The symposium on financial support for high-quality development of private enterprises released three major signals
2025-03-04
As an important component of the Chinese economy, the private economy has long played an irreplaceable role in promoting economic growth, technological innovation, and expanding employment. Under the current economic situation, the private economy is facing unprecedented opportunities. A few days ago, the People's Bank of China and other five departments jointly held a forum on financial support for high-quality development of private enterprises, which was deployed to provide strong financial support for the healthy development of private economy and the growth of private enterprises. In my opinion, this symposium has released multiple positive signals, providing strong guarantees for the financing and innovation of private enterprises, and injecting strong impetus into the high-quality development of private enterprises. Firstly, we will take multiple measures to address the financing difficulties faced by private enterprises. For a long time, the problem of difficult and expensive financing has been a bottleneck restricting the development of private enterprises. Currently, the financial needs of private enterprises are diverse and complex. At this symposium, it was clarified that financial institutions should treat all types of enterprises equally and increase credit investment in private and small and micro enterprises. At the same time, a series of practical and feasible measures were proposed to resolve financing difficulties, such as further opening up diversified financing channels for private enterprises, including stocks, bonds, and loans. Adequate funding supply can promote the steady development of private enterprises; Smooth financing channels can further stimulate the innovation vitality of private enterprises. More importantly, making great efforts to solve the problem of difficult and expensive financing for private enterprises is not only a "blood transfusion" for enterprises, but also a key measure to help them enhance their "hematopoietic" function. By optimizing the financing environment, improving financing policies, and expanding financing channels, gradually building a more fair, transparent, and efficient financing system will enable private enterprises to better adapt to market changes, enhance their financing and risk resistance capabilities. Secondly, provide stronger capital market support for private enterprises. Not long ago, the China Securities Regulatory Commission held a party committee meeting to propose better leveraging the role of the capital market platform and providing stronger capital market support for private enterprises to become better and stronger. The symposium also emphasized the support for private enterprises to develop and grow through the capital market. As an important platform for resource allocation, the capital market can not only provide sufficient financial support for private enterprises, but also accurately guide the flow of funds to those private enterprises with development potential, innovation ability, and market competitiveness through market operation mechanisms, thereby achieving optimized allocation of resources. This optimized allocation can not only improve the efficiency of fund utilization, but also promote private enterprises to enhance their management level and innovation capabilities, drive their transformation and upgrading, and inject new impetus into China's economic growth. Meanwhile, the development of the capital market cannot be separated from the participation of private enterprises. At present, nearly two-thirds of A-share listed companies are private enterprises, about 80% of companies listed on the Science and Technology Innovation Board, ChiNext Board, and Beijing Stock Exchange are private enterprises, and about 90% of companies listed on the New Third Board are private enterprises. Actively participating in the capital market by private enterprises will further enrich the structure of market participants, enhance the vitality and resilience of the capital market, and promote the healthy development of the capital market. Thirdly, collaborate and create a favorable development environment for private enterprises. Financial support for private enterprises is not a single departmental task. This symposium emphasizes the need to enhance collaborative linkage, promote the improvement of financing supporting mechanisms, and jointly create a better development environment for private enterprises. This requires all parties to work closely together and form a joint force. At the policy level, it is necessary to accelerate the implementation of measures such as the 25 financial support measures for the private economy to avoid policy idling; Financial institutions should take the initiative to strengthen their financial service capabilities and provide more convenient and efficient financial services for private enterprises; Private enterprises should play a leading role, strengthen independent innovation, improve governance structure, and enhance core competitiveness. Only through collaborative efforts among all parties can we jointly build a highland for the development of private enterprises. The spring breeze brings warmth and opens up a new journey, and it is the right time to set sail with enthusiasm. I believe that after this symposium, financial management departments and financial institutions can come up with practical and hard measures to improve the financing environment for private enterprises, bringing financial vitality to private enterprises. We have reason to believe that with the support of policies and the promotion of the market, private enterprises will surely usher in new development opportunities and contribute greater strength to promoting the high-quality development of the Chinese economy. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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