Xi'an High-tech Zone implements preferential policies of $156.7 m in 2021

On Nov 18, the Xi'an High-tech Zone held a press conference to issue checks to 33 companies that have made outstanding contributions in the fields of technological innovation, talent finance and industrial development according to local preferential policies, and introduce the implementation of such policies in Xi'an, capital of Northwest China's Shaanxi province.

Xi'an High-tech Zone holds a press conference to issue checks to 33 companies on Nov 18 in Xi'an, capital of Northwest China's Shaanxi province. [Photo provided to chinadaily.com.cn]

In 2021, the value of preferential policies in Xi'an High-tech Zone is expected to reach 1 billion yuan ($156.7 million), and more than 4,000 enterprises will benefit from it.

Since the beginning of this year, the Xi’an High-tech Zone has established a Qinchuangyuan innovation-driven policy system from R&D to incubation to industrialization, providing comprehensive and powerful policy support for enterprises to innovate and achieve high-quality development.

In order to facilitate the declaration of enterprises in the zone, the Xi’an High-tech Zone began to accept four preferential policies online in June this year, including enterprise innovation and development, a modern industrial system, integrated development of technology and finance and hardcore technology talents.

The cash value of the policy to encourage enterprise innovation and development is expected to be 360 million yuan, benefiting more than 2,100 enterprises. It mainly supports technology-based small and medium-sized enterprises that have made outstanding contributions in promoting Qinchuangyuan innovation-driven development and technological innovation.

The cash value of the policy for building a modern industrial system is expected to be 340 million yuan, benefiting more than 1,500 companies. It mainly supports companies that have made outstanding contributions in promoting the establishment of a modern industrial system in the high-tech zone and helping the real economy, especially the development of advanced manufacturing.

The cash amount for the integration of technology and finance development policies is estimated to be 200 million yuan, benefiting more than 300 companies, mainly supporting companies and senior management teams that have achieved outstanding results in capital market listings and financial services in the real economy.

The cash amount of the hardcore technology innovation talent policy is expected to be 100 million yuan, benefiting more than 100 companies, involving the introduction of more than 6,000 high-end talents, and mainly supporting companies that attract global high-end talents in the field.

Some policies were introduced on a trial basis of “ implementation without application".

Up to now, the policy acceptance has been completed.