'Pilot city' services for high-tech enterprises

Tianjin authorities are accelerating development of a national pilot city focused on financial innovation for tech companies, said Deputy Mayor Cui Jindu.

"The integration of technology and finance is of profound significance to promote commercialization and industrialization of research results, fostering emerging industries and transforming the economic model through proprietary innovation," Cui stressed.

Tech companies now stand at the forefront of the nation's ongoing transformation, said Chen Zongsheng, deputy secretary-general of the Tianjin city government.