Eight Ministries And Commissions: Accelerating The Transformation Of China From A Big Silk Country To A Strong Silk Country

Recently, the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Agriculture, the People's Bank of China and the State Administration of Taxation, formulated and issued the Opinions on Further Promoting the Healthy Development of the Cocoon Silk Industry to support the transformation and upgrading of the cocoon silk industry and further promote the healthy development of the cocoon silk industry, Accelerate the transformation of China from a big silk country to a strong silk country.

"At present, many enterprises are seeking transformation and upgrading. However, in the current situation that the cocoon and silk industry is generally depressed and the enterprise operation is very difficult, whether it is equipment updating, equipment introduction, or technical transformation, industrial upgrading, these all need policy support from the financial aspect." The insiders pointed out that, Financial support is the focus of the Opinions.

The Opinions pointed out that financial support should be strengthened. Give full play to the role of financial funds in guiding and driving the development of the cocoon and silk industry, gradually expand the scale of funds from the central financial budget to support the development of the cocoon and silk industry, and focus on supporting the transformation of mulberry orchards and silkworm rooms, disease and insect prevention, enterprise technological progress, scientific and technological innovation, structural adjustment, energy conservation and emission reduction, comprehensive utilization, marketing channel construction, brand building, silk culture construction, industrial public service system construction, etc. Strengthen the construction of silkworm breeding base and production base in combination with relevant channels.

At the same time, improve the investment and financing mechanism. We will actively support eligible cocoon and silk enterprises to raise funds through listing and issuing debt financing instruments. Promote the construction of investment and financing service institutions such as industrial investment funds, and support the transformation of scientific and technological achievements of cocoon silk and the entrepreneurship of small and medium-sized silk design creative enterprises. Encourage private capital and foreign capital to enter the cocoon and silk industry allowed by the policy. Within the business scope approved by the state, policy financial institutions provide financing support for sericulture biological breeding, new biological materials, clean printing and dyeing, and advanced finishing technologies that meet the conditions of national strategic emerging industries. Commercial financial institutions should further improve financial services and provide financing support for eligible cocoon and silk enterprises in accordance with the principles of risk control and commercial sustainability. Promote various financing guarantee institutions to increase their efforts to provide financing guarantee for cocoon and silk scientific research service institutions, silk creative design enterprises and scientific and technological achievements transformation service enterprises in accordance with commercial principles.