On the afternoon of March 15, a policy conference and government-bank-enterprise matchmaking event was held in Xiamen City to promote enterprise capital increase and expansion. Last year, Xiamen City leveraged more than 50 billion yuan of funds through its innovative "fiscal policy + financial instruments" to help alleviate the difficulties of enterprises. This year, Xiamen City has taken a new approach and issued "Opinions to Encourage Enterprises to Expand Effective Investment to Promote the Quality and Efficiency of Industrial Development" (Opinions for short) to create an upgraded version of "fiscal policy + financial instruments", providing full support to enterprises for their expansion of effective investment and fully stimulating the vitality of private investment. On one hand, Opinions has improving industrial solid investment subsidies, technological innovation funds, and credit funds; on the other hand, establishing new supply chain collaborations, advanced manufacturing, and industrial chain investment funds, will mobilize more than 80 billion yuan of social capital to support enterprises to increase capital and promote industrial development. Aim to complete 500 capital increase and expansion projects by 2025, with a total cumulative investment of over 200 billion yuan within three years.
