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High-Tech Enterprises Urged to Get Listed
China will speed up experiment with venture investment and get more high-tech businesses listed, a high-ranking Chinese official said here today.
"Along with economic globalization and China's accession into the World Trade Organization, the country is facing both opportunities and challenges to develop its high-tech industry, " said Xu Guanhua, deputy minister of Science and Technology.
"Huge input is needed to develop the high-tech industry," said the deputy minister while attending a forum on industry of high and new technologies and capital market in China.
The forum, attended by more than 800 officials, experts and entrepreneurs, was held in Wuhan, the capital city of central China's Hubei Province.
"However, government could not help much as far as investment is concerned," Xu added. He hopes that enterprises and corporations will rely mainly on market or themselves for fund- raising.
At present, China has more than 90 registered venture investment organizations, which have raised approximately eight billion yuan so far.
In the next five years, businesses involving software and net technology, integrated circuit designing, bio-engineering and new medicine, clean coal technology, automobiles, high-speed rails, e- commerce and knowledge-based services will be the priority to get listed at home and abroad, according to the deputy minister.
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