State support for small micro-enterprise development initiatives to bring the four positive

Premier Wen Jiabao chaired a State Council executive meeting, the study identifies small and micro enterprise development to support the financial, fiscal policy measures. Divided into "financial support to small micro-enterprise development policies and measures" and "small tax to support micro-enterprise development policies and measures" in two parts. In this regard, the Ministry of Commerce International Economic Exchange Center Director of poverty alleviation, microfinance League Secretary General Bai Chengyu, in Bowen's analysis of the four areas of good policy, such as for the first time highlights the status and role of small businesses, make small financial institutions and to support the concept. And that this policy direction is correct, the policy of Wenzhou financial reform pilot program with. The effect that expected of policy, he suggested that we should open a small business loan interest rate cap and micro-financial institutions to be further clarified the scope of such recommendations.
    Bai Chengyu that this policy has four positive role, first highlight the status and role of small businesses. Secondly, the concept of small financial institutions and to support it. Third, the proposed financial regulation to hierarchical classification. Fourth, to encourage the development of small business loans banks. He also pointed out that this time the introduction of this policy, on micro-credit is also beneficial. Of course, to the A-share markets is another positive.
    Meanwhile, the article also pointed out the slight regret the policy of the Department, the first is to strengthen the monitoring of bank fees, prohibiting banks to raise real interest rates, and policy objectives contrary. Second, we should open a small business loan interest rate cap. And said that the credit resources of the state-owned enterprises will be much affected. Because it is layered in different financial markets, the big banks is difficult to engage in small business loans. As long as the deposit rates remain the same, small banks to large banks have a limited impact. Third, the concept of division, the small range of financial institutions should be clear and specific, small loan companies as financial institutions have yet to be clear. Micro-enterprises and small businesses should do the subdivision. Fourth, more than a continuation of the fiscal policy, policy efforts are limited.
    "In the long term, the policy also needs to force in two ways, first, to further reduce the financial barriers to entry, so that private finance real" sunshine. "On the other hand to promote the interest rate market." Bai Chengyu recommendations.