What are the policies to support direct financing of small and medium-sized enterprises?The article read
The Central Committee of the Communist Party of China (CPC) and The State Council attach great importance to the innovative development of small and medium-sized enterprises (smes), attach great importance to the pivotal role of the capital market in resource allocation, and require smes to further increase the proportion of direct financing.Relevant departments have introduced a series of policies and measures to support high-quality small and medium-sized enterprises to accelerate access to the capital market.1. Carry out classified guidance, precise cultivation and investment and financing docking for “specialized and innovative” smes to be listed, so as to improve their financing ability in the capital market.2. Set up a “specialized and special new” special board in regional equity market promotion.We will explore a green channel for “specialized and innovative” small and medium-sized enterprises to apply for listing on the New Third Board.The Stock exchange and the New Third Board provide full-process and full-cycle consulting services to “specialized, special and new” small and medium-sized enterprises that intend to be listed or listed, optimize the refinancing mechanism of small and medium-sized listed companies, and study expanding the scope of application of classified review.3. Develop more bond varieties suitable for small and medium-sized enterprises through market-oriented mechanisms, improve the mechanism of bond financing and credit enhancement for small and medium-sized enterprises, and expand the scale of bond financing.4. We will improve policies on the development and supervision of venture capital, unblock the process of raising, investing, managing, and withdrawing private equity and venture capital funds, and promote the innovation, entrepreneurship and creation of small and medium-sized enterprises.5. Leverage the role of the National Fund for the development of small and medium-sized enterprises, the State Fund for guiding investment in emerging industries and the State Fund for guiding the application of scientific and technological achievements to increase the scale of direct financing by private capital.We will encourage small and medium-sized enterprises to connect with the capital market through mergers and acquisitions.1. Circular of the Office of the Leading Group for Promoting the Development of Small and Medium-sized Enterprises of The State Council on the issuance of a Practical List for “Specialized, Special and New” Small and medium-sized Enterprises (Enterprises of the Ministry of Industry and Information Technology (2021) No. 170)Notice of the Leading Group Office of The State Council on Printing and Issuing Measures to Enhance the Competitiveness of small and Medium-sized Enterprises (Enterprises of the Ministry of Industry and Information Technology (2021) No. 169)Notice on the Issuance of the 14th Five-Year Plan for Promoting the Development of small and Medium-sized Enterprises (MiIT Joint Regulation (2021) No. 200) click or scan the sunflower code to enter the library of Policies supporting small and medium-sized Enterprises.