Jilin rolls out policies to support growth of private firms

Northeast China’s Jilin province launched 37 specific policies on April 13, to create a better development environment for private enterprises in the province and to support their reform and development, according to local reports.

Officials said that the policies cover eight aspects. They focus on optimizing the market environment for fair competition, improving the precise and effective policy environment, improving the legal environment for equal protection and strengthening financing services for private businesses. They also focus on encouraging and guiding reform and innovation of private companies, promoting the standardized and healthy development of private enterprises, building a new type of government-business relationship and strengthening organizational guarantees.

In optimizing the market environment for fair competition, the province aims to deepen its administrative reforms, broaden market access, improve the integrity system for companies, strengthen supervision and administration, strengthen legal guarantees for fair competition and ensure the equal status of private enterprises.

To improve its the precise and effective policy environment, the province plans to reduce the cost of business taxes and fees, reduce the land costs of companies, tackle land and housing property rights problems, reduce logistics and energy costs, strengthen environmental capacity support, and give full play to the role of government procurement in supporting private enterprise.

On improving the legal environment of equal protection, the province will improve the equal protection mechanism for law-enforcement and judicature for private enterprises, protect private enterprise property rights and entrepreneurs’ personal property according to the law and establish a long-term mechanism for clearing and preventing arrears.

To strengthen financing services for private enterprises, the province plans to strengthen the implementation of its monetary policy, strengthen the service capabilities of financial institutions, improve the supervision and evaluation of financial institutions and the internal incentive mechanism, regulate the behavior of financial institutions, promote the implementation of private enterprise credit financing plans, improve the government financing guarantee system, support direct financing of private enterprises and take effective measures to resolve liquidity risks.

With regards to encouraging and guiding reform and innovation of private enterprises, the province will support the innovation and development of private enterprises, encourage private capital to participate in the reform of mixed ownership of State-owned enterprises, support private capital in M & A and reorganizations, comprehensively improve the management level of private enterprises and support private businesses to participate in major national strategic implementation plans.

To promote the standardized and healthy development of private enterprises, the province aims to create an innovative and entrepreneurial atmosphere, guide private entrepreneurs to grow healthily and guide private companies to participate in counterpart support and assistance.

In building a new type of government-business relationship, the province will improve the contact service system, smooth communications channels between government and enterprises, and establish a government integrity performance mechanism.

To strengthen organizational guarantees, the province will strengthen organization and coordination, strengthen supervision and inspection and pay close attention to the implementation of policies.