Supportive Policies to Coordinate COVID-19 Containment with Social and Economic Development in the Assistance of Enterprises (2.0 Edition)

By the Beijing Economic-Technological Development Area (BETDA)

I. Stable employment

We will build a list of human resources-oriented companies. In cooperation with major domestic recruitment websites such as Zhilian Recruitment and Liepin Recruitment, a service platform for employment information will be established in diversified channels.

An incentive totaling two percent of paid-in capital will be made to reward human resources firms who are registered and licensed as a provider of career agent services in the BETDA during the validity period of the edition of supportive policies. A reward of 50,000 yuan will be given to enterprises with more than 50 employees that are already registered in BETDA and have been involved in the services of human resources and labor dispatch during the pandemic-affected period.

Local businesses are entitled to enjoy temporary reductions in or exemption from social security contributions and other supportive measures. Efforts will be made to strengthen the cooperation between enterprises and institutions of higher education in talent cultivation, encourage firms to further enhance the professional skills of their employees via project-oriented independent training, support the development area and give guidance to enterprises in the organization of vocational training, and provide them with fiscal subsidies.

We will build a contact between enterprises and catering industries in the supply of food and beverages at the workplace in an endeavor to better promote business resumption.

We will extend care to employees and provide those from impoverished families with necessary assistance, publicize policies relevant to labor contracts, guide people to resolve their disputes via negotiation and mediation, and better deal with labor disputes during the pandemic.

II. Stable financial sector

Local banks must strictly follow their loan policies for small and micro enterprises, guarantee them broader access to loans, and grant eligible firms multiple forms of assistance such as payment postponement, loan renewals and reduced interest when they have difficulties in repaying loans. Enterprises that contributed significantly to local social and economic growth in the previous year will enjoy a 50 percent government interest subsidy for no more than a year if they apply for a loan during the pandemic.

Local banks should further enrich the services of their loan renewal departments, extending the scope of their services from handling loan renewals to include first-time loans.

We will strengthen our efforts to guarantee the loans of candidate enterprises and grant a 50 percent deduction of government interest subsidies to local financing guarantee institutes when they provide service to tech-oriented small and micro enterprises.

In addition, we will grant a subsidy equal to one percent of paid-in capital to newly registered financial and investment institutes.

III. Stable foreign trade

We will extend full support to the resumption of work and production and assist firms in the expansion of their presence in domestic and overseas markets. A subsidy of no less than 500,000 yuan will be given to foreign trade companies with exports in 2020 totaling U.S. $ 10 million.

Newly registered foreign trade firms will enjoy an additional reward of 20,000 yuan when they meet the above-mentioned requirements.

IV. Stable foreign investment

We will strictly act on foreign investment law and implement a system of pre-establishment national treatment plus a negative list.

An incentive equal to one percent of paid-in capital will be granted to newly registered foreign trade companies. Meanwhile, firms that made more much use of foreign investment in 2020 will enjoy a subsidy of one percent of their newly added and used foreign investment.

V. Stable domestic investment

We will accelerate the construction of new cities, promote urban renewal, strive for an integration between urban areas and industries, deepen connections between industrial links, and encourage major firms to make full use of their leverage in the promotion of coordinated development between upstream and downstream industries.

A subsidy equal to one percent of non-land purchase fixed-asset investment and totaling 50 million yuan at most will be granted to eligible firms.

Firms will enjoy an incentive equal to 10 percent of their actual expenditure for technological innovation up to 5 million yuan.

Companies cannot simultaneously enjoy two favorable policies.

VI. Stable expectations

We will comprehensively implement national and local policies and measures to accelerate business resumption.

An incentive equal to one percent of newly added output value in 2020 will be given to industrial firms that saw a year-on-year growth in the same period.

Companies with a growth in annual economic contribution of between three and five percent in 2020 will enjoy a reward equal to half of their economic contribution. They will enjoy a 100 percent repayment of their economic contribution when it grew by more than five percent in 2020.

VII. Consumption promotion

We will extend full support to the growth of new consumption models like contactless delivery, humanless retail and livestreaming retail. A digital coupon of 200 yuan will be distributed to all people working in BETDA. People who chose to stay put in Wuhan, the former epidemic center in central China's Hubei Province, instead of returning to Beijing will enjoy another coupon of 300 yuan.

VIII. Simplified administrative procedures

A subsidy equal to one percent of paid-in capital will be given to newly registered industrial firms that belong to one of four major industrial scopes and whose paid-in capital surpasses 10 million yuan.

We will speed up administrative approval, open "green channels" to facilitate the approval of major projects, streamline administrative procedures, reduce processing time by 40 percent, pilot reform of administrative approval, and provide better services when handling items in the list of reform.

We will implement a land system which allows industrial projects to lease a section of land before purchase and to enjoy flexible use of the land. Moreover, factories will be built by third-party companies in accordance with the operational needs of resident firms in a bid to further reduce the time needed for their construction and production.

IX. Financing promotion

Business entities, which were either listed domestically or were recently listed in major domestic and overseas capital markets, will enjoy a reward of six million yuan in total to be granted by municipal-level and district-level governments at different times.

Listed firms designated as New Third Board's Select companies will be presented with one million yuan as a reward.

Listed firms and those with New Third Board's Select designation will be rewarded with a subsidy equal to one percent of their actually raised capital up to one million yuan and 20,000 yuan respectively, when they engage in financing in the stock market.

Local firms are encouraged to further consolidate their market presence through mergers and acquisitions. An incentive equal to five percent of transaction volume will be given to enterprises which have merged and acquired listed firms, those on the New Third Board's Select list, and high-tech companies with resettlement in the development area. The reward shall not exceed 300 yuan, 50,000 yuan and 50,000 yuan respectively.

Financing and leasing companies will be provided with a reward equal to five percent of contracted transaction volume, when they offer local firms such services. In addition, they will enjoy an incentive equal to one percent of their actual spending on the purchase of equipment produced by local companies and used for their business operation.

X. R&D promotion

We will accelerate efforts to build innovative centers, encourage firms to invest more in research and development, make breakthroughs in key and core technologies, and create R&D and application scenarios for new technologies and products.

An incentive equal to 20 percent of the amount of actual spending in R&D activities higher than that of the previous year will be given to eligible firms whose R&D expenditure grew over 15 percent in 2020.

Companies, which have taken part in technological research in key sectors, will be granted with a reward equal to half of their actual spending in R&D activities at most.

A reward of 5,000 yuan and 10,000 yuan will be granted to candidate firms which have received a patent certificate of invention or one PCT honor respectively.

Companies which have developed R&D and application scenario for new technologies and products will be granted a subsidy equal to 30 percent of involved spending at most.

Companies which have developed the country's first set of major technological and innovative products will be granted with a subsidy equal to 30 percent of the transaction volume of the first three set of their products.

XI. Restructuring promotion

Companies are encouraged to engage in integrated and coordinated development and become an integral part of the core industrial global supply chains.

A subsidy equal to three percent of transaction volume concerned up to three million yuan will be granted to candidate firms that have purchased products from companies without any asset correlation in the development area. A set of such products must surpass 20 million yuan.

Manufacturing companies are encouraged to further deepen their cooperation with R&D and designing firms.

Newly registered R&D and designing companies will be granted a subsidy equal to one percent of paid-in capital when they have had actual business operation. Existing R&D and designing enterprises will enjoy an incentive totaling one percent of the amount of their accumulative growth in comparison with previous years if their major businesses saw a year-on-year growth in 2020.

XII. Efforts to spur economic contribution

Companies that have been engaged in the research and production of pharmaceutical products and medical facilities against the COVID-19 pandemic will be granted a subsidy equal to 10 percent of their actual investment in 2020 and not exceeding 10 million yuan.

Companies which have contributed significantly to the production and sales of medical products during the pandemic will also be granted a subsidy.

Companies which have followed governments' rules and suggestions related to the regulation of their production capacity and market supply during the pandemic will be provided with a subsidy as well, set in accordance with the sales volume of emergency products.

Companies which have made remarkable contributions to social and economic growth will be granted with an honor in the name of the local federation of trade unions and the administrative committee.

Note:

The country, capital city and the Beijing Economic-Technological Development Area have enacted relevant supportive policies.

Companies cannot again enjoy the favorable policies listed here when they have enjoyed similar policies in accordance with the agreements made upon their formal entry into the Beijing Economic-Technological Development Area. Nevertheless, they can choose a much better version.

Subsidies listed here are calculated in accordance with data such as output value, business income, fixed-asset investment and R&D expenditure of candidate companies released by the local bureau of statistics. The amount of subsidies shall be granted with a deduction of previous incentives specified in the Beijing Economic-Technological Development Area Measures to Support Corporate Participation in Epidemic Prevention and Control and Social and Economic Growth.

Candidate companies can submit their applications when they have undergone registration procedures and paid their tax within the jurisdiction of the Beijing Economic-Technological Development Area. In addition, they need to actively support local epidemic prevention and control work and have no negative credit history in administrative affairs in the past three years.

The supportive policies here became valid on the occasion of their announcement and they are valid for one year. Relevant department have the final say in deciding the time to grant specific subsidies.

Beijing Economic-Technological Development Area Measures to Support Corporate Participation in Epidemic Prevention and Control and Social and Economic Growth will automatically become invalid when its favorable specifications are fulfilled.