In 2022, the government unveiled the ‘Entrepreneurial Small Business Development Measures’ with the objective of fostering small businesses in our local communities to grow into innovative entrepreneurs. The main goal of the measures is to expand small businesses, which have been limited to protection and support, into targets for growth, innovation, and nurturing, and to foster global companies such as Starbucks and Nike, which began as ‘entrepreneurial small businesses’ and turn into global brands. In 2011, Chinese Ministry of Industry and Information Technology had resolved definition and direction of excellent SME development focus on specialization, precision, distinctive features and innovation at Industrial Development Plan and has been systematically developing related measures and legislation. The Interim Methods For The Progressive Development and Management of Excellent SMEs (优质中小企业梯度培育管理暂行办法), effective from 1st August 2022, serves as a significant framework for supporting excellent SMEs, and also outlines the recognition standards for excellent SMEs across various stages. The primary purpose of China’s excellent SME support measures and legislation is to make up for current structural deficiencies of the industry faced by its economy and deepening and optimizing supply innovations, while matching supply and demand to boost up the industry. It is also important as a key component of China’s self-reliant economic structure, which is crucial to its transformation into an economic powerhouse. Drawing appropriate implications from China’s relevant measures and legislation to foster entrepreneurial SMEs is very helpful in setting the Korean government’s policy goals and direction to foster small business owners into capable entrepreneurs. Therefore, to facilitate the efficient development of systems and measures, it is crucial to sustain research in this field.