Measures to boost the development of modern service industry of Huangpu district and GDD

Article 1.  In order to carry out the spirit of the Notice of the State Council on Several Measures for Expansion of China’s Opening-up to the Outside World and Active Use of Foreign Capital (Guo Fa [2017] No 5), Several Opinions on Boosting the Reform and Innovative Development of Development Zones of the General Office of the State Council (Guo Ban Fa [2017] No 7), Guiding Opinions of the State Council on Speeding up the Producer Service Industry to Promote Industrial Restructuring and Upgrading (Guo Fa (2014) No 26), and Guiding Opinions of the General Office of the State Council on Speeding up the Consumer Service Industry to Promote Consumption Restructuring and Upgrading (Guo Ban Fa(2015) No 85), and implement the city's modern service and advanced manufacturing bi-wheel driving strategy, the Measures are formulated in accordance with the situation of the district.

Article 2. The Measures are applicable to the modern service enterprises or institutions (excluding real estate companies) which have their industrial and commercial registration location, taxation and statistics administrative issues under the jurisdiction of Huangpu district, GDD and zones entrusted by or governed by them( “the Area” ), have a sound financial system with an independent legal person and independent business accounting and make a 10-year-long commitment of no migration of registration and office locations, no alteration of the tax payment obligation in the Area, and no reduction of registered capital. Enterprises that accept the support and violate the commitment will lose the supportive funds granted to them.

Article 3. [Project Settlement Award]: As for newly-established foreign-funded enterprises, those with actual-paid registered capital of 8 million USD and above (limited to investment by Fortune 500 corporations), 15 million USD and above, and 80 million USD and above, will have an award of 5 million yuan, 8 million yuan or 10 million yuan, respectively, after verification. 
As for newly-established domestic-funded enterprises, those with actual-paid registered capital of 30 million yuan and above (limited to large Central Enterprises, China Top 500 Enterprises or China Top 500 Private Enterprises), 60 million yuan and above, and 600 million yuan and above, will have an award of 5 million yuan, 8 million yuan or 10 million yuan, respectively, after verification. 
When a commercial complex, a village government or an enterprise ushers in high-tech or high-end service projects with the independent legal person qualification through selling, renting or self-constructing on the commercial office building, collectively- or self-owned land, and has contributed 500 thousand yuan to the Area’s economic development, 10 percent of the project’s contribution to the Area’s economic development will be granted to the contributor as an award.

Article 4. [Operation Contribution Award]: When a commercial enterprise becomes one of the Top 30 in the Area in terms of business income or contribution to the Area’s economic development and achieves a 5 percent year-on-year growth in business income for the current year, or reaches 500 million yuan business income with a 7.5 percent year-on-year growth in business income, 40 percent of its contribution to the Area’s economic development will be granted to the commercial enterprise as an award.  

When non-commercial profitable service enterprise becomes one of the Top 30 in the Area in terms of business income or contribution to the Area’s economic development and achieves a 3 percent year-on-year growth in business income for the current year, or reaches 50 million yuan business income with a 6 percent year-on-year growth in business income, 50 percent of its contribution to the Area’s economic development will be granted to this profitable service enterprise.

As for newly-registered enterprises in 2017 after the implementation of the Measures, those qualifying for the statistics threshold or contributing 1 million yuan or above to the Area’s economic development will receive an award of 100 percent of their contribution to the Area’s economic development for three consecutive years from 2017 (including the awards granted to senior executives).

Article 5. [Management Talent Award]: Senior executives (incl. chairperson of the board of directors, vice chairperson of the board of directors, general manager, deputy general manager, chairperson of the board of supervisors, chief economic manager, chief accountant or executives of similar positions, not above 10 executives for each enterprises) of enterprises qualifying Article 4 will receive the award of 10 percent of their due tax payment, and the award per person per year will not exceed 3 million yuan. The accumulated award amount for one enterprise will not exceed 30 percent of the enterprise’s contribution to the Area’s economic development. The chairperson of the board of directors of an enterprise becoming an enterprise above statistics threshold will have a lump-sum award of 50,000 yuan. The awards under this article will be directly transferred to the individual accounts accordingly. 

Article 6. [Fund Superposition]: Those receiving national, provincial or municipal industrial development support and awards will enjoy Fund Superposition support of 100 percent, 70 percent and 50 percent of the awards respectively, not to exceed 5 million yuan, 3 million yuan and 1 million yuan accordingly. 
Enterprises which receive provincial and municipal credit insurance support, achieved exports of above 3 million USD in the previous year and are covered by Short-term Export Credit Insurance will have the Fund Superposition of 30 percent of the paid premium. The Fund Superposition will not exceed 200 thousand yuan per year for each enterprise, and the total financial support amount will not exceed the premium it paid in the year. 
Automobile parallel import is encouraged. Importers (the importer which issues L/C) will enjoy an award of 3,000 yuan for each imported entire car.

Article 7. [Industrial Association Development Award]: Industrial associations which are registered and established according to the laws, carry out activities according to their Constitutions and serve the Area’s modern service industry will enjoy an annual expense subsidy of 300 thousand yuan after verification. 
The E-commerce demonstration enterprise or park will enjoy a lump-sum award of 1 million yuan for winning national commercial authorities’ appraisal, or 500 thousand yuan and 200 thousand yuan for winning provincial and municipal commercial authorities’ appraisal respectively.

Article 8. [IPO Award]: Enterprises listed on domestic or foreign capital markets will enjoy an award of 3 million yuan. Enterprises listed on the new OTC market will enjoy an award of 1 million yuan. The listed enterprises ascending the highest level will enjoy additional awards of 500 thousand yuan. Listed enterprises newly moving into the Area will enjoy the award according to this standard. Stock companies listed on the Guangzhou Equity Exchange will enjoy an award of 300 thousand yuan. And limited companies listed on the Guangzhou Equity Exchange will enjoy an award of 15,000 yuan.

Article 9. [Key Project Support]: As for key projects with great leading effect and contribution to local economic development, key support will be given upon the approval of the district government and the administrative committee.

Article 10. The projects and issues meeting the Measures and other supportive policies of the district (incl. policies on supportive funds or budget to be offered by the district required by the superior authorities) at the same time will enjoy awards according to the principle of “enjoying the greater awards and no repetitious awards”, except those with separate regulations. Taxes for the awards will be borne by enterprises or individuals accordingly. The Measures will come into force as of promulgation, and have the validity of three years. Evaluation and amendments will be made according to the implementation situation when the validity matures or relevant laws and policies change.

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