(Yicai Global) April 8 --  China will roll out a host of measures, including slashing reserve  requirement ratios and encouraging firms to get listed on the upcoming  science and technology innovation board, to support the nation's small  and medium-sized enterprises.

The government will create  more financing channels, reduce tax burdens, and protect intellectual  property to help SMEs tackle rising costs, financing difficulties and  inadequate innovation capabilities, a guideline document released by the  two political agencies of the General Office of the Communist Party of  China Central Committee and the General Office of the State Council  shows. The sci-tech board with lowered listing requirements is scheduled  to be launched in the first half. 

China will enhance its  public services and accelerate the establishment of credit information  sharing platforms for SMEs. The government will also broaden market  access, reduce red tape, and strengthen supervision. 

SMEs increase employment,  improve people's livelihood, as well as promote entrepreneurship and  innovation, while providing a major impetus for economic and social  development, the document added. 

Editor: Emmi Laine