Xiamen rolled out several measures on July 29 to support high-tech enterprises with strong growth potential. [Photo/VCG]

Xiamen rolled out several measures on July 29 to support high-tech enterprises with strong growth potential.

The measures will encourage enterprises to increase production and efficiency, improve enterprises' research, development and innovation capabilities, increase financial support, increase the supply of talented personnel, provide supporting production factors, and optimize services provided to enterprises.

High-tech, high-growth and high-added value enterprises recognized by the government can receive personalized services and subsidies of up to 52 million yuan ($7.55 million) according to their tax bracket.

For enterprises that contribute major scientific and technological achievements to the city, a maximum subsidy of 20 million yuan shall be given.

The measures will also help enterprises ease their financial difficulties by encouraging the implementation of employee stock ownership, increasing fund investment support, encouraging the establishment of industrial mergers and acquisition funds, launching credit loan products for science and technology, and increasing support for enterprises' emergency loan repayment.

After the implementation of these measures, Xiamen is expected to invest 4 percent of its GDP in R&D by 2021, receive more than 35 invention patents per 10,000 people, and attract more than 2,500 national high-tech enterprises.