Ministry of Industry and Information Technology: Encourage banks to actively develop innovative cross-border financing products to enhance the facilitation level of cross-border financing for small and medium-sized enterprises.

The General Office of the Ministry of Industry and Information Technology issued a notice on carrying out a special action to support small and medium-sized enterprises in going global. It mentioned encouraging banks to actively innovate cross-border financing products, develop cross-border financing products that match the characteristics of small and medium-sized enterprises such as light assets, good growth potential, and high flexibility, and improve the convenience level of cross-border financing for small and medium-sized enterprises. It also encouraged overseas branches of banks to strengthen support for small and medium-sized enterprises in their overseas business. Support service agencies in expanding overseas financing channels for small and medium-sized enterprises, providing financial risk assessment and response services, preventing financial risks such as changes in foreign exchange control policies, insufficient foreign exchange reserves, and exchange rate fluctuations in target countries or regions, guiding small and medium-sized enterprises to choose safe and high-quality financial partners, and preventing the risk of financial information leakage. The notice also mentioned organizing and establishing communication channels and cooperation mechanisms with industry departments, platform institutions, and upstream and downstream enterprises in target countries or regions, encouraging small and medium-sized enterprises to "go global" in groups. Increase support for small and medium-sized enterprises to participate in international exhibitions, organize various cross-border matchmaking activities, accurately connect with overseas customer resources. Increase research and coordination efforts on foreign technical standards, technical regulations, etc., accurately match the overseas technical cooperation needs of small and medium-sized enterprises, and carry out international standard testing and certification services. Encourage cloud service providers to provide high-quality cloud service guarantees for small and medium-sized enterprises going global. Encourage Internet platforms, new media, etc., to leverage their brand, market, channels, technology, and computing power advantages to help small and medium-sized enterprises expand overseas markets and increase brand influence. Make use of the resource and capability advantages of international service institutions in Hong Kong and Macao to help small and medium-sized enterprises "go global." The original text is as follows: Notice of the General Office of the Ministry of Industry and Information Technology on Carrying Out a Special Action to Support Small and Medium-Sized Enterprises in Going Global Department of Industry and Information Technology Enterprises Letter [2025] No. 23 Departments responsible for small and medium-sized enterprises in provinces, autonomous regions, municipalities directly under the Central Government, planned single-city municipalities, and Xinjiang Production and Construction Corps: In order to implement the party central committee and the State Council's decisions and arrangements to support the development of small and medium-sized enterprises, promote the dual circulation of domestic and international economies, gather resources from all parties to help small and medium-sized enterprises expand overseas markets, better integrate into the global industrial chain and supply chain, and form new international competitive advantages, we are now organizing a special action to support small and medium-sized enterprises in going global. The relevant matters are notified as follows: I. Action objectives Through this special action, we aim to promote the systematized supply of overseas services by strengthening the practical supply of overseas services in various regions, organizing service agencies to accurately connect with small and medium-sized enterprises that intend to go global, providing specialized services to help small and medium-sized enterprises expand international markets, facilitate information channels, improve risk prevention and control capabilities, and effectively promote the international development of small and medium-sized enterprises. II. Key tasks (1) Policy-based enterprise services. Increase efforts in collecting, organizing, researching, and disseminating domestic and international policy information, provide information on the political environment, laws and regulations, policy access, industrial development, market analysis, etc. of target countries or regions. Through organizing special training and exchange activities, promote and interpret policies supporting enterprise globalization. Establish an online learning course library to provide small and medium-sized enterprises with practical learning resources. Increase publicity of practical cases of going global to enhance small and medium-sized enterprises' understanding and awareness of the prospects of going global. Encourage the exploration and application of artificial intelligence large model technology to improve the timeliness and accuracy of policy dissemination. (2) Market development services. Combing through the information on advantageous industries, establish communication channels and cooperation mechanisms with industry departments, platform institutions, and upstream and downstream enterprises in target countries or regions, and encourage small and medium-sized enterprises to "go global" in clusters. Increase support for small and medium-sized enterprises to participate in international exhibitions, organize various cross-border matchmaking activities, accurately connect with overseas customer resources. Increase research and coordination efforts on foreign technical standards, technical regulations, etc., accurately match the overseas technical cooperation needs of small and medium-sized enterprises, and carry out international standard testing and certification services. Encourage cloud service providers to provide high-quality cloud service guarantees for small and medium-sized enterprises going global. Encourage Internet platforms, new media, etc., to leverage their brand, market, channels, technology, and computing power advantages to help small and medium-sized enterprises expand overseas markets and increase brand influence. Make use of the resource and capability advantages of international service institutions in Hong Kong and Macao to help small and medium-sized enterprises "go global." (3) International talent services. Support the use of international talent platform resources to help small and medium-sized enterprises broaden their channels for introducing international talents. Support companies in jointly building international talent training and exchange platforms with professional institutions to conduct training, evaluation, skill exchange, and other activities, and increase efforts to cultivate international talents. Encourage service agencies to jointly establish local talent training mechanisms with small and medium-sized enterprises, and provide local talent services for small and medium-sized enterprises going global through building overseas labor service platforms and conducting project collaboration. (4) Management enhancement services. Focus on the strategic planning for the international development of small and medium-sized enterprises, cross-border operations, carbon footprints, brand promotion, local human resource management, environmental, social, and corporate governance fields, and provide customized management consulting services and solutions. Conduct cross-border compliance guidance services in areas such as market access in target countries or regions, security reviews, industry supervision, foreign exchange management, tax regulations, protection of labor rights, environmental protection standards, data security protection, etc., to help small and medium-sized enterprises meet local and supply chain social responsibility requirements and enhance their overseas image. Encourage digital service providers to adapt or develop "small, fast, light, accurate" digital products and solutions related to small and medium-sized enterprises going global. (5) Cross-border financial services. Encourage banks to actively innovate cross-border financing products, develop cross-border financing products that match the characteristics of small and medium-sized enterprises such as light assets, good growth potential, and high flexibility, and improve the convenience level of cross-border financing for small and medium-sized enterprises. Encourage banks' overseas branches to strengthen support for small and medium-sized enterprises in their overseas businesses. Support service agencies in expanding overseas financing channels for small and medium-sized enterprises, providing financial risk assessment and response services, preventing financial risks such as changes in foreign exchange control policies, insufficient foreign exchange reserves, exchange rate fluctuations, etc. in target countries or regions, guiding small and medium-sized enterprises to choose safe and high-quality financial partners, and preventing the risk of financial information leakage. (6) Equity protection services. Leverage the role of law firms, tax service agencies, and international commercial arbitration institutions to provide small and medium-sized enterprises with services such as contract review, legal compliance consultation, dispute resolution strategies, tax impact analysis and tax planning, cross-border litigation and arbitration representation, and other overseas equity protection services. Encourage intellectual property service agencies to provide support for small and medium-sized enterprises going global with intellectual property protection services such asFrom: Chinese To: EnglishThe company provides services such as intellectual property risk assessment, international trademark registration agency, and overseas intellectual property infringement response guidance. Encourage service agencies to establish a complete emergency service channel for foreign affairs, improve the efficiency of overseas dispute response for small and medium-sized enterprises, establish a collaborative information communication mechanism, and continuously improve the overseas rights protection assistance system.III. Job Requirements (1) Strengthen organizational coordination and guarantee. Provincial small and medium-sized enterprise (SME) authorities should fully recognize the importance of carrying out overseas services for SMEs, strengthen the coordination and linkage between service agencies and SMEs, and develop detailed plans based on local conditions to flexibly and diversely carry out actions. (2) Pool high-quality resources. SME authorities in various regions should focus on leveraging various service resource advantages, enhance the systematic, precise, and effective supply of service resources. Utilize the role of the national SME service "network" to promote the integration of online and offline services. Support service agencies in providing customized service plans for specialized new and unique SMEs with willingness to go overseas, SME characteristic industry clusters, Sino-foreign SME cooperation zones, etc. (3) Strengthen publicity and guidance. The Ministry of Industry and Information Technology has set up a special column on the China SME service website for the "SME Overseas Service Special Action", highlighting the progress and effectiveness of service actions in various regions, summarizing and promoting innovative initiatives and experiences of various regions and service agencies in a timely manner. SME authorities in various regions should publicize service activities through multiple channels and forms, creating a good atmosphere for overseas service to benefit enterprises. (4) Timely summary and reporting. Provincial SME authorities should timely summarize the effectiveness of overseas services and typical cases, and submit the annual summary report of the special action to the Ministry of Industry and Information Technology (SME Department) by the end of December each year. Office of the Ministry of Industry and Information Technology January 15, 2025 This article is compiled from the official website of the "Ministry of Industry and Information Technology of the People's Republic of China". GMTEight Editor: Liu Xuan.