Xinjiang is rich in mineral resources covering 80.7% of developed mineral species in China. Ranking first in China with 9 kinds of mineral reserves such as petroleum, natural gas and coal, among which, natural gas resources accounting for 34% of national land resources, petroleum 30%, and coal up to 40% of national resources, it is an essential reserve base of energy and minerals, and a safe passage of national energy to Central Asia and West Asia as well.
Named as "the Continental centre of Asia", Urumqi covers an area of 14,200 square kilometers totally (with its urban built-up area of 235.9 square kilometers), with a permanent population of 3.11 million. It is the hub connecting the south part with the north part of Xinjiang, Chinese mainland with Central Asia and Europe as well, the bridgehead in Western China of the second Eurasia Continental Bridge, and an important gateway opening to the West of China. Urumqi has 1 first-class port and 7 second-class ports, connecting directly with key ports of 8 bordering countries especially five countries in Central Asia.
With the construction plan of "Top Six Groups" in Urumqi, it strives to build the space structure of "One Axle, Double Cores, and Multiple Centers". Located at the intersection of two industrial corridors of "One City with Two Axes" in Urumqi-Changji Area, four among the Top Six Groups are situated at Urumqi State High-tech Industrial Development Zone (Xinshi District).
In 2010, after the Central Working Conference on Xinjiang, the Party Central Committee issued a serial of preferential policies in favor of the economic and social development of Xinjiang. Standing firm against the strategic altitude of state-level science park, it aims at strengthening the organization and guidance of headquarters' economy development, formulates unified supporting policies, with an overall scientific policy system of headquarters' economic development.
Based on the development and utilization of the superior resources in Xinjiang, it has formed top six pillar industry groups including new energy, new materials, biomedicine, equipment manufacture, coal power and coal chemical and modern service.
With the principle of "Closed Management and Open Operation" and the goal of "Considerate and Zero-distance Service", we simplify the procedure and perfect the functions to provide with track-handling and agent service, i.e. the round-the-clock tracking service with zero barrier and high efficiency in an all-round way, free of relevant administrative charges required by the financial items at the same level.
As the first state-level science park with the largest scale and the strongest force in Xinjiang Uygur Autonomous Region, it has established complete industrial development system on the basis of each link such as scientific and technological innovation, pioneering and industrialized development. As the leader of national high-tech Zone to develop the strategic alliance in the market of Central Asia, with offices of domestic high-tech enterprise service in Central Asia, it is a clustering area of Xinjiang scientific and technological innovative resources and high-tech enterprises, a professional service platform of high-tech industrialized development and an international service platform of The Crossover of the West and the East in China.
After merging Urumqi State High-tech Industrial Development Zone and Urumqi Xinshi District into a single whole, the zone has an area up to 300 square kilometers, plus the organized system of Anningqu Town and Qinggedahu Township and Liushihu Township of Urumqi County handed over to the Zone (Xinshi District), rich in land resources.
With clear equity, Northern Industrial Zone and Ganquanpu Industrial Zone need not to remove. With its distinctive traffic facilities, value-added potential and geographical position, it has become a strategic place for many enterprises to enter.
Topping the list of local fiscal revenues in Urumqi, the zone belongs to first-level finance and first-level state treasury, with multiple special funds annually including supporting funds amounting to 60-80 million Yuan, industrial loan with discount interest of 20-30 million Yuan, scientific and technological innovative funds of 7-10 million Yuan, and company brands prize of 5-7 million Yuan, so as to support the project construction in the way of non-reimbursable subsidy. For key introduced project, it will clarify the specified items of fiscal and tax supporting in the way of agreement.
With complete financial service system, the zone has established financial credit guarantee companies, available for the credit line of policy-related bank loan amounting to 2 billion Yuan on the basis of fixed interest rate with a term of 12 years granted by National Development and Reform Committee and China Development Bank. China Securities Regulatory Commission Zhongguancun Share Transfer Agent System Pilot Unit is the registration place for equity investment enterprises designated by Xinjiang Uygur Autonomous Region.