At the National Conference on Industry and Informatization held on the 21st, Li Yizhong said that it is expected that 4,800 guarantee institutions in China will provide 850 billion yuan of loan guarantees for 250,000 SMEs this year. Next year, China will continue to increase its support for SME policies, promote the docking of banks and enterprises, ease financing difficulties, make it difficult to guarantee, and reduce the burden on enterprises. In 2010, China will fully implement the policies and measures to promote the development of small and medium-sized enterprises, continuously optimize its development environment, and refine the various divisions clearly defined in the “Several Opinions of the State Council on Further Promoting the Development of Small and Medium-sized Enterprisesâ€, and promote the implementation one by one. We will introduce fiscal and taxation supporting policies such as government procurement as soon as possible, and revise and promulgate SMEs' standardization standards, with a focus on supporting small enterprises and micro-enterprises.
At the same time, coordinate the expansion of the special fund allocation for SME development and accelerate the establishment of the National SME Development Fund. We will implement a halving of income tax on small-scale and low-profit enterprises with an annual taxable amount of 30,000 yuan or less, and a policy of delaying the payment of social insurance premiums or lowering rates for difficult SMEs. We will continue to promote the growth of SMEs, further clean up arbitrary charges, fines and various apportionments, and effectively reduce the burden on enterprises.
Li Yizhong revealed that in 2010, the Ministry of Industry and Information Technology will follow the memorandum of cooperation signed with the four major state-owned commercial banks to improve the credit assessment system for small enterprises, encourage local governments to establish small enterprise loan risk compensation funds, and support the exploration and establishment of village banks. Accelerate the establishment of national and regional re-guarantee institutions, continue to implement business tax reduction and exemption policies for eligible SME credit guarantee institutions, and improve the financial risk subsidy mechanism. In conjunction with the opening of the GEM market, we will actively participate in the listing and development of SMEs. Encourage qualified SMEs to collect bonds and implement pilot projects in the regional IP trading market.
Next year, China's special fund for technological transformation will continue to arrange a certain amount of support for small and medium-sized enterprises, and local governments will also increase relevant capital investment. The country will establish 100 industrial cluster demonstrations to guide enterprises to strengthen supporting cooperation and industrial agglomeration. Formulate the SME service system plan, support the construction of a number of small enterprise entrepreneurship bases, and build 150 public service platforms. Continue to implement the Galaxy training project, complete 200,000 SME operator management training, and support the development of qualified SMEs abroad.
At the same time, coordinate the expansion of the special fund allocation for SME development and accelerate the establishment of the National SME Development Fund. We will implement a halving of income tax on small-scale and low-profit enterprises with an annual taxable amount of 30,000 yuan or less, and a policy of delaying the payment of social insurance premiums or lowering rates for difficult SMEs. We will continue to promote the growth of SMEs, further clean up arbitrary charges, fines and various apportionments, and effectively reduce the burden on enterprises.
Li Yizhong revealed that in 2010, the Ministry of Industry and Information Technology will follow the memorandum of cooperation signed with the four major state-owned commercial banks to improve the credit assessment system for small enterprises, encourage local governments to establish small enterprise loan risk compensation funds, and support the exploration and establishment of village banks. Accelerate the establishment of national and regional re-guarantee institutions, continue to implement business tax reduction and exemption policies for eligible SME credit guarantee institutions, and improve the financial risk subsidy mechanism. In conjunction with the opening of the GEM market, we will actively participate in the listing and development of SMEs. Encourage qualified SMEs to collect bonds and implement pilot projects in the regional IP trading market.
Next year, China's special fund for technological transformation will continue to arrange a certain amount of support for small and medium-sized enterprises, and local governments will also increase relevant capital investment. The country will establish 100 industrial cluster demonstrations to guide enterprises to strengthen supporting cooperation and industrial agglomeration. Formulate the SME service system plan, support the construction of a number of small enterprise entrepreneurship bases, and build 150 public service platforms. Continue to implement the Galaxy training project, complete 200,000 SME operator management training, and support the development of qualified SMEs abroad.
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