position: EnglishChannel > Policy > Article

Notable Progress Achieved in ICSE Trial

Source: Science and Technology Daily | 2022-01-13 10:17:55 | Author: CHEN Chunyou


The signing ceremony of the cooperation agreement on the innovation credit-based system. (PHOTO: Ministry of Science and Technology)

By CHEN Chunyou

On December 28, 2021, a meeting of the pilot plan of innovation credit-based system of enterprises (ICSE) in national high-tech industrial development zones (high-tech zones), was held in Changsha, Hunan province, to measure progress since the launch a year ago.

At the meeting, Jia Jingdun, director general of Torch High Technology Industry Development Center (Torch Center), the Ministry of Science and Technology said the ICSE should be seen as a policy tool for supporting enterprise's innovation, and help to achieve national sci-tech self-reliance and self-strengthening at higher levels.

The evaluation index system of enterprise innovation credits should be further improved, so as to accurately identify and discover the technology-oriented small and medium-sized enterprises and start-ups with outstanding innovation ability as early as possible, said Jia.

It is necessary to guide the innovation factors, such as technology, capital, talent and public service, to accumulate in sci-tech enterprises, so as to promote their growth, said Jia.

During the meeting, Changsha high-tech zone released a list of top 100 enterprises in sci-tech innovation in 2020, and signed a cooperation agreement on enterprise innovation credit-based loan with nine banks, including Bank of China.

The ICSE was first initiated in December 2020, by the Torch Center covering 13 national high-tech zones. Over the past year, high-tech zones in the pilot plan have actively promoted the practical use of the enterprises' innovation credits. The supporting policies in finance, talent recruitment and use of land are provided for the enterprises.

About 22,000 enterprises were enrolled into the pilot plan in the past year. Financial support worth 5.63 billion RMB was provided to the innovation credit-holders, and social capital worth 28.98 billion RMB was leveraged to upgrade their credit rating and grant them loans.

In the next step, the Torch Center will  launch the second phase of the pilot plan of ICSE in 46 other national high-tech zones.

To make full use of the ICSE, the Torch Center has set up a cooperation mechanism with the financial institutions, and established the innovation credit-based loan for these enterprises.

Editor: 陈春有

Top News

  • The exports of China's new energy vehicle (NEV) sector soared by 77.6 percent in 2023, reaching 1.2 million units, ranking first in the world for the ninth consecutive year.

Joint Efforts to Build World's Largest Radio Telescope

China was right there in the early conversations about what the future of radio astronomy might look like, and has played a critical role in creating the world's largest and most advanced radio telescope - the Square Kilometer Array (SKA).

Stunning Indicators Call for More Joint Climate Action

“Sirens are blaring across all major indicators... Some records aren’t just chart-topping, they’re chart-busting. And changes are speeding up,” United Nations Secretary-General António Guterres warned.