BEIJING, Oct. 25 (Xinhua) – Chinese regulators will support financing via public listings by qualified service companies with advanced technologies, according to a a recently issued guideline.
The National Development and Reform Commission (NDRC) and State Administration for Market Regulation earmarked in their jointly-issued document ten key tasks to promote high-quality development of services sector.
Regarding financing supports for small- and medium-sized enterprises (SME) in service sector, the Chinese regulators also proposed in the guideline to introduce more venture capital (VC) into service-field SMEs.
By 2025, China's service sector is expected to realize continuous growth in added value, stable rise of the proportion in gross domestic product (GDP), and larger employment.
Profound integration between modern services sector and advanced manufacturing sector is also planned together with further improvement in sector environment and opening up.
A batch of key generic technology platforms are expected to be crafted and the new generation of IT such as artificial intelligence, cloud computing, and big data will be promoted to be applied in service sector in a deeper sense.
New business forms including smart logistics, services outsourcing, combination of hospitals and old care institutions, e-health, and distance education will be encouraged, and orderly development of such new modes as platform economy, co-share economy, and experience economy will be guided. (Edited by Duan Jing, firstname.lastname@example.org)