Translated by Fang Yuanyuan (Shandong On Internet www.sdnews.com.cn)

The reporter learned from the Shandong Provincial Department of Finance that in order to promote Shandong SEM sustained and healthy development, the province has issued22 finance and taxation policies, and arranged 397 million yuan of special fund for development, focusing on supporting the start-up of the small micro-enterprises.
Until 2011, the small and medium enterprises of the province reached 760,000, added value of enterprises above designated size, increased by 18.3 percent, continuing to maintain the good momentum of steady and rapid development. Affected by the international and domestic economic situation, small and mdium enterprises are faced with the raw materials, labor, and financing costs rise in pressure. The contradiction between supply and demand of funds existed. The introduction of the "22" policy, to increase the financial support for the development funding, the 2012 provincial budget for special funds to support the development of small and medium-sized enterprises  reach to  397 million yuan ,more than last year 7000 million with the  increase of 21.41%. In addition, the province is to study the establishment of the development Fund, social intermediary organizations to venture investment institutions, industrial investment funds and financing guarantees for equity participation to support the focus on the increasing use of indirect means to increase SME support and focus to support for small and microenterprises tilt.