China’s MIIT pledges proactive outreach to boost specialized, innovative SMEs
On September 20, China’s Minister of Industry and Information Technology, Li Lecheng, chaired the 16th SME Roundtable Meeting. The MIIT announced it will accelerate mechanisms to promote specialized, refined, distinctive, and innovative (SRDI) SMEs, shifting from a passive “wait-for-application” to an active “on-site visit” model. The ministry will strengthen identification of potential startups, refine tiered cultivation systems, and improve legal policies and support services to drive high-quality SME development and boost advanced manufacturing.
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China's MIIT Pushes Proactive Identification and Cultivation of High-Quality SMEs
On September 20, MIIT Minister Li Lecheng chaired the 16th SME Roundtable Meeting, focusing on improving the proactive identification mechanism for high-quality small and medium-sized enterprises (SMEs) and enhancing precision service levels. Li stated that the ministry will accelerate the establishment of mechanisms to promote specialized, refined, distinctive, and innovative (SRDI) SMEs, improve the tiered cultivation system, and integrate efforts to advance 'seed selection, seedling nurturing, and excellence cultivation.' He emphasized shifting from a passive 'wait-for-application' approach to an active 'on-site visit' model for identifying potential startups and high-quality enterprises. Li called for continuous refinement of legal policies, enterprise cultivation programs, and support service systems to drive high-quality SME development and boost advanced manufacturing. He also urged enterprises to maintain innovation, increase R&D investment, tackle core technologies, focus on core businesses, and contribute to enhancing industrial and supply chain resilience and security.
Read sourceChina's MIIT to Accelerate Growth of Specialized, Innovative Small and Medium Enterprises
According to a Xinhua News Agency report from Beijing on September 20, the Ministry of Industry and Information Technology (MIIT) announced plans to accelerate the establishment of mechanisms to promote the growth and development of specialized, refined, distinctive, and innovative (SRDI) small and medium-sized enterprises (SMEs). The ministry will take an integrated approach to 'selecting seeds, nurturing saplings, and cultivating excellence' among high-quality SMEs. This includes strengthening the identification of promising startups and proactively discovering outstanding companies dedicated to technological innovation and product development. The initiative aims to foster a pipeline of high-quality SMEs that can contribute to industrial upgrading and technological advancement in China.
Read sourceChina's MIIT Holds SME Roundtable, Pledges Proactive Discovery and Enhanced Services for High-Quality Firms
On September 20, China's Minister of Industry and Information Technology (MIIT), Li Lecheng, chaired the 16th SME Roundtable Meeting, according to a report from Tonghuashun Finance citing the MIIT Micro Report. The meeting focused on improving proactive discovery mechanisms for high-quality small and medium-sized enterprises (SMEs) and enhancing precision service levels. Li Lecheng stated that the MIIT will accelerate the establishment of mechanisms to promote the growth of specialized, refined, distinctive, and innovative (SRDI) SMEs. He outlined plans to refine the tiered cultivation system for high-quality enterprises, integrating efforts to 'select seeds, nurture seedlings, and cultivate excellence.' The ministry will strengthen the identification of potential startups and proactively discover high-quality enterprises dedicated to technology and product development. A key shift involves moving cultivation services from a passive 'wait-for-application' approach to an active 'on-site visit' model. The MIIT will continue to improve legal policies, enterprise cultivation programs, and support service systems to promote high-quality SME development and boost the momentum and vitality of advanced manufacturing.
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China's MIIT Holds SME Roundtable, Pushes Proactive Discovery and Enhanced Services
On September 20, China's Minister of Industry and Information Technology (MIIT), Li Lecheng, chaired the 16th Roundtable Meeting on Small and Medium-sized Enterprises (SMEs). The meeting focused on improving proactive discovery mechanisms for high-quality SMEs and enhancing precision service levels. Li Lecheng stated that the MIIT will accelerate the establishment of mechanisms to promote the growth of specialized, refined, distinctive, and innovative (SRDI) SMEs, improve the tiered cultivation system for high-quality enterprises, and integrate efforts in selecting seeds, nurturing seedlings, and cultivating excellence. He emphasized strengthening the identification of promising startups and proactively discovering high-quality enterprises dedicated to technology and product development. The minister called for shifting cultivation services from a passive wait-for-application approach to an active outreach model, and for continuous improvement of legal policies, enterprise cultivation programs, and support systems to drive high-quality development of SMEs and enhance the momentum and vitality of advanced manufacturing.
Read sourceChina's MIIT Holds SME Roundtable, Pushes Proactive Discovery and Enhanced Services
On September 20, Li Lecheng, Party Secretary and Minister of China's Ministry of Industry and Information Technology (MIIT), chaired the 16th SME Roundtable Meeting. The meeting focused on improving the proactive identification mechanism for high-quality small and medium-sized enterprises (SMEs) and enhancing precision service levels. Li Lecheng stated that the MIIT will accelerate the establishment of mechanisms to promote the growth of 'specialized, refined, distinctive, and innovative' (SRDI) SMEs. He emphasized refining the tiered cultivation system for high-quality enterprises and integrating efforts to advance the 'seed selection, seedling nurturing, and excellence cultivation' of high-quality SMEs. The minister stressed strengthening the identification of potential startups and proactively discovering high-quality enterprises dedicated to technology innovation and product development. He announced a shift in cultivation services from a passive 'wait-for-application' approach to an active 'proactive outreach' model. The MIIT will continue to improve legal policies, enterprise cultivation, and support service systems to drive high-quality SME development and enhance the momentum and vitality of advanced manufacturing development.
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