On May 24, it was reported that the latest list of key cultivation banks for private enterprises in Jinan City in 2023 was recently released to the public. Shandong Hualing Cable Co., Ltd. and Shandong Zhengtai Cable Co., Ltd. are on the list and have attracted widespread attention from the market.

As an important measure to promote local economic development, Jinan City Key Cultivation Bank aims to cultivate and support outstanding enterprises that meet certain standards. It is reported that warehousing enterprises need to belong to the four leading industries or manufacturing industries of intelligent manufacturing and high-end equipment, fine steel and advanced materials, biomedicine and big health, big data and new generation information technology, and achieve annual sales revenue of more than 500 million yuan; or belong to other industries such as the service industry and construction industry, with annual sales revenue of more than 3 billion yuan. In addition, manufacturing enterprises need construction projects with a total investment of more than 300 million yuan and are included in the list of major projects in the city that year.

The selection of Shandong Hualing Cable Co., Ltd. and Shandong Zhengtai Cable Co., Ltd. further demonstrates the importance that Jinan City attaches to the intelligent manufacturing and high-end equipment industries. The two companies have achieved remarkable results in the field of cable manufacturing, and their high-quality products and advanced manufacturing technology enjoy a good reputation in the market. This selection will provide them with more development opportunities and government support, helping them further expand market share and enhance competitiveness.

It is understood that the key cultivation bank of private enterprises in Jinan City is a dynamically adjusted list, and new enterprises that meet the standards will continue to be put into the warehouse in the future. This measure will not only promote the rapid development of private enterprises in Jinan City, but also inject new vitality into the local economy.