Ministry of Commerce and 6 other departments: Support qualified e-commerce companies to list and raise funds domestically and internationally

Business News (Reporter Liu Meng) On April 6, six departments including the Ministry of Commerce issued the “Guiding Opinions on Better Serving the Real Economy and Promoting High-Quality Development of E-Commerce” (hereinafter referred to as the “Opinions”). The “Opinions” overall plan for promotion and regulation, efficiency and fairness, vitality and order, proposes 5 aspects and 16 measures, and builds a framework and system for the high-quality development of e-commerce.

First, focus on empowering and improving efficiency, and propose 3 measures to help small and medium-sized enterprises transform, deepen rural e-commerce, and cultivate industrial e-commerce, giving full play to e-commerce advantages to help consolidate and strengthen the foundation of the real economy.

Second, strengthen innovation leadership, and propose 3 measures to accelerate the application of technological innovation, vigorously develop quality consumption, and actively build integrated carriers, further deepening the integration of online and offline, and helping achieve a higher level of dynamic balance between supply and demand.

Third, advance high-level opening-up, and propose 4 measures to promote cross-border e-commerce, expand “Silk Road e-commerce,” accelerate institutional-type opening-up, and promote the alignment of rules, to jointly build and share China’s large e-commerce market.

Fourth, create a favorable ecosystem, and propose 3 measures to strengthen platform responsibilities, strengthen normalized supervision, and guide compliant overseas expansion, to promote win-win development among all parties in the ecosystem.

Fifth, strengthen support and safeguards, and propose 3 measures to optimize the supply of financial products, unlock the value of data elements, and strengthen precise training of talent, so as to continuously consolidate the foundation for the development of e-commerce.

With regard to strengthening support and safeguards, the “Opinions” propose that, by leveraging the role of industrial investment funds and science and technology innovation mother funds, and under the premise of compliance with laws and regulations and controllable risk, financial institutions are encouraged to improve diversified financial service models in line with the financing needs of e-commerce enterprises. Use comprehensive means such as loans and equity to provide full-chain, full-lifecycle, diversified, relay-style financial services for innovation in e-commerce business models. Encourage financial institutions to cooperate with e-commerce enterprises to innovate credit products and services. Support qualified e-commerce enterprises in issuing bonds for financing, optimize financing-related policy procedures, and support qualified e-commerce enterprises in raising funds through listing both domestically and overseas.

Around overseas expansion of e-commerce enterprises, the “Opinions” propose to formulate overseas expansion guidelines for e-commerce enterprises, support qualified localities in building cross-border e-commerce compliance overseas expansion service platforms based on overseas comprehensive service systems, and encourage e-commerce enterprises to register trademarks overseas, apply for patents, and layout their own trademark brands to improve the level of compliance.

In addition, the “Opinions” propose to strongly support overseas warehouses for cross-border e-commerce, improve overseas smart logistics platforms, innovate digital trade development, and support e-commerce enterprises in expanding exports of high-quality digital services. Encourage e-commerce enterprises to build direct procurement bases overseas, expand imports of high-quality and distinctive products, and create an e-commerce “Express Lane” that brings global quality goods into the Chinese market.

The person in charge of the Department of E-Commerce of the Ministry of Commerce said that, in the next step, the Ministry of Commerce will work with relevant departments to ensure policy implementation, promote high-quality development of e-commerce, better serve the real economy, empower industries, benefit people’s livelihoods, and reach across the globe, making a greater contribution to serving the effort to build a new development paradigm.

(Editor: Wen Jing)

Keywords:

                                                            E-commerce