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Government, banks team up to support high-end equipment manufacturing
Updated: 2020-11-02    Source: Zhongshan Daily Large Medium Small Print

On the afternoon of October 29, the Guangdong Branch of the Bank of China in cooperation with the Zhongshan Branch of the Bank of China and the Zhongshan Bureau of Industry and Information Technology hosted the "BOC SME Financing and Wisdom Integration Southern Guangdong Tour - Special Financing Event for Cultivating and Developing Strategic Industrial Clusters" activity, with nearly 500 million yuan worth of agreements of intent reached.

This activity aimed to provide 80 high-end equipment manufacturing and intelligent household appliances industry chain enterprises in Zhongshan with one-stop financing opportunities and exchange services such as expert interpretation of government support policies, specialized financial services, and integrated financial products.

Zhongshan has set up a development fund with a total of 1 billion yuan to comprehensively promote the high-end equipment manufacturing industry; to expand its gross scale, enhance its innovation capabilities, and optimize its industrial structure. By 2022, Zhongshan's high-end equipment manufacturing industry groups above designated size are expected to realize an output value of 150 billion yuan, with 5 enterprises supporting a main business income exceeding 10 billion yuan, 15 enterprises supporting a main business income exceeding 1 billion yuan and 30 enterprises supporting a main business income exceeding 500 million yuan.

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