China sets up national SME development fund with registered RMB35.7 billion

The National Small and Medium Enterprise Development Fund Co., Ltd. completed its industrial and commercial registration in Shanghai Pudong on June 22, which indicates that the Fund of Fund has entered a new stage of corporatization, marketization, and legalization, the Ministry of Industry and Information Technology told the media.

The National Small and Medium Enterprise Development Fund Co., Ltd. completed its industrial and commercial registration in Shanghai Pudong on June 22, which indicates that the Fund of Fund has entered a new stage of corporatization, marketization, and legalization, the Ministry of Industry and Information Technology told the media.

The National SME Development Fund will set up a number of sub-funds through investment, so that the total scale of the fund will be expanded to more than 100 billion yuan.

In this way, it gradually formed an ecosystem of sub-funds, guiding and driving more social capital to support the innovative development of SMEs.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/27/china-sets-up-national-sme-development-fund-with-registered-rmb35-7-billion/.

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