作者 | 第一财经 桐欣 随着数量、效益显著提高，中小企业发展进入新阶段。 中国互联网络信息中心近日发布的《从互联网大数据看中小企业发展（2025）》（下称《报告》） 称，中小企业广泛分布于各个产业细分领域，贡献了我国60%以上的GDP、70%以上的技术创新、 80%以上的城镇劳动就业。 "'十四五'期间，我国中小企业的发展数量、效益、质量都有显著提高。"在今年9月举行的国新办发布 会上，工业和信息化部部长李乐成介绍称，截至2024年底，全国登记在册的中小企业数量超过6000 万户。 2025.12. 12 本文字数：2425，阅读时长大约4分钟 从省份分布看，根据《报告》数据，广东、江苏、山东三个省份中小企业数量总计超过1800万户， 占中小企业数量比重近三成。 年均新增超400万户 李乐成在上述发布会上介绍称，2021年以来，平均年新增中小企业超过400万户。"去年，全国规模 以上中小企业的用工人数超过1.28亿，就业的主渠道作用进一步发挥。规模以上工业中小企业的增 加值、营业收入、利润总额的年均增速分别为6.4%、7.4%、5.4%，均高于大型企业。" 在行业分布方面，批发和零售业、租赁和商务服务业、科 ...

企业是经济活动的重要主体，其稳与进、困与纾，影响着经济大盘的成色。稳企业，就是稳住经济增长 的"基本盘"。在经济循环中，企业既是产品和服务的供给者，也是生产要素的需求者；既是社会财富的 创造者，也是就业岗位的提供者。 11月份，制造业采购经理指数(PMI)在收缩区间内显现暖意，小型企业PMI达到近6个月高点；同时，1 月份至10月份，规上工业企业利润累计增速连续3个月保持增长。这两组数据，一为前瞻性景气指标， 一为滞后性效益体现，二者相互印证，展现出在宏观政策与经营主体的共同努力下，我国经济发展的微 观基础进一步夯实。企业是经济活动的重要主体，其稳与进、困与纾，影响着经济大盘的成色。稳经 济、稳预期，关键在于稳企业。 稳企业，就是稳住经济增长的"基本盘"。在经济循环中，企业既是产品和服务的供给者，也是生产要素 的需求者；既是社会财富的创造者，也是就业岗位的提供者。企业盈利能力的修复，是扩大再生产、进 行设备更新与技术升级的前提；高技术制造业等新动能领域的投资，更是推动经济转型的关键。从数据 看，10月份单月数据受基数、成本等因素影响有所波动，但1月份至10月份工业企业利润累计增长 1.9%，这表明企业的"造血 ...

Core Viewpoint - The article discusses the recent measures introduced by the State Council to stimulate private investment and promote its development, outlining 13 specific policy initiatives aimed at enhancing the participation of private capital in various sectors [1][3]. Group 1: Policy Measures - The government will conduct special feasibility studies for private capital participation in projects requiring national approval, allowing private capital to hold more than 10% in certain projects [3]. - Local authorities are encouraged to detail specific requirements for private capital involvement in project construction, particularly in smaller urban infrastructure projects [3]. - Private capital will be guided to participate in low-altitude economy infrastructure construction, with equal treatment in commercial space projects [3]. Group 2: Service Sector and Government Cooperation - The article emphasizes the removal of unreasonable entry barriers in the service industry, particularly in sectors like environmental protection and quality certification, to encourage private investment [4]. - It outlines the need for a new mechanism for public-private partnerships, ensuring fair conditions for private capital participation in concession projects [4]. - The government will increase procurement support for small and medium-sized enterprises (SMEs), mandating that at least 40% of budgets for projects over 4 million yuan be reserved for SMEs [4][5]. Group 3: Infrastructure and Digital Transformation - There will be enhanced regulation of network infrastructure operations to protect the rights of private enterprises in energy and transportation sectors [5]. - The government will support the establishment of major pilot platforms by private enterprises in key industries, facilitating market-oriented trial services from state-owned enterprises and research institutions [6]. - Initiatives will be taken to promote digital transformation among SMEs, including the development of comprehensive digital empowerment platforms [6]. Group 4: Financial Support and Investment - The central government will increase budgetary investments in eligible private investment projects, utilizing new policy financial tools to support key sectors [6][7]. - Financial institutions are encouraged to set annual service targets for private enterprises, ensuring access to credit and promoting innovative financing mechanisms [7]. - The article highlights the importance of supporting technology-driven enterprises in accessing public markets and investment trusts [7]. Group 5: Monitoring and Compliance - There is a call for improved services and guidance for private investment, including the establishment of a monitoring system for private investment statistics [7]. - The article stresses the need for private enterprises to operate legally and responsibly, emphasizing the importance of risk prevention and high-quality development in private investment [7].

Group 1 - The South Korean government has announced a "New Government Economic Growth Strategy" focusing on three major areas: advanced materials and components, climate energy future response, and revitalization of the K (Korean) industry, with a total of 15 innovative projects planned [1] - A national growth fund exceeding 100 trillion KRW is proposed to support strategic industries such as AI and small to medium-sized enterprises [1] - In the advanced sector, the government aims to increase the domestic production share of SiC power semiconductors from below 5% to 10% by 2030, and the technology self-sufficiency rate from 10% to 20% [1] Group 2 - The K industry aims to boost exports of K cultural products from 13.2 billion USD in 2022 to 25 billion USD by 2030, with a goal for small to medium-sized beauty enterprises to achieve 10 billion USD in exports [1] - In the biopharmaceutical sector, plans include the development of four new drug candidates and the cultivation of three global pharmaceutical companies [1] Group 3 - In the energy sector, the government plans to advance the standard design certification for Korean small modular reactors (SMR) by 2028 and establish regional bases [1] - The green hydrogen project will be expanded, with the goal of constructing the "West Coast Energy Highway" by 2030 [1] - In agriculture and fisheries, AI smart farming trials will be initiated, along with the development of 10-centimeter-level ultra-high-definition satellites [1]

Group 1 - The overall economic operation of small and medium-sized enterprises (SMEs) in China has remained stable in the first half of the year, with key economic indicators showing growth [3] - The added value of industrial SMEs above designated size increased by 8.0% year-on-year in the first half of the year [3] - The "little giant" enterprises, which are specialized and innovative SMEs, saw an added value growth of 8.6% year-on-year [3] - Over 80% of newly listed companies on the A-share market are specialized and innovative SMEs [3] Group 2 - The 15th National Games will be held in the Guangdong-Hong Kong-Macao Greater Bay Area from November 9 to 21, 2025, with various celebratory activities taking place [4]

Core Viewpoint - Recent financial policies introduced by regulatory authorities signal strong support for stabilizing the market and expectations, with a focus on increasing funding to the real economy and enhancing credit support for small and medium-sized enterprises [1] Financial Policy Measures - The People's Bank of China has reduced the reserve requirement ratio by 0.5 percentage points, lowered the policy interest rate by 0.1 percentage points, and decreased the rates on structural monetary policy tools by 0.25 percentage points [1] - These measures aim to expand the scale of funds directed by financial institutions to the real economy, reduce financing costs for enterprises, and improve the stability of their production and operations [1]