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China Working On High-Tech Enterprise Certification
April 10, 2006 |
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| Category: Law & Policy
Guo Rong, director of the Finance Research Office at the Ministry of Science and Technology (MST) told local media at the China Venture Capital Forum 2006 that MST is formulating a new high-tech enterprise certification measure in cooperation with several other ministries, including the Ministry of Finance.
Guo said that the current measure in defining high-tech enterprises is in urgent need of alteration. He said that the new measure is already in trial use.
The current high-tech enterprise certification's conditions, which was formulated in 2002, include ten major sectors including bio-engineering, new medical technology, new material applications, advanced manufacturing, aviation technology, modern agricultural technology, new energy-saving technology, environmental protection, oceanic engineering and nuclear applications.
The new measure is said to cover more enterprises, and they will benefit directly from a new tax policy to be released in the second half of this year.
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