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2022年11月11日 8699

Editor's note: Innovation will remain at the heart of China's modernization drive, General Secretary Xi Jinping remarked in the report delivered to the 20th National Congress of the Communist Party of China. Seizing the opportunity of China's initiative to optimize regional innovation layout, during the 14th Five-Year Plan period (2021-25), Henan will fully implement the strategy for invigorating the province through science and education, innovation and talent cultivation, and keep perfecting its institutional support for innovation to build new strengths for development in an all-round way. Starting November 1, we are launching the "Wonderful Henan·Here We Are (Innovation)" series to show you the measures Henan will take during the 14th Five-Year Plan period to build an innovation highland in Midwest China. The following is the 2nd story of the series: The leading role of enterprise innovation highlighted.


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NB: This is not a word-for-word transcript

The Leading Role of Enterprise Innovation


We will improve the mechanism to better guide enterprise innovation and tiered cultivation, speed up innovation in the fields of production organization, technology and markets in order to attract all kinds of innovation resources to enterprises, and form innovative enterprise clusters with leading innovative enterprises as pioneers, and high-tech enterprises along with small and medium-sized technology-based enterprises as the backbone.


Huanghe Kunpeng server and desktop put into production in Xuchang. [Photo provided to dahe.cn]

Fostering and expanding the community of innovative enterprises


We will implement plans to develop some innovation-oriented enterprises as benchmarks and models, establish stratified standards for selection and cultivation, along with dynamic adjustment mechanism, focus on cultivating 100 "gazelle enterprises" and 100 leading innovation enterprises, and strive to bring forth about 10 "unicorn" (cultivation) enterprises. We will implement the plan to double the number of new and high-technology enterprises and strive to make the number exceed 10,000. We will implement a "bamboo shoot program" for small and medium-sized technology-based enterprises, improve mechanisms for incubation, cultivation and innovation capability evaluation, and strive to increase the number of these enterprises to 15,000. We will give full play to the leading and supporting role of large enterprises, improve mechanisms to integrate innovation among upstream and lower-stream businesses, and among large, small and medium-sized enterprises. A number of innovative micro, small and medium-sized enterprises will be encouraged to grow into important cradles of innovation.


Dongfanghong-LW4004, the first 400-horsepower CVT tractor developed in China. [Photo provided to dahe.cn]

Enhancing enterprises' capacity for technological innovation


We will divert more money into government awards and subsidies for enterprises' research and development, and fully implement preferential income tax policies for high-tech enterprises, including preferential deductions for R&D expenditures and preferential government procurement of innovative products. We will encourage all provincial-level cities to apply science and technology innovation vouchers and encourage enterprises to increase R&D investment. Moreover, we will improve policies to encourage state-owned enterprises' research and development, giving full play to the important role of entrepreneurs, encouraging enterprises to establish R&D institutes and platforms in various ways so as to ensure that all large and medium-sized industrial enterprises have R&D institutes at or above the provincial level. We will promote the in-depth integration of industries, universities and research institutes, support enterprises to take the lead in establishing innovation consortia, industrial research institutes and generic technology platforms so that they can undertake major national and provincial science and technology projects, innovation capacity-building projects, and core technology projects.


Zhengzhou Yutong Group sells its passenger coaches to over 40 countries and regions, accounting for 15% of the world's total. [Photo provided to dahe.cn]

Improving the enterprise innovation service system


We will reform the management mechanism for government-funded industrial investment funds, establish a fault-tolerant mechanism for investment by enterprises in the seed stage and the initial stage, and a mechanism for government subsidies to build a service chain covering the whole process of fund-raising, investment, management and withdrawal. We will promote innovation in sci-tech financial services and products, further push forward the sci-tech loan business, and propel the building of sci-tech branches and other specialized institutions. We will actively introduce and foster venture capital investment and angel investment institutions, and support IPO financing of high-tech companies in the GEM Market (growth enterprise market), STAR Market (sci-tech innovation market), and the New OTC (new over-the-counter) Market. We will coordinate the building of business incubation carriers such as makerspaces, high-tech company incubators, university science parks and star creation worlds. We will further hold innovation and entrepreneurship competitions, actively develop the "internet platform plus business units" mode and others so that we can promote mechanism innovation of national and provincial-level demonstration bases for mass entrepreneurship and innovation, and speed up the formation of a breeding chain that links seedling nurseries, incubators, accelerators, and venture capital investment.


A special thanks goes to the Office of the Foreign Affairs Commission of the CPC Henan Provincial Committee and the School of International Studies of Zhengzhou University for their support to the "Wonderful Henan·Here We Are (Innovation)" bilingual series.






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