The government needs to refine policies in supporting bus

siness startups and innovation-oriented companies, and exercise accommodating and prudent r

egulation. We need to promote the integrated development of companies of different sizes,” Li said.

The Internet Plus model will be upgraded. Efforts will be m

ade to accelerate the development of industrial internet and promote broader ap

plication of the Internet Plus model in medical care, elderly care, education and other social sectors.

A higher ratio of nonperforming loans to micro and small firms will be allowed. The NPL ratio

of such loans will be relaxed to no more than 3 percentage points higher than the overall NPL ratio fr

om the current 2 percentage points. Venture capital firms will receive support in financing through bond issuance.

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