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**Abstract**
In line with the Henan Provincial Government’s strategic decisions aimed at promoting 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 enhance financial support for SMEs across the province. This funding is intended to help businesses overcome challenges and drive innovation, particularly in key sectors such as technology, manufacturing, and service industries.
The Henan Provincial Department of Finance has emphasized the importance of targeted financial support, focusing on areas like technological advancement, industrial upgrading, and the development of specialized SMEs. By investing in innovation and competitiveness, the government aims to foster a new generation of dynamic and market-ready enterprises that can contribute to the long-term growth of the provincial economy.
To further strengthen this support, 100 million yuan has been allocated to assist 281 SMEs in enhancing their innovation capabilities. Additionally, special funds totaling 60.01 million yuan and 118.8 million yuan have been set aside to promote technological progress, energy efficiency, and brand development. These measures are designed to encourage both enterprise investment and broader societal engagement in supporting tech-driven SMEs.
In 2013, Henan Province allocated 67.7 million yuan to support 1,578 SMEs in exploring international markets. The initiative included subsidies for overseas exhibitions, product certifications, patent applications, advertising, and market research. This move was aimed at helping local SMEs expand globally and transforming the way Henan conducts foreign trade.
To address the issue of limited access to credit, 59.6 million yuan was provided to 42 SME credit guarantee institutions to expand their services. This included increasing capital and offering premium subsidies to encourage more support for micro and small enterprises, thereby alleviating their financing challenges.
Moreover, the government has reformed its financial support policies, shifting from peer-to-peer assistance to a more centralized and efficient system. By expanding the role of public service platforms and centralizing fund reviews, the government ensures better oversight and more effective policy implementation. This approach allows for more tailored support while enabling provincial departments to focus on policy research and performance evaluation.