Xi'an High-tech Zone Selected as the First Batch of "100 Million" Special
Action Implementation Units

On February 10th, Torch High Technology Industry Development Center, Ministry of Science & Technology and Industrial and Commercial Bank of China jointly issued the Notice on Approving to Implement the Special Action of "10 Million" for Science and Finance Innovation Service in 58 National High-tech Zones Including Zhongguancun Science Park. And Xi'an High-tech Zone was selected as the first batch of "100 Million" special action implementation units of National High-tech Zones. Meanwhile, the Notice clearly proposes to support 16 national high-tech zones including Xi'an High-tech Zone and relevant branches of Industrial and Commercial Bank of China to strengthen resource allocation, intensify innovation and speed up the cultivation of technology and finance innovation service centers.

The "100 Million" special action was jointly initiated by Torch High Technology Industry Development Center, Ministry of Science & Technology and Industrial and Commercial Bank of China. About 10 national high-tech zones will be selected to establish technology and finance innovation service centers, and over 100 national high-tech zones will be encouraged to innovate new models of government-banking cooperation with ICBC. This special action selects more than 1,000 new high-tech enterprises for key support every year, and strive to achieve the ICBC's financing balance for high-tech enterprises exceeding 1 trillion yuan by 2025. It effectively guides financial resources to gather in national high-tech zones and effectually supports the improvement of enterprises' innovation ability.

The person in charge of the Key & Core Technology Innovation Bureau of Xi'an High-tech Zone said that science and technology originate from innovation and succeed in finance. In the next step, Xi'an High-tech Zone will take the opportunity of the "100 Million" special action implemented by the Ministry of Science and Technology to actively promote the implementation of the Plan, speed up the establishment of technology and finance innovation service centers, and provide financial empowerment for the high-quality development of high-tech enterprises and industries. (Xi'an High-tech Zone)