The National Development and Reform Commission recently promulgated the Circular on regional planning for Yangtze River Delta. The circular identifies that national policies and measures to encourage independent innovation should be fully implemented, so as to establish a market-oriented science and technology financing system led by government investment and the enterprise and public investment are the mainstay.

The circular indicates that efforts should be striven to increase fiscal support for the industrial generic technology R&D, technology import and re-innovation, small and medium sized technical enterprises.  A number of venture capital investment institutions be set up in accordance with industry development and strengthen government's role in fund guidance. Encourage issuance companies to develop new issuance for science and technology, explori the property mortgages registration for high-tech enterprises, give support for these companies to be listed. 

(China IP News)