On May 16, the Ministry of industry and information technology, the national development and Reform Commission and other 11 departments jointly issued the notice on carrying out "joint action" to promote the financing and innovation of large and medium-sized enterprises, which proposed to promote the formation of a coordinated, efficient, integrated and smooth financing and innovation ecosystem of large and medium-sized enterprises by 2025, and effectively support the supply chain of the industrial chain, supplement and strengthen the chain. Liang Zhifeng, director of the Bureau of small and medium-sized enterprises of the Ministry of industry and information technology, stressed that large enterprises have significant advantages in R & D capacity, market share and brand value. Small and medium-sized enterprises have unique advantages in rapid response to innovation demand, rapid product iteration and low-cost trial and error. The financing and innovation of large and medium-sized enterprises is not only a catalyst to release the innovation vitality of large enterprises and stimulate the innovation potential of small and medium-sized enterprises, but also to enhance the industrial chain Supply chain stability and competitiveness of the adhesive. Focus on "seven chains" to deploy key tasks In order to further promote the leading and driving of large enterprises and give full play to the important role of small and medium-sized enterprises in the supply chain reinforcement and strengthening of the industrial chain, the "joint action" proposes to guide large enterprises to create a number of typical modes of financing for large and medium-sized enterprises by 2025 through ecological construction, base cultivation, internal incubation, enabling drive and data connectivity; Stimulate the emergence of a number of specialized, special and new small and medium-sized enterprises with outstanding collaborative supporting ability; Through policy guidance, mechanism construction and platform building, we will promote the formation of a collaborative, efficient, integrated and smooth financing and innovation ecosystem for large, medium and small enterprises, and effectively support the supply chain of the industrial chain to supplement and strengthen the supply chain. The "joint action" focuses on the "seven chains" of innovation chain, industrial chain, supply chain, data chain, capital chain, service chain and talent chain, and deploys seven key tasks. In terms of building the innovation chain of large and medium-sized enterprises, guide large enterprises to open various innovative resource elements such as brands, design and R & D capabilities, instruments and equipment, test sites and so on to small and medium-sized enterprises; Promote the formation of a number of innovation consortia, and promote large, medium and small enterprises to strengthen innovation cooperation in technology R & D, standard setting, patent layout, green development and so on. In terms of consolidating the industrial chain of large and medium-sized enterprises, organize specialized and new small and medium-sized enterprises to carry out technical research and prototype research and development according to the weak links of the industrial chain and the supporting needs of large enterprises; Promote large enterprises to help supporting small and medium-sized enterprises improve their technological processes, quality management and product reliability; Organize special new "little giant" enterprises to connect with large enterprises according to the industrial chain, and help small and medium-sized enterprises integrate into the industrial chain of large enterprises. The "joint action" specifies that under the same conditions, small and medium-sized enterprises that provide core products or services for key leading enterprises in key industrial chains will be preferentially recognized as specialized and special new "little giant" enterprises, and the support for specialized and special new small and medium-sized enterprises will be strengthened through the central and local finance. Financing innovation of large and medium-sized enterprises is an effective channel to release the innovation vitality of large enterprises and stimulate the innovation potential of small and medium-sized enterprises. It is an important way to improve the stability and competitiveness of the industrial chain supply chain and an important organizational form to build a modern economic system. In 2018, the Ministry of industry and information technology, together with the national development and Reform Commission and other departments, issued and implemented the three-year action plan for promoting the financing and development of large, medium and small enterprises, which has achieved remarkable results. Liu Guoyan, director of the enterprise and Entrepreneurship Research Office of China Macroeconomic Research Institute, stressed that the key to promoting the financing development of large and medium-sized enterprises is to aim at the blocking points of financing of large and medium-sized enterprises. "The development blocking points of small enterprises are mainly reflected in capital, technology, market and talents. It is large enterprises that play a decisive role in breaking through the blocking points. Large enterprises should give full play to the driving role of 'chain length' and actively fulfill their social responsibilities." Optimizing enterprise capital chain with finance as the link Ma Bin, executive vice president of China Association of small and medium-sized enterprises, introduced that affected by the conflict between Russia and Ukraine, the sharp rise in commodity prices, high overseas inflation and other factors, small and medium-sized enterprises were still under pressure in the first quarter, especially the small and medium-sized enterprises downstream of the industrial chain, which had weak bargaining power, poor cost transmission ability, double squeeze profits, and small and medium-sized enterprises looked forward to greater support in finance, taxation and finance. Taking finance as the link and optimizing the capital chain of large, medium and small enterprises is one of the key tasks deployed by the joint action, including three measures: Innovate the financial service mode of industrial chain supply chain. Improve the financial service mechanism of industrial chain supply chain, encourage financial institutions to develop credit, insurance and other financial products in combination with the characteristics of key industrial chain supply chain, and strengthen the financing services of supply chain accounts receivable, orders, warehouse receipts and inventory. Promote the whole chain support of direct financing. Guide all kinds of industrial investment funds to increase the combined joint investment in the upstream and downstream enterprises of the industrial chain supply chain, strengthen the financing support for the whole industrial chain, give full play to the advantages of resource agglomeration, and provide various value-added services for small and medium-sized enterprises. Guide large enterprises to strengthen supply chain financial support. Promote large enterprises to support and cooperate with upstream and downstream small and medium-sized enterprises to carry out supply chain financing, and help alleviate the difficulty and high cost of financing for small and medium-sized enterprises. Guide large enterprises to strengthen compliance management, do not abuse their market dominant position, set unreasonable payment terms and time limits, and standardize the payment of accounts of small and medium-sized enterprises. (Xinhua News Agency)