CFIC Introduction
On October 14, at the theme conference of the State Council Information Office on "Increasing the Efforts to Help Enterprises", the State Administration for Market Regulation, the Ministry of Justice, the Ministry of Industry and Information Technology, and the State Administration of Financial Supervision appeared on the same stage, introducing a package of policies and measures to help enterprises, especially small and medium-sized enterprises, develop throughout the life cycle, and strive to solve the pain points and difficulties of enterprise development.
Original title: Just now, a package of favorable policies is coming! On October 14, at the theme conference of the State Council Information Office on "Increasing the Efforts to Help Enterprises", the State Administration for Market Regulation, the Ministry of Justice, the Ministry of Industry and Information Technology, and the State Administration of Financial Supervision appeared on the same stage, introducing a package of policies and measures to help enterprises, especially small and medium-sized enterprises, develop throughout the life cycle, and strive to solve the pain points and difficulties of enterprise development.
Quick Facts
Relevant opinions have been issued to encourage platforms to rationally allocate traffic resources
Establish a coordination mechanism to support the financing of small and micro enterprises, and reduce the comprehensive financing costs of small and micro enterprises in general
Innovate and implement the credit enhancement policy of quality financing, and achieve an annual credit line of 300 billion yuan
There are about 36,000 projects under construction in the industrial sector and under construction within the year, which is expected to drive investment of more than 11 trillion yuan in the next three years
Cultivate and expand new quality productivity such as low-altitude economy and intelligent manufacturing, and introduce implementation opinions to promote the innovation and development of future industries
The Ministry of Industry and Information Technology (MIIT) will work with the China Securities Regulatory Commission (CSRC) to launch the third batch of regional equity market "specialized, special and new" special boards, and sign a strategic cooperation agreement with the Beijing Stock Exchange to further smooth the financing channels for the capital market of specialized, special and new small and medium-sized enterprises
Establish a unified national unicorn enterprise cultivation system with ministry-provincial linkage, increase financial support for unicorn enterprises, and support the listing, mergers and acquisitions, and restructuring of unicorn enterprises
We will further optimize the business environment based on the rule of law, so that private enterprises and entrepreneurs can work and develop with peace of mind
At the press conference on the issuance of opinions to encourage platforms to rationally allocate traffic resources, Luo Wen, director of the State Administration for Market Regulation, said that it is necessary to guide platform enterprises to use traffic to help platform merchants enhance brand awareness and expand market transaction volume. He revealed that the "Opinions on Guiding Online Trading Platforms to Play a Positive Role in Traffic and Supporting the Development of Small and Medium-sized Business Entities" will be issued to encourage online trading platform enterprises to rationally allocate traffic resources and tilt towards key project commercial operators, that is, to agricultural product business entities, characteristic business entities, and new business entities. At the same time, combined with large-scale promotions and other activities, we will increase the traffic support for platform enterprises and merchants, help enterprises and merchants improve the efficiency of traffic utilization, improve the level of operation and management, and fully stimulate the endogenous power and market vitality of the business entities in the platform. In addition, Luo Wen said that in response to local protection, market segmentation and other issues, the State Administration for Market Regulation will introduce and implement more rigid institutional measures. Accelerate the process of revising the Anti-Unfair Competition Law to prevent and stop acts of unfair competition. Establish a working mechanism to support the financing coordination of small and micro enterprises, deputy director of the State Administration of Financial Supervision, said that the bureau has recently introduced a series of measures to help enterprises, and the focus of these measures is to open up the blocking points and stuck points of small and micro enterprise financing, optimize the business environment, smooth financing channels, and strive to achieve no reduction in service and better prices. According to Conglin, by the end of August this year, the balance of RMB loans was 252.02 trillion yuan, a year-on-year increase of 8.5%, and insurance companies provided various financing support of more than 28.8 trillion yuan through bonds, stocks and other means. From a structural point of view, support for relevant key areas has continued to increase. Inclusive loans to small and micro enterprises increased by 16.1% year-on-year, and loans to private enterprises increased by more than 9% year-on-year. In terms of prices, interest rates are stable and falling. From January to August this year, the interest rate on newly issued inclusive small and micro enterprise loans fell by 0.4 percentage points year-on-year. Cong Cong said that recently, the State Administration of Financial Supervision has optimized the policy of renewing loans without principal repayment to help business entities alleviate the difficulties of capital turnover. This policy not only covers small and micro enterprises, but also expands to medium-sized enterprises in stages. At the same time, the State Administration of Financial Supervision and the National Development and Reform Commission will establish a coordinated working mechanism to support the financing of small and micro enterprises. Cong Cong said that the core of this mechanism is to establish a special working group at the district and county level to build a bridge for precise docking between banks and enterprises. On the enterprise side, we should have a comprehensive understanding of the actual operating conditions of the enterprises under our jurisdiction, so as to have a clear idea of what to do, provide accurate assistance, and effectively solve the financing difficulties of the enterprises. On the bank side, dredge the blockages and stuck points of information transmission and capital transmission. "In the near future, the State Administration of Financial Supervision will hold a special meeting to deploy a coordinated working mechanism for the financing of small and micro enterprises." The jungle is revealed. Cong Cong said that he hopes that the financing coordination mechanism for small and micro enterprises can achieve three goals. The first is to go directly to the grassroots, and low-cost credit funds should go directly to the grassroots to open up the "last mile" of benefiting enterprises and people. Second, it is fast and convenient, in principle, the bank should make a decision on whether to grant credit within one month, and for eligible corporate banks, it should open up a green channel, optimize the process, and speed up the processing. Third, the interest rate should be appropriate, and the comprehensive financing cost of small and micro enterprises should be reduced by saving the cost of information collection, reducing intermediate links, and reducing lending costs and additional fees. Luo Wen also said that he will work with relevant departments to innovate and implement the credit enhancement policy of quality financing. Promote the quality and reputation as the basis for enterprise financing. Efforts should be made to promote financial institutions to incorporate the quality and reputation elements of enterprises, such as quality capabilities, quality management, and quality brands, into the credit approval and risk management models of enterprises, especially to tailor financial products and services for small, medium and micro enterprises, and implement differentiated arrangements in terms of credit lines, interest rates, financing terms, and repayment methods, so as to improve the availability and convenience of financing for enterprises. At the same time, we will promote the combination of equity, funds, bonds and other financing tools, and achieve a credit line of 300 billion yuan per year for quality financing, which will fully benefit all kinds of enterprises. In the fourth quarter, the Ministry of Industry and Information Technology will further promote consumption and expand domestic demand, and in response to the lack of orders from enterprises, Wang Jiangping, Vice Minister of the Ministry of Industry and Information Technology, said that in the fourth quarter, the Ministry of Industry and Information Technology will work with relevant departments to launch a number of specific measures to promote consumption and expand domestic demand to help enterprises expand the market and release vitality. In terms of investment, at present, there are about 36,000 projects under construction in the industrial field and under construction within the year, and it is expected that more than 11 trillion yuan of investment will be driven in the next three years. In addition, deepen the application of scenarios, and cultivate and expand new quality productivity such as low-altitude economy and intelligent manufacturing. Wang Jiangping said that guided by the construction of low-altitude industrial ecology, we will support the advantageous areas with better airspace resources and rich application scenarios to take the lead in the trial, build a low-altitude multi-scenario application demonstration system according to local conditions, accelerate the cultivation of new low-altitude consumption formats such as low-altitude logistics, urban and intercity air mobility, and low-altitude cultural tourism, expand new models such as agriculture and forestry plant protection, inspection and inspection, and emergency rescue, and create a new engine for economic growth. We will issue implementation opinions to promote the innovation and development of future industries, and vigorously develop new fields and new tracks such as humanoid robots, brain-computer interfaces, and 6G. At the same time, we will support enterprises to create an "upgraded version" of intelligent manufacturing, focus on the application of intelligent manufacturing technology in typical industries, and gradually cultivate a number of basic, advanced, excellent, and pilot-level smart factories. Supporting the listing, mergers and acquisitions and restructuring of unicorn enterprisesWang Jiangping introduced that at present, 141,000 specialized, special and new small and medium-sized enterprises and 14,600 specialized and special new "little giant" enterprises have emerged in the mainland. He said that in the near future, the Ministry of Industry and Information Technology will jointly launch the third batch of regional equity market "specialized, special and new" special boards, and sign a strategic cooperation agreement with the Beijing Stock Exchange to further smooth the financing channels of the capital market for specialized, special and new small and medium-sized enterprises; In conjunction with relevant departments, we will focus on key industrial chains, launch the "January One Chain" SME financing promotion national activity, and promote the precise docking of financial institutions and SMEs on the chain. Among small and medium-sized enterprises, Wang Jiangping specifically mentioned the growth of unicorn enterprises. He said that the Ministry of Industry and Information Technology will take the following measures to promote and support the development of unicorn enterprises in the mainland. The first is to establish a unified national unicorn enterprise cultivation system with linkage between ministries and provinces. The second is to support the technological innovation of unicorn enterprises, encourage and guide unicorn enterprises to carry out technical research around national strategic needs, and master more "unique skills". The third is to increase financial support for unicorn enterprises, give full play to the role of industry and finance cooperation platforms, and support the listing, mergers and acquisitions, and restructuring of unicorn enterprises. Fourth, we will look forward to the layout of future industries, focusing on new fields and new tracks such as atomic-level manufacturing, brain-computer interfaces, and 6G, and develop and expand unicorn enterprises. Fifth, support unicorn enterprises to integrate into the global innovation network and carry out innovation cooperation. He also stressed that international innovation teams are especially welcome to start businesses in China, and foreign investment in unicorn enterprises in China is also welcome. Let private enterprises and entrepreneurs rest assured that they can work and develop with peace of mindFor the draft law on the promotion of the private economy that is being openly solicited opinions, Hu Weilie, vice minister of justice, introduced that the draft for the first time will be "two unwavering" and "cultivate and promote the entrepreneurial spirit" into the law, and make it clear that "promoting the sustained, healthy and high-quality development of the private economy is a major policy that the state has adhered to for a long time", which fully shows that promoting the development of the private economy is a major policy that the party and the state have consistently adhered to for a long time. After these contents become the legal system, they will have stability and rigid constraints, which will surely promote the sustained, healthy and high-quality development of the private economy, and create a better environment for the common development of various ownership economies, including the private economy. Specifically, the draft strengthens the supervision of administrative law enforcement, standardizes the procedures for law enforcement inspections, and stipulates that administrative punishments shall be commensurate with the facts, nature, circumstances and degree of social harm of the violation. Requests for the implementation of compulsory measures restricting personal liberty must be in accordance with statutory authority, conditions, and procedures; Assets must not be sealed, seized, or frozen beyond authority, scope, amount, or time limit. It is forbidden to use administrative or criminal means to illegally intervene in economic disputes. Resolutely curb acts such as arbitrary fines, inspections, and seizures. These provide basic rule of law principles and legal compliance for enterprise-related law enforcement and supervision, and will further optimize the business environment under the rule of law, so that private enterprises and entrepreneurs can work with confidence and develop with peace of mind.
Source of this article: China Securities Journal
Author: Yang Jie, Chen Lu
The four departments have introduced six specific policies and measures to increase the intensity of assistance to enterprises
At a press conference held by the State Council Information Office, Luo Wen, director of the State Administration for Market Regulation, the Ministry of Industry and Information Technology, the Ministry of Justice, and the State Administration of Financial Supervision introduced the specific policies and measures of the State Administration for Market Regulation, the Ministry of Industry and Information Technology, the Ministry of Justice, and the State Administration of Financial Supervision to help enterprises in six aspects. The first is to accurately support the development of different business entities. It is necessary to focus on solving the practical difficulties faced by small and micro business entities in production and operation, and continue to increase the classification and classification of individual industrial and commercial households. It is necessary to promote the common and coordinated development of platform enterprises and merchants within the platform, and pay close attention to the introduction of specific measures to guide platform enterprises to play an active role in traffic and support the development of small, medium and micro business entities. Effectively help small and medium-sized enterprises with certain advantages to improve their innovation capabilities and professional level, and accelerate the high-quality development of specialized, special and new small and medium-sized enterprises and "little giant" enterprises. The second is to effectively reduce the burden on enterprises. It is necessary to increase efforts to reduce institutional transaction costs, vigorously promote the reform of "doing one thing efficiently", and promote the transformation of enterprises from "multiple places, multiple windows, and multiple times" to "one place, one window, and one time". It is necessary to make great efforts to reduce the burden on enterprises, focus on key charging subjects and key industries, organize and carry out special inspections and key spot checks on illegal charges related to enterprises, speed up the progress of illegal fee refunds, and let enterprises get benefits as soon as possible. It is necessary to continue to make efforts to improve the long-term supervision mechanism of enterprise-related fees, promote the revision of the regulations on ensuring the payment of small and medium-sized enterprises, and effectively safeguard the legitimate rights and interests of enterprises. Third, it is necessary to create a market environment of fair competition. In response to issues such as local protection and market segmentation, more rigid institutional measures will be introduced and implemented. Accelerate the process of revising the Anti-Unfair Competition Law to prevent and stop acts of unfair competition. We will do a good job in implementing the "Regulations on the Review of Fair Competition", promote the clean-up of policies and measures that hinder the unified market and fair competition, and further unleash the potential of the mainland's super-large-scale market. Vigorously promote the comprehensive management of market order, focusing on rectifying illegal acts such as infringement of intellectual property rights and trade secrets, production and sale of counterfeit and shoddy goods, and enhance the vitality of enterprise development with good market order. Fourth, strengthen the factor guarantee for business entities. The State Administration of Financial Supervision will focus on promoting financial institutions to increase their support for the real economy, accelerate the improvement of the financing coordination mechanism for supporting small and micro enterprises, and help alleviate the financing difficulties of small and micro enterprises. The State Administration for Market Regulation will work with relevant departments to innovate and implement credit enhancement policies for quality financing, promote credit enhancement mechanisms based on enterprises' technical capabilities and quality qualifications, and improve the availability and convenience of financing for small and micro enterprises. The Ministry of Industry and Information Technology will actively provide one-stop services for small and medium-sized enterprises such as talent introduction, financing docking, and digital empowerment, so as to effectively help enterprises reduce costs, increase efficiency, and improve quality. Fifth, resolutely safeguard the legitimate rights and interests of business entities. Accelerate the promulgation of the "Law on the Promotion of the Private Economy" to treat and protect the private economy equally, and create a good environment for the development of the non-public economy. Implement the "Regulations on Optimizing the Business Environment", in accordance with the requirements of both "live" and "manageable", and study and propose practical and effective measures as soon as possible to respond to the concerns of business entities in response to issues such as hindering fair market access and restricting the cross-regional relocation of enterprises. We will further promote the evaluation and clean-up of laws, regulations and policies related to enterprises, and comprehensively clean up all kinds of provisions that discriminate against and discriminate against enterprises of different ownership, scales and regions. Sixth, strictly regulate the law enforcement and supervision of enterprises. The Ministry of Justice will further strengthen the supervision of administrative law enforcement related to enterprises, actively promote strict, standardized, fair and civilized law enforcement, vigorously rectify outstanding problems in administrative law enforcement, strengthen the construction of communication mechanisms for law enforcement demands related to enterprises, increase the handling of administrative reconsideration cases involving enterprises, and promote administrative organs to perform their duties and administer according to law. The State Administration for Market Regulation will accelerate the introduction of specific measures for the implementation of service-oriented law enforcement, formulate codes of conduct for administrative law enforcement, and make more use of flexible measures such as reminders and warnings and administrative guidance, so as to provide services throughout the entire process and links of regulatory law enforcement, and scientifically guide enterprises to operate in accordance with laws and regulations.
Source of this article: Xinhua Finance
Authors: Wang Chunxia, Sun Guangjian
WeChat editor: Wang Qian
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