Tsuihang New District recently announced a plan to roll out two industrial policies, the "Interim Measures for Supporting the High-quality Development of the Advanced Manufacturing Industry in Tsuihang New District" and the "Interim Measures for Supporting the Development of the Health and Pharmaceutical Industry in Tsuihang New District".

The "Interim Measures for Supporting the High-quality Development of the Advanced Manufacturing Industry" is the first policy for supporting the advanced manufacturing industry in Tsuihang New District after the previous coordinated development policy with Nanlang District. Eleven specific support measures and standards will be put forward, covering the entire advanced manufacturing industry's development chain.

The new policy pays special attention to cultivating outstanding individual enterprises and specialized, innovative enterprises. Enterprises in the manufacturing industry which are recognized by the Ministry of Industry and Information Technology with the "outstanding model enterprise", "outstanding individual enterprise" and "outstanding specialized and innovative enterprise" titles will be rewarded with 5 million yuan, 2 million yuan, and 1 million yuan respectively in installments.

According to the "Interim Measures for Supporting the Development of the Health and Pharmaceutical Industry in Tsuihang New District", each individual enterprise that meets the requirements will be rewarded with up to 100 million yuan. The proposed policy includes measures for regional headquarters or functional headquarters set up by "Fortune Global 500" and "Fortune China 500" companies in Tsuihang New District, which will be rewarded with 30 million yuan and 20 million yuan respectively.

Nineteen specific support measures are included, covering project implementation, innovative research and development, company achievements, service system establishment, promotion and exchange, title recognition, and other aspects.