February 28, 2024

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China Rolls Out Online Platforms to Help Businesses

China has ramped up support for small businesses, especially individual ones, by launching new websites that extend better services, according to the State Administration for Market Regulation. The latest data from the administration showed that among China’s over 150 million market entities, 102 million are an individual or home businesses and 43.17 million are small and micro firms. They depend on accessible services and information to survive.

The two new websites going online on Dec 16, one as an integrated registration services platform for all market entities and the other a government-business interaction window, are established to meet those needs. The websites will provide timely and accurate information about the market and relevant policies.

China has also rolled out two platforms to improve services for self-employed and private businesses as part of the country’s broader push to support all market players for greater vitality. The latest data from the administration showed that among China’s over 150 million market entities, 102 million are self-employed businesses and 43.17 million are small and private firms. They depend on accessible services and information to survive.

One of the new platforms integrates the portal to must-have administrative business procedures of different places in China. Self-employed and private businesses can apply for company registration, variation and removal on the integrated platform.

The other platform offers channels to understand, apply, and inquire about relevant policies and information. For instance, they can know about current petty loans from different banks and financial institutions and how to apply for them.

The move is to further support the development of the country’s self-employed and private businesses, to relieve their bottlenecks while doing business, and to make business-benefit policies more accessible for them. The recent Central Economic Work Conference said China will use its macroeconomic policies to continuously stimulate the vitality of market entities next year.

Such efforts have offered some down-to-earth help for us self-employed businesses. A more timely policy will help bail out some temporary difficulties, especially those arising from COVID-19. China’s self-employed and private businesses have been developing rapidly and have played an important role in stabilising economic growth. The country will closely track their operational conditions and give stronger policy support.

The Ministry of Industry and Information Technology said private enterprises contribute on average around 50% of tax revenue, 60% of GDP, 70%  of technological innovation, and 80% of urban employment. To some extent, China’s economy will be in good momentum if private and smaller businesses remain sound. Many of them are increasingly being recognised for their role as leaders for new concepts and new business models.

As reported by OpenGov Asia, China issued a guideline on developing the mobile terminal for a nationwide integrated administrative service platform to move more government services online using mobile phones. The development will combine mobile terminals of the administrative service platforms at the State level, State Council department level, and provincial level.

The guideline encourages the creation of unified standards in terms of developing and accessing the integrated mobile terminal, its quality management, as well as security protection and management. The integrated system will have a list of high-demand services that can be accessed with a fingertip, focusing on education, social security, healthcare, and taxation, among other areas. With unified management, procedures should be improved and documents streamlined in providing mobile administrative services.

The guideline also requires a unification of identity recognition, including on a cross-regional, cross-departmental basis, data sharing, and application management. Mobile terminals of administrative service platforms should introduce better functions such as personalised records, easier searches, service rating, and seniors-friendly modes, and can be extended to public transport, utilities, and other services concerning people’s livelihoods. The guideline calls for using technologies including big data, Artificial Intelligence (AI), and 5G to make mobile administrative services easier to access.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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