# China prepares next phase of national SME fund to boost tech start-ups and IPOs

https://mins.news/en/item/43725

- South China Morning Post, 2026-09-03 12:37 UTC
- Economy
- Original: https://www.scmp.com/economy/china-economy/article/3366269/china-prepares-next-phase-national-sme-fund-boost-tech-start-ups-and-ipos?utm_source=rss_feed

> China is preparing to launch the second phase of its National SME Development Fund, prioritising IPO incubation and directing private capital toward innovative early-stage companies and hard-tech projects with long-term potential. The phase was confirmed alongside a 15th five-year plan for SME development issued by the Ministry of Industry and Information Technology and nine other agencies.