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Efforts Made in Jiaxing to Give Play to the Role of the Industry Fund to Boost High-quality Development of Manufacturing Industry

Release date:2023-06-02 10:19

On the afternoon of February 3rd, a symposium was jointly held by Municipal People’s  Government of Jiaxing and Financial Holding Co., Ltd. of Zhejiang Province. Li Jun, a deputy secretary of the CPC Jiaxing Municipal Committee and mayor of Municipal People’s Government of Jiaxing, had a discussion on the establishment of High-end Equipment (Jiaxing) Industry Fund (hereinafter referred to as the Fund) with Yang Qiangmin, a member of the Party Leadership Group of the Department of Finance of Zhejiang, secretary of the Party Committee and chairman of the Financial Holding Co., Ltd. of Zhejiang Province. Jiaxing will earnestly implement the decisions of the CPC Zhejiang Provincial Committee and People’s Government of Zhejiang Province and give full play to the role of the Fund to boost the high-quality development of Jiaxing's manufacturing industry, said Li Jun. Ni Huping, a deputy mayor of Municipal People’s Government of Jiaxing, also attended the symposium.

At the end of 2022, the People’s Government of Zhejiang Province decided to set up the special funds for the new generation of information technology, high-end equipment manufacturing, modern consumption & health, green petrochemical industry & new materials as well as a parent fund for the enterprises as “little giants” that are specialized and sophisticated and produce new and unique products. In order to make the best of favorable policies and local industrial advantages in equipment manufacturing industry, the Municipal People’s Government of Jiaxing has taken the initiative at an early date to establish a special working team, and now the Department of Finance of Zhejiang has agreed to establish the Fund with Jiaxing. At the symposium, Jiaxing and the Financial Holding Co., Ltd. of Zhejiang Province introduced the progress in establishing the Fund, and Bureau of Finance of Jiaxing introduced the early preparation for its establishment, and the Bureau of Economy and Information Technology of Jiaxing made an introduction of the development of Jiaxing’s equipment manufacturing industry. The participants exchanged views on the establishment and operation of the Fund.

Li Jun expressed his welcome to Yang Qiangmin and his thanks to the Financial Holding Co., Ltd. of Zhejiang Province for its strong support and help to Jiaxing’s development. The manufacturing industry is the foundation of Jiaxing’s high-quality development. Since 2022, this city has intensified efforts to enlarge economic aggregate, improve development quality, vigorously implemented the action “Release of Caged Birds for New Ones” and carried out digitized and intellectual upgrading to cultivate the “135N” advanced manufacturing cluster. Jiaxing is the only prefecture-level city that has been selected as the national pilot reform zone for scientific innovation in financing in China. The Fund will play its leading role in boosting the high-quality development of local manufacturing industry. Both parties will make joint efforts in cooperation, fine management and the Fund’s establishment and operation, and hope the Fund can make achievements as early as possible.

With a good foundation and development trend of Jiaxing’s equipment manufacturing industry, the Fund is promising. The Financial Holding Co., Ltd. of Zhejiang Province will do its best to accelerate the establishment of the Fund in Jiaxing in accordance with the decisions and deployment of the CPC Zhejiang Provincial Committee and People’s Government of Zhejiang Province and the requirements of Department of Finance of Zhejiang; both parties will further strengthen communication and exchanges to expand cooperation areas, strengthen efficient interactions between industries and capital and promote economic high-quality development, said Yang Qiangmin.