Hefei high-tech zone rolls out 44 measures for further growth
Hefei National High-tech Industry Development Zone recently announced 44 new initiatives aimed at transforming the city into a world-class technology park.
The measures include efforts to attract more major projects, boost innovation and entrepreneurship, improve financial services, encourage enterprises to go public, support the development of key industries and streamline administrative procedures.
According to the zone's finance bureau, enterprises in the zone will enjoy all-round supporting policies throughout their growth process from the start-up stage to becoming listed companies or industry leaders.
A list of various types of talents in demand will also be released and units which employ such talents will be awarded.
The zone's government will also provide more subsidies for enterprises' R&D investment and give more support for the commercialization of key scientific and technological achievements made by the University of Science and Technology of China.
More support will also be given to integrated circuit, software information and cyber security industries to foster industrial clusters.
From 2014 to 2020, the zone has invested a total of 10.2 billion yuan ($1.6 billion) of financial capital and leveraged nearly 50 billion yuan of social capital to stimulate industrial development and more than 30,000 enterprises have benefited.