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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : tidenq@tid.gcn.gov.hk

Ref : EIC 631/2/5

23 July 2002

Dear Sirs,

Commercial Information Circular No. 135/02

The Mainland of China :Law on Promotion of Small and
Medium-sized Enterprises

The Standing Committee of the National People's Congress passed the Law on Promotion of Small and Medium-sized Enterprises on 29 June 2002. The Law will come into force on 1 January 2003.

  1. The Law aims to strengthen the support provided to small and medium-sized enterprises (SMEs) in the Mainland. It demands the Central Budget to allocate special funds to aid the development of SMEs, whereas the local government to provide financial support to SMEs according to individual circumstances. Besides, SMEs are encouraged to introduce foreign capital, technology and management skills to their businesses, and to establish Chinese-foreign equity joint ventures and Chinese-foreign contractual joint ventures. The Law is attached at Annex (pdf format) for reference.

 

ENQUIRIES

 

  1. If you have any questions on the content of this circular, please contact MissEugenia CHAN at 2398 5444.

 

Yours faithfully,

 

(Miss Cindy CK CHENG)

for Director-General of Trade and Industry



Note : While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.