SMALL AND MEDIUM-SIZED ENTERPRISES

Further to the 23 May executive meeting, the State Council yesterday published the circular detailing the 33 economy stabilising measures. More

A 14th Five-Year Plan for promoting the development of small and medium-sized enterprises (SMEs) recently unveiled by the State Council sets out targets of increasing the per-capita operating income of SMEs by over 18%, increasing the R&D expenditure of small industrial enterprises above a designated scale by over 10% on average annually, and achieving an average annual growth rate of over 10% in the number of patent applications by the end of 2025. More

Chinese Premier Li Keqiang recently signed the State Council Decree No. 728, announcing Regulations on Ensuring Payments to Small and Medium-Sized Enterprises (SMEs) which will take effect on 1 September. More

The People’s Bank of China and seven other departments recently issued a guideline on further strengthening financial services to micro, small and medium-sized businesses (Yin Fa No. 120 [2020]), putting forward 30 requirements and measures in seven respects, including credit support policy, enhancement of financial services capacity, improvement of external policy environment and incentive and restraint mechanisms... More