The Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan) will enhance financial support for industry 5.0 space projects to contribute more to the operation of local real economy, according to two documents soon to be released.

Enterprises settled in local industry 5.0 space projects that have already started operation and production will be included in the white list following examinations conducted by local technology and industry departments.

Customized and innovative financial credit products will be provided for enterprises in the areas of introducing talents and decorations. An interest subsidy of up to 800,000 yuan ($109,652) for each enterprise is available according to their loan prime rate when applying for the loan.

Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan) [Photo courtesy WeChat account: zh_gxq]

Enterprises are encouraged to carry out financing through issuing new bonds and each enterprise will be able to receive a subsidy of up to 2 million yuan ($274,646) according to their financing scale. Subsidies of up to 3 million yuan ($410,539) will be available to those acquiring financing through issuing intellectual property securitization products.

Support will also go to enterprises when paying security costs for accessing loans through financing guarantees, with subsidies up to 500,000 yuan ($68,435).

Local manufacturing enterprises that get production equipment through finance leases are eligible for a subsidy of up to 2 million yuan based on their annual leasing expenses.

Priority will be given to enterprises on the white list for accessing venture capital investment, while those meeting certain requirements will get support of up to 10 million yuan ($1.4 million) from profit-making angel investment funds.

A reward of up to 14 million yuan ($2 million) will be available for enterprises that get listed for further financing.

"Finance stations" for local industrial 5.0 space projects will be set up to enhance matchmaking among governments, banks, and enterprises. They will also organize regular events like financing consultations, matchmaking activities, and project road shows. An integrated and comprehensive financial service system, featuring payments, clearing, wealth management, and financing, will be available.

Of note, workers at these enterprises will be able to acquire personal financial service treatments, which are of the same standards with high-end customers of local financial institutions.