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Development fund
Source: Shanghai Daily |
August 12, 2011, Friday
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Print Edition
Print Edition
HANGZHOU Finance Bureau plans to set up a fund of up to 600 million yuan (US$92 million) to support the development of seven key industries in the next five years.
The seven industries to benefit from the fund are e-commerce, IT and software, advanced equipment, the Internet of Things, biomedicine, environmental protection and new energies.
Hangzhou government passed its 12th Five-Year Plan (2011-2015) in February, which gives priority to the development of these industries.
The government also introduced incentive policies for these industries. The policies, coming into effect at the end of this month, can be viewed at www.hangzhou.gov.cn.
The seven industries to benefit from the fund are e-commerce, IT and software, advanced equipment, the Internet of Things, biomedicine, environmental protection and new energies.
Hangzhou government passed its 12th Five-Year Plan (2011-2015) in February, which gives priority to the development of these industries.
The government also introduced incentive policies for these industries. The policies, coming into effect at the end of this month, can be viewed at www.hangzhou.gov.cn.
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