All the People's Governments at town level and Sub-district Administrative Offices, all the commissions, offices and administrations/bureaus under the jurisdiction of the People's Government of Huairou District, and all organs or institutions subordinate to Huairou District.

For that the Special Financial Support Policies to Promote the Transformation and Development of Regional Economy in Huairou District (the Policies below) had been reviewed and approved during the 5th Executive Meeting by the People's Government of Huairou District in 2016, this is to hereby issue the Policies for your further and strict implementation.

Special Financial Support Policies to Promote the Transformation and Development of Regional Economy in Huairou District

The Policies are hereby formulated to give full play to the guidance and promotion of policies , ensure the smooth relocation of all functions non-essential to Beijing's role as the nation's capital to neighboring areas and undertaking of high-quality industrial projects, facilitate the transformation and upgrading of existing industries, and accelerate the construction of  "high-grade and sophisticated" industrial structure so as to achieve a differentiated, sustainable, and high-quality economic development in Huairou under the new economic development normal.

I. Conditions on policy support

The enterprise (project) or economic organization that is established, or under construction or implementation in Huairou shall meet the following conditions to apply for the special financial support policies hereunder:

(I) It complies with the relevant laws and regulations of China and Beijing Municipality, as well as the functional strategic planning of Huairou District;

(II) It meets the industrial policy requirements of China, Beijing Municipality and Huairou District;

(III) Its project implementation conforms to the overall land use planning and new city planning of Huairou District;

(IV) It complies with the relevant indicators including environmental protection, energy saving and consumption reduction in Huairou District;

(V) It goes through all the formalities including the industrial and commercial registration, taxation and statistical registration in Huairou District under relevant laws and rules (except on special provisions);

(VI) Its newly-introduced project meets the project admission standards of Huairou District.

The enterprise that has been included in the List of Enterprises Relocating from Huairou District can only apply for the special financial policies for industrial adjustment and relocation of all functions non-essential to Beijing's role hereunder.

II. Special financial support policies

In order to promote transformation and upgrading of the industrial structure comprehensively, the following special financial support policies are developed, respectively for promoting development of emerging industries, improving the quality and efficiency of local enterprises, speeding up development of small-/medium-sized enterprises, as well as relocation and adjustment, etc.

(I) Special support fund for the development of emerging industries

The fund aims to support development of industries in line with the functional planning of this district, including a total of 8 financial support policies covering promotion of cinema & TV culture, technological innovation, conferences & exhibitions, etc.

1. The special support fund to promote development of cinema & TV cultural industry shall be applied in the Cultural Promotion Center of Huairou District.

The following financial supports shall be given to the leading cinema & TV projects that enter in the China (Huairou) Cinema & TV Industrial Demonstration Park, the vital enterprises involving investment production, post-production, transaction & distribution, theater headquarters, etc. in the industrial chain, as well as any others identified as key cultural and creative projects. Financial supports shall be offered to the key enterprises /projects in cinema & TV industry, and cultural & creative industry outside the above-mentioned demonstration zone with reference to relevant policies upon approval. 

(1) Subsidies for incubation and start-up.

A rental subsidy for the lease area no more than 400 square meters for 3 consecutive years will be granted to the tenant enterprise that enters in industrial incubation platform from the start date of lease, specifically, at a rate of 100 percent in the first year, 60 percent in the second year, and 40 percent in the third year, provided that the cumulative subsidy total is limited to CNY1 million.

(2) Subsidies for revitalizing resource

A certain amount of subsidies shall be given upon approval, to the investors that make use of idle and inefficient resources in the demonstration zone to develop cinema & TV or major cultural and creative projects in the form of purchase, construction, reconstruction and lease, etc., and have total investment meeting the following standards.

Subsidies for purchase and construction; According to project positioning, investment evaluation and other respects, the investor with a total project investment up to CNY 20 million or more shall be subsidized with no more than 15 percent of the total investment, specifically CNY 10 million at most in the varied stages of acquisition completion, completion, equipment filling and operation.

Subsidies for modification; According to project positioning, investment evaluation and other respects, the investor with a total project investment up to CNY 20 million or more shall be subsidized with no more than 15 percent of the total investment, specifically CNY 10 million at most in the varied stages of completion, equipment filling and operation.

Subsidies for rental; According to project positioning, investment evaluation and other respects, the investor with a total project investment up to CNY 10 million or more shall be subsidized with no more than 50 percent of the rental per year for 5 consecutive years, cumulatively CNY 2million at most, after the project gets started.

(3) Subsidies for major projects.

On a case-by-case basis and according to project positioning, investment evaluation and other respects, the key project in cinema & TV industry and cultural & creative industry, shall be subsidized with no more than 30 percent of its total investment, specifically CNY 30 million at most in the varied stages of foundation, completion, equipment filling and operation.

2. The special support fund to promote the development of scientific and technological innovations shall be applied in the Science and Technology Commission of Huairou District.

In addition to active application for national and municipal policies, the following financial support policies shall be granted to the cluster of technology firms that can incubate and expedite development of technology enterprises, and the enterprises with proprietary intellectual properties and strong innovation capacity to accelerate the construction of Huairou Science City.

(1) Support fund for technology-based enterprise incubation platforms.

Subsidy for investment in incubator (accelerator); the technology enterprise incubator (accelerator) that (i) meets the admission standard or criteria, (ii) occupies an area of 2,000 square meters (or above) (including 2/3 of the site area used by incubated enterprises), and (iii) incubates up to 20 (or above) enterprises shall be subsidized with 30 percent of its total construction investment at a one-off maximum amount of CNY 3 million.

Subsidies for rental of tenant enterprises ; the technology-based enterprise that enters an incubator (accelerator) for incubation or acceleration of development shall be subsidized with a rental allowance on the condition that the lease area does not exceed 200 square meters, specifically at a subsidy rate of 100 percent in the first year, 60 percent in the second year, and 40 percent in the third year, for three consecutive years, and the cumulative maximum shall not be more than CNY 500,000.

Subsidy for operation of Mass Innovation Space; the Mass Innovation Space that meets the admission standards shall be granted a one-off maximum of CNY 500,000 as an operating capital subsidy.

(2) Support fund for enterprise technological innovation

Encourage enterprises to increase R&D investment. The enterprise with proprietary intellectual properties (i), the investment no less than CNY 5 million in research and development in the year, (ii) certain scientific research achievements, and (iii) realization of industrialization of these achievements in Huairou, shall be selected and funded with 10 percent or less of the actual investment in R&D of the project, and at a maximum of CNY1 million.

3. Special support fund for promoting the development of conference and exhibition industry shall be applied in the Commerce Commission of Huairou District.

The following financial supports will be offered to the enterprise that brings in major international and domestic high-end conferences & exhibitions, and makes major convention & exhibition service providers settle in or set up their branches in Huairou for the purpose of speeding up the international exchanges in the New Zone construction.

(1) Support for brand exhibitions. The following financial support shall be granted to one of the organizers, contractors, and venue providers (collectively referred to service provider) of any domestic conferences, international conferences, continuous conventions and exhibitions, or any conferences and exhibitions certified by some international organization in Huairou District.

Support for domestic conference: domestic conference service provider shall enjoy a one-off financial support of 10 percent of its actual consumption in Huairou, at a maximum amount of CNY 150, 000. Five at most, of the best venue providers, who hold conferences with individual consumption amount no more than CNY 1 million in Huairou shall be chosen to enjoy a financial support every year.

Support for international conference: international conference service provider shall enjoy a financial support of 12 percent of its actual consumption in Huairou, at a maximum of CNY 300,000.

Support for continuous exhibitions: a financial support shall be offered to the service provider that holds exhibition in Huairou for three consecutive sessions with the actual consumption amount no less than that of the previous session. Specifically, the support amount for next session will be increased by 20 percent over the previous session, and the project shall not enjoy the support for more than three of its sessions.

Rewards for internationally certified conventions and exhibitions:  apart from above-mentioned financial support, the conference or exhibition certified by international organizations such as ICCA and UFI, etc., shall be additionally offered a one-time reward of CNY 200,000.

Rewards for major brand conventions & exhibition events: for the brand conference / exhibition event with significant international and domestic influence held in Huairou, the Commerce Commission of Huairou District shall apply to the Development Association of Convention and Exhibition Industry of Huairou District for rewards on a case-by-case basis according to its scale and influence.

(2) Rewards for exhibition service enterprise. The convention and exhibition service provider (except for venue provider) that (i) is registered in Huairou or sets up branches, and (ii) gains an annual revenue up to CNY 10 million (inclusive), CNY 30 million (inclusive) or CNY 50 million (inclusive) for the first time, shall be respectively offered a one-off reward of CNY 200,000, CNY 500,000 or CNY 1 million at most.

(3) Support for office rental subsidies. The major convention or exhibition enterprise (organization) that is newly registered, sets up branches and rents office within 500 square meters in Huairou, shall be annually subsidized with no greater than 30 percent of its rental for five consecutive years, from the start date of lease. The cumulative total of subsidy shall not be greater than CNY 3 million.

4. The special support fund for promoting development of the tourism industry shall be applied in the Tourism Commission of Huairou District.

The following financial supports shall be granted to leisure & entertainment resorts, the new tourism, large-scale tourism enterprises settling in Huairou, the tourist scenic spot upgrading project, tourist product development and sales, and rural tourism quality upgrading, etc., to accelerate creation of a high-end leisure tourism destination in Huairou.                     

(1) Subsidy for investment.

Subsidies for investment in leisure and entertainment project; the newly-built comprehensive high-end leisure & entertainment project or tourist attraction with an AAA rating or above with an investment of CNY 50 million or more, shall be subsidized with no more than 10 percent of its total investment, and the maximum subsidy shall not exceed CNY6 million; the above-A scenic spot to be upgraded or modified with an investment no less than CNY 10 million (inclusive)shall be subsidized with no more than 10 percent of its total investment.  The maximum subsidy shall not be more than CNY 2 million; the accommodation unit that upgrades or modifies its facilities with an investment no less than CNY 20 million (inclusive) shall be subsidized with no more than 10 percent of the total investment of its project, and the maximum subsidy shall not be more than CNY 3 million.

Subsidies for investment in new tourism project; any of these new tourist business projects as health and rehabilitation, cultural tourism, and RV camps with an investment more than CNY 20 million (inclusive), shall be subsidized with no more than 10 percent of its total investment, and the maximum subsidy shall not be more than CNY 3 million. The rural tourism development project that sets up rural tourism cooperatives or attracts in hotel management companies to develop some rural hotel item by use of idle rural homesteads with an investment of CNY10 million or more shall be subsidized with no more than 10 percent of its total investment , and the maximum subsidy shall not be more than CNY 2 million.

(2) Rewards for registration of big tourism enterprise. To encourage well-known domestic and foreign large-scale tourism enterprises (including travel agencies, etc.) to register or set up branches in Huairou, we shall offer the large-scale tourism enterprise or branch that (i) is registered and has run for more than 1 year in Huairou, and (ii) gains an annual revenue of CNY 50 million (or above) or CNY 100 million (or above) for the first time, a one-off reward of no more than CNY 500, 000 or CNY1 million.

(3) Rewards to the scenic spot for reaching standard. A financial reward of no more than CNY 200,000 shall be offered to a newly rated national AAA rated tourist attraction; a one-off financial reward of no more than CNY 500,000 shall be offered to a newly rated national AAAA tourist attraction; a one-off financial reward of no more than CNY 1,000,000 shall be offered to a newly rated national AAAAA tourist attraction.

(4) Support for development and sales of tourist products. To encourage enterprises to develop and produce tourist products with Huairou elements, we shall offer the tourist product that competes in the "Beijing Gifts" Tourist Product Contest in the year a certain amount of one-off financial supports, i.e. CNY 200, 000, CNY 150,000, CNY 100,000, CNY 50,000 respectively for winning the gold, silver, bronze, and excellence awards. The tourist product that won the Gold, Silver, Bronze, or Excellence Award in the "Beijing Gifts" Tourist Product Contest in previous year and is sold in Huairou Tourist Product Stores with an annual revenue of CNY 500,000 or more shall be rewarded with 3 percent of its sales income, and the total amount of reward shall not be greater than CNY150,000.

(5) Rewards for upgrading rural tourism project. To encourage and support rural tourist villages to improve their operation and management, and promote transformation and upgrading,, we shall offer a one-off reward of no more than CNY 1 million to any of the operators that (i) is a rated as a starred tourism village by the municipal and district-level tourism management departments with an investment of CNY 1 million or more, (ii) compliant with the rural tourism development planning, equipped with complete public service facilities, (iii) has remarkably efficient tourist cooperation organization, (iv) actualizes the Smart Tourism and other related conditions, and (v) is operated by tourism cooperation organization or experienced enterprise. And the reward shall be given to operators of eight villages at most every year.  

5. Special support fund for promoting development of headquarters economy shall be applied in the Commerce Commission of Huairou District.

The policies and measures to promote the development of headquarters enterprises in Beijing shall be actively implemented to attract and develop more headquarters enterprises in Huairou so as to create a new economic development zone for headquarters in full force.

(1) Supporting fund for implementing municipal-level and district-level policies. According to Measures on Implementation of Certain Provisions for Encouraging Multinational Corporations to Establish Regional Headquarters in Beijing (Jing Shang Wu Zong Bu Zi [2016] No. 3) , and Measures on Implementation of Relevant Provisions for Promoting Development of Headquarters Enterprises in Beijing (Jing Shang Wu Zong Bu Zi[2016] No. 4) , a certain amount of supporting fund and subsidy shall be given to any headquarter enterprise (except for financial headquarter enterprises) that is newly-introduced, included in statistical record of Beijing Municipality's Headquarter Enterprises and eligible, and any intermediary organization with outstanding contributions, which is included in the Economy Intermediary Organization Database of Beijing Municipality Headquarters

(2) Rewards for newly-settled headquarters enterprises. The newly -established enterprise that has been identified as headquarters shall be granted a one-off reward no more than CNY 3 million, at a rate of 40 percent (in first year), 30 percent (in second year), and 30 percent (in third year) during three years. The regional headquarters of the Global Top 500 companies, large-scale central enterprises, and well-known domestic private enterprises may be rewarded on a case-by-case basis.

(3) Subsidies for self-built or purchased office spaces. Besides Beijing Municipality's policies and measures on speeding up development of headquarters enterprises, we shall generally offer a subsidy of no more than CNY1, 000 per square meter for its self-used purpose, at a maxim amount of CNY 3 million to the headquarter enterprise (i) that has been newly registered or settled in Huairou, (ii) achieves a revenue of CNY 500 million or more within one year, and (iii) has self-built or purchased office space. The subsidy will be paid in installments of 5 years, at a rate of 20 percent per year. Regional headquarters of multinational companies shall be subsidized pursuant to municipal-level policies.

(4) Rewards for asset-light headquarters enterprises. The newly-registered asset-light enterprise that holds assets of less than CNY100 million (except for technological innovation quasi-headquarters companies ), and pays total taxes of CNY 2 million or more to the district-level taxation departments, upon identification, shall enjoy the financial support for regional headquarters and multinational company headquarters in Article 22 (ii), Chapter 5, Policies to Promote Regional Economic Development in Huairou District (Trial) (Huai Zheng Fa [2013] No. 3).

6. Special support fund for promoting development of financial industry shall be applied in the Development and Reform Commission of Huairou District.

To actively implement relevant policies and measures of Beijing Municipality to promote development of financial industry, we shall offer the following financial supports to the financial enterprise that is established as an independent legal entity with the permission of the National Financial Supervision Department, and any of the quasi-financial enterprises that is established as an independent legal entity with the permission of the Beijing Municipality Financial Affairs Bureau to accelerate development of financial industry.

(1) Rewards for executives. Upon identification, the enterprise executive shall be rewarded with no more than 40 percent of the individual income tax.

(2) Additional lump-sum financial subsidy. Besides the implementation of Opinions on Promoting Development of the Capital's Financial Industry (Jing Fa Gai [2005] No. 197), we shall additionally offer a one-off subsidy of CNY 2 million to any of the financial institutions that makes a district-level tax contribution of CNY 10 million or more within the first tax year after its registration.

(3) Subsidies for purchasing and renting office space. The enterprise that purchases office space shall be subsidized at a rate of CNY1, 000 per square meter, and the total amount shall not exceed CNY 2 million. The enterprise that rents office premises shall obtain a rental subsidy for 3 consecutive years, specifically at a rate of 50 percent in the first year, 30 percent in the second year, and 10 percent in the third year from the start date of lease, provided that the subsidy area does not exceed 1,000 square meters, and the total subsidy shall not exceed CNY1.5 million.

(4) The equity investment fund enterprise that complies with relevant provisions of Opinions on Promoting the Development of Equity Investment Fund Industry (Jing Jin Rong Ban [2009] No. 5) may benefit from the corresponding policy, As for the financial institutions and quasi-financial institutions with outstanding influence, such as securities companies, insurance companies, and Internet financial companies, etc., the Development and Reform Commission of Huairou District  shall apply to the Huairou District People's Government for more competitive rewards on a case-by-case basis according to their size and influence.  

7. Special support fund for promoting development of e-commerce industry shall be applied in the Commerce Commission of Huairou District.

In order to attract well-known domestic and foreign e-commerce companies to register in Huairou and encourage local enterprises to develop e-commerce applications, we shall offer the following financial supports for the purpose of improving the overall development level of e-commerce in Huairou.

(1) Support for newly introduced e-commerce enterprises. We shall offer one-off reward of no more than CNY3 million to any of domestic and foreign well-known e-commerce enterprise settlement centers in such fields as B2B (business-to-business), B2C (business-to-consumer), O2O (online-to-offline), etc., which is newly established in Huairou,  and any of the corporate headquarters with settlement function and an annual online retail sales amounted to CNY200 million or more.

(2) Encourage the newly-introduced e-commerce companies to purchase and rent spaces; the e-commerce company that is newly settled in Huairou and has an online retail sales of CNY100 million or more shall be granted a subsidy of CNY1,000 per square meter for office space purchase, and the total amount shall not exceed CNY2 million; it shall be granted a rental subsidy for 5 consecutive years, at an annual subsidy rate of no more than 30percent from the start date of lease, and the cumulative total amount shall not be more than CNY2 million on the condition that the rented office space area does not exceed 1000 square meters.  

(3) Encourage development of new e-commerce business. The measure aims to encourage local high-quality enterprises to conduct commodity wholesale and retail business activities, establish e-commerce subsidiaries, and promote integration of the "Internet+ Agriculture /Industry/Service" via the Internet and mobile terminals. The enterprise with the online annual retail sales up to CNY5 million or more shall be granted with a one-off reward of CNY100, 000; the enterprise with the annual online retail sales up to CNY30 million or more shall be granted with a one-off reward of CNY200,000; the enterprise with the annual online retail sales up to CNY50 million or more, shall get a one-off reward of CNY500,000.

(4) Encourage the utilization of e-commerce in communities (rural regions). The enterprise with offline chain convenience service sites that establishes a community (rural) e-commerce convenience platform, enables the functions such as platform experience, ordering, distribution, and services, etc. and has passed the acceptance test shall be offered a one-off reward of no more than CNY50,000 for each chain convenience service site it builds.

(5) Encourage enterprises to develop cross-border e-commerce business. To encourage enterprises to set up offline cross-border e-commerce experience stores in Huairou District, we shall offer a one-off reward at a rate of 50 percent of each investment, the maximum amount of CNY500,000. The project aiming to set up a cross-border e-commerce industrial park shall benefit from some special supporting policy under approval of the Huairou District People's Government

8. Special support fund for promoting development of high-tech industries including nanometers shall be applied in the Science and Technology Commission of Huairou District.

Any of the nano-industry projects in these fields as energy, electronics, environment, and biomedicine, etc. as well as the newly-introduced and certified high-tech industrial project shall enjoy the following financial support to accelerate construction of national nano-industry base.

(1) Rental subsidy. The enterprise that rents workshops shall be subsidized for three consecutive years, at a rate of 50 percent of its rental in the first year, 30 percent in the second year, and 20 percent in the third year, and the total amount shall not be more than CNY2 million; the enterprise that rents office space no more than 200sqm, shall be subsidized for three consecutive years,, at a rate of 100 percent of its rental in the first year, 60 percent in the second year, and 40 percent in the third year, and the total amount shall not be more than CNY1 million;

(2) Loan interest subsidy. The company that establishes its production base in Huairou,, has signed a loan contract with a bank and the loan in place shall be granted an interest subsidy as according to the actual fixed-asset loan and the loan benchmark interest rate of the bank. The interest subsidy shall not exceed 60 percent of the total fixed-asset loan interest. The interest subsidization shall not be longer than 3 years, and the cumulative interest subsidy shall not be more than CNY2 million.

(3) Equipment subsidy. We shall selectively offer a one-off subsidy of 30 percent of the equipment investment, the maximum of CNY600, 000 per project to any of the start-up nano enterprises that is settled in Yanqi Economic Development Zone and promises to commercialize its R&D achievements in the Zone, and the project with proprietary intellectual property.

(4) Subsidy for equity investment. By means of equity investment, the Huairou District People's Government shall aid development of the fast-growing nano industrial project that has a broad market prospect. Equity investment capital shall be held by equity investment institution authorized by the district government. Generally, the capital contribution shall not exceed 30 percent of the registered paid-in capital of the participating companies, and the cumulative investment shall not exceed 5 million.

(II) Special support fund for enterprises to improve quality and efficiency shall be applied respectively in the Economy and Information Commission of Huairou District, the Development and Reform Commission of Huairou District, and the Agriculture Commission of Huairou District in accordance with relevant regulations

The following financial supports shall be offered to any of the enterprises, that is engaged in technological upgrading, listing or financing, standards development, brand building, innovation, the integration of production and tourism resources, and attracts in the giant agricultural enterprise to accelerate construction of high-grade sophisticated industrial structure.  

1. Subsidy for investment in technological reform and upgrading. Subsidy shall be offered to any of the industrial technological reform and upgrading projects in line with the industrial development policies of Huairou District. The investor with a total fixed-asset investment of CNY5 million or more shall be subsidized with no more than 10 percent of fixed-asset investment, and the total amount will not exceed CNY4 million. The high-grade, sophisticated manufacturing projects with a fixed-asset investment no less than CNY 30 million (excluding land and above-ground expenses) shall be subsidized with reference to this article.

2. Rewards for corporate listing and financing. A one-off reward shall be offeredto an enterprise that goes public (listed). Specifically, the enterprise that is listed on the main board market (or foreign securities market) shall be rewarded with CNY4 million; the enterprise listed in GEM(Growth Enterprise Market) shall be rewarded with CNY3 million; the enterprise that is listed in share transfer system for SMEs shall be offered a one-off reward of CNY1 million; we shall selectively offer a one-off reward of no more than CNY200,000 to any of the enterprises listed in the Beijing Equity Exchange Center. Any of the rewards in this article shall be applied in the Development and Reform Commission of Huairou District and the Economy and Information Commission of Huairou District according to the approval authority for establishment of the project.

3. Support for enterprises to participate in standard formulation. Upon being verified, the enterprise participating in formulation of international standards shall be offered a one-off financial support of no more than CNY500, 000; the enterprise participating in formulation of national standards shall be offered a one-off financial support of no more than CNY300,000; the enterprise participating in formulation of trade standards shall be offered a one-off financial support of no more than CNY200,000.

4. Support for enterprise trademark strategy and brand building. The enterprise in Huairou with a proprietary brand that is rated as municipal-level famous trademark in the year shall be offered a one-off financial support of no more than CNY250,000; the enterprise in Huairou with a proprietary brand that is rated as the well-known Chinese trademark in the year shall be offered a one-off financial support of CNY500,000 at most.

5. Support for enterprise innovation capacity building. Enterprises are encouraged to establish technological research and development centers, engineering research centers and engineering laboratories, and carry out technological innovation activities; To this end, the enterprise rated as a municipal-level enterprise technology center, engineering research center and engineering research laboratory shall be given a one-off financial support of no more than CNY500,000; the enterprise rated as a national enterprise technology center, a national engineering research center and engineering research laboratory shall be offered a one-offfinancial support of no more than CNY800,000.

6. Support for production-tourism integration of enterprises. The enterprise that starts industrial tourism with an investment of CNY2 million or more in new facilities and equipment, upon identification, shall be subsidized with 10 percent of its total investment, and the maximum subsidy shall not exceed CNY500, 000. The enterprise that establishes a distribution center with the exhibiting area no less than 200 square meters, shall be subsidized with no more than CNY500, 000, upon verification.

7. Rewards for newly introduced leading agricultural enterprises. Upon verification, a reward of 10 percent of its fixed-asset investment, the maximum of CNY 3million shall be offered to any of the enterprises, that develops modern livestock and high-end aquatic business by use of idle breeding facilities and resources, or develops large-scale, standardized modern efficient planting orchards and facility-based vegetable production business by use of existing land resources, or conducts leisure and seed cultivation business, etc., which plays a significant role in promoting increase of farmers' income and the collective economy development of village in the course of its construction and development with a fixed-asset investment of CNY5 million or more. The special fund shall be applied in the Agricultural Commission of Huairou District.

(III) Special support fund for the development of small-/medium-/ micro-sized enterprises shall be applied in the Economy and Information Commission of Huairou District.

The following financial support shall be offered to SMEs to improve their production & operation environment and innovation capability so as to accelerate their development and growth.

1. Support for the construction of SMEs' service platforms and small start-up bases.

(1) Support for SMEs service platform construction projects. The measure aims to strengthen construction of integrated service platform and improve regional public service system. Any of the SME public service platforms, that meets the qualification of Beijing Municipality's SMEs service platform and operates well shall enjoy a financial support of 20 percent of its total construction investment (including hardware and software) , the maximum amount of no more than CNY800,000. A one-off additional financial support of CNY200,000 shall be offered for a municipal level public service platform, and a lump sum of CNY500,000 for national level public service platform .

(2) Support for establishment of small startup bases. The measure aims to strengthen construction of small start-up bases. The small start-up base that (i) meets the requirements of Beijing Municipality's small start-up base project, (ii) complies with the industrial policy and development planning of the district, (iii)has the function of rolling incubation of small and micro-sized enterprises, and (iv) owns complete infrastructure and supporting service, shall enjoy a financial support of 20 percent of its total investment in the information construction and renovation projects for improving the service and management level, and the maximum amount shall not exceed CNY800,000. Upon being identified as a small-scale start-up base at municipal level, the enterprise shall be offered an additional financial support of CNY200,000.

(1) Loan interest subsidy. The interest subsidy shall be offered to any of the excellent small and medium-sized enterprises that meets national financial management policies and conducts financing activities in an innovative way. The interest subsidy rate shall be 3 percent of the direct financing amount of the project in the year, and it shall be no more than CNY400, 000. The enterprise that has guarantee company participate in its financing process shall be additionally granted a guarantee cost subsidy of 1 percent of the direct financing amount, and the maximum amount shall not be more than CNY100, 000. The high-quality small, medium and micro-sized enterprise that raises funds in traditional ways shall enjoy an interest subsidy at the rate of 2.5 percent of the project's gained financing amount in the year, and the maximum amount shall not be more than CNY250, 000.

(2) Support for mutual financing. Any of the enterprises that raises money by mutual fund or joint deposit shall be subsidized with no more than 10 percent of the fund or deposit, and the annual amount shall not exceed CNY5 million.

(3) Reward for guarantee fee. The financing guarantee company that provides a 10 percent increase or more of guarantee service to small and medium-sized enterprises for their financing in the district over the previous year, and has the average monthly guaranteed loan balance no less than CNY200 million for such enterprises in the district during the year shall be offered a one-off reward of CNY600,000 .

(IV) Special support fund for adjustment and relocation of functions non-essential to Beijing's role shall be applied in Economy and Information Commission of Huairou District.

To promote the relocation or transfer of low-end manufacturing industry that disaccords with the functional positioning of this district, and make greater effort in revitalizing the idle and inefficient resources, the following financial support will be given to accelerate transformation and upgrading of the industrial structure.

1. Reward for relocation and transfer. The low-end manufacturing enterprise that disaccords with the functional positioning of this district, relocates or transfers its facilities from the district on its own initiatives, and meets the relocation or transfer assessment standards set by the Economy and Information Commission of Huairou District shall enjoy  following financial supports upon being verification:

(1) Relocation reward. The enterprise that relocates shall enjoy a financial reward of no more than CNY3 million according to the comprehensive evaluation in energy consumption and pollution reduction resulted from adjustment or relocation.

(2) Reward for transferring. The transferring enterprise shall enjoy a financial reward of no more than CNY5 million according to the comprehensive evaluation in its annual energy consumption, pollutant emission, floor space, and number of workers.

2. Reward for revitalizing idle and inefficient resources. The enterprise that revitalizes existing idle and inefficient resources to develop projects in line with the functional positioning and admission standards of Huairou District, shall enjoy the following reward upon identification:

(1) Reward for transferor. To encourage the holder of existing idle land to revitalize idle resources by seeking for equity participation, investors and equity buyout with idle assets, we shall offer the transferee a one-off reward of 5 percent of the transaction price upon the confirmation by both parties, the maximum of 3 million after the new project is put into production. The land holder that revitalizes idle resources in a cooperative manner shall be granted a one-off reward of no more than CNY1 million after the new project is put into operation, depending on the benefit.  

(2) Reward for lessor. The lessor that leases any production facilities with right of use to any of the enterprises registered in this district, meets the functional positioning and project admission standards shall be offered a rental reward at a rate of 5 percent for 5 consecutive years during the period of land use. The cumulative maximum reward shall not be more than CNY500,000.

(3) Subsidy for investors. According to the type of the project and relevant special fund policy, the investor that builds a new project by use of idle resources shall be offered a one-off fixed-asset investment subsidy (excluding land and above-ground expenses) after the project is put into production.

III. Use and management of special funds

(I) The special fund policy shall favor to any major enterprise (projects), leading enterprise in a certain industry, and special information technology enterprises on a case-by-case basis.

(II) Procedures of application, approval and appropriation of special funds

1. The procedures of application, approval and appropriation of special support funds for brand exhibition activities, among that for conferences and exhibitions, shall be separately formulated by the Commerce Commission of Huairou District.

2. Procedures of application, approval and appropriation for other special support funds

(1) By November 15 each year, the competent department of corresponding industries shall issue a notice of project application to the public. The enterprises and institutions that fall within the scope of special financial support may fill in the project application forms and related materials, and submit to the corresponding competent authorities to apply for the special funds.

(2) The project application starts from December 10 to 30 in the year (The application of enterprises in Yanqi Economic Development Zone must be approved by the administrative committee of the development zone, and the application from enterprises in towns must be approved by the township government). Relevant enterprises shall submit paper application documents in quadruplicate (with official seal) and the electronic version thereof to the competent authorities of corresponding industries.

(3) The competent departments of corresponding industries shall submit the materials approved in initial review to the Development and Reform Commission of Huairou District before January 20 of the following year. The Development and Reform Commission of Huairou District shall hand over the materials to an intermediary agency for review, which will provide the review report and financial support opinions after reviewing. On the basis of the review report, the Development and Reform Commission of Huairou District shall propose and submit special fund use plan to the district government for approval after a deliberation with the Finance Bureau of Huairou District as well as the industrial competent department. The special support fund shall be paid before the end of May of the following year. The support fund shall be fully paid by the district finance administration to the enterprise with taxes included in the district's financial revenue; The support fund shall be jointly paid by the district and town finance administration on a 70 percent/30 percent basis to the enterprise with taxes included in the town financial revenue.

(4) The support funds for single enterprise project in the year shall be approved and paid on the basis of the highest single applied fund.The separate provisions in each special fund policy shall not repeatedly favor to the same matter of an enterprise.

(III) Special fund supervision and management

Upon receiving the financial grant, an enterprise shall use the fund for its designated purpose only, and regularly report the project construction and whereabouts of the special fund to the Development and Reform Commission of Huairou District, the Finance Bureau of Huairou District and the competent industrial department as required. In addition, it shall accept audit supervision of the audit department. The enterprise that enjoys a financial support for purchasing or renting factory buildings and office spaces shall not sell, rent, sublease or change the purpose of these factory buildings or office houses that should be for its own use. In case of any violation of the regulations, the enterprise must refund all the subsidy offered.

(IV) The Policies shall be implemented from January 1, 2016. Chapter 7 "Special Fund Reward Policy" and the 31st Article "Basically, the amount of financial support to an enterprise in the year shall not exceed 60 percent of that enterprise's annual financial contribution to the district" in Chapter 8 "Use and Management of Reward Fund" under Policies for Promoting Development of Regional Economy in Huairou District (Trial) (Huai Zheng Fa [2013] No. 3) shall be abolished simultaneously. The Development and Reform Commission of Huairou District reserves the right to interpret whatever issue arising from the implementation of the Policies. In case of any policy adjustment in China or Beijing Municipality in the course of implementation, the Policies shall be adjusted accordingly.