The first entity fund of the National Small and Medium-sized Enterprise Development Fund has achieved good results since it was officially put into operation in 20 16, with a total scale of 6 billion yuan (RMB, the same below). 2065438+September 2005, the Ministry of Finance of China announced the establishment of the National Small and Medium-sized Enterprise Development Fund, and the central finance will contribute/kloc-0.5 billion yuan to set up the National Small and Medium-sized Enterprise Development Fund with a total scale of 60 billion yuan. On October 20 16 1 month, the first gold entity fund of the National SME Development Fund settled in Shenzhen. The Ministry of Industry and Information Technology reported on the 29th that the central government contributed 65.438+0.5 billion yuan of the fund's 6 billion yuan, which attracted 4.5 billion yuan of social capital from Shenzhen municipal government, financial institutions and large private enterprises, and the central government's fund amplification effect was remarkable. Up to now, the first entity fund has held 17 projects, involving a total investment of 360 million yuan; The 14 funded project with a total investment of 270 million yuan has been completed. From the investment stage, this entity fund focuses on the investment of seed and start-up enterprises; From the perspective of industry distribution, entity funds insist on investing in key areas or weak links with certain competitiveness but market failure. The investment direction covers new energy and new materials, high-end equipment [-0. 14%] manufacturing, biomedical health, new internet media, information technology and so on. According to the Ministry of Industry and Information Technology, the bidding work of the following three entity fund management institutions has been completed. By the end of 20 15, there were more than 20 million small and medium-sized enterprises and 54 million individual industrial and commercial households in China. In that year, the tax payment of small and medium-sized enterprises above designated size accounted for nearly 50% of industrial enterprises above designated size. Small and medium-sized enterprises provide more than 80% urban jobs and become the main channel of employment.