At the 27th China Hi-Tech Fair held in Shenzhen from November 14-16, 2025, Chen Jianeng, Deputy Director of Luohu District Financial Services Office, highlighted the district's rapid progress in strategic emerging industries during her speech at the "China Hi-Tech Forum."
Chen emphasized Luohu's commitment to integrating into Shenzhen's innovation-driven development strategy, focusing on cutting-edge sectors like artificial intelligence (AI), life sciences, and low-altitude/aerospace technologies under its "2+2+N" industrial framework. Over the past three years, the district's strategic emerging industries have grown by approximately 50%, now exceeding 1,000 enterprises, with the AI cluster alone surpassing 100 firms.
Key initiatives include the establishment of innovation hubs such as the Shennan East No.1 AI R&D Center and the Gold & Jewelry Digital Intelligence Empowerment Center, alongside dedicated AI-focused buildings and the Qingshuihe AI Industrial Zone.
Addressing perceptions of Luohu as an older urban area, Chen underscored its financial ecosystem's role in fostering innovation. The district partnered with PICC Shenzhen to launch "Startup Safety Insurance," a product designed to mitigate risks in R&D and commercialization. The policy covers R&D cost compensation for unmet project goals due to technical or market challenges and provides liquidation safeguards, including employee wage protection and founder stipends.
Complementing this, Luohu’s "Sci-Tech Innovation Risk Subsidy" program offers annual premium subsidies of up to RMB 150,000 and RMB 3 million in risk coverage via "tech insurance vouchers." This public-private risk-sharing model aims to encourage bold innovation.
Looking ahead, Luohu plans to refine its talent-to-capital support chain and invites entrepreneurs to explore its revitalized innovation landscape. Chen concluded by wishing success for the fair and its attendees.
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