The following suggestions have been proposed to make significant efforts to attract foreign business and investment,accelerate the construction of Jingzhou to bravely be multi-polar bellwetherand finally realize Jinzhou’s goal of “ten-year revitalization”:
Strengthen role of the “No.1 Project” of attracting foreign business and investment
Attracting foreign business and investment is the “No.1 Project” of Jingzhou to promote its development of upgrading,catch-up growth, and revitalization. The entire city should make concerted effort to roll up our sleeves to work harder so as to create a new situation ofattracting foreign business and investment. All departments at all levelsshould actively carry out the new development thoughts and grasp the policyopportunities to perseverely strive for attracting and serving foreign business and investment by taking “success not contributing to me” as the guidance and “efforts made by me” as the responsibility. To further enhance organizational leadership,key personnel being responsible for attracting business by staying at foreign representativeoffices, and obtain new breakthrough in attracting big enterprises, large-scaleinvestment, and sound projects; further intensify the support in policies, andcontinuously optimize the investment environment; and strengthen the assessmentand motivation, pay attention to practical results, and provide powerful organizationaland work-style guarantee so as to make solid efforts to attracting foreignbusiness and investment.
Innovate methods, and optimize investment environment
Expand channels of attracting businessand investment. Based on featured industry, relying on dominant industry, andfocusing on industrial leading companies, to make full use of industrial chainto attract business and investment, bring in investment via business, attractbusiness via staying at representative offices and intermediary agents, exploremore channels, strengthen information analysis and integration, and improve the foreseeability, initiative, and pertinence. To strengthen the overall arrangementof the whole city, all districts should make great efforts to seek breakthroughin terms of featured industries and major investment projects by relying on 2-3dominant industries in accordance with the requirements of “one industry, oneplanning, one industrial preferential policy, one investment-attractingroadmap, and one leader”.
Innovate service mechanism. Vigorouslypromote reforms to streamline administration, delegate powers, and improveregulation and services. Strictly implement the support service of “oneproject, one leader, one special group, and one project secretary “for eachmajor investment projects, and realize the full-range agency service ofadministrative approval. Major approval involving upper government and relevantdepartments should be handled by the main heads of the project. Alladministrative service centers at all levels should set up green channels,carry out paralleling approval, improve approval efficiency, and serveinvestment projects.
Guarantee project land. Enhance thereform of land expropriation and reserve system, and actively reserve industrialland. Enhance the strength of land planning indicator, construction indicator,and demand-supply indicator, mainly support industrial projects, and guarantee theuse of industrial project land. Implement the policy of economical Intensiveland use, strictly follow the rule and regulation to intensify the clearanceforce of idle lands. To conduct other investment-attraction round ofhalt-product and half-halt-production projects so as to vitalize productionelements.
Strengthen the facility construction.Innovate the financing approach, and y facilitate appropriately advancedhardware infrastructure of industrial park. Industrial park can set up electricpower supply loops and substation facility for major projects and providestaged subsidies in terms of heating supply and gas supply.
Guarantee human resources. Set up andoptimize the platform of human resources. HR departments and vocationalcolleges should guarantee sufficient human resources for companies and providefast and convenient service of employment for companies. Establish and perfectthe green channels of “order training” and “job-oriented training” for attractedcompanies, conduct vocational skill training for companies, and give support ofemployment to companies in terms of teacher and capital. Adhere to attachingequal importance to “employee recruitment” and “keeping talents”, acceleratethe construction of public service facilities in terms of transportation,medical treatment, and education, promote production-city integration, andcreate sound life environment for employees.
Intensify thepolicy support of attracting business and investment
To carry out significant policy ofattracting business and investment targeting at hundred-million-above fixed assetindustrial projects while implement the policy of “one project one discussion”for major projects which would play leading role in promoting the industrialdevelopment.
Enhance the guarantee of landsupply. Land will be prior to dominant industry projects introduced by allindustrial parks. The lowest land price should be 70% of benchmark land priceof corresponding regions and industrial project lands are allowed to “rentalfirst and then transfer”and “flexible transfer”. Intensive lands are advocatedto set up multiple-floor factories in accordance with the standard of nationalland use. Awards will be given as per the practical production, RMB 5 millionat most.
Give subsidies to fixed assetinvestment. Industrial projects that are in accordance with the dominantindustry development planning of Jingzhou with actual implementing fixed assetinvestment of more than RMB 100 million will be given subsidies of 4%—6% of theoverall fixed asset investment and the fixed asset award amount shall notsurpass the actual land payment at most. Current companies that attract foreigncompanies to invest via technical upgrading and production expansion, jointventure, joint stock, and mergers and acquisitions will be given subsidies of 4%—6%of the new added amount once the new fixed asset investment reaches RMB 100million.
Give support to heavy asset. Leading industrialprojects once defined to be in accordance with industrial development planning,high technology component, great contribution, andone time fixed asset investment of more than RMB 500 million will be givensupport of heavy capital as per the companies’ demands. Governments in theproject can build factory facilities or purchase production equipment and the companywill buy back in five years after signing agreement. Companies who purchaseequipment via financing and rental will be given subsidies for three years asper the benchmark interest rate for bank loans over the same period. Leasedindustrial parks will reduce 50% of the rental fees in the previous two yearsin accordance with the prospective factory standard that are built based onindustrial development planning. Foreign companies that move from other city toindustrial parks in Jingzhou will be given subsidies to equipment relocation of2% of the capital assessment value, RMB 5 million at most.
Give support to industrial foundation.Provide support to dominant industrial projects via industrial foundation.Fixed asset of investment project reaching or surpassing RMB 1 billion can setup special foundation while that of more than RMB 5 billion can carry out anpreferential policy.
Give subsidies to logistics cost. Newintroduced companies with an annual taxation of more than RMB 10 million couldget cargo logistics subsidy within the amount of local taxation income and theannual subsidy in total shall not surpass 10% of the overall logisticstransportation fees, RMB 1 million at most for three years in a row.
Provide taxation awards. Companiesonce defined to be in accordance with the dominant industry development ofJingzhou will be given 100% award of the local retaining parts of corporateincome tax and value added tax submitted in the first three years (theretaining ratio was 17% before the “Transition from Business Tax to Value-AddedTax”) and 50% in the later three years; senior management personnel andhigh-level talents with an annual salary of more than RMB 0.3 million will begiven 100% of the local retaining parts of individual income tax in the firstthree years and 50% in the later three years.
Give awards to foreign investment.Overseas companies registered in Jingzhou, the fixed asset investment of whichreach USD 20 million, will be given one-time award of RMB 3 million once theyare put into production; key projects with investment of more than USD 50million will be given one-time award of RMB 5 million once they are put intoproduction.
Give economic support to headquarters.Headquarter companies once approved will be given the following awards andsubsidies: multinational enterprises that set up new headquarters will be givenaward of RMB 10 million at most; new functional institutions such as R & Dcenter, technological center, purchasing center, and settlement center as wellas foreign companies that obtain state-level or provincial-level innovation andstartup carrier platform will be given award in accordance with the standard ofRMB 3 million at most. Subsidies involving rental, purchasing and building newoffices of RMB 2 million at most will be given to headquarter company. Companywill be given 70% operation award of the local retaining parts of corporateincome tax and value added tax submitted each year for eight years. Companiesthat are defined as Chinese top 500 companies for the first time will be givenone-time award of RMB 10 million while ones that are defined as global top 500companies for the first time will be given one-time award of RMB 20 million.
All above preferential, awards andsubsidies shall be fulfilled in accordance with municipal and county fiscalmechanism.
Make solidefforts to take the responsibility of attracting business and investment
Set up work mechanism of “monthlyreport, dual-month dispatch, season practice, half-an-year settlement, and the end-of-the-yearreview” to attract business and promote investment. Departments and individualsthat have made great contributions to this work will be encouraged by reportand will be considered as important reference for cadres to be promoted.Persons who are meritorious to major investment projectswill be given 1‰ of the fixed asset investment, total amount not surpassing RMB1 billion. Main heads of local party committee and government who ranking thelast three in review of the year shall be cancelled the qualification ofappraisal. Departments taking the tasks of attracting business and promotinginvestment that don’t complete the annual task shall be cancelled thequalification of annual performance appraisal and evaluation and the same totheir main heads. In the processing of attracting business and promotinginvestment, mistakes and faults that have taken place as the results of groupdecision aiming at grasp the development opportunity, neither violatingregulations nor seeking for personal interest, shall be handled strictly inaccordance with relevant rules regulated by the Communist Party of China Jingzhou Municipal Committee; pay much attention to the punishment of work styles of negativeperformance and poor service in terms of business attraction and investmentpromotion. Cadres with rigid ideas who are in habit of always postponing everythingand damage the soft environment of investment will be severely punished as perrules.
If previous policies related to business attraction and investment promotion is not in conformitywith this Suggestion, this Suggestion shall prevail. The same market subjectcan enjoy multiple preferential policies in accordance with the requirementswhile policies that belong to same type and involve same contents can’t beenjoyed at the same time. Relevant departments shall formulate implementationrules. The detailed interpretation of this Suggestion shall be taken by theOffice of Communist Party of China Jingzhou Municipal Committee, the office ofJingzhou Municipal People’s Government, and related departments.