Chongqing launches 10,000 SMEs’ Growth Project

Chongqing will focus on boosting the rapid growth of 10,000 SMEs, according to the document released by Chongqing Municipal People’s Government recently.

SMEs in Chongqing are stuck in heavy pressure from industrial restructuring, great difficulty in financing, employment and land as well as shortage of talents and advanced technology, says Chongqing Administration for Development and Guidance of Small and Medium-Sized Enterprises.

Chongqing will select some SMEs with great growth potential and promising prospect and provide support for them.

As shown in the document, those enterprises should be in conformity with the national industrial policies in development direction, have independent intellectual property rights and boast annual operating revenue of over 5 million yuan with consecutive increase of 30% in the latest 3 years.

The list of the 1st batch of “10,000 SMEs’ Growth Project” enterprises will be issued in the second half of 2012. And Chongqing will provide policy support for those enterprises in finance, capital, technology, market, talent and land.

Huang Xiqin