New National Order Brings Life to Small and Medium-sized Garment Enterprises

Premier Wen Jiabao of the State Council presided over the executive meeting of the State Council yesterday to study and determine the financial and fiscal policies and measures to support the development of small and micro enterprises.

The conference pointed out that small and micro enterprises have an irreplaceable role in promoting economic growth, increasing employment, technological innovation and social harmony and stability. At present, some small and micro enterprises are faced with difficulties in management, ** difficulties and heavy burden on taxes and fees, and must be given high priority. We must strengthen financial services, support financial and taxation, and increase support for the real economy, such as science and technology, services, and processing industries that are in line with national industrial and environmental policies and can absorb employment. We should guide and help small and micro enterprises to improve their profitability and development. stamina.

Financial Policy Measures (1) Increase credit support for small and micro enterprises. Banking financial institutions' growth rate for small and micro enterprises ** is not lower than the average growth rate of all **, the increase is higher than the level of the same period of last year, and the lower financial reserve ratio for small financial institutions that meet the requirements continues to be implemented. Commercial banks will focus on increasing credit support for small and micro enterprises under a single household credit limit of RMB 5 million. Strengthen supervision and end-user monitoring to ensure normal production and operation for small and micro enterprises.

(2) Clearing and correcting unreasonable charges for financial services, and effectively reducing the actual cost of enterprises. With the exception of syndicates**, commercial banks are prohibited from charging commitment fees and fund management fees for small and micro enterprises. Strictly limit commercial banks to collect fees for financial consultants and consulting fees from small and micro enterprises.

(c) Broadening the channels of small and micro enterprises. Gradually expand the scale of small and micro enterprises' collective bills, bond collections, short-term vouchers, and actively and steadily develop private equity investment and venture capital investment. Further promote the construction of the exchange market and off-market market, and improve the environment for the equity pledge of small and micro enterprises.

(4) To refine the differentiated supervision policies for financial services of small and micro enterprises. Commercial banks that have a certain percentage of the balance of small- and micro-sized enterprises and the number of customers have to relax the restrictions on institutional access, and allow them to set up in batches the establishment of branches and franchise outlets in the same city. For a small-scale micro-enterprise with a single household of 5 million yuan or less that corresponds to commercial bank issuance of financial bonds, it may not be included in the assessment scope when calculating the loan-to-deposit ratio. Commercial banks are allowed to regard small and medium-sized enterprises with credit grants of up to RMB 5 million as a measure of risk weight. Appropriately increase the tolerance of non-performing rates for small and micro enterprises.

(e) Promote the reform and development of small financial institutions. Strengthen the market orientation of small financial institutions focusing on serving small and micro enterprises, communities, residents, and “three rural issues”. On the basis of prudent supervision, we will promote the formation of new types of financial institutions in rural areas, guide small financial institutions to increase service outlets, and extend institutions to counties and townships within their jurisdiction.

(6) To promote the healthy development of private lending on the basis of standard management and risk prevention. Strict supervision prevents financial employees from participating in private lending. Financial support for small and micro enterprises must be conducted in accordance with market principles and administrative intervention should be reduced.

Fiscal and tax policy measures (1) Increase tax support for small and micro enterprises. Increase the VAT and business tax thresholds for small and micro enterprises. We will halve the income tax policy for small profit-making enterprises and extend them to the end of 2015 and expand the scope. The qualified national SME public technology service demonstration platform will be included in the taxation policy for imports of science and technology development products.

(2) Exemption from the stamp duty of financial institutions on contracts with small and micro enterprises for three years. Extend the pre-tax deduction policy for loss allowances for SMEs in financial enterprises to the end of 2013. The policy of reducing the financial and insurance income of eligible rural financial institutions by 3% will be extended to the end of 2015.

(3) Expand the scale of special funds for SMEs, and use indirect methods to support small and micro enterprises. Further clean up the cancellation and reduction of some of the relevant enterprise fees.

The development of SMEs is faced with heavy checkpoints, customs clearance, exchange rates, customs clearance, and tax deduction... One SME owner lamented that the development of SMEs is not easy at present. .

The first is the cost. Since the beginning of this year, the costs of raw materials, labor, rents, and funds have risen sharply. SMEs lack bargaining power in the industry chain and cannot transfer costs through pricing. The profit margins have been compressed and are on the verge of losses.

The second level is to use staff. Zhang Hongxing, deputy manager of the Development Department of Huizhou City Dazheng Enterprise Management Service Co., Ltd., said: “Now it is difficult to recruit blue-collar workers who are skilled in production technology. When a job fair is held, most people will not be able to recruit.”

Due to the continuous appreciation of ***, foreign trade SMEs are still subject to the "exchange rate off" impact. In the Pearl River Delta, there are many small and medium export-oriented SMEs with low added value and low profits, accounting for only 3%-5% of sales revenue. If the dollar-denominated sales revenue is converted into ***, a large proportion of *** appreciation will make it difficult for the company to make a profit or even lose money.

“The increase in raw material prices has had a greater impact on companies, coupled with the pressure of *** appreciation, we want to increase export prices. However, European customers also want to cut quotas with us because of the market downturn. In this case, the price is impossible. To mention them, they had to digest themselves." Zhang Hongxing said.

At the same time, bank credit growth has slowed this year, social mobility has become tighter, and companies have faced “closed” and rising costs. At the same time, enterprises are affected by factors such as rising costs and slowing down of capital turnover. The demand for ** has increased significantly, and the contradiction between supply and demand for small companies' funds has increased.

In addition, some companies have reported that local tax burdens are heavy, and “tax breaks” make companies burdened with embarrassment. Lin Pingfan, director of the Institute of Enterprise Management and Decision Science at the Guangzhou Academy of Arts and Sciences, said that in recent years, the burden of taxes on SMEs has remained heavy, and as many as a few dozen items have been charged.

A business owner, who asked not to be named, said: "If you strictly follow the legal requirements to levy taxes and fees for SMEs, I am afraid that SMEs will die a large sum. At present, most SMEs adopt the tactic of tax evasion if the other party does not invoice us. It's cheaper to ship."

Wen Xun went to Wenzhou to investigate private credit conditions Private lending capital chain breaks, SMEs close down, business owners "walk the road" ... Recently, there have been rumors that Wenzhou SMEs are in trouble.

From October 3rd to 4th, the Central Politburo Standing Committee and the State Council Premier Wenzhou visited Shaoxing and Wenzhou in Zhejiang Province and went deep into rural areas, communities, enterprises, and markets to conduct research on economic performance. Wen Yu held three symposiums in the company's hosting and asked the person-in-charge of the company to ask in detail about the production and operation of SMEs, small-sum companies and private credit.

Wen Yan emphasized that supporting the development of SMEs has a global and strategic significance. First, we must earnestly implement and improve the differentiated financial supervision policies for small and micro enterprises. Second, we must explicitly target small and micro enterprises as supporting objects and support financial institutions that provide services to small and micro enterprises. Third, we must increase the support of fiscal and taxation policies for small and micro enterprises, extend the deadline for related tax incentives, and study how to further increase preferential policies. Fourth, we must effectively guard against financial risks. It is necessary to strengthen the supervision of private lending, guide its development in the sun and standardization, and play its positive role.