Efforts will be made to foster a fair and convenient business environment. The views of businesses must be heeded in deciding business-related policies and reasonable transition periods should be arranged. Businesses of all sizes and all types of ownership will be treated as equals in the tendering, land use and other respects under the principle of competitive neutrality.
Unless otherwise stipulated, all restrictions on the minimum registered capital and the equity structure of private firms will be removed when the firms in question invest in resources development, transportation and public utilities.
Stronger innovation capacity will be supported. Catalogues of recommended products and services will be issued to help high-tech SMEs gain better access to the market. Private firms will also be supported in participating in the R&D of core technologies and the formulation of national standards.
Deeper tax and fee cuts will be introduced. Financing services will be improved. The required reserve ratio cuts targeting inclusive finance will be refined. The re-lending policy targeting small firms will be expanded to qualified small and medium-sized banks and the new-type internet banking. Guideline will be issued to exempt liability for credit extended to small and micro-sized businesses under condition of due diligence.
The permitting processes for the listing of private firms and re-finance will be accelerated. Asset management products and insurance funds will be employed in addressing the risks of equity-backed mortgage of listed private firms.
【国内英语资讯:State Council unveils policy support for SME growth】相关文章:
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