Henan Yucheng County Federation of Industry and Commerce to Promote Technological Innovation in Private Enterprises

In a significant development, the Henan Province Micro-Nano Diamond Powder Academician Workstation, proposed by Yucheng Huifeng Diamond Technology Co., Ltd.—a member of the Qiucheng County Federation of Industry and Commerce in Shangqiu City, Henan Province—has been officially recognized by the Henan Department of Science and Technology. This marks the first such workstation established in Yucheng County, highlighting the company's commitment to innovation and technological advancement. Yucheng County is widely known as the "Hometown of Chinese Diamond Powder," with over 150 enterprises engaged in the production and processing of diamond micropowder and related products. The county produces an impressive annual output of 1 billion carats of diamonds, 4.5 billion carats of diamond powder, 460,000 diamond wheels, and 780,000 diamond drills. As a key player in this industry, Yucheng Huifeng Diamond Technology Co., Ltd. has taken a leading role in establishing an academician workstation, showcasing the potential of private enterprises to drive high-level scientific research. To support the growth of local businesses, the Qiucheng County Federation of Industry and Commerce has actively leveraged its resources to build four essential platforms aimed at promoting technological innovation and sustainable development. First, the federation has developed a **financing service platform**. By organizing bank visits and enterprise-bank meetings, it strengthens communication between financial institutions and companies. A private enterprise credit integrity system has also been established to reduce information asymmetry and enhance trust between banks and enterprises, ultimately increasing credit availability for small and medium-sized businesses. Second, a **training service platform** has been created to further enhance the capabilities of private enterprise owners. Through forums on corporate economic development and management knowledge lectures, the federation helps improve the professional skills and management standards of business leaders, encouraging them to adopt modern management practices and foster a culture of continuous learning. Third, an **information service platform** has been set up to ensure that members stay updated on national economic policies, industrial trends, and regulatory changes. The federation maintains close communication with government departments, promoting collaboration and mutual understanding, which helps create a more supportive environment for private enterprises. Lastly, a **rights protection service platform** has been established to safeguard the interests of local businesses. The federation’s legal services team actively conducts “legal into the enterprise” initiatives, helping companies navigate legal challenges and manage disputes effectively. It also plays a key role in policy advocacy, providing input on regulations affecting the private sector and working closely with government and judicial bodies to create a stable and favorable legal environment. Through these efforts, the Qiucheng County Federation of Industry and Commerce continues to strengthen the foundation for the long-term development of private enterprises, ensuring they remain competitive and innovative in a rapidly evolving market.

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