Financial New Deal Releases Positive Signal, Textile "Specialized Special New" Small And Medium-Sized Enterprises Spring?

In recent years, small and medium-sized textile enterprises have been faced with the problems of rising production costs, difficult financing and expensive financing, and insufficient innovation and development capacity. Recently, the guiding opinions on promoting the healthy development of small and medium-sized enterprises and the guiding opinions on accelerating the cultivation and development of high-quality manufacturing enterprises and other policies supporting the innovation and development of small and medium-sized enterprises have been issued one after another, causing widespread concern among textile industry enterprises. Yesterday, the news that the Beijing stock exchange will be established has aroused widespread concern in the industry. The new policy on the financial level has released positive signals to support the development of small and medium-sized enterprises. Therefore, textile workers expect that the spring of small and medium-sized enterprises taking the road of "specialization and innovation" is coming?

A number of financial policies were introduced

On September 2, President Xi Jinping delivered a video address at the 2021 global service trade summit of China International Trade in services Fair. While stressing that China will improve the level of opening up, expand the space for cooperation and strengthen the construction of rules in the service field, he said, "we will continue to support the innovation and development of small and medium-sized enterprises, deepen the reform of the new third board, and establish the Beijing stock exchange, To create the main position of service innovation oriented small and medium-sized enterprises ".

Just the day before, Premier Li Keqiang of the State Council presided over the executive meeting of the State Council. At the meeting, it was planned to increase the efforts to help market players, especially small and medium-sized enterprises, strengthen policy reserves and do a good job of cross cycle regulation.

The meeting pointed out that the key to stable growth and employment is to ensure market players, especially small and medium-sized and micro enterprises with large volume and wide range. It was mentioned at the meeting that this year, a further 300 billion yuan of small re loan lines will be added to support local corporate banks in granting loans to small and micro enterprises and individual businesses. We will guide financial institutions to carry out bill discount and standardized bill financing, and the people's Bank of China will provide rediscount support to ease the pressure on small and medium-sized enterprises to occupy funds. We should encourage local governments to introduce targeted assistance measures to reduce the pressure on small and medium-sized enterprises to increase their costs.

Build the capitalization development platform of small and medium-sized enterprises

As for deepening the reform of the new third board and establishing the Beijing stock exchange, the relevant person in charge of the CSRC also said in response to the reporter's question that in the future, the development layout of multi-level capital market will be coordinated as a whole, and the whole chain system of capital market serving the innovation and development of small and medium-sized enterprises will be promoted and perfected, and efforts will be made to create a system that is in line with China's national conditions, and that the development of the capital It is a professional development platform of capital market for specialized and special new small and medium-sized enterprises.

It is reported that the main idea for the future construction of the Beijing stock exchange is to strictly follow the securities law, implement step-by-step and step-by-step, generally shift the basic systems of the selected layer, adhere to the principle that the listed companies of the Beijing stock exchange are created by innovative companies, and maintain the market structure of the basic layer, the innovation layer and the Beijing stock exchange, Meanwhile, the pilot registration system for securities issuance will be implemented.

"This is a new major strategic deployment to better serve the capital market, build a new development pattern, and promote high-quality development. It points out the direction and provides guidance for further deepening the reform of the new third board and improving the financial support system of the capital market for small and medium-sized enterprises." A spokesman for the SFC said.

For the details of promoting the establishment of the Beijing stock exchange in the future, some private fund personages in Beijing believe that a new stock exchange will not be set up in the future“ At present, only three stock exchanges have been approved from the legal level, namely, the Shanghai Shenzhen Stock Exchange and the national stock transfer system. If a fourth stock exchange is to be established, it needs to be deliberated by the National People's Congress and the State Council, which also means longer preparation time. Therefore, it is speculated that upgrading on the basis of the new third board market is the most efficient way. "

Pang Ming, chief economist and chief strategic analyst of Huaxing securities (Hong Kong), also told the 21st century economic reporter that after upgrading the national small and medium-sized enterprise share transfer system to Beijing stock exchange, it will become the third national stock exchange after Shanghai Stock Exchange and Shenzhen Stock Exchange, and become an organic part of the multi-level capital market system.

Zhou Yunnan, founder of Beijing Nanshan investment, pointed out that the establishment of the stock exchange in the future will thoroughly solve the problems of the market positioning and legal status of the new third board. The new third board will finally upgrade from "the third securities exchange in China" to an independent and open "Securities Exchange", which will greatly improve the service function of the new third board, More effectively support "specialized and special new" small and medium-sized enterprises, and more accurately solve the financing problems of high-tech entrepreneurial growth SMEs and private enterprises.

Serving the innovation and development of small and medium sized enterprises

"Small and medium-sized enterprises play an important role in promoting economic growth, promoting scientific and technological innovation, and increasing employment." The relevant person in charge of the CSRC said that the capital market has always regarded serving the innovation and development of small and medium-sized enterprises as an important mission. In recent years, through deepening the reform and improving the policy system, the quality and efficiency of serving the development of small and medium-sized enterprises has been continuously improved.

Deepening the reform of the new third board and establishing the Beijing stock exchange is an important measure to implement the national innovation driven development strategy and continuously cultivate new driving forces for development. It is also an important part of deepening the structural reform of the financial supply side and improving the multi-level capital market system, so as to better play the role of the capital market, promote the integration of science and technology and capital It is of great significance to support the innovation and development of small and medium-sized enterprises.

It is reported that in the future, the CSRC will, in accordance with the important instructions of General Secretary Xi Jinping, thoroughly implement the new development concept, adhere to the principle of seeking progress while maintaining stability, adhere to the direction of marketization and legalization, coordinate the development layout of multi-level capital market, promote and improve the whole chain system of capital market serving the innovation and development of small and medium-sized enterprises, and strive to create a system that conforms to China's national conditions We should effectively serve the specialized development platform of capital market for specialized and special new small and medium-sized enterprises, and strive to build a standardized, transparent, open, dynamic and resilient capital market, so as to better serve the high-quality development of the real economy.