Jinan Municipal People’s Government Document
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Jinan Municipal People’s Government Document

 

JIZHENGFA (2017) No.21

 

Jinan Municipal People’s Government

The Notice on Measures of Actively Utilizing Foreign Investment

 

To all departments of the municipal government, and each county and district people’s government,

In order to thoroughly implement the spirit of the Notice on Shandong Provincial Government’s Measures of Actively Utilizing Foreign Investment (Luzhengfa (2017) No.16), raise the level and quality of utilizing foreign investment, accelerate the construction of new open economic system, better promote supply-side structural reform and the conversion of the new and old driving forces, and assist to create four centers, and build modern spring city, hereby a notice is given as follows regarding relevant matters:

     I. Expand the utilization of foreign investment. Implement the Industrial Guidance Catalogue of Foreign Investment and the relevant policies and regulations, further expand the utilization of foreign investment in service and manufacturing industries etc. Promote the implementation of the industrial access system focused on negative list, for those industries, fields, and business apart from the negative list for market access and the special management measures of foreign investment access, foreign-invested enterprises (with the registration place in our city, including the enterprises invested in Hong Kong, Macao, Taiwan similarly hereinafter) can enter equally according to law. Proactively encourage the foreign investment to participate in the Public-Private-Partnership of the infrastructure and public service field, and create a market environment in favor of various investors to enter with equal access. (The division of the work shall be shared as per duty by Municipal Bureau of Finance, Municipal Development and Reform Commission, Municipal Invest Promotion Bureau)

II. Expand the utilization of foreign investment. As most as 10 million yuan shall be rewarded to the foreign-invested enterprises as per 1 percent of the actual foreign capital amount received of the registered capital of the certain year. For the manufacturing projects by the top 500 enterprises (the annual rankings on Fortune Magazine shall prevail, similarly hereinafter) that settle in our city, as most as 10 million yuan shall be rewarded to the foreign-invested enterprises as per 2 percent of the actual foreign capital amount received of the registered capital of the certain year. We encourage overseas multinational corporations and platforms to establish headquarters in Jinan, the newly purchased or self-built office occupancies by the headquarters corporate enterprise, as per the regulations under Jinan Municipal People’s Government on Issuing the Notice of the Ten Great 100-billion-yuan scale Industrial Revitalization Plans(JIZHENGFA(2017) No.3), a one-time subsidy as most as 5 million yuan shall be rewarded as per 2 percent of the price of building cost or house purchasing contract,; those who set up the functional organizations of  compiling tax payment including purchasing centers, financial management centers, settlement centers etc., the method of one project one discussion shall be studied and adopted to provide support. (The division of the work shall be shared as per duty by Municipal Bureau of Finance, Municipal Development and Reform Commission, Municipal Invest Promotion Bureau).

III. Expand the channel of taking advantage of foreign investment. Encourage the enterprises(with the registration place in our city, similarly hereinafter) to list abroad for financing, for the enterprises that get listed and financed in foreign stock exchange, a subsidy of 5 million yuan would be rewarded at one time. As for the round-tripping, as most as 10 million yuan shall be rewarded as per 1.5 percent of the actual foreign capital amount received of the certain year. Encourage the foreign companies to participate in the reshuffle and restructuring of the traditional enterprises by means of merger and acquisition, and as most as 10 million yuan shall be awarded as per 1.5 percent of the actual foreign capital amount received of the certain year after the merger and acquisition. Support the enterprises with good credit status, standard management and strong ability of debt paying to issue bonds overseas. Proactively struggle for the loans from international finance corporations and foreign government in the field of urban infrastructure, energy conservation and emission reduction etc. (The division of the work shall be shared as per duty by Municipal Financial Office, Municipal Invest Promotion Bureau, Municipal Bureau of Finance, and Municipal Development and Reform Commission)

IV. Strengthen the efforts to introduce technology. Support foreign investment to participate in the strategy of innovation driving development, encourage foreign investment to strive to develop new technology, new industries, new form of industries and new pattern, and push forward to implement the Industrial intelligence, intelligent industrialization, trans-boundary integration and high-end branding. Encourage the foreign-invested enterprises to build high-level RD institutions, support the domestic and foreign enterprises and RD institutions to conduct RD cooperation, and provide financial support as per the relevant documents. As for the foreign merchants that hold shares of the city’s enterprises by means of overseas advanced technology and play an important role in the work of the conversion of new and old driving forces, the method of one project one discussion shall be studied and adopted to provide support through comprehensive review. (The division of the work shall be shared as per duty by Municipal Science and Technology Bureau, Municipal Invest Promotion Bureau, Municipal Bureau of Finance)

V. Accelerate the pace of industry attraction. In addition to the above-mentioned rewards under article two, the municipal industrial development fund can support the introduction as regards market-oriented approaches or the ways accepted by all parties with regard to the world top 500 or industry-leading or major industrial projects invested by foreign merchants with the investment volume over 1 billion yuan featured with outstanding role of industrial agglomeration, high technology content, strong driving forces and broad prospects, and the demand of margin requirements could be considerably lowered by taking the method of one project one discussion to be studied and adopted to provide support. (Divide the work by duty among Municipal Invest Promotion Bureau, Municipal Bureau of Finance, Municipal Development and Reform Commission, Jinan Industrial Development Investment Group)

VI. Strengthen the introduction of excellent talents. Render the support to the high-end innovative and entrepreneurial talents and the teams that have key technology, lead emerging industries, and drive the transformation and upgrading as per the Municipal Party Committee and Municipal Government’s Implementation Opinions on Deepening the Reform of  Institutional Mechanisms of Talent Development to Promote Talent Innovation and Entrepreneurship (JIFA (2017) NO.16). As for the senior executives of the newly-built headquarters corporate enterprise5 persons at most for each enterprise in principle, a work subsidy of 500 thousand yuan to 2 million yuan  shall be rewarded per year in the previous three years as per the regulations of JIZHANGFA (2017) NO. 3 Document, and enjoy special preferential service in the aspects of education, medical treatment, housing, household, social security, entry and exit administration etc. as per JIFA (2017) No. 16 Document. (The division of the work shall be shared as per duty by Municipal Human Resource Social Security Bureau, Municipal Development and Reform Commission, Municipal Bureau of Finance, and Municipal Investment Promotion Bureau).

VII. Encourage foreign investors to make reinvestment after tax. As most as 10 million yuan shall be rewarded as per 1.2 percent of the transferred share, capitalization of share premium or the total volume for those foreign merchants who directly use the distributed profit from the investment enterprise for transferring shares, transferring to paid-in capital or setting up new foreign-invested enterprises. And those belong to the top 500 companies’ projects (manufacturing industries) as most as 10 million yuan shall be rewarded as per 2.3 percent of the transferred share, capitalization of share premium or the total volume. (The division of the work shall be shared as per duty by Municipal Investment Promotion Bureau, Municipal Bureau of Finance, and Municipal National Tax Bureau).

VIII. Support the foreign merchants to invest lands for project. Both foreign-invested enterprises and domestic-invested enterprises apply equally to the relevant land use policies. Continue to give priority to supply land for the encouraged foreign investment industrial projects of the intensive land use, and the starting price of land leasing can be executed as per 70 percent of National industrial land leasing minimum price standard no lower than the corresponding land grade in the region after submitting the municipal government for approval. (The work shall be in the charge of Municipal Land Resources Bureau)

IX. Create a premium business environment. Build a consultation mechanism for foreign investors of information sharing and major issues, move forward service window, and implement a whole-process, personalized and specialized service for foreign investors. Accelerate the construction of international communities or apartments supported by international schools and hospitals, provide convenience in the aspects of medical insurance, entrance of family, and transaction of certifications, and provide international work and life environment for the investors. The title of Honorary Citizen shall be awarded to those foreigners, overseas Chinese and other people outside the city who have made great contributions to the development of our city after study and determination amenable to process. (The division of the work shall be shared as per duty by Municipal Investment Promotion Bureau, Municipal development and reform commission, Municipal Trade and Industry Bureau, Municipal Education Bureau, Municipal Health and Family Planning Commission, Municipal Public Security Bureau, Municipal Foreign and Overseas Chinese Affairs Office etc.)

X. Compact the entity responsibility of foreign work. Encourage each county and district (including Jinan High-tech District, similarly hereinafterto introduce policies in line with the principle of specialization and differentiation in the aspects of the construction of public technology platform and public service platform construction, and reducing enterprise operating cost, and lead the development of industrial agglomeration. The investment and financing platforms of county, district and the municipal levels is required to consider the introduction of foreign investment as an important aspect to construct a new open economic system, and practically undertake the entity responsibly. Rewards shall be given for the units who complete the targeted tasks with outstanding achievements; and the qualification of assessment and evaluation shall be cancelled for those who fail to complete the tasks. The division of the work shall be shared as per duty by Municipal Investment Promotion Bureau, The investment and financing platforms of county, district and the municipal levels).

The supporting funds for the mentioned-above policies shall be borne by the municipal finance for 50 percent, and the rest shall be borne by the county and district finance supporting.

The notice shall be put into force since the date of Oct. 1, 2017 with the period of validity of three years.

                                                                                       Jinan Municipal People’s Government

                                                                                                  Nov. 4, 2017

 

Copy to: each department of the municipal party committee, the municipal General Office of the NPC Standing Committee, the municipal General Office of the Chinese People's Political Consultative Conference, Jinan Garrison Command, Municipal People’s Court, Municipal People’s Procuratorate

The General Office of Jinan Municipal People’s Government

Printed on Dec.4, 2017

 






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