The 8th Financing Forum for SMEs, sponsored by MOST, Ministry of Industry and Information Technology, Shenzhen Municipal Government and Shenzhen Stock Exchange, was opened in Shenzhen on Dec. 1，2010. The forum focused on building a multi-layered capital market and accelerating the change of economic growth pattern. Chairman of the China Securities Regulatory Commission (CSRC) SHANG Fulin and MOST Vice Minister WANG Weizhong addressed the event.
In his speech, VM WANG outlined the following four focuses of MOST in promoting finance for science and technology and improving the innovativeness and competitiveness of technology-based SMEs:
1. to study and formulate policies so as to promote finance for science and technology;
2. to carry out finance + science & technology demonstrations;
3. to improve innovation systems and facilitate the application of science and technology achievements;to work with the CSRC in expanding demonstrations of the agency share transfer system for high-tech enterprises.