The State Council Promulgated The Decision To Accelerate The Cultivation And Development Of Strategic Emerging Industries.

18 days, The State Council Promulgated the decision on accelerating the cultivation and development of strategic emerging industries. The paper points out that by 2015, the strategic emerging industries should form a basic pattern of healthy development and coordinated development, and the proportion of industrial added value to GDP will be about 8%. By 2020, the value added of strategic emerging industries will account for about 15% of GDP.

The document points out that we should strive to achieve rapid and healthy development in the 7 key areas, such as energy conservation, environmental protection, new generation of information technology, biology, high-end equipment manufacturing, new energy, new materials and new energy vehicles, based on the national conditions.

The document indicates that we must improve the fiscal and taxation policy support system, increase support, guide and encourage. Social capital Investment. We should increase financial support, improve tax incentive policies, and encourage financial institutions to increase credit support.

The paper points out that we should give full play to the financing function of multi-level capital market. Further improve Gem Market system to support eligible listed companies. We should promote the construction of OTC securities trading market to meet the needs of start-ups at different stages of development. We should improve the transfer mechanism between different levels of market and gradually realize the organic convergence between different levels of market. We should vigorously develop the bond market, expand the scale of issuance of collective bonds and collection bills for SMEs, actively explore the development of financial products such as low credit rating high yield bonds and private equity convertible bonds, and steadily promote the development of corporate bonds, corporate bonds, short-term financing bills and medium-term notes, and broaden the channels for corporate debt financing.

The paper also pointed out that we should vigorously develop venture capital and equity investment funds. Establish and improve the supporting policy system and regulatory system to promote the healthy development of venture capital and equity investment industry. Within the scope of controllable risks, it will create conditions for insurance companies, social security funds, enterprise annuity management institutions and other institutional investors to take part in venture capital and equity investment funds of emerging industries. We should give full play to the guiding role of venture capital funds in government emerging industries, expand the scale of venture capital investment in government emerging industries, and make full use of market mechanisms to drive social capital into innovative enterprises that are in the early and middle stages of entrepreneurship in strategic emerging industries. Encourage private capital to invest in strategic emerging industries.