On April 8, Torch Development Zone (TDZ) held a work report conference on entrepreneurship and innovation, at which it signed strategic cooperation agreements with four banks: Industrial and Commercial Bank of China Zhongshan Branch, China Construction Bank Zhongshan Branch, Bank of Communications Zhongshan Branch, and Agricultural Bank of China Zhongshan Branch. The total intended credit limit of the four banks to TDZ reached 140 billion yuan.

The signing of the contract is another major financial support measure launched by TDZ after lending 5 billion yuan in "anti-epidemic loans" since the Spring Festival of this year. It will give strong and precise impetus to innovation and entrepreneurship projects in the zone.

TDZ plans to prepare 1,000 mu (about 667,000 square meters) of industrial land within the year and build 3,000 mu (around 2,000,000 square meters) in three years, aiming at building 10,000 mu (6.67 square kilometers) of industrial headquarters during the 14th Five-Year Plan period.

At present, the incubation scale of TDZ ranks first in Zhongshan City, nestling more than 40% of the equity investment fund enterprises and a science and technology innovation mother fund of over 1 billion yuan.