Guangzhou: Pursues Backing from National Integrated Circuit Industry Fund for Key Project Development, and Steers Social Capital Towards M&A of Integrated Circuit Firms
2 week ago / Read about 0 minute
Author:小编   

The Guangzhou Municipal Bureau of Industry and Information Technology has officially put out a call for public input on the "Guangzhou's Policies for Fostering High-Quality, Full-Chain Development of the Integrated Circuit Industry During the 15th Five-Year Plan Period (Draft for Public Comment)". The proposed policy advocates for proactive engagement with national and provincial integrated circuit industry development funds to bolster the construction of significant projects in Guangzhou. Concurrently, it urges financial institutions and local financial entities to extend financial support for project development and corporate operations via avenues like bank loans and financial leasing. Moreover, the leading industrial authority pledges to offer interest subsidies for major industry projects, calculated as a percentage of the actual loan sum. The policy also endorses the use of multi-tiered capital markets by enterprises for listing and fundraising, and promotes the entry of venture capital and equity investment funds into the integrated circuit sector. This is aimed at guiding social capital towards significant project construction, enterprise mergers and acquisitions, the nurturing of listed companies, technological upgrades, and the establishment of critical infrastructure.