The maximum funding for a single project is 100 million yuan! A new round of technological transformation in many places helps stabilize growth.

　　Technological transformation of industrial enterprises is an important way to expand effective industrial investment, enhance the core competitiveness of enterprises and promote industrial transformation and upgrading. Since the beginning of this year, many provinces and cities across the country have issued policies, which have set off a new wave of technological transformation. Among them, in terms of government financial support, Shenzhen’s latest support policy has increased the support to a maximum of 100 million yuan for a single project.

　　The First Financial Reporter learned from the relevant departments of Shenzhen that the city issued the "Several Measures on Accelerating the Technological Transformation and Upgrading of Industrial Enterprises under the New Situation" on November 30, which will provide financial support for major technological transformation projects with a total investment of 500 million yuan or more implemented by industrial enterprises in Shenzhen, according to 10% of the total investment and construction cost approved by the project, and the maximum funding for a single project is 100 million yuan; For intelligent transformation projects implemented by industrial enterprises with a total investment of 10 million yuan or more, funding will be given in stages according to 20% of the total investment and construction cost approved by the project, and the maximum funding for a single project is 50 million yuan.

　　Relevant measures have been taken to increase financing support for technological transformation projects in multiple dimensions. Five "combination boxing" methods, including bank loans, fund support, financial leasing, risk compensation and government interest subsidy, have been proposed to encourage and guide banking institutions to launch exclusive credit products such as "technological transformation loans", "digital loans" and "green loans", provide preferential interest rates, improve the efficiency of loan examination and approval, and give up to 5 million yuan of interest subsidy support for bank loan interest or equipment financing lease interest for enterprises to implement technological transformation projects.

　　The introduction of the above policies and measures in Shenzhen is also the implementation of the relevant arrangements in Guangdong Province. On November 13th, the Guangdong Provincial Government published the document "Ten Technological Innovations", which guided and encouraged industrial enterprises to carry out high-end, intelligent, green and integrated transformation. It was proposed that more than 9,000 industrial enterprises would strive to carry out technological transformation in the province every year from 2023 to 2027, and no less than 100 billion yuan would be guided to support industrial enterprises to carry out technological transformation, and the provincial finance would arrange special funds, through equipment incentives, loan interest subsidies, insurance and financial leasing.

　　In April this year, Sichuan Province issued the "Implementation Opinions on Comprehensively Carrying out the Technical Transformation of Safety, Environmental Protection and Energy Saving in Industrial Enterprises", which clarified that by 2025, a comprehensive evaluation index system for safety, environmental protection and energy efficiency in industrial fields will be established; By 2027, more than one round of safety, environmental protection and energy-saving technological transformation covering the whole industry will be completed in industrial enterprises, and the accumulated investment in safety, environmental protection and energy-saving technological transformation will exceed 200 billion yuan. Among them, the construction of evaluation index system in key fields such as steel, nonferrous metals, building materials and chemicals will be completed by the end of 2023, the construction of evaluation index system in industries such as textiles, mines and new materials will be completed by the end of 2025, and the technical transformation of full coverage of key industrial enterprises will be completed by 2027.

　　In July this year, the Chongqing Economic Information Commission, the Finance Bureau and other five departments jointly issued the "Chongqing Advanced Manufacturing Industry High-quality Development" Technical Reform Special Loan Implementation Plan (2023-2027) ",which proposed to encourage and support enterprises to adopt new technologies, new processes, new equipment and new materials to transform and upgrade existing facilities, process conditions and production services by means of loan interest subsidies and guarantee subsidies. By 2027, the city’s technological transformation investment will account for more than 40% of the city’s industrial investment. Districts and counties should establish a support mechanism for technological transformation projects with software and hardware investment of less than 10 million yuan, and give supporting loans and guarantee subsidies to municipal "special loans for technological transformation" support projects.

　　In August this year, the Shanxi provincial government issued the "Implementation Opinions on Promoting Enterprise Technological Transformation", and then the Provincial Department of Industry and Information Technology issued the "Incentive Plan for Promoting Enterprise Technological Transformation", which opened the prelude to a new round of enterprise technological transformation in the province. Shanxi Province proposes that by implementing six special technical transformation projects, it will strive to significantly improve the level of technological transformation in the province by 2025, and the investment in technological transformation will increase by more than 8% annually.

　　Shandong Province is at the forefront in promoting the technological transformation of industrial enterprises in China. In 2017, it promulgated the first local regulation on technological transformation of enterprises in Shandong Province, and also took the lead in implementing the "one county, one policy" technological transformation model in China. In September this year, the Action Plan for Technological Transformation and Upgrading of Traditional Industries in Shandong Province (2023-2025) was issued, focusing on six traditional advantageous industries in Shandong, such as metallurgy, chemical industry, light industry, building materials, textiles and clothing, and machinery, and guiding enterprises to increase investment in technological transformation. At the beginning of this year, the province proposed to strive to implement about 10,000 technological transformation projects with an investment of more than 5 million yuan throughout the year, and the investment in industrial technological transformation will increase by about 6%.

　　The central level continues to encourage and support industrial enterprises to carry out technological transformation. The earliest major policy can be traced back to 1982. In that year, the State Council issued the "Decision on Technological Transformation of Existing Enterprises with Emphasis and Step by Step (Guo Fa [1982] No.15)", demanding "to change the past practice of using newly-built enterprises as the main means to expand reproduction, and to implement the policy of using technological transformation as the main means to expand reproduction", "to get rid of the old road with too many and poor results in the past, and to take the road of saving investment and getting quick results"

　　After that, the State Council has repeatedly deployed and promoted the related work of enterprise technological transformation. Among them, in September 2012, the State Council issued "Guiding Opinions on Promoting Technological Transformation of Enterprises", demanding that government investment should play a guiding role in social investment, and the central and local governments should further increase their support and increase investment in technological transformation; By 2015, the proportion of technological transformation investment in industrial investment will increase significantly, and the policy environment and institutional mechanism for promoting technological transformation of enterprises will be more sound. In November, 2015, the State Council held an executive meeting to deploy and speed up the technological upgrading of enterprises, and decided to launch a number of major technological upgrading projects to support enterprises with markets in traditional industries such as light industry, textile, steel and building materials to improve their design, technology, equipment and energy efficiency, effectively reduce costs and support the growth of innovative enterprises and emerging industries.

　　On July 19th this year, Xinhua News Agency was authorized to issue "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of Private Economy", which mentioned that digital transformation and technological transformation should be accelerated, private enterprises should be supported to intensify the green and low-carbon transformation of production processes, equipment and technology, flexible manufacturing should be accelerated, the capacity of emergency production expansion and transformation should be enhanced, and the toughness of industrial chain should be enhanced. This is the first time that the central government has put forward special opinions on the technological transformation of private enterprises.

　　In the next few days, the symposium of the heads of the national industrial and information technology departments was held. The meeting emphasized that we should pay close attention to the study of policies and measures to promote technological transformation. According to this, a regional economic expert analyzed the first financial reporter, and a new round of technological transformation is expected to be launched one after another in the whole country. Its significance is not only to improve the competitiveness of enterprises, but also to help stabilize growth by driving relevant investments.