The conference pointed out that small and micro enterprises have an irreplaceable role in promoting economic growth, increasing employment, technological innovation and social harmony and stability. At present, some small and micro enterprises are faced with difficulties in operation, difficulties in financing, and heavy burden on taxes and fees, which must be given high priority. We must strengthen financial services and support for fiscal and taxation, and mainly increase support for the real economy such as science and technology, services, and processing industries that are in line with national industrial and environmental protection policies and can absorb employment, guide and help small and micro enterprises to operate steadily, enhance profitability and development. stamina.

Financial Policy Measures (1) Increase credit support for small and micro enterprises. The growth rate of loans to small and micro enterprises by banking financial institutions is not lower than the average growth rate of all loans, and the increase is higher than the level of the same period of last year. The minimum financial reserve ratio for small financial institutions that meet the requirements continues to be implemented. Commercial banks will focus on increasing credit support for small and micro enterprises under a single household credit limit of RMB 5 million. Strengthen loan supervision and end-user monitoring to ensure normal production and operation for small and micro enterprises.

(2) Clearing and correcting unreasonable fees for financial services, and effectively reducing the actual cost of corporate financing. Except for syndicated loans, commercial banks are prohibited from charging commitment fees and fund management fees for small and micro enterprise loans. Strictly limit commercial banks to collect fees for financial consultants and consulting fees from small and micro enterprises.

(III) Broadening the financing channels for small and micro enterprises. Gradually expand the scale of issuance of small and micro enterprises' collective bills, bonds, and short-term financing bills, and actively and steadily develop financing instruments such as private equity investment and venture capital investment. Further promote the construction of the exchange market and off-market market, and improve the financing environment for equity pledges of small and micro enterprises.

(4) To refine the differentiated supervision policies for financial services of small and micro enterprises. Commercial banks that have a certain percentage of loan balances and the number of customers for small and micro enterprises will relax restrictions on institutional access, and allow them to set up batches of branches and franchise outlets in the same city. Loans for small-scale micro enterprises under a single household corresponding to financial bonds issued by commercial banks may not be included in the assessment scope when calculating loan-to-deposit ratios. Commercial banks are allowed to regard the loans of small and micro enterprises under a single credit line of RMB 5 million as the risk weights of retail loans. Appropriately increase the tolerance for the poor loan rate of small and micro enterprises.

(e) Promote the reform and development of small financial institutions. Strengthen the market orientation of small financial institutions focusing on serving small and micro enterprises, communities, residents, and “three rural issues”. On the basis of prudent supervision, we will promote the formation of new types of financial institutions in rural areas, guide small financial institutions to increase service outlets, and extend institutions to counties and townships within their jurisdiction.

(6) To promote the healthy development of private lending on the basis of standard management and risk prevention. Strict supervision prevents financial employees from participating in private lending. Financial support for small and micro enterprises must be conducted in accordance with market principles and administrative intervention should be reduced.

Fiscal and tax policy measures (1) Increase tax support for small and micro enterprises. Increase the VAT and sales tax thresholds for small and micro enterprises. We will halve the collection of corporate income tax policies for small profit-making enterprises and extend them to the end of 2015. The qualified national SME public technology service demonstration platform will be included in the taxation policy for imports of science and technology development products.

(b) Exemption from the stamp duty of financial institutions on loans to small and micro enterprises within three years of the contract. Extend the pre-tax deduction policy for financial enterprise SME loan loss reserves to the end of 2013. The policy of reducing financial and insurance income of eligible rural financial institutions by 3% will be extended to the end of 2015.

(3) Expand the scale of special funds for SMEs, and use indirect methods to support small and micro enterprises. Further clean up the cancellation and reduction of some of the relevant enterprise fees.

â–  Background News The development of SMEs is faced with heavy checkpoint cost, employment, exchange rate, financing, and tax deduction... One SME owner lamented that it is not easy for SMEs to develop now. will".

The first is the cost. Since the beginning of this year, the costs of raw materials, labor, rents, and funds have risen sharply. SMEs lack bargaining power in the industry chain and cannot transfer costs through pricing. The profit margins have been compressed and are on the verge of losses.

The second level is to use staff. Zhang Hongxing, deputy manager of the Development Department of Huizhou City Dazheng Enterprise Management Service Co., Ltd., said: “Now it is difficult to recruit blue-collar workers skilled in production technology. When a job fair is held, most people will not be able to recruit.”

Due to the continued appreciation of the renminbi, foreign trade-oriented SMEs are still subject to the "exchange rate shutoff." In the Pearl River Delta, there are many small and medium export-oriented SMEs with low added value and low profits, accounting for only 3%-5% of sales revenue. If dollar-denominated sales revenue is converted into renminbi, a larger proportion of the renminbi will appreciate, making it difficult for the company to make a profit or even lose money.

“The impact of rising raw material prices on enterprises is relatively large. Together with the pressure for appreciation of the renminbi, we want to increase export prices. However, European customers also want to cut quotas with us because of the market downturn. In such cases, prices cannot be raised. Yes, they have to digest themselves." Zhang Hongxing said.

At the same time, bank credit growth has slowed this year, social mobility has become tighter, companies have faced "financing" and financing costs have risen. At the same time, enterprises are affected by factors such as rising costs and slowing down of capital turnover. The demand for financing has increased significantly, and the contradiction between supply and demand for small companies' funds has intensified.

In addition, some companies have reported that local tax burdens are heavy and “tax breaks” make companies burdened with embarrassment. Lin Pingfan, director of the Institute of Enterprise Management and Decision Sciences at the Guangdong Academy of Social Sciences, said that in recent years, the tax burden on SMEs has remained heavy, with as many as tens of fees.

A business owner, who asked not to be named, said: "If you strictly follow the legal requirements to levy taxes and fees for SMEs, I am afraid that SMEs will die a large sum. At present, most SMEs adopt the tactic of tax evasion if the other party does not invoice us. It's cheaper to ship."

Wen Jiabao went to Wenzhou to investigate non-government credit conditions Private lending capital chain breaks, SMEs close down, business owners “walk the road”... Recently, rumors about SMEs in trouble in Wenzhou have continued.

From October 3rd to 4th, the Standing Committee of the Political Bureau of the CPC Central Committee and Premier Wen Jiabao went to Shaoxing and Wenzhou in Zhejiang Province and went deep into rural areas, communities, enterprises, and markets to conduct research on economic performance. Wen Jiabao held three symposiums during the company's hosting and asked the person-in-charge of the enterprise to ask in detail about the production and operation of SMEs, microfinance companies and private credit.

Wen Jiabao emphasized that supporting the development of SMEs is of global and strategic importance. First, we must conscientiously implement and improve the differential financial supervision policies for small and micro enterprise loans. Second, we must explicitly target small and micro enterprises as supporting objects and support financial institutions that provide services to small and micro enterprises. Third, we must increase the support of fiscal and taxation policies for small and micro enterprises, extend the deadline for related tax incentives, and study how to further increase preferential policies. Fourth, we must effectively guard against financial risks. It is necessary to strengthen the supervision of private lending, guide its development in the sun and standardization, and play its positive role.

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