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Over 300,000 New Small and Micro Enterprises have been Established in Our Province throughout the Last Year.
2018-02-12 10:17:52

Recently, the reporter learned from the Provincial Trade and Industry Bureau that the reform in "One-Stop Service" has provided vitality for entrepreneurship and innovation. The number of small and micro enterprises in our province has hit a record high. 2017 saw an increase of 307,000 newly established small and micro enterprises with a registered capital of less than 5 million yuan in our province, an increase of 24.4% over the previous year. The number of small and micro enterprises registered in this province has reached 1,683,000, a net increase of 254,000 over the previous year.

The transformation of the market players has led to the industrial upgrading. In 2017, 24,000 private businesses have been transformed into enterprises and 362,000 private businesses have been canceled across the province. The proportion of enterprises in all market players increased from 31.9% at the end of 2016 to 33.1% at present, of which the rate of the enterprises in Hangzhou, Ningbo and Jinhua saw the largest increase. In particular, Hangzhou drew on various types of venture capital institutions, incubators as well as entrepreneurship and innovation platforms to promote the integration of the traditional industries with high-end factors and achieve industrial upgrading, with the share of the enterprises reaching 52.3%, an increase of 1.95% over the previous year, and with both the absolute value and the increment taking the lead in all the cities across this province. Jinhua provided all the other cities with pilot experience in its guidance of the optimization and upgrading of traditional industries and its focus on development, urging the transformation of private businesses into enterprises by means of the rectification of the crystal industry in Pujiang and the upgrading of the hardware industry in Yongkang to eliminate backward production capacity.


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