National high and new tech enterprises are also called national-level high and new tech enterprises. According to the Administrative Measures for the Determination of High and New Technology Enterprises, national high and new tech enterprises refer to the resident enterprises that belong to the High and New Tech Fields under the Key Support of the State, have been registered for one year or longer within China (excluding Hong Kong, Macau and Taiwan regions), have incessantly devoted to the R&D as well as transformation of technological achievements, have formed their own independent core intellectual property rights and are carrying out business activities on this basis. Technology- and growth-based enterprises in Shenzhen can also apply for the recognition of Shenzhen High and New Tech Enterprise.