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China Subsidy Exchange

June 27, 2017

China Further Boosts Innovation and Entrepreneurship


On June 21, the General Office of the State Council of China issued the Implementation Opinions on the Construction of the Second Batch of Mass Entrepreneurship and Innovation Pioneer Bases (Guo Ban Fa (2017) No. 54), to further boost innovation and entrepreneurship in China following the successful 2016 Implementation Opinions on the Construction of Mass Entrepreneurship and Innovation Pioneer Bases. The Opinions selected 45 industrial zones and districts, 26 universities and research institutes, and 21 enterprises as the second batch of the mass entrepreneurship and innovation pioneer bases. The Opinionscall on the government to issue more and stronger supporting policies and measures to expand enterprises’ financing channels, adequately utilize government funds including the state emerging industry venture capital guidance fund and the small and medium-sized enterprise development fund, and support to create a batch of venture capital funds for innovative enterprises.

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