Wuhan East Lake High-tech Development Zone launched a press conference and released ten new policies on promoting internationalization on Apr 1 after the unveiling ceremony of Wuhan area of China (Hubei) Pilot Free Trade Zone.
The first category consists of four ground-breaking policies that lay emphasis on the long-term layout by building platforms and networks:
1. Set an international operation fund of 1 billion yuan ($145.1 million), used to support the zone’s internationalization of elements, industries and environment.
2. Attract domestic and overseas professional institutions to build a world-class international cooperation service platform through international bidding and reward eligible candidates 20 million yuan. The main aim is to stimulate the zone’s international operation in a market-driven way.
3. Introduce international top “maker spaces” that have fully developed operation modes and produce start-ups on a large scale, and reward each maker space 30 million yuan for support. In this way, the zone can improve international start-up incubating capabilities and aggregate international start-up capital, talents and quality projects inside the zone.
4. Encourage the construction of international science and technology cooperation parks and reward eligible candidates 50 million yuan to provide platforms for enterprises to go global.
The second category consists of four policies, focusing on improving weak links. Each of the reward standards is higher than those of Zhongguancun Science Park or Shenzhen.
1. Support transnational technology transfer and international research and development cooperation. The zone will encourage the world’s top companies and higher education institutions to establish research centers with independent legal entities (reward a maximum of 5 million yuan) and national-level international cooperation base (reward a maximum of 3 million yuan).
2. Encourage enterprises to develop intellectual property overseas. Companies that apply for foreign patents, register foreign trademarks, and dominate or engage in setting international standards, will receive a maximum financial reward of 5 million yuan.
3. Encourage companies to set up overseas branches. The zone will support those companies with advanced technologies, brand advantages, considerable scales or market shares to perform transnational operations and reward 1-3 million yuan to those that establish new research or marketing branches.
4. Support the export of new high-tech products and services. The zone will give a maximum of 3 million yuan based on the annual export scale of high-tech products in stages as well as double rewards to technology service exports, boosting the foreign export scale and structure optimization.
The third category consists of two policies, supporting national strategies:
1. Establish a Belt and Road fund with a total of 5 billion yuan and the first payment of 1 billion yuan to support the zone’s companies to carry out overseas technology M&A and international capacity cooperation.
2. Support the construction of “Qiaomengyuan” including setting up a Huachuang Fund (Huachuang refers to overseas Chinese innovation and start-up) to encourage overseas Chinese and businessmen to set up businesses in the zone; reward those projects taking part in the Huachuang Start-up Competition and settling in the zone; and give subsidies to innovation and start-up training for Huachuang Institution.
Since the 1990s, the zone’s internationalization development has gained a certain extent of international influence and formed the brand of China’s Optics Valley. The industrial competitiveness has noticeably improved with the optoelectronic information industry as the major player competing in the international market.
More companies have gone international such as FiberHome Technologies Group, YOFC, Optics Valley Beidou and Humanwell Healthcare Group. 74 companies have invested in 51 countries and 9 companies have gone public overseas. Foreign trade export occupies half of that in Wuhan and one third of that in Hubei province.
Furthermore, more foreign capital and high-end talents are beginning to gather in the zone, with over 800 foreign companies including 65 Fortune 500 companies, 4,000 overseas talent groups and 40,000 overseas Chinese talents.
By 2020, the zone plans to attain a total export of $40 billion, and 3,000 overseas patents (Europe, the US and Japan) and overseas registered trademarks, 20,000 returning talents and foreign permanent residents, and focus on building a national top high-tech zone and world-famous Optics Valley.
No comments:
Post a Comment