Policies

HomeHome>Texts

Several Measures for Supporting the Innovative Development of the Financial Industry in Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone

lgxc.gov.cn| Updated: Dec 16, 2019 L M S

2. New-type financial agencies

New-type financial agencies in the Measures means agencies established in Lin-gang Special Area and providing related financial services, including but not limited to financial leasing companies, wealth and asset management agencies, third-party payment companies, asset appraisal agencies, credit rating agencies, etc.

1) New-type financial agencies with paid-in registered capital reaching a certain scale will be offered a move-in reward up to 20 million yuan.

2) A comprehensive contribution reward will be awarded to new-type financial agencies according to their annual financial contribution to Lin-gang Special Area.

3) Primary branches of licensed financial institutions established in Lin-gang Special Area will be offered a move-in reward and contribution reward referring to reward for new-type financial agencies.

4) Companies that establish aircraft, ship or large equipment financial leasing SPV (Special Purpose Vehicle) projects in Lin-gang Special Area will be offered a comprehensive contribution reward according to their annual financial contribution.

3. Investment enterprises

Investment enterprises in the Measures means enterprises established in Lin-gang Special Area and mainly engaged in equity investment management and equity investment, including but not limited to renminbi and foreign currency equity investment management enterprises, and equity investment enterprises, etc.

1) Equity investment enterprises with paid-in registered capital reaching a certain scale will be offered a move-in reward up to 20 million yuan.

2) For equity investment enterprises established as a partnership with paid-in registered capital reaching a certain scale, a move-in reward up to 10 million yuan will be offered to the entrusted equity investment management enterprises established in Lin-gang Special Area

3) A comprehensive contribution reward will be awarded to equity investment management enterprises and equity investment enterprises according to their annual financial contribution to Lin-gang Special Area.

4. Newly established financial institutions that purchase offices in Lin-gang Special Area for their own use will be offered a one-time subsidy of up to 12 percent of the actual purchase price (60 million maximum). Newly established financial institutions that rent offices in Lin-gang Special Area for their own use will be offered a 100 percent annual rent subsidy maximum according to the actual rented area for no more than three years.

5. Incentives for key financial institutions shall be discussed on a case-by-case basis.

IV. Supportive measures for functional financial institutions

Functional financial institutions in the Measures means a variety of newly registered and established financial institutions in Lin-gang Special Area that have such functions as financial market trading operations, settlement and clearing, financial research, information statistics and releasing, including but not limited to trading venues, trading platforms for financial elements, clearing and settlement institutions, domestic and foreign financial organizations, etc.

1. Newly established functional financial institutions shall be classified into international, national, provincial or ministerial levels and be given a corresponding one-off reward up to 6 million yuan.

2. Newly established functional financial institutions that purchase offices in Lin-gang Special Area for their own use will be offered a one-time subsidy of up to 6 percent of the actual purchase price (20 million maximum). Newly established functional financial institutions that rent offices in Lin-gang Special Area for their own use will be offered a 100 percent annual rent subsidy maximum according to the actual rented area for no more than three years.

3. For functional financial institutions under headquarter financial institutions that contribute to improving Lin-gang Special Area's financial innovation ability and openness, develop and launch financial products or services, such as cross-border investment and financing, cross-border asset trading, centralized cross-border fund operation and financial derivatives, that play a significant exemplary and leading role, a one-off reward of 3 million yuan will be offered.

4. Functional financial institutions that carry out major financial service innovations and make outstanding contributions to Lin-gang Special Area's economic and social development will be offered a move-in reward and contribution reward referring to reward for new-type financial agencies.

5. Incentives for key functional financial institutions shall be discussed on a case-by-case basis.


< 1 2 3 4 >

Policies

  • Address No 200 Shengang Avenue, Pudong New Area, Shanghai, China
  • Zip Code 201306
  • TEL +86-21-68283063
  • FAX +86-21-68283000
top