Recently, financial funds in the field of industry and information technology were set up by the Hainan provincial government in a bid to promote market booming in the province.

Focusing on supporting technological innovation, expanding investment, optimizing the exhibition environment and so on, Hainan sets up incentive funds for fields such as advanced equipment manufacturing, modern biological medicine industry, business environment of small and medium-sized enterprises, which will be enforced through 10 detailed implementing rules.

Wang Yuan, the Deputy Director of Industry and Information Technology Department of Hainan Province said, "We evaluate the development of small and medium-sized enterprises in all cities and counties every year. The provincial finance department will award 5 million yuan to each of the top five cities and counties. The funds are mainly used for supporting the small and medium-sized enterprises to develop public service systems, as well as their innovative development and capacity improvement."

The target enterprises should have registered and have their production base in Hainan. They are tax-paying companies without credit problems and unpaid taxes. At present, the entire process of declaration is operated online at the "Haiyidui" platform,which simplifies the declaration process and assures an open and fair declaration of funds.