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Shandong’s Funding for Replacing Old Growth Drivers with New Ones Off the First Quarter to a Stable Start

Source：The seanews 04-21-2023 09:42:00

Shandong's funding for replacing old growth drivers with new ones has gotten off the first quarter to a good and stable start.

During the period, the funding seized the opportunities brought by economic recovery and gave full play to the key role of effective investment in economic development. Specifically, the funding established a fund of funds for the national strategy for ecological protection and high-quality development of the Yellow River Basin; introduced financial support from the National Development Fund for the Modern Seed Industry, set up a special fund for the modern seed industry to mainly invest in high-quality projects and support enterprises to make breakthroughs in key technologies in the industry and helped Shandong integrate resources for the recovery of the industry; established Jinan Fin-tech Innovation Fund of 1 billion yuan to mainly support the construction of Jinan Pilot Zone for Fin-tech Innovation Reform and provide strong support for the development of Shandong's fin-tech and digital economy.

In terms of fund investment, 25 new investment projects were added in the first quarter, with an investment amount of nearly 1.4 billion yuan. In terms of industrial fields, the top three industries by the number of new investment projects were high-end equipment, healthcare & elderly care, and new-generation information technology.