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In 2020, the total number of high-tech companies in Liangjiang New Area reached 506, ranking first in Southwest China's Chongqing municipality. The number increased by 24.4 percent year-on-year – a three-year high.

Due to the novel coronavirus pandemic, the application training sessions for high-tech companies moved from offline to online. In 2020, more than 1,000 companies joined 10 training sessions to learn about the application requirements and policies, 204 of which successfully passed the application process.

Liangjiang's technology innovation bureau offered targeted services to help companies with the application process. Once recognized as a high-tech company, each enterprise can enjoy tax reductions and exemptions and financial support policies at the national, municipal and district levels.

The bureau is currently building a technology innovation big data platform, which will collect information on companies' R&D investments and patents so that potential high-tech companies can be discovered and offered services.

More than half of Liangjiang's high-tech companies are involved in the automobile and electronic information sectors, and all have benefited from Liangjiang's industrial transformation and upgrading.

These companies focus on technological breakthroughs and applications. They can drive the development of upstream and downstream enterprises and promote industrial chains' upgrading with their new technologies and products.

In the future, Liangjiang's technology innovation bureau will encourage research institutions to cooperate with companies so that firms and the market can apply scientific research achievements.