture capital fund bonds, innovative and entrepreneurial enterprises special bonds and other products.

We should guide financial institutions to extend medium and long-term loans to small and micro enterprises and develop continuous loan products.

Support the use of capital market direct financing.

Speed up the initial listing process of small and medium enterprises, and facilitate the listing of small and medium enterprises with prominent and standardized operation.

Lighten the financing burden of enterprises.

Financial institutions are encouraged to expand the financing of export credit insurance policy and export tax refund accounts, so as to meet the financial service needs of import and export enterprises.

To clean up the matters of guaranty, insurance, assessment, notarization and other matters that are mandatory for the financing of small and medium-sized enterprises, so as to reduce the additional expenses in the financing process and reduce the financing cost.

Improve fiscal and tax support policies

Improve financial and tax support for small and micro enterprises.

Implementation of small and micro enterprises financing guarantee reduction fee subsidy policy.

We should further reduce the policy threshold for the discount of venture loans.

We should implement the policy of pre tax deduction for the loan interest income of small and micro enterprises and individual industrial and commercial households under 10 million yuan and small businesses and financial institutions.

Reducing the tax burden of small and medium-sized enterprises.

We should standardize the charges related to enterprises, and speed up the local enterprises' administrative fees.

We should promote substantial tax cuts such as value added tax, and implement universal tax relief for small and micro enterprises and technology start-ups.

According to the actual situation, we should reduce the social insurance premium rate and support the employment of SMEs.

Improve the policy of government procurement to support SMEs.

Giving full play to the leading role of various funds

In 2018, China issued a series of policies and measures in the aspects of finance, taxation, finance, business environment and public services, and achieved positive results.

At the same time, with the changes of the international and domestic market environment, the problems of small and medium enterprises, such as rising production costs, financing difficulties, financing and innovation and development capabilities, are becoming increasingly prominent.

China's textile industry is a labor-intensive industry, and also a capital intensive industry. Some small and medium-sized textile enterprises also face financial institutions' pressure loan, loan collection and loan dragging. Therefore, the industry is eager for the country to improve the financing environment for textile enterprises from the top-level design and ensure the healthy and stable development of the industry.