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English > Finance > Finance-newsbrief>China Encourages SMEs to Expand in Overseas Markets

China Encourages SMEs to Expand in Overseas Markets

09-04 13:17 Caijing



» Small and medium-sized enterprises are being encouraged to pursue foreign investment opportunities and set up trading entities and research institutions overseas, Zhu Hongren, spokesman for the National Development and Reform Commission, said on Sept. 3.
» The government will also support the development of small private venture capital firms via tax breaks and encourage VC firms to increase their investment in SMEs, he said.
» An SME is defined as having fewer than 2,000 employees, annual revenue of less than 300 million yuan, or assets under 400 million yuan.
From wires
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