China Youth Entrepreneurship Development Report (2022) was released.

　　This newspaper (reporter Wang Shanshan from Zhongqing Daily and Zhongqing.com) on November 15th, China Youth Entrepreneurship and Employment Foundation and Zeping Macro officially released the Report on the Development of Youth Entrepreneurship in China (2022) (hereinafter referred to as the Report). The Report consists of six parts: the current situation of entrepreneurship development, the portrait of youth entrepreneurship groups in China, the measures to promote youth entrepreneurship development in typical cities, the index of youth entrepreneurship development in China, the ranking of urban youth entrepreneurship development in China and suggestions.

　　According to the Report, innovation and entrepreneurship in China presents a high-quality development trend, with a considerable number of ventures, high venture capital activity, simultaneous follow-up by innovation and service institutions, and an excellent overall entrepreneurial environment. The Report points out that youth entrepreneurship is characterized by youthfulness, high education and small start-up capital. The main force of entrepreneurship is mainly undergraduate and junior college, focusing on agriculture, forestry, animal husbandry and fishery, wholesale and retail, education and culture. Nearly 70% of entrepreneurial youth have a start-up capital of less than 100,000 yuan. More than half of young entrepreneurs’ profits and losses fluctuate, and 70% of young entrepreneurs start making profits within three years. 54% of college entrepreneurs have participated in entrepreneurship competition, 62% of young entrepreneurs in emerging science and technology believe that innovative and entrepreneurial platforms such as entrepreneurial parks and incubators have greatly helped their entrepreneurial success, and 56.2% of returning entrepreneurs are college students.

　　In recent years, various localities have launched targeted measures to effectively help young people start businesses. The research group of the Report conducted field research in Guangzhou, Qingdao, Chongqing, Zhengzhou and Shenyang, and found that Guangzhou pays attention to building innovative and entrepreneurial training brands and promoting the integrated development of entrepreneurial projects and industries. Qingdao has strengthened and upgraded the mode of "group-bank cooperation" and improved the financial support for entrepreneurship. Chongqing relies on the help brand project "Qingfeng Plan" to solve the financing problem in the early stage of youth entrepreneurship. Zhengzhou established the Incubation Carrier Industry Association to build a bridge between the government and enterprise carriers and stimulate the vitality of "double innovation". Shenyang has built a team of "five in one" entrepreneurial tutors and diversified resources to support entrepreneurship.

　　According to the Report, with the continuous improvement of the national entrepreneurial environment and the continuous refinement of entrepreneurial support policies, from 2015 to 2021, the China Youth Entrepreneurship Development Index rose from 100 to 171.0. Among the 50 youth entrepreneurship-friendly cities in 2021, Beijing, Shenzhen and Shanghai rank among the top three, while first-tier cities, developed provincial capitals and developed prefecture-level cities in the east rank among the top. The Report pointed out that venture capital, social resources and knowledge reserves are the main difficulties faced by young entrepreneurs, and increasing the support of preferential tax policies for entrepreneurship and simplifying administrative examination and approval procedures are the main demands of over 60% of young entrepreneurs.

　　The Report suggests that, macroscopically, we should improve the efficiency of market resource allocation, boost the confidence of micro-subjects, launch a package of policies led by new infrastructure and expand domestic demand for consumer investment, so as to provide a good environment for young people to innovate and start businesses and guide new directions. Microscopically, we should set up organizations for rural entrepreneurship, organize youth entrepreneurship exchange activities, open a green channel for the application of entrepreneurial invention patents, build a "policy-connected" platform for regional entrepreneurship, and build a national public service platform for entrepreneurial youth from Hong Kong, Macao and Taiwan to help young people innovate and start businesses in an all-round way.

　　China Youth Entrepreneurship and Employment Foundation started the research on youth entrepreneurship in 2017, and continuously published annual reports, aiming at sorting out the evolution and trends of China’s entrepreneurship policies, summarizing the characteristics, problems, difficulties and demands of youth entrepreneurship based on the follow-up survey of the current situation of youth entrepreneurship in China, judging the dynamic trend of youth entrepreneurship, and combining with the work related to youth entrepreneurship services, putting forward policy suggestions to promote the development of youth entrepreneurship.