Western (Chongqing) Science City released "Golden Phoenix" policies - a slew of 
new measures focusing on talents, innovation, industry and finance - in an 
effort to spur growth, according to a news conference held in Chongqing Hi-Tech 
Industrial Development Zone on March 5. 

The new policies aimed at developing the City into a major science hub that has 
impact on technological innovation at national and provincial level by actively 
pooling resources targeted to reignite drivers of growth, enhance the 
performance of hi-tech industries, and streamline government services in human 
resources, technological innovation and financial support. 

Among these measures, ten related to human resources encouraged companies to 
make efforts to attract high-skilled workers to the City and contribute to the 
development of four leading sectors including information technology, advanced 
manufacturing, healthcare and hi-tech service. This would create an enabling 
environment where industries and talents reinforcing each other, making the 
city a talent magnet with global competitiveness. 

Ten measures related to innovation put greater emphasis on ramping up spending 
on research and development, supporting market entities, building science 
facilities, and promoting application of technological achievements, in a bid 
to upgrade innovation chains, and create an environment fostering new drivers 
of growth, as the City took steps to surmount challenges such as building R&D 
facilities, incubating tech firms, making breakthrough in key technologies, and 
promoting their application. 

Ten policies concerning industry set to support the development of industrial 
chains in the areas of the four prioritized sectors, encourage industries to 
grow in collaboration with each other. By addressing slacking growth momentum 
in industries, encouraging upgrade of traditional industries and growth of 
emerging industries, the Science City hoped to build a highly-competitive 
industrial cluster. 

Ten policies related to finance were designated to invigorate the sector 
through supporting registration and acquiring of licenses of financial firms, 
aiding their growth and sharing of risks, with an emphasis on financial 
innovation. Building on financial technology and integration of industry, 
innovation, investment and policy support, these measures aimed at making 
greater efforts in aiding the growth of major sectors and tech firms, enticing 
a greater number of financial firms to operate from the City and developing a 
fin-tech cluster. 

Chongqing Hi-tech Development Zone pledged to fully implement these policy 
measures and ensure firms and individuals' access to these policy support, 
providing a solid foundation to accelerate the Western Science City's shift to 
a leading science and innovation hub in the nation. 

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Source: Chongqing Hi-Tech Industrial Development Zone