Huangpu supports innovation, development of industrial enterprises

Huangpu district held a high-quality development conference, where it issued two policies to benefit its enterprises.

One of the policies outlines measures for promoting the innovation and development of industrial enterprises, while the other states measures to further support the development and growth of small and medium-sized enterprises (SMEs).

The measures for promoting the innovation and development of industrial enterprises are the first in the country to support the transformation of old enterprises. They have set aside a maximum of 10 million yuan ($1.48 million) for infrastructure, a maximum of 30 million yuan for technological transformation, and a maximum of 50 million yuan for the transformation and development of company headquarters.

The measures to further support the development and growth of small and medium-sized enterprises (SMEs) proposes to set up a 1-billion-yuan fund for the high-quality development of SMEs. This fund will provide capital support for enterprise financing, as well as provide rent subsidies of up to 1 million yuan to eligible SMEs.

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