Guangdong Plans To Spend Tens Of Billions Of Dollars Every Year To Support Emerging Industries.

Song Hai, vice governor of Guangdong Province, said that Guangdong has developed a strategic emerging industry training plan dominated by high-end new electronic information industry, new energy automotive industry and semiconductor lighting industry, and will spend tens of billions of fiscal funds to support the development of strategic emerging industries every year. In the future, Guangdong will comprehensively promote technology and financial cooperation, and actively guide venture capital, banks and other institutions to invest in strategic emerging industries.

In the "Twelfth China Venture Capital Forum", song Hai pointed out that the development of venture capital in Guangdong was ranked the highest throughout the country. In 2009, the amount of capital raised by venture capital in Guangdong province was 8 billion 124 million yuan, accounting for 11.67% of the total amount of the country. The scale of attracting venture capital by enterprises was 3 billion 813 million yuan, accounting for 12.31% of the total national total.

In 2009, the launch of the gem and the first private equity trading organization in Guangdong will further promote the development and improvement of venture capital in Guangdong.

In recent years, with the vigorous promotion of venture capital, the output value of high and new technology industry in Guangdong has ranked first in the whole country.

Song Hai, vice governor of Guangdong Province, said that Guangdong has developed a strategic emerging industry training plan dominated by high-end new electronic information industry, new energy automotive industry and semiconductor lighting industry, and will spend tens of billions of fiscal funds to support the development of strategic emerging industries every year. In the future, Guangdong will comprehensively promote technology and financial cooperation, and actively guide venture capital, banks and other institutions to invest in strategic emerging industries.

In the "Twelfth China Venture Capital Forum", song Hai pointed out that the development of venture capital in Guangdong was ranked the highest throughout the country. In 2009, the amount of capital raised by venture capital in Guangdong province was 8 billion 124 million yuan, accounting for 11.67% of the total amount of the country. The scale of attracting venture capital by enterprises was 3 billion 813 million yuan, accounting for 12.31% of the total national total.

In 2009, the launch of the gem and the first private equity trading organization in Guangdong will further promote the development and improvement of venture capital in Guangdong.

In recent years, with the vigorous promotion of venture capital, the output value of high and new technology industry in Guangdong has ranked first in the whole country.