Capital support attracts more businesses to Guiyang

In a bid to offer more financial support to local enterprises, Guiyang has initiated a campaign to invite fund firms and investors from other parts of China to start up business there. Guiyang Venture Capital Co, a leading firm that guides the whole capital flow of the campaign, has shouldered the responsibility to expedite the establishment of projects introduced to Guiyang.

One success story in the campaign is Take Yipin (Guiyang) Quality Tech Co, which was lobbied by  Guiyang at the China International Import Expo in November 2019. Within eight months, the firm had established China's first germ-free testing platform for medical consumables.

To date, the company has developed medical equipment research and outsourcing supply chains that cover all kinds of medical equipment and has served an estimated 3,000 enterprises. The number of staff members at the firm has surged from 60 to 180 and the original 5,000-square-meter laboratory has been expanded to 25,000 sq m.

"The financial support and the government's high-quality one-stop services have boosted our confidence to develop the business here," said Yu Rui, president of Yipin Quality.