To standardize investment promotion in central urban areas, further optimize the business environment, promote industrialization and commercialization, and accelerate the building of a regional center city, the Measures for Supporting Investment Promotion in Central Urban Areas of Jingzhou (Measures)have recently been released.

The Measures, including 15 articles, will come into effect as of November 4, 2021 and remain effective for 5 years. Investment promotion projects (including industrial technology renovation and capacity expansion projects) that were registered as independent business entities in Jingzhou District, Shashi District, Jingzhou Economic & Technological Development Zone (JETDZ), Ji'nan Eco-Culture & Tourism Area and Jingzhou High-tech Industrial Development Zone (JHIDZ), and have paid taxes according to law will be supported by the Measures.

The Measures include policies of land supply support, subsidies for newly increased investment in fixed assets, heavy assets construction support, subsidies for equipment relocation and factory renting, subsidies for logistics costs, incentive for financial contributions, financial support, business executives and talent support, subsidies for projects of revitalizing idle assets, incentive for headquarters economy, incentive for foreign investment, R&D and innovation support, and projects subject to case-by-case deliberation. High-tech industrial projects funded by enterprises among Fortune Global 500 and China's top 500 enterprises, central enterprises, large state-owned enterprises and companies listed on the Main Board, projects funded by national high-tech enterprises, industrial projects extending industry chains and promoting the development of industrial clusters, major headquarters economy projects, and industrial projects with a lump sum investment of 1 billion yuan or above each will preferentially enjoy these policies.

Compared with original investment promotion policies, in terms of land supply support, the Measures include land support for logistics and tourism projects, and encourage exploring a new model of industrial land use in JETDZ and JHIDZ for the first time; in terms of subsidies for newly increased investment in fixed assets, the Measures lower the incentive threshold to 50 million yuan, increasing subsidies from 4%-6% to 4%-8%; in terms of subsidies for equipment relocation and factory renting, the Measures set a threshold for investors' total tax payments and tax intensity, increasing subsidies from 50% to 50%-100% of rent; in terms of subsidies for logistics costs, the Measures raise the upper limit of annual total subsidies from 1 million yuan to 5 million yuan.