Financial lifeline boost for SMEs

Initiative will allow enterprises to overcome cash shortages and enhance their development

A plan rolled out by the central authorities to create a level playing field and boost financing channels for small and medium-sized enterprises will inject fresh impetus for the growth of SMEs, officials and experts said.

The guideline on promoting the healthy development of SMEs, jointly released by the general offices of the Communist Party of China Central Committee and the State Council on April 7, highlighted the importance of creating a more enabling environment and solving the difficulties faced by the SMEs in financing procedures.