[China] On October 14, the State Council Information Office held a press conference to present information on increased efforts to help enterprises.
Wang Jiangping, Vice Minister of Industry and Information Technology, said that in the fourth quarter, the Ministry of Industry and Information Technology, together with relevant departments, will launch another set of specific initiatives to promote consumption and expand domestic demand, helping enterprises expand the market and release vitality.
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The main points are as follows.
The Ministry of Industry and Information Technology will work with the China Securities Regulatory Commission to launch the third batch of "specialized, special and new" special committees in the regional stock market, and sign a strategic cooperation agreement with the Beijing Stock Exchange. the capital market financing channels for new and specialized small and medium-sized enterprises will be further unlocked. The Ministry will also work with relevant departments to focus on major industrial chains, launch the "One Month, One Chain" nationwide small and medium-sized enterprise financing promotion activities, and promote precise linkage between financial institutions and small and medium-sized enterprises in the chain.
MIIT will take measures to promote support for the development of unicorn enterprises in China. First, a unified system of cultivating unicorn enterprises nationwide and linking ministry and province will be established. Second, the technological innovation of unicorn enterprises will be supported, and they will be encouraged and guided to focus on national strategic needs to conduct technological research and master more “unique skills.” Third, financial support for unicorn enterprises will be increased, with MIIT playing the role of an integrated cooperation platform to support enterprises in listing, mergers and acquisitions, and restructuring. Fourth, the design of future industries will be developed, focusing on new fields and pathways such as atomic-level manufacturing, brain-computer interface, 6G, etc. Fifth, MIIT will support unicorn enterprises to integrate into global innovation networks and carry forward innovation cooperation.
Ministry of Industry and Information Technology: this year, central financial support for more than 1,000 key “small giant” enterprises to build new kinetic energy, attack new technologies, develop new products, strengthen industrial chain support capacity. Wang Jiangping said that in terms of scientific and technological innovation, this year, together with the Ministry of Finance, a new round of special and new support policies have been launched through central financial support for more than 1,000 key “small giants” enterprises to build new kinetic energy, attack new technologies, develop new products, and strengthen industrial chain support capacity. Through a special refinancing program, more than 1,100 “small giant” enterprises will be supported in technological transformation and equipment renewal. A resource catalog of pilot services for SMEs has been published and priority has been given to supporting “small-giant” enterprises to participate in application programs for key products and processes. MIIT, Wang Jiangping added, implemented the patent industrialization program to promote the growth of small and medium-sized enterprises and provided specialized and qualified small and medium-sized enterprises with rapid pre-procedure and rights confirmation services in the area of intellectual property rights.
MIIT will continue to organize special activities for new energy vehicles in the countryside at the end of the year. Wang Jiangping said that around the expansion of consumption, MIIt has organized a series of actions to improve supply and promote upgrading. First, to promote the trade of consumer goods such as electric bicycles, the Ministry has formulated and implemented mandatory national standards for lithium batteries, chargers, electrical safety, etc., in two batches. Second, the promotion of new energy vehicles will be increased. At the end of the year, MIIT will “continue the special activities for new-energy vehicles in the countryside, the simultaneous promotion of charging infrastructure in the countryside, the addition of a series of pilot cities for the complete electrification of public sector vehicles in the pilot area.” Third, MIIT will launch the construction of the China Famous Consumer Products Plaza, selecting 1,000 Chinese famous consumer products. Fourth, special food production zones will be established across the country.
Wang Jiangping also said that MIIT will focus on investment, implementation of technological transformation projects and equipment upgrading and renewal. Very long-term special treasury bond support projects will be approved and financed, and the issuance of the 150 billion yuan of refinancing loans for technological transformation that have been signed will be accelerated. In the near future,banks are to support a new batch of special refinancing projects and plan 2025 pilot cities for the new technological transformation of the manufacturing industry. There are currently about 36,000 projects under construction in the industrial sector and those that will be started within the year, which is expected to increase investment by more than 11 trillion yuan in the next three years.
Wang Jiangping also said that "we should deepen the application of scenarios and cultivate and strengthen new productive forces such as low-altitude economy and intelligent manufacturing. Led by the construction of low-altitude industrial ecology, support advantageous areas with better airspace resources and rich application scenarios for pilot tests, build low-altitude multi-scenario application demonstration systems according to local conditions, and accelerate the cultivation of low-altitude logistics, urban and intercity air transport, low-altitude cultural tourism and other new low-altitude consumption formats, and expand new models such as agriculture, forestry and plant protection, patrol inspection and emergency rescue to create a new engine for economic growth. Issue implementation opinions to promote future industrial innovation and development, and vigorously develop new fields and paths such as humanoid robots, brain-computer interfaces and 6G. At the same time, enterprises are supported to build an "upgraded version" of intelligent manufacturing, focus on the application of intelligent manufacturing technology in typical industries, and gradually cultivate a series of basic, advanced, and excellent levels such as pilot-level smart factories.
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