Guangdong 22 Billion Supports Strategic Emerging Industry Policy To The Ground

"Opinions" delineated the eight major strategic emerging industries in Guangdong. In addition to the seven industries deployed by the State Council, the LED industry has also been selected. "The LED industry has been a successful attempt in Guangdong's industrial upgrading in the past, so it has also been included in the future development focus," Cheng Jiansan, deputy director of the Guangdong Institute of economic research, told reporters.

In specific

"Whether it is the industrial upgrading in the past or the support strategy now"

Cheng Jiansan said that in the past, some practical experience in Guangdong has proved that "putting eggs in a basket" and choosing several companies or industries to support them is often not ideal. "Now, when financial support is made, it is hoped that the risk will be shared, and the scope of support will be widely distributed, but it will be more effective."

Top 100 emerging industries will receive key support

The Guangdong provincial finance department told reporters that the provincial finance department has just promulgated the Interim Measures for the management of special funds for government, banking and enterprise cooperation in Guangdong's strategic emerging industries (hereinafter referred to as the "measures"), which stipulates that the provincial finance will arrange a strategic cooperation fund for enterprises and enterprises in the form of 5 billion yuan by way of cooperative loan interest discount, and grant subsidies to the interest paid by related enterprises in the cooperative financial institution loans.

There are three kinds of subsidies. For short-term loans under 1 years, the discount rate will be determined according to a certain proportion of the actual loan interest rate calculated at the same benchmark interest rate in the same period. The proportion will vary from 60%-80%.

For 1-2 years of medium and long term loans, the finance will be subsidized to enterprises in 2 years according to the 60% actual interest rate of the loan interest calculated at the same benchmark interest rate in the same period.

For medium and long term loans over 2 years, the subsidy rate is the same as that of the medium and long term loans, but only the interest rate actually occurred within two years.

The Measures stipulate that the supporting enterprises should belong to the key development catalogue of Guangdong's strategic emerging industries, and the industry or domain of the layout. The registered capital will be more than 5 million yuan, and the industrialization of the project must be in the territory of Guangdong province.

In the selection of cooperative financial institutions and financial support objects, the provincial finance department will choose the Joint Commission, the development and Reform Commission, the science and Technology Department, and other departments, and choose the best way through competitive means, including qualification examination and written assessment.

According to the opinion, in addition to the 5 billion yuan cooperation fund of government, bank and enterprise, 22 billion yuan will include 3 billion yuan of special funds for core technology research, 500 million yuan of high level talent reward fund, 1 billion yuan of strategic emerging industries re guarantee fund arrangement, and another 2 billion yuan of venture capital guidance funds set up by the provincial government to support the development of strategic emerging industries.

Guangdong provincial finance department told reporters that some of the details of the use of funds have been completed, and is about to be released soon.

In addition, the reporter learned from a provincial government official that 22 billion of the funds will focus on the strategic emerging industries of the top 100 in the top 500 projects of Guangdong's modern industry, and for other business areas, the opinion also emphasizes the listing of qualified prefectural levels, and encourages the establishment of corresponding financial special funds outside the provincial financial arrangements.

"For example, according to the provincial planning, Jiangmen has not been assigned to the key areas for supporting the development of the LED industry," said the people. "But Jiangmen has insisted on arranging a sum of money to support the industry, and the current development momentum is also good."

Spreading nets to reduce risks

According to a local government official in Guangdong, Guangdong province has been very strict in promoting the development of local strategic emerging industries, and has also joined relevant departments in the evaluation of officials. It is necessary to mark the development of related industries.

In addition to the above financial direct investment, the Opinions also give preferential treatment to tax revenue, administrative fees and land use policies for strategic emerging industries, giving priority to arranging the 100 strategic land for strategic emerging industries and reducing the cost of land acquisition.

For industrial projects that meet the provincial priority development catalogue and intensive land use conditions, the base price of land leasing should be determined at 70% of the minimum level of industrial land pfer corresponding to the land classification of the locality.

On the support of all kinds of enterprises, the opinion puts forward that for large enterprises, it is necessary to concentrate resources to cultivate 100 key enterprises of strategic emerging industries, and arrange special funds for the reform and development of provincial enterprises in the budget of state capital operation, and select and support a number of key projects of Provincial strategic emerging industries.

For small and medium enterprises, the opinion is mainly based on the construction of demonstration platform for public and technological services and the demonstration base of innovation achievements.

In this regard, Cheng Jiansan believes that under the ideal market economy environment, whether to support the pformation of enterprises or to guide the development of new industries, the government should minimize intervention. We should focus on promoting research and education and cultivating a good competitive environment, but at present, many of the policies we adopt in this regard are still short-term actions.

"In the past, we talked about strengthening financial input, focusing on supporting pformation and upgrading of several enterprises, or guiding the development of a particular industry. Later, we found that there are certain risks in practice." Cheng Jian takes Huizhou as an example. Huizhou has invested a lot of money in the past two years to intensify its efforts to push forward the new energy vehicle industry. "But now the effect is not very optimistic."

On the other hand, Shenzhen's experience in promoting technological upgrading of enterprises is relatively successful. It is understood that when Shenzhen is conducting industrial guidance, it should avoid overemphasizing a particular industry. In addition, when it carries out specific financial support, it does not invest too much in several enterprises. Instead, it adopts the way of "spreading the net wide" to increase the delivery level.

"Many people do not approve of sesame seeds, but practice has proved that this approach is less risky," Cheng Jiansan said. "No one can accurately predict the efficiency and outcome of financial input at the very beginning, including the government itself. Therefore, when distributing money, we can avoid putting eggs in one basket, and on the other hand, promote fairness."