A launch ceremony for a loan product for entrepreneurs from the University of Science and Technology of China is held in Hefei National High-Tech Industry Development Zone. [Photo/WeChat account: hefeigaoxinfabu]

Several new financial products for science and technology enterprises in Hefei National High-Tech Industry Development Zone, Hefei, capital of East China's Anhui province, were launched on April 15.

The financial products include a loan product for entrepreneurs from the University of Science and Technology of China (USTC) in Hefei, an incubation fund and an upgraded fund for young entrepreneurs.

USTC graduates whose enterprises have been operating in the zone for more than six months and are engaged in strategic emerging industries can apply for the new loan product. The loan is guaranteed by the Hefei High-tech Financing Guarantee Company and provided by partner banks.

Liu Dengyin, deputy director of the administrative committee of the zone, said that the new financial products are expected to give a boost to the development of local sci-tech enterprises.

Liu added that the products could help enhance cooperation between USTC and the zone, banks and enterprises, as well as local government and enterprises.