Small And Medium Enterprises Special Funds Will Focus On Supporting The Textile Industry And Earthquake Stricken Areas.

At 15 o'clock in November 19, 2008, Wang Liming, director of the SME Department of the Ministry of industry and information technology, received an exclusive interview with the Chinese government network to exchange online with netizens on "supporting small and medium enterprises to accelerate structural upgrading and promoting the healthy development of SMEs".

Turning to the special fund arrangement for the development of SMEs this year, Wang Liming said that the biggest feature of this year's special fund arrangement is closely related to China's current economic development situation. For the outstanding problems faced by China's SMEs, according to the requirements of the State Council, the Ministry of finance should give priority to the support of special funds for the textile industry, which is difficult to export, small and medium sized enterprises, and small and medium-sized enterprises in Wenchuan earthquake stricken areas.

The special fund for the development of small and medium-sized enterprises was established in 2004 according to the SME Promotion Act.

In the past few years, special funds have increased year by year, and the scope of support has been gradually expanded. It has supported the investment of nearly about 20000000000 Yuan for small and medium-sized enterprises and increased nearly 200 thousand jobs.

In the earthquake stricken areas, small and medium enterprises (SMEs) projects and new building materials projects to deal with seismic waste were supported to help residents recover their living conditions and improve their living conditions.

At the same time, the textile industry's small and medium-sized enterprises have given some special financial support.

Under the influence of the international financial crisis and the dramatic changes in domestic and foreign markets, the development of small and medium-sized enterprises is also facing greater pressure. In order to maintain steady economic growth and promote SMEs to ease the current production and business difficulties and play the role of small and medium-sized enterprises in economic growth, the CPC Central Committee and the State Council have adopted a series of measures to promote economic development.

Wang Liming said, we will further increase support for guarantee institutions, give full play to the guiding role of financial funds, and encourage small and medium enterprises credit guarantee institutions to actively carry out loan guarantee business around SMEs.

We will continue to use the special funds for the development of small and medium enterprises this year to support SME credit guarantee institutions to provide guarantee services for SMEs, enhance the financing capacity of SMEs, solve the current difficulties in production and operation of SMEs, drive more financial funds to support SMEs, improve the service function and overall level of SME credit guarantee institutions, and make good use of limited funds.

Now, all parts of the country have stepped up investment in this area, and financial funds of various localities are facing difficulties in the production and operation of small and medium-sized enterprises, and various measures have been adopted to support them.

In November 16th this year, the Beijing municipal government devoted 1 billion 500 million of its funds to the establishment of the first provincial credit guarantee agency for SMEs.

Many other places are actively exploring the establishment of re guarantee institutions for SMEs and the improvement of guarantee mechanisms, using leverage to guide social capital and bank credit funds to SMEs.

There are also some places to increase financial support, intensify efforts to promote structural adjustment, promote restructuring and pformation of small and medium-sized enterprises, and promote small and medium-sized enterprises to upgrade their structures, upgrade their products, and support small and medium-sized enterprises in labor-intensive industries with large capacity for employment. This can slow down the current difficulties in production and operation and ensure economic growth and social stability.