To implement the Twelfth Five-year Plan and the strategy of “supporting and guiding the development of the non-public economy” put forward by the central meeting on economic work, actively execute the strategy, support continuous development of private enterprises by promoting the development of the debt capital market, and boost the special service for members, NAFMII held a special seminar on April 17-18, 2012 in Jiangsu province. The seminar was attended by more than 50 private enterprise members of NAFMII. NAFMII Deputy Secretary-General Yang Nong attended the meeting, and delivered a summary speech.

The attendees held in-depth exchanges and heated discussions on topics including China's current macroeconomic situation and policy, diversified choices and strategy of financing channels, and how to broaden financing channels of private enterprises, expand their direct financing scale, increase their financing efficiency, and mitigate their financing difficulty.

The attendees unanimously thought that private enterprises have made obvious achievements with further deepening of reform and opening up. The healthy and continuously development of private enterprises would have not come true without financial service and support. At present, with rapid development and expansion of China’s debt capital market as well as continuous innovation and enrichment of bond varieties, private enterprises have had more diversified financing channels, and direct debt financing has grown into an important way for them to raise funds. The constant promotion of short-term commercial paper (CP), medium term note (MTN), SME collection note (SMECN), private placement of debt financing instruments and other products is of positive and practical significance to optimize financing structure, reduce financing cost and mitigate financing difficulties of private enterprises.

Private enterprises have become an important element of China’s national economy, noted NAFMII Deputy Secretary-General Yang Nong in a summary. NAFMII will, based on the needs of financial market development and the real economy, further propel innovation of financial products, reinforce financing support to private enterprises, further exert the active function of finance in supporting private enterprises, and create a better financial environment to promote healthy and continuous development of private enterprises.