Legal basis: People's Republic of China (PRC) Small and Medium-sized Enterprises Promotion Law.
Article 1 This Law is formulated with a view to improving the business environment of small and medium-sized enterprises, ensuring their fair participation in market competition, safeguarding their legitimate rights and interests, supporting their entrepreneurial innovation, promoting their healthy development, expanding employment in urban and rural areas, and giving full play to their important role in national economic and social development.
Article 2 The term "small and medium-sized enterprises" as mentioned in this Law refers to enterprises with fewer employees and smaller business scale established in People's Republic of China (PRC) according to law, including medium-sized enterprises, small enterprises and micro enterprises.
The criteria for the division of medium-sized enterprises, small enterprises and micro-enterprises shall be formulated by the comprehensive management department of the State Council responsible for promoting the development of small and medium-sized enterprises in conjunction with the relevant departments of the State Council according to the indicators of employees, operating income and total assets, combined with the characteristics of the industry, and submitted to the State Council for approval.
Article 3 The state regards promoting the development of small and medium-sized enterprises as a long-term development strategy, adheres to the principles of equal rights, equal opportunities and equal rules for all types of enterprises, and implements policies of actively supporting small and medium-sized enterprises, especially small and micro enterprises among them, improving services, standardizing according to law and safeguarding rights and interests, so as to create a good environment for their establishment and development.
Article 4 Small and medium-sized enterprises shall operate according to law, abide by national laws and regulations on labor and employment, production safety, occupational health, social security, resources and environment, quality standards, intellectual property rights, finance and taxation, follow the principle of good faith, standardize internal management and improve management level; Shall not harm the legitimate rights and interests of workers, shall not harm the public interests.
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The above answer is only for the current information combined with my understanding of the law, please refer carefully!
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