Chongchuan district in Nantong, East China's Jiangsu province, has been focusing on strengthening financial support for the development of local enterprises in recent years.

For example, the district has increased the loan limit for leading industrial projects to 6 million yuan ($864,436) since 2022.

Last year, 28 leading industrial projects received a total of over 1.5 million yuan in loans.

In addition, the district has set up an investment fund for talent corporations in Chongchuan.

Nantong Ruidong Power Technology Co Ltd is one enterprise that has benefited from the fund.

Last year, the company received 10 million yuan in funding to alleviate its financial stress.

To date, the fund has invested 28 million yuan into three enterprises.

Thanks to financial support from authorities, the turnover of talent corporations in the district in 2022 reached 3.02 billion yuan.

An aerial view of Chongchuan district in Nantong, East China's Jiangsu province. [Photo/WeChat account: chongchuanonline]