Beijing recently unveiled a suite of policies geared towards strengthening the integration of advanced manufacturing and the modern service industry in the city. As part of the initiative, the government plans to construct 10 integrated industrial parks and foster the development of 100 related pilot businesses by 2025.

Under the new initiative, these industrial parks are set to expand in building scale and become eligible for a subsidy of up to 30% of the total investment in fixed assets when constructing industrial service facilities and digital infrastructure.

The initiative will target two types of pilot enterprises: those with competitive advantages and a leading role in integrating industrial chains, and those with robust innovation capabilities and rapid growth rates.

These enterprises will benefit from listing-related services from the Beijing Stock Exchange, while banks and financial institutions will devise customized financial products specifically designed for them.