Hefei high-tech zone issues policies to spark development

The Hefei National High-tech Industry Development Zone, also known as the Hefei high-tech zone – located in the capital of East China's Anhui province – has launched an ambitious plan to galvanize fresh development.

The zone issued a comprehensive set of policies on Feb 4, aimed at further supporting scientific and technological innovation to achieve its goal of becoming a world-class sci-tech park.

An impressive vista of the Hefei National High-tech Industry Development Zone. [Photo/WeChat account: hefeigaoxinfabu]

Under the new policies, the zone plans to invest over 2.5 billion yuan ($349.07 million) annually to bolster new productive forces, upgrade its industrial structure and foster greater technological innovation.

The focus will be on five core areas: scientific and technological innovation, quality and efficiency, resource security, market demand and the development environment – with the goal of providing a solid foundation for the growth of science and technology-based enterprises.

Moreover, the zone will prioritize special policies for talent, finance and openness. The objective will be to boost financial resources and talent, expand engagement with the global community and provide robust developmental support for science and technology-based enterprises.

On top of that, there will be a specific emphasis on strategic emerging industry clusters such as integrated circuits, biomedicines and other burgeoning strategic sectors. This is designed to introduce new productivity and to enhance the zone's development momentum.