Measures for the Administration of Special Funds for Attracting Foreign Investment in Huangshan City (For Trial Implementation)

Article 1 The present Measures are formulated in accordance with the relevant provisions of the State Council and the provincial government, and in consideration of the actual situation of Huangshan City.

Article 2 The municipal government will set up special funds to promote investment in Huangshan City (hereinafter referred to as special funds). Special funds in principle will not be less than 20 million yuan. Part of the funds will be dedicated to the establishment of Huangshan City venture capital guidance fund. The amount of the guidance fund may be adjusted according to the annual implementation of the special funds.

Article 3 The work group of the city investment attraction will be responsible for the use of special funds management, decision-making, and supervision.

Article 4 These Measures shall apply to the introduction of a new type of industrialization, modern service industry and modern agricultural projects in line with the direction of the industrial development of our city. Specifically, they are:

 (a) green food, electronic information, cultural and creative industries, equipment manufacturing, green soft packaging, fine chemical industry, textile and garment industries;

 (b) the four major strategic emerging industries cluster development bases for green food, automotive electronics, green flexible packaging, and information technology services.

The existing enterprises, through capital increase or the introduction of foreign investment, can be treated as newly introduced projects. Hence, this article is also applicable to them.

Article 5 Favorable policies for the introduction of any of the world's top 500, the national top 500 enterprises or any project with the total investment surpassing 1 billion yuan will be discussed separately.

Article 6 For qualified enterprises, the government can invest directly through the platform to invest in equity or debt investment.

Article 7 Qualified enterprises can enjoy subsidies for loan interests, 100% of interests rate in the first year, 50% in the second year, 25% in the third year. However, annual interests subsidies for any individual project shall not exceed 3 million yuan.

Article 8 Projects of cloud computing, networking services, e-commerce, service outsourcing, industrial design and R & D institutions, cultural and creative information service that are newly settled in Huangshan Economic Development Zone and Huangshan Modern Service Industry Park can enjoy the same preferable land use policy as industrial companies. They can proceed with necessary documents and permits separately.

The information service enterprises mentioned in the preceding paragraph can enjoy rent subsidies for 3 years if they have leased Huangshan Economic Development Zone of Huangshan and Modern Service Industry Park or set up in the vacant buildings and other buildings for office operations. The project workers can enjoy the preferential policy of public rental housing.

Article 9 The newly introduced industrial enterprises can get subsidies if they build plants themselves. Subsidies will equal the actual amount of investment for fixed assets. Details can be found in the Management Regulations on the Special Funds in Support of New Type Industry Development in Huangshan City (Trial). Rent subsidies for 3 years can be granted to enterprises should they lease the plants in the parks provided by the government.

Article 10 The vice general or above, senior management personnel, associate senior professional and senior technicians of the qualified enterprises can enjoy corresponding awards in proportion to their contributions to the municipal revenue. They will also enjoy housing allowance of per person per month 2,000 yuan (for a period of 3 years); priority service coordination will be arranged for their children to go to school, to be employed, and to have medical care.

Article 11 Graduates from Huangshan University and Huangshan Vocational and Technical College in the city can have monthly allowance of 300 yuan / person for 3 years if they are contracted in industrial enterprises or information technology services and enjoy the preferential policies for public rental housing. Foreign university graduates will have the same preferential policy as the local graduates.

Article 12 The introducer will be awarded for the successful introduction of qualified enterprises as indicated in the Interim Measures for Investment Referral in Huangshan City upon verification. An incentive award not more than 10,000 yuan will be granted after project contract registration. 50% of the reward will be given after construction begins and more than 60% of the investment amount has completed; the rest reward will be given upon the completion of the construction and operation of the enterprise.

Article 13 Qualified enterprises can also be supported by the special funds set up or encouraged by the municipal government, as indicated in the two regulations of Regulations on the Management of Angel Investment Fund (Trial) and the Management Regulations on the Compensation instead of Loan of Public Financial Funds in the Support of Enterprises in Huangshan City (Trial).

Article 14 An investment service mechanism shall be established to ensure full service for the investment attraction.

No charges or fees other than the listed items shall be solicited from the investing enterprises by any person or government agency.

Committee for Economic Development and Reform, departments of agriculture, tourism, culture and other departments should prepare for the lists of investment projects and provide feasibility studies. The required funds for the preparation can be budged and allocated in the special funds.

Article 15 Qualified investment projects, recommended by the Huangshan Economic Development Zone, Huangshan Modern Service Industry Park or their superior departments will be filed and reported to the municipal working group for investment attraction with information of the project investment intensity, tax, value, and project progress.

The Investment Promotion Work Group will review the projects and relay the results to the municipal investment leading work group for approval.

The City Bureau of Finance, with the approval of the City Investment Work Group, will be responsible for special funds appropriation, liquidation and daily monitoring, as well as reviews on the guidance effect of the special funds, social benefits, risk control, internal management, special funds withdrawal and sustainability, and overall performance appraisal. Regular report of the fund use will be filed to the City Investment Work Group.

Article 16 Preferential policies will be executed in the same tax category reflected in their annual budget report.

Article 17 All the previously published policies will cease to be effective if they are contradictory to the Measures. Contracts signed before and still effective shall continue to be carried out with the spirit of respect for history, mutual trust and honesty so as to ensure peaceful transfer.

Article 18 The implementation details of the Measures will be formulated by the municipal investment department and the municipal financial department. They are also responsible for the execution of the implementation details.

Article 19 The municipal investment department and the municipal finance department are responsible for the interpretation of the Measures.

Article 20 The Measures shall come into force as of the date of promulgation.