CT Machine manufactured by MinFound Medical Systems Co Ltd.[Photo by Li Xusheng]

Lin Shoujin founded MLTOR CNC Technology Co Ltd in Foshan City in 2012. The company is specialized in production of ultra-precision mold processing, feed ring die drilling, wheel gear and related equipment. In May 2016, Mltor received an 120 million yuan equity investment from Zhongshan Zhongying Industrial Investment Co LTD. In the same year, Mltor moved its headquarter to Torch Zone, Zhongshan.

"Zhongshan government provides flexible and effective policies in terms of high-end equipment manufacturing project introduction, which are really helpful for companies of our kind." Lin Shoujin said, government equity investment was one of the prime reasons Mltor chose to settle down in Zhongshan.

MinFound Medical Systems Co Ltd is another example. According to its executive general manager Dr Qian Hua, the 500 million yuan of financial support provided by Zhongying Industrial Investment at initial stage enhanced the company's confidence of development. 

A number of Zhongshan companies including Mltor, Minfound, Akesobio and Xinhui Precision Technology had got over the "capital bottleneck" with equity investment from Zhongying company and now are running on their development path.

Reportedly, Zhongying Industrial Investment was founded in 2013 under the approval of Zhongshan municipal government. It is responsible for investment and management of fiscal industrial support projects. By the end of November this year, Zhongying company is entrusted to manage a 2.264-billion-yuan investment fund, including 1.037 billion yuan of equity investment.

Person in charge of Zhongying Industrial Investment said the company dedicates to advance strategic companies to settle in Zhongshan and cultivate new economic growth momentum for the city through equity investment and fund investment.