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Liu Xiaolong: SME innovation and breaking up the financial system need to support front-end

Sina Financial News September 25 News, in today's Pujiang Innovation Forum, the Standing Committee of Shanghai Science and Technology Association, said Liu Xiaolong, breaking innovation of SMEs need the support of a sound financial system, capital should be more services in the high-tech industries clusters and SMEs.

Liu Xiaolong said that although our country is now a large number of venture capital, venture capital, but most of these tend to be in the back-end support for enterprise, rather than in front. The United States more than 300 Silicon Valley venture capital firms, they and the cooperation between Silicon Valley Bank to create an excellent supportive environment, from angel to venture capital funds to the PE, the Nasdaq is for the business environment community service. And China's 40 million small businesses have little access to any financial services, including bank loans and capital investment. If the future can Lujiazui, Zhangjiang, and all other high-tech industry cluster services, it will inevitably produce explosive effects.

In addition, Liu Xiaolong analysis of the six off the success of SMEs in the development of internal factors. First, companies need to develop technological breakthroughs, there is no technological breakthrough business model is not sustainable; second, must be differentiated, simple and pragmatic business model; Third, leaders must have a good attitude and good team cohesion capacity; fourth, the need for market and industry have ripped through the power of judge, this is a business critical strategic vision; fifth, to have sustained access to financial and other support resources. Sixth, the team must have a scientific, human incentives and corporate culture.

(eleven Huan Liang from Shanghai)

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