China Expected to Speed up New Round of Supports to SMEs: Daily

China's ministries are ramping up efforts to introduce a new round of policies to support businesses in operating environment, fund-raising and innovation, the Economic Information Daily said. Authorities are to further lower barriers of market entry and shorten the so-called negative list that restrict private capital, including setting up pilot areas in Shenzhen, Shanghai and other cities, said the newspaper run by Xinhua News Agendy. The government will make financial information more accessible, including taxation and social security payments, helping businesses utilizing credit and capital-raising platforms, said the daily. Some ministries are also promoting innovative SMEs mainly through funding the so-called "little giants" of innovation program, said the daily.