The success of the project largely depends on the cooperation of
SMEs.
项目的成功在很大程度上取决于中小企业的合作。
The government has introduced various incentives to support
SMEs during the economic downturn.
政府在经济衰退期间推出了各种激励措施来支持中小企业。
SMEs play a crucial role in job creation and economic growth.
中小企业在创造就业和经济增长中发挥着至关重要的作用。
Many
SMEs are struggling to access finance due to stringent lending criteria.
许多中小企业由于严格的贷款标准而难以获得融资。
The seminar aims to educate
SME owners about digital marketing strategies.
这次研讨会旨在教育中小企业主关于数字营销策略的知识。
SMEs need to focus on innovation to remain competitive in the global market.
中小企业需要专注于创新，以在全球市场保持竞争力。
The trade fair provides an excellent platform for
SMEs to showcase their products.
贸易展览会为中小企业提供了一个展示其产品的优秀平台。
A lack of skilled labor is one of the major challenges faced by
SMEs.
技能劳动力的缺乏是中小企业面临的主要挑战之一。
The new policy will benefit
SMEs by reducing their tax burden.
新政策将通过减轻税负使中小企业受益。
SMEs should leverage technology to improve efficiency and productivity.
中小企业应利用技术提高效率和生产力。
China's industrial chain has withstood the impact of the pandemic largely due to the depth and breadth of its SME industries, she said.
她说，中国的产业链经受住了疫情的影响，这主要归功于中小企业产业的深度和广度。
Annual research and development spending exceeds 10 million yuan for more than half of the little giants, said Liang Zhifeng, head of the SME bureau of the ministry.
教育部中小企业局局长梁志峰表示，超过一半的小巨人每年的研发支出超过1000万元。
Georgios Kyrtsos, member of the European Parliament and a board member of SME Europe, a business association that represents the interests of SMEs, also shared his thoughts on challenges SMEs face throughout their digitalization process at the event.
欧洲议会议员乔治·基尔托斯（Georgios Kyrtsos）也是中小企业欧洲（SME Europe）——一个代表中小企业利益的商业协会的董事会成员，他在活动中也分享了他对中小企业在数字化过程中所面临挑战的看法。
About 92 percent of 605 surveyed SME start-ups said their innovation capabilities are better than their peers, showing confidence in their own prowess, said a report jointly released by US tech heavyweight HP and Peking University's Guanghua School of Management.
SME revenue saw an increase of 8.6 percent year-on-year in April and 3 percent year-on-year in May, with total profits rising 14.9 percent and 14.1 percent, respectively, said the Ministry of Industry and Information Technology, the nation's top industry regulator.
However, a Chinese SME has managed to overturn the general perception and garnered widespread praise for its COVID-19-related work in Wuhan.
The company has rolled out a total of 20 measures in supporting its partner merchants as a majority of SME businesses face disruptions from the outbreak.
The two sites joined forces with parent Alibaba's efforts in supporting notably SME merchants during the outbreak through a number of preferential policies introduced on Monday.
The Beijing municipal government decided to provide subsidies for rent, daily maintenance costs and product research and development subsidies to qualified SMEs, as well as special subsidies to landlords that offer rent reductions to SME tenants.
Ao Yanjie, chairman of Beijing Union Smart Energy Co, an SME with 10 employees in the decentralized integrated energy sector, said he is looking forward to the actual effects of the government's supportive measures for SMEs.
"Our company has built up a reputation among customers and investors, but the epidemic has disrupted the normal financing and cash flows of startups like us, and we really need help for easy and quick financing from either banks, investors or special SME fundraising programs.
"The area we haven't done well in is mid-market business travel, SME or SMB corporate travel.
Deloitte forecasts in its latest survey that between 140 and 170 companies will be listed on the main board, SME board and ChiNext board in 2020.
"Potential pricing pressure from expanding in-feed ad industry supply and cleanup of low-quality SME customers may continue to weigh on 2019 advertising growth," Chan said.
com Co-General Manager Zhang Kuo said the move complements the existing supply channels and offers global SME buyers more choices and greater variety.
A challenge here is that entrepreneurship, the type of drive that has helped create many an SME, is changing.
The Hong Kong Monetary Authority (HKMA) on Thursday said it has granted virtual banking licenses to four new entities: Ant SME Services (Hong Kong), Ping An OneConnect, Infinium, and Insight Fintech HK.
Ant SME is a unit of Ant Financial, while Ping An OneConnect is a member ofxa0Ping An Insurance Group, the country's second-largest insurer in terms of premiums.
To fulfill its objectives, the BFIC also promotes the organization of numerous high-profile initiatives, alongside official state visits and meetings, on ad hoc topics of bilateral interest, such as the SME Forum in May 2017 on the occasion of the visit of Italian Prime Minister Paolo Gentiloni to China's BRI summit.
In June 2018, the SME Trade and Investment Forum, a forum designed to promote regional-level cooperation between SMEs, was held in Dalian in Liaoning province and Qingdao in Shandong province, and played an important role in helping Italian companies discover the economic opportunities present in the provinces.
With the information Vzoom provides to banks, the latter are able to evaluate an SME in a few minutes.
Qupital charges both sides including a platform fee from the sellers depending on the size of the SME and a commission from the investors on the gain they realize on the platform.
“We have integrated with over eight different SME accounting softwares and the top e-commerce platforms to pull alternative data for our credit control procedure,” Chan said.
While in Rwanda in 2017, Jack Ma committed to invest in the East Africa's human capital to boost SME capacities.
He said Nielsen is mulling an SME and startup incubator for China.
The training network builds on Alibaba's Global e-commerce Talent program, which has so far trained nearly 7,000 students and about 2,000 SME owners, covering 10 countries around the globe, according to figures provided by company.
"Our goal is to enable young people and SME owners to develop the digital economy in the future.
In June, it raised $103 million in financing led by Mandra Capital and Sina Corp. By providing solutions on point-of-sale lending, personal installment lending, SME lending, wealth management and insurance products, it has 179 business partners and 81 financial partners as of March 31, including Qunar, Ctrip, BestPay, Vip.
China's central bank governor Yi Gang said during the 10th Lujiazui Forum in mid-June in Shanghai that the average lifespan of a Chinese SME is only about three years.
As an independent fintech solutions provider, Pintec offers advanced end-to-end solutions for installment payments, individual credit loans, SME loans, wealth management and online insurance based on artificial intelligence, big data and blockchain.
Namibia's Industrialization, Trade and SME Development Minister, Immanuel Ngatjizeko, said Moutai was welcome to set up shop in the country.
Jiang Tai Insurance Brokers Co Ltd, one of the country's largest insurance brokers, is expected to float its shares on the Shenzhen Stock Exchange's SME board next year, the company's chairman said.
If everything moves on smoothly, the company will be listed on the SME board of the Shenzhen Stock Exchange in the second half of 2018," said Shen Kaitao.
The money will benefit Barclays bank's existing and prospective SME clients across the continent.
Sinolove Technology Co Ltd, a business-to-business, or B2B pet healthcare company, announced Sunday it received 100 million yuan ($14.7 million) in investment from THG Venture and the SME development fund under the Ministry of Finance in its A-round financing.
"An important highlight of the draft is that it specifies the leading government department for SME management," Zhang said.
[Photo/Xinhua]Techcode SME Services Co Ltd, an incubator of science startups, has said it will establish its first Global Scientific Achievements Experience Center in Langfang in northern Hebei province.
China's scientific start-ups incubator, Techcode SME Services Co Ltd, recently announced the establishment of the company's first global scientific achievements experience center in Langfang of North China's Hebei province.
Founded in 2015, Techcode SME Services Co Ltd has, so far, 30 incubators in seven different countries.
The SME development index gained 0.2 points to 89.3 last month.
The SME development index gained 0.2 points to 89.3 last month, the China Association of Small and Medium Enterprises said.
China will also promote qualified SMEs to go public, and encourage the national SME development fund to increase investment in start-ups, Xu said.
The construction of the Sino-Europe (Jiangmen) SME International Cooperation Zone has provided a good reference and carrier for China-EU green cooperation, Liu said.
刘说，中欧（江门）中小企业国际合作区的建设为中国与欧盟之间的绿色合作提供了一个很好的参考和载体。
Zhang Yongjun, deputy chief economist at the Beijing-based China Center for International Economic Exchanges, said the growth of the SME Development Index is mainly attributed to the government's efforts to increase lending for capital expenditure and support private investment in major projects since the second half of 2022.
He said the country will strive to cultivate over 80,000 specialized and sophisticated SMEs and around 100 SME industrial clusters with local features in 2023, and the country is preparing to introduce a guideline on further improving the service system for small and medium-sized firms.
Their comments came as a new report released by Standard Chartered Bank showed that the China SME Confidence Index rebounded to 51.4 in February from 49.9 in January, ending four straight months of contraction and hitting the highest level since July.
The subindexes for both SME expectations and credit conditions each rebounded to above 50 in February, hitting the highest level in more than half a year.
The development of micro, small and medium-sized enterprises in China have showed strong resilience and vitality against headwind as local governments pushed to improve their business environment, officials said at a forum of national SME development environment in Shenzhen on Tuesday.
According to a report released by China Centre for Promotion of SME Development at the forum, the national top five cities regarding SMEs' development environment are Shenzhen, Shanghai, Nanjing, Guangzhou and Beijing.
Facing multiple challenges and difficulties, SMEs are under huge pressure to sustain profitability and growth, but their development climate is improving as the effects of pro-growth policy measures gradually unleash more potential, experts said, while calling for more policies to shore up SME growth.
However, the overall SME development index declined slightly from 88.4 in June to 88.3 in July.
But Zhou said SME operations will continue to improve as domestic demand rebounds on the back of the accelerating Chinese economic recovery.
According to the SME association's survey results, subindexes for SME development in the construction industry, transportation, postal and storage sectors have risen for three consecutive months.
Zhou Maohua, an analyst at China Everbright Bank, said the SME activity improved a bit in June amid the accelerated resumption of work and production, a pickup in market demand, efforts to ensure smooth industrial and logistics chains and government measures to stabilize prices and ease burdens on enterprises.
Chen highlighted the private sector's key role in stabilizing the economy, employment and expectations and in spurring consumption, saying China's SME activity may continually improve in the following months.
"Given that SMEs are more vulnerable to fluctuations in supply and industrial chains, the MIIT is also encouraging digital service providers to reduce SME cloud platform costs, so that they can better leverage digital technologies to boost efficiency amid difficulties," she added.
"For an SME, things like rising operational costs and supply chain uncertainties could bring some pressure but they are all periodical.
According to a number of surveys conducted by the National SME Research Institute under the Renmin University of China, SMEs face inadequate orders at present, which means that their plants are not working at full capacity.
In 2020, China SME Development Fund Co Ltd, a fund with registered capital of 35.75 billion yuan ($5.64 billion), was set up in Shanghai to promote the sustainable growth of SMEs in key sectors.
"The NDRC data showed China has launched a national credit service platform to facilitate SME financing, covering more than 2,000 financial institutions and over 13.8 million enterprises in 103 places.
Liang Zhifeng, head of the SME bureau of the Ministry of Industry and Information Technology, said the new plan released by the MIIT and other 18 departments aims to trigger creativity across SMEs and create a better business environment.
Wang Yanqin, deputy head of the MIIT's SME bureau, said China's SMEs have maintained steady growth this year, as the operating income and profits of major industrial SMEs grew by 21.5 percent and 30.4 percent year-on-year respectively during the first 10 months.
To lessen SME burdens, the State Council's leading group on the development of small and medium-sized enterprises also released two documents to cultivate more overachieving small enterprises, foster high-quality development of these companies and improve the competitiveness of SMEs.
Another SME attending the CIIE for the first time this year is Amalia Home Collection, a luxury home textiles company from Portugal.
It showed SME activity remained firm in June with continued rebalancing, as evidenced in the headline SME index that stayed flat at 54.4, the second-highest level since the COVID-19 outbreak.
About 92 percent of the 605 surveyed SME startups said their innovation capabilities are better than their peers, showing confidence in their own prowess.
在接受调查的605家中小企业初创企业中，大约92%表示其创新能力优于同行，显示出他们对自己实力的信心。
Gao Yan, a professor at the Guanghua school, said amid mounting difficulties, both internal endeavors and external support are needed to help SME startups overcome challenges.
高岩，这位光华管理学院的教授表示，在日益增加的困难面前，帮助中小企业创业公司克服挑战既需要内部的努力，也需要外部的支持。
It aims to support SME innovation, helping promote the utilization of their patented technologies and prevent them from lying dormant.
The SME Development Index, based on a survey of 3,000 businesses, reported gains or flat growth for six straight months last year.
The SME Development Index, based on a survey of 3,000 SMEs, fell 0.2 point from the previous month to 87 in January, the latest industry data showed.
The steady profitability subindex showed fees and tax cuts are effective in maintaining SME business health, Liu said.
The still-rampant novel coronavirus pandemic in many foreign markets will strengthen Chinese production and boost SME exports in the short term, said Li Wei, a senior economist at Standard Chartered China.
"A monthly survey tracking SME activity in China showed that growth slightly moderated in January.
"The ministry will also accelerate the third-party assessment of the SME environment and strive to improve the public service platforms for such enterprises," said Minister of Industry and Information Technology Xiao Yaqing.
Last year, China SME Development Fund Co Ltd was set up in Shanghai to promote the sustainable growth of SMEs in key sectors.
The China Securities Regulatory Commission has approved the exchange's request to merge the Main Board and the SME Board, said Pi Liuyi, deputy director of the commission's department of market supervision.
中国证监会市场监督管理部副主任皮六一表示，证监会已批准交易所关于合并主板和中小板的申请。
The SSE's Main Board and SME Board have played a positive role in serving the real economy, but problems have emerged, including the two boards becoming similar and the Main Board's company structure becoming rigid, Pi said at a news conference.
皮在新闻发布会上表示，沪深交易所的主板和中小板在服务实体经济方面发挥了积极作用，但也出现了一些问题，包括两个板块同质化、主板公司结构僵化等。
To succeed, foreign SME brands can identify a niche to build a core group of consumers and expand from there, said Ong from AlixPartners.
为了成功，外国中小企业品牌可以找到一个利基市场来建立一个核心消费者群体，并以此为基础进行扩展。"AlixPartners的翁如是说。
Shortage of funds also has become a bottleneck for SME growth as they are more vulnerable in capital due to uncertainties or risks.
The HKSAR government said on Sunday that a service team entitled "SME ReachOut" will be dispatched to the SMEs to help them identify funding schemes and better utilize the support provided by the government.
As new capital has been injected into the two funds - the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund (EMF), the funding ceilings for each enterprises will be doubled to 4 million Hong Kong dollars (about 510,000 US dollars) and 800,000 Hong Kong dollars respectively and the ratio of initial payments will also be significantly improved to 75 percent.
The China SME Confidence Index rose to 54.5 in August from 53.8 in July, ending a continous fall for three consecutive months, according to a report from Standard Chartered Bank.
In fact, SME leaders should set short-term, feasible and specific goals based on their situations, and carry out concrete actions with the idea of prioritizing digital deployment in mind. "
He said Lenovo has built a digital management platform with its domestic SME suppliers to help them achieve digital transformation, and it has also supported local competitive SMEs via venture capital investment and by purchasing their technologies and components.
The policy of increasing the SME share for contacts of engineering projects worth above 4 million yuan ($550,000) each from more than 30 percent to more than 40 percent will be extended until the end of 2025.
To support SME to expand employment, the ministry said it will provide funds for micro, small and midsized enterprises that sign employment contracts of more than one year with special groups of young people, including fresh graduates and those who graduated less than two years ago but haven't landed a job.
The two banks will cooperate in fields including financial cooperation, infrastructure construction, manufacturing and SME development.
The ongoing optimization of the trading mechanism at the exchange has made the exchange more inclusive, facilitating the SME's going public, said Li Zhan, an economist at China Merchants Fund.
"SME's financing demand, which is more flexible and diversified, usually requiring smaller amounts but faster approval, has been well addressed at the BSE, which advanced technology innovation and China's industrial upgrading," he said.
The 400 billion yuan ($63.13 billion) re-lending quota previously designated for SME inclusive credit loans can be rolled over, and expanded if needed, to encourage more lending to agricultural and small firms.
As Calvin Fu, chief economist at the International Financial Centre Federation, said, stepping up efforts to facilitate international investors' participation in the BSE will share the benefits brought by China's vibrant SME sector with the outside world and help develop the new bourse into a more vibrant, liquid trading venue.
Liang Zhifeng, head of the SME Bureau of the Ministry of Industry and Information Technology, said these reforms have stimulated enthusiasm in high-quality small and medium-sized enterprises for listing and financing.
The China Securities Regulatory Commission had on Feb 5 given the green light to the Shenzhen bourse's request to merge the main board and the SME board to optimize the structure of the SSE's equity market.
The SME board was launched in 2004 for the purpose of financing small and medium-sized enterprises, promoting innovation, advancing industrial transformation and improving industrial competitiveness.
By April 2, about 1,004 companies had been listed on the SME board with a total market value of 13.38 trillion yuan ($2.04 trillion).
Among the companies listed on the SME board, 17 have seen their market value exceed 100 billion yuan, including artificial intelligence company iFlytek, electric carmaker BYD and SF Holding.
Video security firm Hikvision was the largest SME board listed company with a market value of 527.9 billion yuan based on Monday data.
In terms of overall gross profit margin, net profit margin, operating profit and growth rate of revenue, the SME board is comparable to the main board, said Sun Jinju, director of the research institute of Kaiyuan Securities.
- The Shenzhen Stock Exchange on Tuesday merged its main board with the SME (small and medium-sized enterprises) board amid efforts to unify business rules as well as supervision modes.
This year, the digitalized services of inclusive financing will continue to develop at a fast pace, further alleviating the information asymmetry in SME financing, he said.
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