City unveils new initiatives to support SMEs
By Zhu Shenshen |
January 17, 2012, Tuesday
|
Print Edition
Print Edition
SHANGHAI is to launch new initiatives and expand existing schemes to help the city's 337,000 small and medium enterprises, officials said yesterday.
The city will help SMEs that are individually too small to issue bonds to band together and do so, officials told the Shanghai People's Congress.
Subsidies of up to 3 million yuan (US$476,190) will also be provided for business-related services, and improved information services offered, they added.
Shanghai SMEs, many of which are high-tech and service firms, contribute 50 percent of tax and 60 percent of revenue of all local firms.
These initiatives follow lawmakers' concerns over the difficulties SMEs face with financing and obtaining information.
Speaking at the congress last week, deputies - some of whom head SMEs - called for tax cuts, additional methods of financing and improved efficiency in government bureaus and supporting services.
"We know the concerns clearly and are going to take action to address them," Shanghai SME Development Coordination Office Deputy Director Song Xiaohui told Shanghai Daily.
"We will provide more services in finance, information publishing and other areas," said Song, whose office is authorized by the Shanghai Commission of Economy and Information Technology Development.
Under the bills for collection initiative, between two and 10 SMEs - individually too small to issue bonds - can do so collectively to attract investor institutions.
And the government will provide special subsidies for legal and evaluation services of up to 3 million yuan for an SME - especially firms which want to go public, Song added.
Meanwhile, the economy and IT development commission has opened an e-government platform to answer inquires from SMEs.
All answers will be delivered within 15 working days, said the commission.
The city will help SMEs that are individually too small to issue bonds to band together and do so, officials told the Shanghai People's Congress.
Subsidies of up to 3 million yuan (US$476,190) will also be provided for business-related services, and improved information services offered, they added.
Shanghai SMEs, many of which are high-tech and service firms, contribute 50 percent of tax and 60 percent of revenue of all local firms.
These initiatives follow lawmakers' concerns over the difficulties SMEs face with financing and obtaining information.
Speaking at the congress last week, deputies - some of whom head SMEs - called for tax cuts, additional methods of financing and improved efficiency in government bureaus and supporting services.
"We know the concerns clearly and are going to take action to address them," Shanghai SME Development Coordination Office Deputy Director Song Xiaohui told Shanghai Daily.
"We will provide more services in finance, information publishing and other areas," said Song, whose office is authorized by the Shanghai Commission of Economy and Information Technology Development.
Under the bills for collection initiative, between two and 10 SMEs - individually too small to issue bonds - can do so collectively to attract investor institutions.
And the government will provide special subsidies for legal and evaluation services of up to 3 million yuan for an SME - especially firms which want to go public, Song added.
Meanwhile, the economy and IT development commission has opened an e-government platform to answer inquires from SMEs.
All answers will be delivered within 15 working days, said the commission.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
