Lately, three departments, including the Ministry of Finance ("MOF"), have jointly issued the Implementing Plan for Supporting the Creation of Distinctive Platforms to Promote the Upgraded Innovation and Entrepreneurship of Small and Medium-sized Enterprises (the "Plan"), and distributed a circular at the same time to specify relevant scheduled work.
The Plan states that support will be given to a group of development zones intended for the real economy to instruct them to create diversified characteristic platforms for innovation and entrepreneurship, such as the platform featuring the aggregation of professional capital and the platform characterized by the integration of large enterprises and small and medium-sized enterprises, and guide these platforms toward the market-oriented development; also, the Internet Plus mode integrating big data and others will be fully utilized to boost the quality and efficiency to integrate services and resources for innovation and entrepreneurship; further, small and medium-sized enterprises, particularly micro-sized enterprises, will be inspired to improve their professionalized capacity and level. It is expected to form reproducible and propagable experience from above-said initiatives. Accordingly, the Plan specifies, for the implementation purpose, the types of support, implementing subjects, standards of awards and subsidies, distribution and management of funds, performance assessment and the application of assessment results. According to the Plan, after the end of the two-year implementing period, a final assessment will be organized to look at the performance of each development zone in achieving objectives and accomplishing tasks.