Chongqing private enterprises get 2-bln-yuan subsidy

To intensify financial support for private enterprises, Chongqing arranges 2 billion yuan as a special fund to stimulate non-public ownership economies and help private enterprises in updating technology and products in 2012, which enkindles the investment enthusiasm of private enterprises.

Since its operation in July 2012, the Transaction Centre of Special Fund for Chongqing Private Economic Development located in Nanping, Nan’an District has received more than 2,000 applications. After the preliminary audit verification on the website, the number of qualified applications is roughly 400, close to the annual number of applications for financial subsidy before.

Based on the data colleted by Chongqing Economy and Informationization Commission, Chongqing has got an industrial investment of 201.8 billion yuan in January-September 2012 and private enterprises share 115 billion yuan of it, which accounts for 57% of the total amount with a year-on-year growth of 13%.

Kuang Zhou