Central and State Council Offices: Encourage SOEs to Accelerate Establishment of Independent Accounting, Exemption from Value-Preservation Assessment, and Error-Tolerance Correction R&D Reserve Fund Systems

36Kr reports that the General Office of the CPC Central Committee and the General Office of the State Council have issued an opinion on promoting deep integration of technological innovation and industrial innovation. Among other measures to comprehensively enhance corporate innovation capabilities, the document proposes improving mechanisms for regular corporate participation in formulating national strategies, plans, and policies for science and technology and industrial development. It calls for opening pilot programs of the National Natural Science Foundation to private enterprises, expanding the scope and scale of joint funds for corporate innovation development. The opinion encourages state-owned enterprises to accelerate the establishment of independent accounting R&D reserve fund systems exempt from value-preservation assessments and incorporating error-tolerance correction mechanisms. It also urges technology-driven small and medium-sized enterprises to increase R&D investment and raise the ratio of additional deduction for R&D expenses, supports enterprises in leading the construction of science and technology innovation platforms and bases, improves access regimes for major national scientific infrastructure, large-scale research instruments, and national scientific data centers for enterprises, and increases support for enterprises through various talent programs while strengthening the development of enterprise postdoctoral workstations.