China unveiled a new batch of “Little Giants” companies－innovative small and medium-sized enterprises or SMEs－recently. Zhangjiagang Furui Hydrogen Power Equipment Co., Ltd. (Furuihp), invested by CM Venture Capital, has ascended to the “Little Giants” list this year. In February, the Ministry of Industry and Information Technology and the Ministry of Finance jointly announced that 10 billion yuan (US$1.552 billion) would be used to support over 1,000 “Little Giants” Chinese companies during the 14th Five-Year Plan period (2021-2025).
The Ministry of Industry and Information Technology announced a new batch of “Little Giants” companies this year
Furuihp has ascended on the “Little Giants” list this year.
According to the Ministry of Industry and Information Technology, “Little Giants” companies are leading SMEs specializing in niche sectors, acquiring high market shares, having innovative capabilities, and grasping core technologies.
As of now, the country has already identified 4,762 such “Little Giants” companies operating in mid-to-high-end sectors, including new-generation information technology, high-end equipment manufacturing, new energy, new materials, biomedicine, etc.
Meanwhile, according to Chinastarmarket.com, 85 of these “Little Giants” companies have been listed on the Science and Technology Innovation Board, accounting for 26% of all the companies listed on the STAR Market.
Notably, 18 enterprises from Jiangsu Province are identified as “Little Giants” companies in this batch with six companies from Suzhou and two from Zhangjiagang.