Zhangzidao Group, Shandong Homey Aquatic Development, and Fujian Tianma Science and Technology Group are among 121 companies singled out by the Chinese government for cultivation into international players in the aquatic seedlings market.
The firms are named in a new document from China’ Agriculture Ministry, “Notice on Supporting the Development of National Seed Industry Formation Enterprises,” which also includes over 150 firms focused on livestock genetics and crop seeds. The firms on the list will have preferential access to state research facilities and favorable borrowing terms from state banks.
According to the document, "leading seed industry enterprises with integrated innovation capabilities" should form the basis of an internationally competitive Chinese seedlings sector, which would make China less dependent on foreign suppliers, while also making Chinese suppliers more-significant players in export markets.
Designation on the list is a boost for Zhangzidao, also known as Zoneco, which is now majority-controlled by a state-owned enterprise. The company farms scallops in the waters off Dalian in northern China.
Shandong Homey has traditionally focused on sea cucumbers while Fujian Tianma is a key player in eel production.
Photo courtesy of Wang Junqi/Shutterstock
