Seven strategic emerging industries will be supported by finance and taxation

Energy-saving and environmental protection, new generation of information technology, biology, high-end equipment manufacturing, renewable energy, new materials and energy vehicles have been identified as strategic emerging industries "Caixin Network" (Comprehensive media report) the State Council has decided to set up a new strategic emerging industry development special funds to establish a stable financial investment growth mechanism,　　To guide and encourage social funds to invest in strategic emerging industries.　　China's premier, Wen Jiabao, 8th presided over a State council executive meeting to scrutinize and adopt the decision of the State Council on speeding up the cultivation and development of strategic emerging industries, the government said, confirming the key directions, main tasks and supporting policies for the development of strategic emerging industries.　　Seven industries, such as energy saving, environmental protection, new generation of information technology, biology, high-end equipment manufacturing, fresh energy and new materials and energy vehicles, are identified as strategic emerging industries. The State Council said it will increase fiscal and financial policies to support the efforts to guide and encourage social investment. Set up a special fund for the development of strategic emerging industries and establish a stable financial investment growth mechanism. To formulate and improve the tax support policy to promote the development of strategic emerging industries.　　To encourage financial institutions to increase credit support, to play the financing function of multi-level capital market, and vigorously develop venture capital and equity investment funds. The State Council stressed that speeding up the cultivation and development of strategic emerging industries is a major strategic task for China's economic and social development in the new era. will strengthen organizational leadership and coordination, the preparation of national strategic emerging Industry development planning, the establishment of industrial development guidance catalogue, the optimization of regional layout, the formation of various features, complementary advantages, reasonable structure of strategic emerging industries coordinated development pattern. (Caixin reporter Xu Ming)