Let me see how Zhangjiagang accelerate industrial restructuring among the capital market development

Ranked first in the top three counties in Jiangsu, Zhangjiagang, 2005 only 4 listed companies. After 2005, by the reform of non tradable shares of Dongfeng, and vigorously promote industrial restructuring, Zhangjiagang initial public offering (IPO) number by leaps and bounds, currently listed companies increased to 18, the largest city of the country.

Zhuangshiduanwan type transformation

Zhangjiagang's pillar industry is the traditional textile and metallurgy, the number of listed companies and its industrial structure. A financial crisis, so that people fully understand the risks of the traditional industrial structure of Zhangjiagang. Zhangjiagang Municipal Development and Reform Commission Director Dai Jianming in an interview with the Securities Times reporter for example, Shagang is local large enterprises, the company during the peak period of one year paid taxes of 6 billion to 7 billion yuan, but after the financial crisis in 2009 suddenly dropped to only 1 billion 500 million yuan, "in 2009, Zhangjiagang city tax increase to not even 1%. So we started thinking: how can the city's economy continue to develop? There is only one: to accelerate the transformation and upgrading, foster new industries. "

Zhangjiagang has been able to become the country's top 100 counties, in its boldness and execution. After the reform and opening up the first two transformation is the case, and now the ongoing transformation of the same third.

In determining the direction of the industry, Zhangjiagang proposed the development of new energy, new materials and new equipment, the development of three hundred billion park. The three industry is currently "hot in hot", is the Zhangjiagang people swarmed, naturally understand what it means to watch, they aim at is the commanding heights of industry. As the energy field of the light emitting diode (LED) industry, they rely on the United Xin photoelectric and other leading enterprises, the establishment of the LED Research Institute and the Tsinghua University, to the national public testing platform and industry standard setters goal.

Dai Jianming said: the development of new industries to spend capital, not enough strength to go. "Zhangjiagang in the development of emerging industries is willing to under the original capital. In financial support, they will use their own resources limit, set up an annual total of 1 billion 500 million yuan in the emerging industry investment fund, set up a total of 3 guarantees amounted to 2 billion yuan in the Guarantee Corporation, and 18 venture capital, venture capital company. (down to A2 version)

In the emerging use of industrial investment funds, Zhangjiagang town (District) introduced in line with the industrial development direction, driving effect of new industrial projects were implemented on the future development of free financing, government funds to follow up, the biggest investment ratio reached 50%, unconditional exit and recovery of principal maturity. If a town under the jurisdiction of a biopharmaceutical company in the area of nearly 80 million yuan to introduce an expert team.

Shenglong PV-tech is benefit from the guarantee to realize the great leap from the brink of bankruptcy to. This company is the predecessor of the traditional textile enterprises, transformation of positive PV industry in 2008, unexpected financial crisis, capital chain suddenly broken, and the use of photovoltaic equipment to the port at the dock because no money delivery. At that time, the Zhangjiagang Municipal Commission by letter of the director was informed of the situation after the rapid decision, a one-time loan guarantees 2 hundred million. It is with this money, not only to revive Sheng, but also the rapid development, and in 2010 went to South Korea successfully listed. At present, the production capacity of PV modules to achieve 1GW (1GW=10 million watts), this year, an additional investment of 300 million to expand production scale.

After 30 years of reform and opening up the development of Zhangjiagang's land, environment and other resources almost exhausted, "Teng cage for birds" has become inevitable, and its handwriting is also surprisingly large. Zhangjiagang has issued 3 "1/3": one is to promote the transfer of the field to encourage a certain strength of the textile enterprises accounted for the total 1/3 of traditional enterprises; two is to take land repurchase policies to promote enterprises accounted for the total number of 1/3 enterprises exit, emerging industries to make land resources to focus on the development of. Such as Aoyang group will be 300 thousand tons of viscose production capacity to the field, 12 billion yuan investment in transformation and development of LED projects; and the total number of enterprises accounted for 1/3 three is consistent with the direction of industrial development, enterprise development potential, government guidance, foster and support.

After nearly 3 years of efforts, Zhangjiagang's industrial transformation has achieved initial success. With the completion of a number of major projects, the first half of 2011, the city realized profits and taxes 14 billion 118 million yuan, an increase of 13.6%, located in the forefront of Suzhou County, while industrial electricity consumption grew by only half of the increase in Suzhou.

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