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Measures on Implementation of Incentives for Investment Solicitation Agencies Directly under the Governance of Xiaogan

Measures on Implementation of Incentives for Investment Solicitation Agencies Directly under the Governance of Xiaogan
(For Trial Implementation)


Article 1 These measures are hereby formulated in the spirit of Opinions of Xiaogan Municipal People’s Government, Xiaogan Municipal Party Committee, the Communist Party of China on Strengthening Incentives to Promote Municipal Leaping-over Economy Development (X.F [2012] No. 13) and Measures for Management of Xiaogan Municipal Industrial Development Fund (X.G.Z.G [2012] No. 5) to fully arouse the enthusiasm of all sectors of society in participating in investment solicitation and promote more projects set up in Xiaogan City and the “three zones” (Xiaogan High-tech Zone, Air-transportation Related Economic Zone, Twin Peak Tourist Resort) directly under the governance of Xiaogan.

Article 2 Incentives for investment solicitation agencies include awards for project information and project completion. Award for project information will be given on the basis of these measures in the spirit of document Measures for Management of Xiaogan Municipal Industrial Development Fund (X.G.Z.G [2012] No. 5). Award for project completion will be given according to Opinions of Xiaogan Municipal People’s Government, Xiaogan Municipal Party Committee, the Communist Party of China on Fully Supporting Leaping-over Development of the “Three Zones” Directly under the governance of Government (X.F [2013] No. 6) in the principle of “Award is given by those receiving benefits”.

Article 3 Object of award for project information refers to the unit or natural person providing effective information for Xiaogan and the “three zones” directly under the governance of Xiaogan to bring in investment projects outside administrative region of Xiaogan City Merchants outside the administrative region cannot apply for the incentives for their investment projects in the capacity of introducer. 

Article 4 The following four conditions must be satisfied simultaneously while applying for the award for project information:
(1) Beneficiary of the project tax is the municipal ministry of finance or ministry of finance of the “three zones” directly under the Municipality;
(2) The investment project meets requirements of Opinions of the Municipal People’s Government on Intensifying Investment Solicitation to Promote Economical and Intensive Management of the Land (X.G.Z.F [2013] No. 7);
(3) An investment contract related to the project has been formally signed;
(4) The project belongs to non-government investment project.

Article 5 Incentive standards of the award for project information shall be in accordance with the classified quota of project contract amount, without repeated award for a single project. Incentive standards of classified quota are respectively: 3,000 Yuan of award for project with introduced investment contract amount more than 50 million but less than 100 million; 5,000 Yuan of award for project with introduced investment contract amount more than 100 million but less than 500 million; 10,000 Yuan for project with introduced investment contract amount more than 500 million.

Article 6 The award is to be applied on an annual basis. The applicant is where the project is set up. The time of application is the first ten-day period of December every year. All applicants shall submit the project contract, identity document of the agency, and certification on the place in which the project is set up, as well as other data necessary to be provided in particular cases. A project can only be applied for the award once, and capital increase of the awarded project will not be given the award separately.

Article 7 The municipal leaders’ panel office responsible for investment solicitation will review the applied projects during the last ten-day period of December every year, and relevant functional departments including the Municipal Commercial Affairs Bureau (Investment Solicitation Bureau), Municipal Audit Bureau and Municipal Finance Bureau will put forward opinions on preliminary examination of incentives. The review results will be made public by the media to accept supervision of all sectors of society.

Article 8 After the municipal leaders’ panel responsible for investment solicitation submits the annual review results to the Municipal Government for approval, the Municipal Finance Bureau shall pay from the municipal industrial development fund to agencies deserving the award. The Municipal Audit Bureau shall be responsible for supervising the whole process.

Article 9 The awarded project must be launched within one year after signing the formal contract; failing to launch within one year subject to supervisory inspection, a notice of criticism shall be circulated to the applicant. If the beneficiary or project unit falsely claims the incentive bonus by presenting false information, or gains the incentive bonus by cheating through other improper means, legal liabilities shall be investigated and affixed by law while pressing for the paid bonus.

Article 10 These measures shall be valid for 4 years, from January 1, 2013 to December 31, 2017. Incentives for Investment Solicitation and Capital Attraction Agencies Directly under Xiaogan Municipality (for Trial Implementation) (X.G.Z.F [2008] No. 4) and Rules for the Implementation of Incentives for Investment Solicitation and Capital Attraction Agencies Directly under Xiaogan Municipality (X.G.Z.B.F [2008] No. 93) shall be repealed simultaneously.

Cc: Departments of the Municipal Party Committee, Xiaogan Military Subarea, People’s Organizations; Office of the Municipal Standing Committee of the National People’s Congress, Office of Municipal Political Consultative Conference Committee, Municipal Court, and Municipal Procuratorate.
Xiaogan Municipal People’s Government Office                 Issued on December 5, 2013

 

Xiaogan Municipal People’s Government Office Document
X.G.Z.B.F [2013] No. 76
                                                                               

Notice of the Municipal People’s Government Office on Issuing Measures for the Implementation of Incentives for Investment Solicitation Agencies Directly under Xiaogan Municipality (for Trial Implementation)

Management committees of the municipal high-tech zone, air-transportation related economic zone, Shuangfengshan tourist resort, and departments of the Municipal Government:
Measures for the Implementation of Incentives for Investment Solicitation Agencies Directly under Xiaogan Municipality (for Trial Implementation) has been approved by the Municipal Government and is hereby issued to you for observation and implementation.

 
Xiaogan Municipal People’s Government Office (seal)
December 5, 2013

 

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