Shanghai to boost SMEs, e-commerce
By Rich Zhu |
January 29, 2013, Tuesday
|
Print Edition
Print Edition
SHANGHAI will invest 100 million yuan (US$16.1 million) this year into a fund to support small and medium-sized enterprises as well as boost e-commerce, Shanghai Daily learned yesterday.
The investment will be 25 percent more than what was allotted a year ago, Song Xiaohui, deputy chief of the Shanghai Small and Medium-Sized Enterprises Development Coordination Office, which is under the Shanghai Municipal Commission of Economy and Information Technology, said.
"The government always supports the local SMEs because they are an important and vibrant part of the economy," Song told Shanghai Daily in an interview.
Shanghai has established a city-level and 17 district-level centers to support SMEs, referring to firms with annual revenue under 100 million yuan (for medium firms) or 10 million yuan (for small firms).
High-tech SMEs get favorable tax rates or tax rebates as part of an important policy initiative to support them, according to Shanghai's taxation bureau.
Meanwhile, Shanghai will set up a business-friendly platform for e-commerce firms, including 360buy.com and Alibaba. The platform includes upgrading the logistics network around Hongqiao and Pudong airports.
Shanghai's online trade volume may hit 600 billion yuan last year, to the commission said, adding that it will rise to 1.2 trillion yuan by 2015.
The investment will be 25 percent more than what was allotted a year ago, Song Xiaohui, deputy chief of the Shanghai Small and Medium-Sized Enterprises Development Coordination Office, which is under the Shanghai Municipal Commission of Economy and Information Technology, said.
"The government always supports the local SMEs because they are an important and vibrant part of the economy," Song told Shanghai Daily in an interview.
Shanghai has established a city-level and 17 district-level centers to support SMEs, referring to firms with annual revenue under 100 million yuan (for medium firms) or 10 million yuan (for small firms).
High-tech SMEs get favorable tax rates or tax rebates as part of an important policy initiative to support them, according to Shanghai's taxation bureau.
Meanwhile, Shanghai will set up a business-friendly platform for e-commerce firms, including 360buy.com and Alibaba. The platform includes upgrading the logistics network around Hongqiao and Pudong airports.
Shanghai's online trade volume may hit 600 billion yuan last year, to the commission said, adding that it will rise to 1.2 trillion yuan by 2015.
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