The General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council have jointly released the Opinions on Fostering Deeper Synergy Between Scientific-Technological Innovation and Industrial Innovation, with a strategic focus on bolstering corporate innovation capacities across the board. The policy document outlines a series of actionable measures, including:

• Refining institutionalized channels for enterprises to shape national science, technology, and industrial development strategies, plans, and policies;
• Expanding private-sector access to National Natural Science Foundation pilot programs while scaling up collaborative funding mechanisms for enterprise-driven innovation;
• Incentivizing state-owned enterprises to establish R&D reserve fund systems with mandatory independent accounting protocols;
• Empowering technology-based SMEs to ramp up R&D investments through enhanced tax deduction ratios for research expenditures;
• Encouraging corporate leadership in constructing scientific and technological innovation platforms;
• Optimizing enterprise access to national-level innovation resources;
• Strengthening enterprise-focused talent development programs and postdoctoral research stations.