Enterprises that have settled in the Taizhou Port Economic Development Zone in Taizhou city, in East China's Jiangsu province, can benefit a great deal from local financial assistance.
As Taizhou is the only national-level financial reform pilot zone in Jiangsu to support the industrial transformation and upgrading, the city has established an industry and finance comprehensive service center – both online and on-site – as well as an enterprise credit reporting company, a credit guarantee fund and a technology loan fund pool.
Taizhou has established a high-end equipment manufacturing industry investment fund with a total scale of 1 billion yuan ($137.22 million), providing fund support of up to 50 million yuan each for high-quality projects.
Technology-based enterprises can apply for the Suke loan services, with a maximum loan of 20 million yuan.
Growth enterprises can apply for guarantee fund services, with a maximum guarantee of 10 million yuan.
For enterprises listed on the domestic main stock market board, science and technology innovation board, ChiNext board and major overseas capital markets, grants will be given in stages, up to a cumulative maximum of 7.5 million yuan.