On March 12th, the China Association of Small and Medium sized Enterprises released data showing that the development index of small and medium-sized enterprises in February was 89.8, up 0.8 points from January, achieving two consecutive months of recovery and the highest value in nearly four years. The recovery of market demand and the improvement of funding conditions have become the main driving forces. The sub indices, industry indices, and regional indices have all risen, demonstrating the recovery and improvement of the prosperity level of small and medium-sized enterprises, and the warming of enterprise operations. From the perspective of sub indices, the macroeconomic perception index, comprehensive business index, market index, etc. have all continued to rise, while the cost index and labor index have risen synchronously. The previously stressed fund index and efficiency index have also turned from decline to rise, indicating that the pressure on corporate capital turnover has eased. By industry, eight industry indices including industry, transportation, and real estate have all risen. Among them, the wholesale and retail industry, accommodation and catering industry, information transmission software industry, and construction industry had the highest market index growth. The head of the China Association of Small and Medium sized Enterprises stated that after the Spring Festival, many places have accelerated the resumption of work and production, coupled with the recovery of the consumer market, which has driven the improvement of the prosperity of related industries. In addition, the labor demand index for small and medium-sized enterprises rose to 98.6 in February, while the supply index reached 113.8, indicating a synchronous improvement in both supply and demand, further confirming the activity of the economy. At the financial level, the liquidity index of 8 industries has shown an upward trend, the financing index of 7 industries has improved, and the collection speed of accounts receivable has accelerated in 6 industries. In terms of corporate investment willingness, the investment index of small and medium-sized enterprises in February was 83.2, an increase of 0.4 points from the previous month. Among the 8 industries surveyed, 7 industries showed an increase in investment index. Among them, the fixed assets investment index of six industries rose. Although the development index of small and medium-sized enterprises shows a positive trend, some hidden concerns still need to be addressed. For example, the fluctuation of raw material prices has intensified, with a slight increase in enterprise costs in February. The purchase price index of raw materials in four industries has increased, and the labor cost index in six industries has increased. Clear signals have been released at the policy level. Recently, 17 departments including the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Notice on Carrying out the 2025 'Benefit Enterprises Together' Small and Medium sized Enterprise Service Action", proposing to form a service network covering millions of small and medium-sized enterprises by 2025 through ten special actions such as financial and tax support, financing relief, and digital transformation. Since the beginning of the year, policies supporting the development of small and medium-sized enterprises have been continuously released across the country, continuously enhancing their core competitiveness. For example, the Beijing Equity Trading Center recently optimized and upgraded six major services to support the development of private enterprises, helping innovative small and medium-sized enterprises such as "specialized, refined, unique, and new" to broaden financing channels, improve governance levels, reduce operational risks, and accelerate capitalization processes; Many places, including Guangdong and Anhui, proposed at the "New Year's Day" meeting to focus on cultivating high-quality business entities and improving the development and growth mechanism of "specialized, refined, unique and new" technology-based small and medium-sized enterprises. The systematization of policies has significantly increased, shifting from single subsidies to ecological construction The interviewed experts stated that the "Together for the Benefit of Enterprises" small and medium-sized enterprise service action emphasizes cross departmental collaboration, forming a service synergy through resource integration, which helps to solve the long-term fragmented support problem faced by small and medium-sized enterprises. (New Society)