Measures to boost development of high-tech industries of Huangpu district and GDD

Article 1.  In order to carry out the spirit of the Several Opinions of the CPC Central Committee and the State Council on Deepening the Reform of Systems and Mechanisms to Accelerate the Implementation of Innovation-driven Development Strategies (Zhong Fa [2015] No 8), 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), Decision of CPC Guangdong Committee and Guangdong Provincial People’s Government on Comprehensive Opinions on Deepening the Reform of Systems and Mechanisms to Accelerate the Implementation of Innovation-driven Development (Yue Fa (2014) No 12) and Decision of CPC Guangzhou Committee and Guangzhou Municipal People’s Government on Accelerating the Implementation of Innovation-driven Development Strategies (Sui Zi (2015) No 4), the Measures are formulated in accordance with the situation of the district.

Article 2. The Measures are applicable to the high-tech enterprises or institutions which have the 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  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. [Direct Equity Investment Support]: High-tech enterprises established with high growth rate which had business income of above 50 million yuan in the previous year and annual growth rate of above 30 percent over the past two years, and promise multiple growth in business income and main profit indicators within three years, or high-tech enterprises established by high-level talent with actual-paid capital of above 10 million yuan, venture capital of over 20 million and imputed value of above 200 million yuan, will enjoy the support up to 30 million yuan for no more than 20 percent of the equity and no more than 10 years in the mode of direct equity investment. The investment may be withdrawn as the original amount within three years, as the original amount plus the benchmark interest for the bank’s loan of the same period for the period of three to five years, and as the marketized value for the period of five years or above.

Article 4. [Sci-tech Project Fund Superposition]: Those sci-tech projects (incl. Intellectual Property Right(IPR) projects) receiving national, provincial or municipal support and awards will enjoy Fund Superposition support of 100 percent, 70 percent and 50 percent of the awards respectively, up to 5 million yuan, 3 million yuan and 1 million yuan accordingly.

Article 5. [Award to R&D Institution]: A total of 3 million yuan as a post-subsidy fund will be given to R&D institutions, such as national engineering and technology research centers, national engineering research centers, national engineering laboratories and industrial innovation centers, which are independently or jointly appraised by national authorities. Provincial R&D institutions which are independently or jointly appraised by provincial authorities will enjoy post-subsidy support according to the provincial sci-tech project fund superposition standard.

Article 6. [Financial Support]: Small and medium-sized enterprises which win loans from commercial banks will enjoy a loan cost (including interest and guarantee cost) subsidy of 50 percent of the interest which is higher than the benchmark interest of the People’s Bank of China for the same period. The interest discount per loan will be available for a maximum of one year. Each enterprise may only enjoy a one-time loan discount (one loan contract) with the loan discount amount not to exceed 500 thousand yuan. 
Talent’s innovation and startup projects in the investment zone will enjoy an award of 5 percent of the accumulated investment. The award to the same project investment will not exceed 1 million yuan. The annual award to one startup and investment fund will not exceed 2 million yuan per year. In case of loss due to investment failure, 30 percent of the investment loss will be given as compensation, and the compensation per project will not exceed 2 million yuan.

Article 7. [Intellectual Property Right (IPR) Award]: Subsidies to post invention patents are: 9,000 yuan/invention patent in domestic regions and Hong Kong, Macao and Taiwan; 1,000 yuan/practical new patent; 500 yuan/appearance design patent; 12,000 yuan/PCT patent application; 40,000 yuan/foreign invention patent (each invention will enjoy subsidies for a maximum of six countries). Subsidies to non-post invention patents are: 4,000 yuan/invention patent in domestic regions and Hong Kong, Macao and Taiwan; 800 yuan/practical new patent; 400 yuan/appearance design patent; 8,000 yuan/PCT patent application; 40,000 yuan/foreign invention patent (each invention will enjoy subsidies for a maximum of three countries). Those appraised as competitive IPR enterprises of the district will enjoy a lump-sum award of 100,000 yuan. Those appraised as national demonstrative IPR enterprises will enjoy a lump-sum award of 300,000 yuan, as provincial demonstrative IPR enterprises enjoy a lump-sum award of 250,000 yuan, as municipal demonstrative IPR enterprises a lump-sum award of 200,000 yuan and as district demonstrative IPR enterprises a lump-sum award of 200,000 yuan.

Article 8. [Settlement Award to National High-tech Enterprises]: As for the settlement of state-appraised high-tech enterprises within the validity in the district, each enterprise, in addition to relevant municipal incentives, will have a settlement award of 400,000 yuan, and will win another 100,000 yuan award when it is included in the district’s statistics threshold within three years from its settlement and within the high-tech enterprise appraisal validity. Business promotion institutions appraised by the district will have 100,000 settlement award for ushering in one high-tech enterprise, and will win another 400,000 yuan award when included in the district’s statistics threshhold within three years from settlement and within the high-tech enterprise appraisal validity.

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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