Anhui plans to support 500 million annual funds to support the development of emerging industries, Sanan and Dehao Runda are listed

[High-tech LED News] Recently, the Anhui Provincial Development and Reform Commission announced the strategic emerging industry development guidance fund support project before the approval of the announcement, a total of 21 projects were selected, including a number of listed companies.

Among the major projects involved in the LED industry include the Xinyi TFT-LCD 8.5 generation line project led by BOE; Sanan Optoelectronics invested 12 billion LED chips and epitaxial wafer projects in Wuhu and the 4-inch LED invested by Dehao Runda in Wuhu Development and industrialization (Phase I) project of Blu-ray epitaxial wafers.

According to the newly-issued “Management Measures for Strategic Emerging Industry Development Guided Fund Projects” issued by Anhui Province, from now until 2015, Anhui Province will allocate 500 million yuan each year to adopt loan interest subsidies, subsidized investments, and equity participation in selected projects. With financial support, the municipal governments or the Jiangbei and Jiangnan industrial concentration zones will be in place at a minimum of 1:1 and will be in place. This shows that the total support funds this year will exceed 1 billion yuan.

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