The Guangdong Department of Industry and Information Technology recently issued the "Task List of Enterprise Technical Reform Funds for Special Projects to Promote High-quality Economic Development in 2020 (Transformation and Upgrading of Industrial Enterprises)". Zhongshan will guide 650 industrial enterprises to undergo technical reform this year.

Zhongshan will support enterprises to implement projects such as quality and efficiency improvement, intelligent transformation, equipment renovation and green development through post-event incentives, discount loans and equity investment. At the same time, awards will be given to enterprises that have made new financial contributions and met reporting conditions after the completion of technical reform projects in 2017, thus stimulating the growth of fixed asset investment and tax revenue of technically-transformed enterprises.

At present, Zhongshan plans to revise the technical reform support policy, increasing the proportion of awards and subsidies for technical reform support and raising the limit amount of total awards.

In accordance with the planning, Zhongshan arranges a total of 108 million yuan this year to support enterprises to carry out technical reform, including 73 million yuan for technical reform projects and 35 million yuan for post-reform bonuses.