Luohu recently rolled out a series of supporting policies to advance the transformation of Shuibei gold and jewelry industrial agglomeration zone from a traditional processing manufacturing base to a modernized high-end industrial base.
The policies, which include an action plan to promote the high-quality development of Luohu’s gold and jewelry industry, are based on the characteristics of the industry as well as the needs of the enterprises. The policies will simulate the district’s vitality and encourage the government to serve the market comprehensively.
Luohu has also introduced special fund-supporting policies to further guide the industry to scale up and develop high-end, intelligent and branded products.
The primary funding targets include critical players in the whole industry chain and leading players in branding, digitalization transformation and intellectual property rights protection.
Lu Lihang, president of Shenzhen Shuibei Jewelry Group, said that these new policies focus on all links of the gold and jewelry industrial and supply chain with targeted action measures and incentives. For example, in talent transportation, they propose strengthening the supply of gold and jewelry artisans and building an internship platform integrating the government, schools and enterprises.
Du Ban, president of Shenzhen Jewelry Designers Association, noted that the strong financial support of these policies shows the government’s determination to promote the high-quality development of the gold and jewelry industry. The strategic goal is clear: to transform to a high-end fashion industry, to cater to new consumer needs of young people, and to develop more local brands.