The revised "Detailed Rules for Investment Project Funding of Technical Reform in Zhongshan" was issued recently.

The revised rules divide financial awards into six categories, greatly raising the upper limit of awards for leading enterprises.

Specifically, the maximum reward for headquarters enterprises, leading backbone enterprises and other leading enterprises to fund single projects is now 20 million yuan.

According to the rules, Zhongshan will give 100% interest subsidy to key industrial technical reform projects with an investment of more than 50 million yuan. The maximum subsidy will be 20 million yuan each.

According to the detailed rules, Zhongshan strives to guide more than 1,800 enterprises to implement a new round of technical reform in about 3 years.