China says to accelerate financial support for sci-tech innovation

BEIJING (Reuters) -China said connected Wednesday it would further heighten superior marketplace enactment for subject and exertion innovation enterprises and would grow slope recognition enactment for the firms.

China would grow its aviator programme for fiscal plus concern companies (AICs) that aims to bring much equity concern to tech innovation firms, according to guidelines jointly released by 7 authorities including China's subject and exertion ministry.

China would besides enactment tech innovation firms to database abroad, the guidelines said.

(Reporting by Beijing Newsroom; Editing by Alex Richardson)