Giving voice to the issues faced by enterprises

LOCAL private companies would like easier financing, a lower threshold to market admission and better communication with the government, according to their representatives.

During a conference hosted by the Chinese People’s Political Consultative Conference Shanghai Committee, 13 representatives of local private enterprises elaborated on some of the challenges that private companies face.

Some are long standing, such as difficulty obtaining loans with relatively low interest.

“The key point is to establish a credit system for private enterprises,” said Chen Chang, vice chairman of the Shanghai Federation of Industry and Commerce. He said the federation has run a trial with scientific and innovative enterprises.

Private companies would also like to be treated in line with state-owned enterprises.

Lin Kaiwen, a standing committee member of the CPPCC Shanghai Committee, said private enterprises should have more opportunities, which would improve Shanghai’s economy as a whole.

Ding Zuohong, a representative from the private companies said that although they have the Shanghai Federation of Industry and Commerce to ask for help, it cannot interact smoothly with the Shanghai Development and Reform Commission or Shanghai Commission of Economy and Information or other government organizations.