Recently, the National Development and Reform Commission (NDRC) and the Export-Import Bank of China jointly issued Guidance on Financing Support for Development of High-tech Services Industry (hereinafter as the Guidance). According to the Guidance, the Export-Import Bank of China will provide annual loan of at least 10 billion Renminbi yuan to support high technology services industry.
According to the Guidance, the key industries in high-tech services are R&D and design services, intellectual property services, inspection and testing services, scientific and technological commercialization services, information technology services, digital information services, e-commerce services and biotechnology services. NDRC already recommended a number of projects of high-tech services to the Export-Import Bank of China, including cloud-computing, large data analytics, Internet of things, mobile Internet, e-commerce and other new technologies.
