Interim Measures for the Management of Industrial Transformation and Upgrading Funds Published

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China Drying Network News The Ministry of Finance recently issued the Interim Measures for the Administration of Industrial Transformation and Upgrading Funds, which regulates the management and use of funds for industrial transformation and upgrading and improves the efficiency of the use of funds. The Ministry of Finance stated that in order to support industrial transformation and upgrading, the company has established industrial transformation and upgrading funds on the basis of special projects such as the integration of electronic information industry development funds and special funds for integrated circuit industry research and development. Industrial restructuring and upgrading funds are jointly managed by the Ministry of Industry and Information Technology and the Ministry of Finance in accordance with the division of responsibilities. The scope of financial support for industrial transformation and upgrading includes: public service platform construction, in-depth integration of informatization and industrialization, improvement of industrial product quality and strengthening of independent brand cultivation, independent innovation in the industrial sector, training of intellectual property in industrial enterprises, support of Chinese medicinal materials, construction of industry standard systems , SME service system construction and other areas of industrial transformation and upgrading identified by the Ministry of Industry and Commerce Ministry of Finance.

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