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Premier sends instruction for small and micro-sized enterprises

Updated: Nov 7,2017 9:06 PM

Premier Li Keqiang sent an instruction to a teleconference on the financial services for small and micro-sized enterprises held in Beijing on Nov 7.

Active participation of small and micro-sized enterprises in the market will help boost employment and thus the entire Chinese economy, and the country’s financial support is crucial to drive their growth, he said in the instruction.

The Premier acknowledged the achievements made since the 18th National Congress of the Communist Party of China, as the country’s financial support constantly increased and financial services greatly improved for small and micro-sized enterprises.

He urged implementing fully the guiding principles of the 19th Party Congress, acting earnestly according to the plans set forth at the Congress, and enhancing effectively the ability to provide financial services for the real economy while attaching more importance to small businesses.

The Premier said the reform of financial system should be deepened by promoting a multi-layer market system, especially inclusive finance, and by strengthening the links between banks and enterprises with the market playing a decisive role in resource allocation.

The government should remove the last-mile barriers to make financing easier for small businesses, in a bid to boost entrepreneurship and innovation, foster new growth engines, and achieve sustainable economic development, he said.

Vice-Premier Ma Kai attended and addressed the teleconference.