Measures to boost the development of advanced manufacturing of Huangpu district and GDD

Article 1.  In order to carry out the spirit of the Notice of the State Council on Issuing the “Made in China (2025)” (Guo Fa [2015] No 28), 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), Opinions on Carrying out “Made in China (2025)” of Guangdong Provincial People’s Government (Yue Fu (2015) No 89) and Notice on Issuing “Made in Guangzhou (2025)” Strategic Plan of Guangzhou Municipal People’s Government (Sui Fu (2016) No 4), and energetically develop the district’s advanced manufacturing, the Measures are formulated in accordance with the situation of the district.

Article 2. The Measures are applicable to the enterprises or institutions, engaged in advanced industries, which have an 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 (hereinafter “the Area”), have a sound financial system with an independent legal person and independent business accounting and have made a 10-year-long commitment of no migration of registration or office locations, no alteration of the tax payment obligation in the Area, and no reduction of registered capital. Enterprises that accept the support and then violate the commitment will lose the supportive funding.

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 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 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 5 million yuan, 8 million yuan or 10 million yuan, respectively, after verification.

Article 4. [Operation Contribution Award]: When a company has revenue of 1 billion yuan and above or is one of the Top 50 Enterprise Contributors to the Area’s economic development, 15 percent of its contribution to the Area’s economic development will be granted to the company as an award which shall not exceed 50 million yuan.   
If enterprises with current-year revenue of 1 billion yuan and above and a year-on-year growth of 8 percent and above, with current-year revenue of 500 million yuan~1 billion yuan and a year-on-year growth of 12 percent and above, with current-year revenue of 100million yuan~500million yuan and a year-on-year growth of 15 percent and above, and have a positive growth in the contribution to the Area’s economy, they will have an award of 20 percent of their contribution to the Area’s economy. The awards can be up to 50 million yuan, but shall not be granted in a repetitive way to a company meeting the initial two items.
As for enterprises newly-registered in 2017 after the implementation of the Measures, those meeting the statistics threshold or making contribution of 1 million yuan and 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]: Up to 10 senior executives of enterprises (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) qualifying under Article 4 will receive an award of 10 percent of their payable taxes, not to exceed 3 million yuan per person. 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 the enterprise becoming an enterprise above the stated statistics threshold will have a lump-sum award of 50,000 yuan. The awards under this article will be directly transferred to the individual persons’ accounts accordingly. 

Article 6. [Transformation and Upgrading Award]: It encourages enterprises to expand investment and production, and to improve rational floor area usage without new land application. Those with expansion of production or storage area of 5,000 sqm and above will enjoy a lump sum award of 40 yuan/sqm, up to 2 million yuan per enterprise.
It encourages shut-down enterprises, low-efficiency enterprises or outbound enterprises for environmental protection reasons to make overall transformation and upgrade their projects. When new projects qualify under relevant standards previously promised, the project’s enterprise will enjoy an award of 1 percent of the newly-increased fixed assets investment of the new project, up to 50 million yuan; and the investor will enjoy an award of 2 percent of the newly-increased fixed assets investment of the new project, up to 100 million yuan. 

Article 7. [Industrial Interactive Development Award]: It is to encourage the Area’s enterprises to purchase from each other in an interactive development. An enterprise in the Area purchasing products and services from other enterprises in the Area with an annual purchase amount of 10 million yuan or more and a positive growth in business income will enjoy subsidies of 2 percent of its annual total purchase amount, not to exceed 2 million yuan annually per enterprise. The enterprise in the Area purchasing robot sets or robot production equipment from other enterprises in the Area with an annual purchase amount of over 2 million yuan and a positive growth in business income will enjoy subsidies of 5 percent of its annual total purchase amount, not to exceed 2 million yuan annually per enterprise.  
Enterprises which expand production through entrusted processing or product distribution and achieve business income of 500 million yuan and greater than 15 percent year-on-year growth will enjoy awards of 50 percent of the contribution of its expanded business to the Area’s economic development. 
Industrial associations which are legally registered and established, carry out activities according to their constitutions and serve the Area’s advanced manufacturing will enjoy an annual expense subsidy of 300 thousand yuan after verification.

Article 8. [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 respectively. 
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 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. 
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. Listed enterprises ascending the highest level will enjoy additional awards of 500 thousand yuan. Listed enterprises newly moving in to the Area will enjoy awards 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 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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