Recently, the General Administration of Market Regulation issued the “Action Plan to Promote Platform Enterprises to Empower the Development of Individual Businesses”. The “Action Plan” proposes that by the end of 2027, a “batch of five” work results will be formed on a rolling basis, that is, launching a batch of accurate “drip irrigation” support measures, cultivating a group of high-quality merchants with distinctive characteristics, transformation and development, customizing a batch of “thirst quenching” effective, vivid and practical training courses, building a number of digitally empowered, tangible and sensible application scenarios, and selecting a number of innovative, integrated, learnable and identifiable typical examples of enterprises that build platforms to empower the development of individual businesses. The “Action Plan” lays out five areas of special operations. The first is to carry out startup support activities. Strengthen support for individual businesses newly entering the platform, facilitate business entry, and reduce operating costs. The second is to carry out key nurturing actions. Build a “famous, excellent and new” gold sign, guide platform enterprises to connect resources, and support the development of local characteristic industries. The third is to carry out actions to enhance capacity. Strengthen publicity and skills training on policies and regulations, guide individual businesses to abide by the law and operate in compliance with the law, and enhance market competitiveness. Fourth, carry out digital empowerment actions. Encourage platform companies to launch more lightweight and low-cost digital operation tools to reduce the operating burden on individual businesses. The fifth is to carry out innovative demonstration actions. Encourage all regions to launch a package of measures to support the online development of individual businesses in line with actual practice, and make good use of carrier platforms such as the “National Individual Business Development Network”. The “Action Plan” requires market supervisory authorities at all levels to strengthen coordination, explore practical measures according to local conditions, strengthen work guidance, summary and publicity, and create a good atmosphere of common concern and support for the development of individual businesses.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.