The city introduced the Regulations of Suzhou on Optimizing Business Environment, the first local regulations on business environment in Jiangsu Province.
The implementation of tax and fee reduction policies across the board has helped enterprises to save comprehensive cost of 35.32 billion yuan.
By implementing "one case" reform and accelerating" transprovince handling" and "intra-province handling" , Suzhou furthers its reform for business by separating permits from licenses and pushes forward reform for approval of construction project. The city has also adopted the online "wholechain pass" and offline "single-window system" to better serve the enterprises.
In 2021, the market saw 604,700 new market entities, including 127,000 newly established enterprises, an increase of 17.8% from the previous year. At the end of the year, there were 2.7407 million various market entities in total, of which there were 829,700 enterprises, a growth rate of 7.8% from the end of the previous year.
Financial reform and innovation in small and micro-sized enterprises digital credit investigation pilot zone , financial technology innovative supervision, digital RMB continues to deepen. Comprehensive financial service platforms helped 56,500 enterprises solve financing of over 1 trillion yuan in an accumulative manner. Major strides are made to support financial technology. Kedaitong solve the loans of 8.41 billion yuan for 2092 enterprises. The managed private equity funds reached 460 billion yuan. In result, Suzhou ranked the third in "Business environment evaluation by 10,000 civil enterprises" in the nation.
