Recently, the Department of Finance of Henan Province issued a notice to announce the results of the assessment and evaluation of the province’s investment in science and technology in 2020. Among them, Sanmenxia was rated by the Department of Finance of Henan Province as the cities and counties with good results in organizing scientific and technological investment, implementing major reform policies in science and technology, and optimizing the environment for scientific and technological innovation (a total of 6 cities in the whole province), and won the 2021 central government special fund of 4 million yuan to guide local science and technology development. 

In 2020, Sanmenxia adjusted the expenditure structure, increased expenditure, and gave full play to the leading and supporting role of financial science and technology funds. The city’s financial science and technology expenditure was 559.46 million yuan, an increase of 7.7% over the same period of the previous year, accounting for 2% of the general public financial budget expenditure, exceeding the target of science and technology proportion. 

In 2021, Sanmenxia will continue to increase investment in science and technology, support the implementation of innovation-driven development, and help industrial transformation and upgrading. First, coordinate funds scientifically, fully implement the supporting funds at both the city and the county levels for enterprise research and development, leverage provincial research and development investment funds, implement the high-tech enterprise multiplication plan, and strengthen the cultivation of innovation platforms. Secondly, give full play to the multiplier effect of financial funds, continue to carry out the “science and technology loan” business, attract social capital to participate, and alleviate difficulties of enterprise financing. Thirdly, conscientiously implement preferential technology policies such as tax reduction and exemption for high-tech enterprises and additional deduction of R&D expenses, and gradually increase the driving effect of financial investment on R&D investment of enterprises. Fourthly, comprehensively promote the budget performance management in the field of science and technology to ensure the maximized use of funds. Fifthly, strengthen the whole-process supervision of science and technology funds to ensure their safe and standardized use.