Xiamen high-tech zone fosters new industrialization

Intelligent production equipment in the industrial center of ABB Xiamen Switchgear Co Ltd. [Photo provided to gofujian.com]

Through substantial incentives, the Xiamen Torch Development Zone for High Technology Industries is actively encouraging industrial enterprises to invest in intelligent equipment and supporting small and medium-sized enterprises (SMEs) in their digital transformations.

The zone recently implemented several measures to accelerate new industrialization, which are divided into five main areas, focusing on encouraging enterprises to undergo intellectualized reconstruction and digital transformation, supporting their growth and expansion, nurturing specialized and sophisticated enterprises that produce new and unique products, promoting integration of industry and finance and enhancing services for enterprises.

Xiamen is one of the first pilot cities for the digital transformation of SMEs in China. The Xiamen Torch Development Zone for High Technology Industries will accelerate the transition of industries towards high-end, intelligent, green, and integrated models to cultivate new quality productive forces.

These measures aim to directly resolve issues hindering SMEs from embracing intellectualized reconstruction and digital transformations.

The Xiamen Torch Development Zone for High Technology Industries will reinforce policy implementation, improve service quality and efficiency, and help 232 enterprises participate in Xiamen's pilot program for SME digital transformation within two years.

Specialized and sophisticated "little giant" firms are pivotal to the high-quality development of new industrialization. These measures support such firms by promoting expedited equipment upgrades, enhancing talent housing guarantees, and fostering leadership demonstrations.

The emphasis on industrial chain and supply chain collaboration has attracted significant attention from enterprises, encouraging key enterprises to collaborate with non-affiliated industrial enterprises, fostering the expansion of local industry and supply chain networks, and nurturing closer partnerships.

In recent years, the Xiamen Torch Development Zone for High Technology Industries has consistently organized supply-demand matchmaking events in sectors like smart manufacturing and energy conservation and environmental protection technologies. These events serve as in-person networking platforms for enterprises on both sides of the supply-demand equation, driving synergies across innovation, industry, and resource chains.