The Ministry of Industry and Information Technology and nine other ministries
announced measures to boost direct financing for small and medium-sized
enterprises and accelerate SME listings. They will create a quality SME listing
pipeline and normalize matching between SMEs and equity financing, deepen
regional equity-market boards for specialized/refined/distinctive/innovative
firms, and build a high‑quality bond‑market technology board to support eligible
SME bond issuance. The plan also expands venture capital development and
establishes National SME Development Fund Phase II to mobilize private capital
into earlier-stage, smaller-scale, longer‑term and hard‑tech investments.
