The meeting on Financial Support Policies for High-Quality Development of Advanced Manufacturing of the G60 Science & Technology Innovation Valley of Yangtze River Delta is held in Shanghai on Nov 8. [Photo provided to ezhejiang.gov.cn]

The People's Bank of China recently released 15 policies to boost the development of advanced manufacturing in the G60 Science & Technology Innovation Valley of the Yangtze River Delta (YRD).

The G60 includes nine cities in the YRD region: Hefei, Wuhu, and Xuancheng in Anhui province; Songjiang district in Shanghai; Suzhou in Jiangsu province; as well as Hangzhou, Jiaxing, Huzhou, and Jinhua in Zhejiang province.

The policies were announced at a meeting during the second China International Import Expo at the National Exhibition and Convention Center in Shanghai on Nov 8.

They focus on financial support for high-tech and manufacturing companies in artificial intelligence, integrated circuits, biopharmaceuticals, high-end equipment, new energy vehicles and new materials, as well as other fields.

It is also emphasized in the policies that more loans will be given to private small and micro-sized enterprises.

In addition, the nine aforementioned cities also jointly launched a comprehensive financial service platform to effectively carry out the policies. 

Representatives of the nine cities of the G60 Science & Technology Innovation Valley of Yangtze River Delta launch a comprehensive financial service platform on Nov 8. [Photo provided to ezhejiang.gov.cn]