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Ministry of Commerce Issues Opinions on Promoting Healthy Development of Small and Medium-Sized Trade Circulation Enterprises

China’s Ministry of Commerce issued the Opinions on Promoting Healthy Development of Small and Medium-Sized Trade Circulation Enterprises on November 28, 2014 (hereinafter referred to as the Opinions), requiring that local commercial departments pay high attention to the work of small and medium-sized trade circulation enterprises, further deepen reform, transform functions, strengthen public service, and optimize the business environment, in order to solve the prominent problems of small and medium-sized trade circulation enterprises and promote their healthy development.

The Opinions puts forward three main tasks. The first one is to develop modern circulation to promote the organizational degree of small and medium-sized enterprises. The second one is to develop new marketing channels to promote the branding degree of small and medium-sized enterprises. The third one is to optimize the standard credit system to guide small and medium-sized enterprises to develop in a standardized way.

The Opinions clarifies four policies and measures. Firstly, the service system should be optimized and the construction of public service platforms for small and medium-sized trade circulation enterprises should be accelerated to gradually undertake the service function concerning enterprises in the field of domestic trade circulation, and the service domain should be expanded gradually to the trade activities of all small and medium-sized enterprises. Secondly, the policy support should be strengthened. The support policy of the national special fund for the development of small and medium-sized enterprises should be implemented sincerely, the implementation of definite policies like tax and cost reduction should be promoted, and the supervision and evaluation for the implementation of the policies should be strengthened. Thirdly, financing difficulties should be relieved. Financing organizations are supported to develop financing products that accord with the features of commerce circulation, the small and medium-sized trade circulation enterprises are encouraged to match with commercial banks, the logistics enterprises are supported to carry out management service of inventory security, and the establishment of credit risk compensation funds for small and medium-sized enterprises led by the government should be promoted. Fourthly, the business environment should be optimized. The specialized planning for the development of small and medium-sized trade circulation enterprises should be compiled, and the legislation for circulation should be strengthened, in order to create a law-based business environment for small and medium-sized trade circulation enterprises.


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