Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Search
Policy and investment key to entrepreneurship and innovation
2016/6/8 15:09:04 Source:english.gov.cn

As revealed by the inspection team of the State Council during its tour of provinces and municipalities in China, the mass entrepreneurship and innovation initiative is enjoying support measures from governments in different regions. However, the investment environment for private capital still has room to improve.

According to the inspection, some local governments have set up various industrial funds, established service agencies, cultivating innovative talent and providing low-cost services for small and micro-sized enterprises.

The government of Fujian province rolled out measures for online entrepreneurship, supporting the development of an incubation base for entrepreneurship led by private enterprises.

Also, the government of Qinghai province invested 50 million yuan for university students to embark on entrepreneurship and innovation activities via their own developed technologies.

Despite intensified efforts in supporting mass entrepreneurship and innovation, private enterprises are still confronted with difficulties in private funding.

The inspection tour found the most pressing issues in private funding to be willingness to invest, and difficulties in investing and lending.

Several venture capital funds in Shenyang, capital city of Liaoning province, revealed that the Shenyang government requires 60 percent of capital for venture capital fund to be invested locally as long as they have a share of the government’s guidance fund. But they are normally reluctant to invest locally, given the economic condition of the region.

In Taiyuan, capital city of Shanxi province, a CEO from a listed company said that his firm, with hundreds of millions of yuan in its account, was planning to invest in urban intelligent parking facilities. But, as the construction will involve multiple departments, no one department is willing to take the lead in coordinating approvals for the project.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn