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**Abstract**
In line with the Henan Provincial Government’s strategic plans to ensure steady economic growth, significant efforts have been made to support the development of small and medium-sized enterprises (SMEs). As part of these initiatives, a total of 500 million yuan has been allocated to provide enhanced financial support for SMEs across the province. This funding aims to address key challenges such as limited access to capital, technological upgrades, and market expansion.
The Department of Finance in Henan Province has emphasized the importance of targeted financial assistance, focusing on micro-enterprises, technology-driven SMEs, and those engaged in innovation and transformation. Through various programs, the government is working to strengthen the competitiveness of local SMEs and foster their long-term sustainability.
A portion of the funds—100 million yuan—has been specifically allocated to support 281 SMEs, aiming to boost their innovation capabilities and help them become more dynamic players in the market. Additionally, special funds totaling 60.01 million yuan and development funds of 118.8 million yuan have been set aside to encourage technological progress, energy efficiency improvements, brand development, and collaborative efforts among businesses.
To promote international expansion, Henan allocated 67.7 million yuan in 2013 to assist 1,578 SMEs in exploring overseas markets. This included financial support for participation in international exhibitions, obtaining foreign certifications, filing patents abroad, and conducting market research. The initiative also encouraged SMEs to invest in e-commerce and acquire foreign technologies and brands, helping shift the province's foreign trade model toward more sustainable and diversified growth.
In response to common financing challenges, 59.6 million yuan was used to support 42 SME credit guarantee institutions, expanding their services and increasing their registered capital. These measures aim to ease the burden of accessing loans and improve the overall financial environment for SMEs.
Furthermore, the government has reformed its financial support policies, focusing on better fund management and transparency. By centralizing reviews at the provincial level while maintaining local involvement, the system ensures that support is both efficient and tailored to the specific needs of businesses. This approach allows for more focused policy research, stronger oversight, and improved performance evaluation of funded projects.