Comments to NPCLAC on the SME Promotion Act (Second Review Draft)

2017-07-27 | Beijing, Shanghai, South China

On 27th June, the Legislative Affairs Commission of National People's Congress issued a call-for-comments on the SME Promotion Act (Second Review Draft). This law aims to promotes the development of SMEs in China.  The InterCahmber SME Working Group of European Chamber submitted the consolidated comments on behalf of member companies. The Inter-Chamber SME Working Group welcomes the inclusion of both Chinese and Foreign SMEs in the revision of SME Promotion Act. In order to really contribute to the development of the Chinese economy and society, all SMEs, independently of their origin, need to have access to the benefits of the initiatives pointed out in the revision of the SME Promotion Act. Particularly, it is of a great importance to all SMEs to receive a better access to finance and better business operating on environment.