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Measures of Industrial Investment Invitation Promotion in Jingzhou Development Zone (Tentative)
Updated: 2013-06-01 11:02:03

Article1 In order to improve the investment environment, transform the economic developmentmode, encourage the investors to expand and implement their investment, promotethe municipal region's leap-forward development, based on the nation's laws, regulations,policies and the situation of the region, these measures are drafted hereby.


Article 2 The investors in these measures refer to domestic and foreign investorswho will invest in Jinzhou Development Zone.


Article 3 Broaden the market access scope. Any industry or project not specificallyprohibited by the nation's laws and regulations, and at the same time conformingto the nation's industrial policies, will be open to any investors from China andabroad. We encourage the investors to invest in the following areas:


(1) New strategic industries: New energy automobile and related projects; new technologyand new material for telecommunication; aviation and areospace related projects;biomedical and resource medicine projects with high technology and considerablemarket share; surface treatment and chip encapsulation; investment and service forgroup innovation space (GIS); innovative finance, internet finance and securitiestrade; environmental protection equipment manufacturing and service lease; theindustry-university-research projects of colleges like Changjiang University; constructionindustrialization projects focusing on the utilization of steel and iron.

 (2) Reform and upgrade the present projects: Equipmentand intelligent manufacturing; support of advantageous enterprises' improvementand upgrade projects for the industrial park; projects to improve the park's functions(bonded logistics center, special waste water treatment, third party heat supply,power supply at the ex-work price); projects promoting the industrial chain repair,extension and strengthening in equipment manufacturing, medicine, chemistry, electronicinformation, textile, and apparel, to make these industries recyclable, industrialized,and green; projects promoting the existing enterprises quality and efficiency enhancement,their reform, expansion and cooperation with external enterprises; projects promotingthe second investment invitation for stagnant or idling enterprises and projects.

 (3) New-type traditional industries: Mass-scalechemical projects based on the resource and recycling trend relating to salt, coal,docks and railways; dock and railway based bulk material and industrial chain extensionprojects; food and apparel manufacturing projects integrating famous brand and thefull utilization of local resources; CBD project to serve the finance development.

Article 4 Fixed asset investment awards. For any enterprise with investmentover RMB 100 million, conforming to the nation's industrial policies, with investmentvolume, tax rate and plot ratio meeting the national level development zone investmentstandards, it will be awarded with the following favorable polices based on itsinvestment scale:


(1) If an enterprise's real fixed asset investment ranges from RMB 100 million to300 million (excluding 300 million), a 4% of its investment amount will be rewarded.


(2) If an enterprise's real fixed asset investment ranges from RMB 300 million to500 million (excluding 500 million), a 5% of its investment amount will be rewarded.

 (2) If an enterprise's real fixed asset investmentranges from RMB 500 million to 1 billion (excluding 1 billion), a 6% of itsinvestment amount will be rewarded.


(4) If an enterprise's real fixed asset investment equals to or exceeds RMB 1 billion,the case will be handed to the Industrial Administration Council for a “case-to-caseevaluation”.

The aforementioned fixed-asset investment based award will be dividedinto two releases: the first release will be implemented upon the completion ofthe main building construction, and the second upon the project completion and operation. If the investor fails to reach the fixed asset investment amount accordingto the agreement, or fails to meet the deadline for project completion and operationspecified in the agreement, the aforementioned award policy goes null automatically.


Article 5 Industry supportive measures


(1) The Development Zone will set up exclusive fund to provide a consecutive 3-yearfinancial support for any newly invested contract fulfilling enterprise, from theday of its operation.


(2) The Development Zone will actively assist the enterprises to apply for supportfunds from government of higher levels.

Article 6 Talent recruitment fund. The Development Zone will allocatean exclusive fund for talent recruitment. Senior management and hi-tech talents(5 persons or less per enterprise under normal circumstances) recruited to workin a hi-tech enterprises can receive a consecutive 3-year support fund from theday of the talent's assuming the post.

Article7 Encourage enterprises to utilize the land economically. Industrial projects witha fixed asset investment under RMB 100 million will be guided to settle in the existingindustrial park. Verified hi-tech projects with a fixed asset investment under RMB50 million will receive a consecutive 2-year rent allowance of 3 yuan/m2/monthbased on the factory area; verified hi-tech projects with a fixed asset investmentbetween RMB 50 million to 100 million will receive a consecutive 2-year rent allowanceof 5 yuan/m2/month based on the factory area.

Article 8 The Development Zone will actively introduce third partyinvestment platforms to provide services like factory construction service, andassist the enterprises to negotiate with third party investment platforms on factoryrepurchase, etc.

Article 9 Awards for investment agents. The first information provider (excludingany official from the CPC, government, or functional departments) of a project witha fixed asset investment over RMB 100 million will be rewarded with 1‰ of thepractical project investment amount, with a maximum of RMB 500,000.

Article 10 The funds concerning allowances, supports or awards inthe aforementioned measures will be categorized into the government financial budgetand verified by a team consisting of officials from departments of finance, census,investment invitation, and investment promotion, and supervised for its implementation.

Article 11 The Development Zone leading group for investment shallbe responsible for the interpretation of these measures. These regulations shallbecome effective as of the date of promulgation. Agreementssigned prior to the promulgation of these measures will be executed based on theoriginal policies.


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