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28 New Policies for Investment Promotion Are Introduced in Xiaogan

2017-06-27  Xiaogan Daily     


“Various Favorable Conditions” are Provided in Xiaogan to Invite You to Invest

28 New Policies for Investment Promotion Are Introduced in Xiaogan

(I)

On June 21, four new policies for investment promotion with regard to investment promotion, industrial economy development, new energy vehicle, development of military-civilian industry and headquarters economy development were formally introduced in Xiaogan to reduce enterprise investment cost and reduce heavy burdens.
  
Xiaogan Municipal Party Committee and Municipal Government decided that since this year, investment promotion, project initiation for investment, promoting industrial economy operation and investment (hereinafter referred to as “two-investment and one promotion”) shall be taken as major measure and important object to accelerate development of Xiaogan, mobilize people in the whole city to focus on investment promotion, strive for project, expand investment with reform and innovation method and promote development of real economy.
  
To better complete investment promotion and project initiation for investment, form comparative advantages, create investment policy lowland, relax restrictions on market access, encourage effective investment, promote upgrade of investment promotion in Xiaogan, attract and motivate various market subjects in and out of the city to make investment in Xiaogan, Xiaogan Municipal Party Committee and Municipal Government made “combination blow” of investment promotion, and introduced four measures including Ten Measures on Investment Promotion (trial), Seven Measures on Promoting Industrial Economy Development (trial), Seven Measures on Promoting Development of New Energy Vehicle and Military-Civilian Integrated Industry (trial) and Four Measures on Promoting Headquarters Economy Development (trial) at one time to open up new pattern of investment promotion in Xiaogan.

(II)

Four measures including investment promotion involve 28 articles with inherent relevance. Measures of investment promotion focus on introducing increment; measures on promoting industrial economy development focus on expanding stocks; measures on promoting development of new energy vehicle and military-civilian integrated industry focus on optimizing industry; measures on promoting headquarters economy development focus on supplementing short slabs. The unification point lies in expanding increment, improving stocks and strengthening quality. They are all specific measures supporting development of real economy.
  
Ten Measures on Investment Promotion (trial) focus on industry projects, covering ten aspects, respectively land use, infrastructure construction, fixed asset investment, heavy assets, logistics, contribution, foreign capital, senior executive, intermediary and service, with a view to comprehensively reducing investment cost, attracting enterprises to invest with light burden, fast investment and early effect.
  
Seven Measures on Promoting Industrial Economy Development (trial) mainly involve supporting seven aspects, respectively supporting enterprise scale expansion, transformation, technical reform, linkage, striving for fund, talent, and cultivating “hidden champion” in the industry, with a view to encouraging enterprises to become big, excellent and strong.
  
Seven Measures on Promoting Development of New Energy Vehicle and Military-Civilian Integrated Industry (trial) focus on featured advantageous industries urgently needing introduction and development at city-level and support finished automobile production and supporting items of new energy vehicles; support seven aspects including settlement, capacity expansion, mixed reform, qualification, achievement transformation of military-civilian integrated enterprises.
  
Four Measures on Promoting Headquarters Economy Development (trial) focus on supplementing short slabs, strengthening function and increasing benefit and provide support in four aspects, respectively headquarters settlement, brand creation, headquarters migration, building economy.
  
It is learned that Xiaogan Government will also introduce several detailed implementation rules which will constitute a complete policy system of “two-investment and one promotion” along with four measures.

(III)

Four measures including investment promotion insist on highlighting policy advantages, expanding development foundation, enlarging increment, vitalizing stocks, grasping key points for development of real economy around supply-side structural reform to reflect the following characteristics:
  
Comprehensively reduce investment and operation cost. Investment and operation cost of industrial projects shall be reduced in aspects of land use, fixed asset investment, logistics, contribution, enterprise-related charging during settlement and construction as well as operation period. If actual investment in newly introduced fixed asset (plant and equipment) is 100 million yuan, infrastructure construction subsidy shall be provided at the standard of 50% of land transfer price and fixed asset investment subsidy shall be provided at the standard of 3% of investment amount of fixed asset. For newly introduced industry enterprises realizing annual tax paid over 20 million yuan within three years, subsidy can be provided at the rate of 5% of total annual logistics transportation expenses.
  
Energetically support scale expansion, transformation and upgrade of existing enterprises. Insist on treating introducing increment and expanding stocks, investment and transformation equally, support existing enterprises to become big, excellent and strong from scale expansion, transformation, technical reform, cultivating “hidden champion” in the industry. If the growth rate of existing enterprises with main business income over 100 million, 500 million, 1 billion, 2 billion and 5 billion in that very year reaches 10%, 15%, 20% and above and financial contribution at the current level is of positive growth, reward ranging from 50 thousand yuan to 1.5 million yuan can be provided. For industrial leading enterprises rated by national and provincial authority, single champion unit in the manufacturing industry announced and rated by the Ministry of Industry and Information Technology, demonstration enterprise announced and rated by provincial economy and information technology commission, one-time reward of 800 thousand yuan and 500 thousand yuan can be provided for each item.
 
Cultivate and expand military-civilian integrated development and other competitive industries. Focus shall be put on supporting military-civilian integrated enterprises and new energy automobile industry which are subject to investment promotion policies in Xiaogan. For example, newly registered military-civilian integrated enterprises with actual investment amount of fixed asset over 10 million yuan can be provided with reward of 100 thousand yuan at one time. For finished automobile production enterprises for new energy vehicle, if production qualification of new energy vehicle is obtained as specified by the country and it is listed into the national “directory for recommended vehicle type of promotion and application of new energy vehicles”, one-time reward of 50 million yuan can be provided after it is put into production.
  
Highlight brand introduction. Exert the advantage of Wuhan urban circle as a subcenter, actively develop headquarters economy, encourage introduction of global top 500 and Chinese top 500 enterprises. If identified headquarters enterprises are firstly evaluated as one of top 500 in Chinese service industry, one-time reward of 5 million yuan can be provided; if it is rated as one of top 500 Chinese enterprises for the first time, one-time reward of 10 million yuan can be provided.
  
Provide huge reward for investment promotion intermediary. If actual fund in place for fixed asset of newly introduced industry project is below 50 million yuan, the intermediary shall be provided with reward at the standard of 1‰ of investment amount in place; if it is between 50 million and 100 million yuan, the intermediary shall be provided with reward at the standard of 3‰ of investment amount in place; if it is above 100 million yuan, the intermediary shall be provided with reward at the standard of 4‰ of investment amount in place; if it is above 100 million yuan and global top 500 enterprises are introduced, the intermediary shall be provided with reward at the standard of 6‰ of investment amount in place.