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Encourage SMEs more involved in public procurement. Central its contractual obligations on time due to the epidemic, the term
or local governments will exert more effort to engage SMEs in of performance may be extended appropriately, and the specific
public procurement by guiding budget departments at all levels period is determined by the two parties through consultation
to increase their focus on SMEs and increasing the SMEs’ amount
and proportion in procurement. As for the procurement projects
related to epidemic prevention and control, priority will be given Noteworthy measures:
to SMEs with good credit under the same conditions
Alibaba and fintech firm Ant Financial announced 20 measures on February10, to
mitigate the impact of the novel coronavirus outbreak on SMEs, which includes
Noteworthy measures: waiving service charges, offering low-interest loans, promoting job-sharing,
subsidizing logistics and providing digital service and etc.
Dongcheng District of Beijing: The budget departments are required to ensure that JD.com launched the "Assistance Program for SMEs" on February 21 with 13
SMEs account for 30% of the total annual government procurement, of which set- assistance measures from four dimensions: resuming work, marketing, stabilizing
aside for small and micro enterprises is no less than 60%. funds, and enterprise assistance alliances, and nearly 500 million yuan has been
investing as subsidies to help struggling SMEs roll out of the difficult situation
caused by outbreak of novel coronavirus.
Sustain the export business of SMEs. If SMEs find it impossible
to fulfil the international trade contract on schedule or fail to fulfil
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on time due to epidemic outbreak, the local government and the Enhancing Innovation and Entrepreneurship
CCPIT shall actively help them apply for factual proof of force
majeure. The premiums of policy-based export credit insurance Encourage SMEs to engage in the innovation of technologies
for small and micro export enterprises will be fully subsidized, and products related to epidemic prevention and control. With
and insurance coverage will be expanded as well. In addition, it is the establishment of funding pools, SMEs in related industries
required that all the eligible claims will be fully settled. can afford to innovate their research and production in the areas
of prevention, detection, vaccines, medical devices, protective
equipment, etc. The 2020 SME innovation and entrepreneurship
Noteworthy measures: competition "Maker China" will immediately start the collection
in its category of "Prevention and Control of Epidemic”. Great
Hangzhou, Zhejiang Province: The cross-border e-commerce enterprises are importance will be attached to improvement of technology,
encouraged to reshape overseas markets, and those whose annual online sales test certification, application of qualification and promotion
income exceed 500,000 US dollars will be subsidized with 50% of overseas
promotion expenses and the maximum subsidy is no more than 500,000 yuan. and application services. Researchers are also encouraged to
commercialize their technologies.
Encourage large enterprises to cooperate with SMEs. Large
enterprises are required to increase their support for SMEs Noteworthy measures:
in the industrial chain in terms of loan recovery, raw material Chaoyang District, Beijing: A special fund pool has been established with a total of
supply, and project outsourcing. State-owned enterprises and 300 million yuan, which is mainly used to support innovation and entrepreneurship
leading enterprises in the industries should play an active role carriers, enhance the scientific and technological innovation in the field of epidemic
in cooperate with the SMEs in epidemic prevention and control, prevention, and promote the commercialization of new technologies on epidemic
production recovery and technological innovation. If an SME has prevention.
signed a contract with a state-owned enterprise and cannot fulfill