Gong Zhenzhi, vice-general secretary of the city government [Photo/chinadaily.com.cn]
Yangzhou city in East China's Jiangsu province registered 10 underwriting companies this year, and 9 of them were added into the provincial underwriting system, said a city official on Wednesday."The city will attract more capital investment this year via its complicated financing system, consisting of small lenders, underwriting companies and venture capital companies," said Gong Zhenzhi, vice-general secretary of the city government.
The city's 120 key technology projects received a total of 450 million yuan ($66.28 million) fund in 2009 from provincial- or national-level financing programs. This year, 804 technology projects are applying for 96.6 million yuan.
Sixteen enterprises raised 25.7 million yuan through underwriting by the risk compensation fund. "Yangzhou city's financing programs are focusing on technologies and innovations, especially solar power photovoltaic, semi-conductor lighting, and smart power grid," said Ye Guanjun, director of the city government's information office.
The solar power photovoltaic industry in Yangzhou has forged an industrial chain from silicon to battery pack. The semi-conductor lighting industrial chain is formed from sapphire to applications. Yangzhou Smart Valley Exhibition Center illustrates the developing directions and concepts of the smart power grid industry.
The Smart Valley presents the achievements in scientific research, technological transfer, and public services led by smart grid industry in the Yangzhou Economic and Technological Development Zone.
"The innovations and new technologies are managed in professional ways, and operated in marketing orientations," said Gong.
