Ninghai promoting emerging industries

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Category: Ningbo District

Published: Tuesday, 27 December 2011 19:54

With a capital contribution of 30 million yuan, Ninghai government introduced a company of risk investment with a capital of 170 million yuan. The other day, Haida Dingxing Venture Capital Company, the first of the kind in Ninghai initiated by the government fund, was established. On the same day, the company signed agreement on investment with two hi-tech companies of Ninghai. It is reported that the emerging industries of new energies, new materials and laser products will be benefitted by the fund.

The major part of the industry of Ninghai is middle and small enterprises. It has 8,000 small and micro enterprises and some of them are of emerging industries with a promising market prospect. In the tight money situation, many small and micro enterprises are confronted with financial problems. "With the risk investment fund initiated by the government fund, we can attract more enterprises home and abroad to Ninghai. This will promote Ninghai's gathering of capital, program, technology and human resources, promote the improvement of the investment system for the emerging enterprises and finally promote the emerging industries," said Chu Yinliang, Magistrate of Ninghai County