Guangdong honors 68 Huangpu specialized, innovative enterprises

Sixty-eight enterprises from Guangzhou's Huangpu district were recognized as Guangdong's specialized, elaborative, characteristic, and innovative enterprises, according to a list released by the Department of Industry and Information Technology of Guangdong Province on Jan 6.

Specialized, elaborative, characteristic, and innovative enterprises refer to those small and medium-sized enterprises that own core technologies, and have strong innovation capabilities, large market shares, and high profitability.

The Huangpu entries, which include Guangzhou Dacai Optoelectronic Technology, Mornsun Power, Guangzhou Kingsens Polymer Science and Technology, and Guangzhou Doppler Electronic Technologies, account for 40 percent of Guangzhou's total.

There are now more than 100 specialized, elaborative, characteristic, and innovative enterprises at or above the provincial level in Huangpu. Thirty-two of them are national specialized, elaborative, characteristic, and innovative enterprises, accounting for 47 percent of Guangzhou's total.

Huangpu releases 10 supportive policies for specialized, elaborative, characteristic, and innovative enterprises.

Huangpu took the lead in the country to release dedicated policies for specialized, elaborative, characteristic, and innovative enterprises on Aug 27, 2021, by offering comprehensive support for their establishment, R&D and innovation.

According to the policies, specialized, elaborative, characteristic, and innovative enterprises at provincial and national levels will be granted a subsidy of 500,000 yuan ($78,550) and 2 million yuan, respectively. They will also be prioritized by Huangpu in terms of loan amounts and listing cultivation.

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