Measures to boost the development of headquarters economy 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), Notice of Guangzhou Municipal People’s Government on Distributing the Opinions and Supportive Documents for Speeding up the Implementation of Headquarters Economy (Sui Fu [2013] No 14) and Notice of the General Office of Guangzhou Municipal People’s Government on Distributing Several Measures on Further Speeding up the Development of Headquarters Economy (Sui Fu Ban [2015] No 8), the Measures are formulated in accordance with the situation of the district.

Article 2. The Measures are applicable to the headquarters enterprises satisfying the conditions below and which have their industrial and commercial registration location as well as taxation and statistics administrative issues under the jurisdiction of Huangpu district, GDD and zones entrusted by or governed by them (hereinafter “the Area”), have a sound financial system with an independent legal person and independent business accounting, have no less than three sole-funded or absolute controlling companies and sub-companies with two not in the Area, and have registered capital of above 30 million yuan or annual net assets of above 60 million yuan or annual business income of above 500 million yuan. Those enjoying the support in the Measures shall make a 10-year-long commitment of no migration of registration or office locations, no alteration of the tax payment obligations in the Area, and no reduction of registered capital. Enterprises which accept the support and then violate the commitment shall lose the supportive funds.

Article 3. [Project Settlement Award]: As for newly-established foreign-funded enterprises, those with actual-paid registered capital of 10 million USD and above (limited to investment by Fortune 500 corporations), 20 million USD and above, and 100 million USD and above, will have an award of 6 million yuan, 10 million yuan or 15 million yuan, respectively, after verification. 
As for newly-established domestic-funded enterprises, those with actual-paid registered capital of 50 million yuan and above (limited to large Central Enterprises, China Top 500 Enterprises or China Top 500 Private Enterprises), 100 million yuan and above, and 1 billion yuan and above, will have an award of 6 million yuan, 10 million yuan or 15 million yuan, respectively, after verification.

Article 4. [Operation Contribution Award]: When a headquarter enterprise reaches 500 million yuan with a positive year-on-year growth in business income, it will be entitled to 60 percent of its contribution to the Area’s economic development.

Enterprises newly-registered in 2017 after the implementation of the Measures will receive an award of 100 percent of their contributions to the Area’s economic development for three consecutive years starting 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 under Article 4 will receive n award of 10 percent of their due tax payment, and the annual award per person 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 awards under this article will be directly transferred to the individuals’ personal accounts accordingly. 

Article 6. [Office Housing Subsidy]: As for renting offices for self-use, eligible headquarter enterprises may enjoy a three-year subsidy of 50 yuan/sqm/month with annual subsidy no more than 3 million yuan. As for buying offices for self-use, eligible headquarter enterprises may enjoy a lump-sum subsidy of 10 percent of the total housing price with the maximum no more than 5 million yuan.

Article 7. [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 to 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 8. [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 9. As for the independent legal person regional sales headquarters invested and established by the Area’s existing manufacturing enterprise which has no less than two sole-funded or absolute controlling companies and sub-companies with one not in the Area, has annual contribution of no less than 5 million yuan to the Area’s economic development, and has registered capital of above 10 million yuan or annual business income of above 200 million yuan, the Measures are also applicable as a reference. 

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 a validity of three years. Evaluation and amendments will be made when the validity matures or relevant laws and policies change.

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