2015-05-07

State Council Pushes E-Commerce and Internet IPOs

More support for e-commerce startups
The State Council released a guideline on e-commerce development, to foster new growth drivers.

The government pledged to create a favorable environment for e-commerce by cutting redtape, easing market access and lowering taxation.

Efforts will be made to strengthen resource sharing, online security, financing, infrastructure and credit system services, according to the guideline.

In the meantime, China will gradually regulate market practices to secure a fair competitive environment for startups, with the aim of building a unified and orderly e-commerce market by 2020.

The guideline also called for support to enable those in rural areas to benefit from e-commerce, and further opening-up measures to facilitate international cooperation.—Xinhua

iFeng: 国务院:发展电子商务 加快培育经济新动力

Here's the article on the State Council encouraging IPOs: 国务院:鼓励符合条件的互联网企业在境内上市
Establish and improve e-commerce development to adapt to a diversified, multi-channel investment and financing mechanism. (Authorities responsible for the division of responsibilities according to each) research to encourage qualified Internet companies listed in the territory and other related policies.

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