The Shenzhen municipal government has promised to open more channels in the near future for local small and medium sized enterprises (SMEs) to raise funds.

According to four new measures that the city government has recently introduced to shore up the development of SMEs, Shenzhen authorities will spare no effort to help these enterprises overcome difficulties in financing and expansion.

Luo Bochuan, director of Shenzhen Central Branch of the People's Bank of China, said the country's special economic zone will open more financing channels to allow local SMEs float bonds to raise development funds in the near future.