On the morning of January 18th, the Third session of the 13th Provincial Committee of the Chinese People's Political Consultative Conference held a joint group meeting. In the first large group, an in-depth discussion was held on the theme of "Expanding effective investment and boosting Consumption". Yin Hong, the Secretary of the Provincial Committee, attended the meeting and delivered an important speech. Song Fulong, the Secretary of the Provincial Committee of the Chinese People's Political Consultative Conference, presided over the meeting. Chen Min, Lu Xiaoqing, Xia Wenyong and other leaders also attended.

Li Xinnong, the president of Jiangxi Province Science and Technology Innovation Talent Federation and a director of Jinli Permanent Magnet Co., LTD., as a specially invited representative of overseas Chinese, delivered a special speech titled "Innovating Financial Services to Alleviate the Concerns of Private Enterprises in Science and Technology Innovation" at the meeting.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China explicitly proposed to establish a science and technology finance system that is compatible with scientific and technological innovation, and to strengthen financial support for major national science and technology tasks and small and medium-sized technology enterprises. However, at present, small and medium-sized private enterprises still encounter many difficulties in the process of technological innovation, especially the problem of capital bottleneck is particularly prominent. He listed specific problems such as enterprises' continuous innovation and insufficient innovation investment, overly tight local tax and fee collection affecting the investment of innovation funds, and excessively high capital leverage ratio restricting the enthusiasm for innovation, and elaborated in detail on the restrictive effects of these problems on enterprises' technological innovation.

In response to the above issues, Li Xinnong put forward the following suggestions: First, enhance the accuracy of financial allocation; The second is to enhance the essential nature of loans; Third, improve the incentive nature of the fund; Fourth, enhance the scientific nature of financing.

After the speech, Yin Hong, the Secretary of the Provincial Committee, Song Fulong, the Secretary of the Provincial Committee of the Chinese People's Political Consultative Conference, and the heads of various departments interacted and exchanged views with the 13 committee members.

The above article information is sourced from Jiangxi News Broadcast