I. Policy Support

(I) Boost development of small and medium-sized enterprises

Small and medium-sized enterprises that are newly accredited or relocated to Beijing as specialized, high-grade, and innovation-driven businesses, enterprises accredited as specialized, high-grade, and innovation-driven "little giants" in Beijing and enterprises accredited as national-level specialized, high-grade, and innovation-driven "little giants" will be entitled to a maximum one-off financial reward of CNY 500,000, CNY 800,000, and CNY 1 million respectively. In addition, if an enterprise receives a higher rating, the difference in the reward amount will be compensated. A maximum reward of up to CNY 1 million will be granted to per eligible enterprise.

(II) Support enterprises to enhance independent innovation capabilities

The district aims to motivate enterprises in establishing technology research and development centers, engineering research centers, or engineering laboratories to facilitate technological innovation. To aid qualified enterprises in this regard, a maximum one-off financial support of CNY 500,000 will be provided to those who are certified as municipal-level technology research and development centers, engineering research centers or engineering laboratories. Similarly, enterprises with a national entity identification for their technology research and development centers, engineering research centers or engineering laboratories can receive a maximum one-off financial support of CNY 800,000.

(II) Encourage enterprises to promote growth and sharpen their competitive edge

Advanced manufacturing enterprises, excluding those in the catalog of prohibited and restricted new industries in Beijing Municipality, that exceeded the state designated scale in the previous year or were newly included as enterprises above state designated scale through other means for the first time, are entitled to a maximum one-off reward of CNY 300,000. Meanwhile, enterprises focused on software and information technology services can enjoy a maximum one-off reward of CNY 150,000. (Enterprises that are newly included as those above the state designated scale in the district are also eligible for the reward.)

(IV) Enhance support for enterprises' listing

The district plans to provide enterprises listed on major domestic or overseas stock exchanges with a maximum subsidy of CNY 6 million. Meanwhile, enterprises listed on the innovation layer and the basic layer of the National Equities Exchange and Quotations (NEEQ) will receive a one-off reward of CNY 1 million and CNY 600,000 respectively. In addition, enterprises listed on the Beijing Equity Trading Center will receive a maximum subsidy of CNY 200,000.

(V) Support the development of financial resource through concentration and aggregation 

In recognition of financial institutions' overall contribution to local development, the district plans to offer reward and supportive services to senior executives and key personnel from these institutions that have made prominent contributions.

(VI) Support the advancement of the conference and exhibition industry

The district aims to provide support for high-quality conferences and exhibitions. The following financial support will be extended to sponsors, organizers, or venue owners who host a range of events in the district. These events include domestic and international conferences, continuous exhibition projects and exhibition projects recognized by international organizations.

Financial support for domestic scientific conferences: A maximum one-off financial support of  CNY 150,000 will be given to cover 10 percent of their actual consumption amount in the district. Financial support is reserved for up to five eligible venue owners per year who organize conferences in the district with actual consumption amount not more than CNY 1 million. Financial support for international scientific conferences: A maximum one-off financial support of CNY 300,000 will be given to cover 12 percent of their actual consumption amount in the district. Financial support for continuous exhibitions: Financial support will be offered to eligible entities that run three consecutive sessions of such events. However, this support is only offered if the actual consumption amount of the next session is greater than that of the previous one. In addition, the financial support allocated for the latest session will be 20 percent higher than that for the previous one. It is worth noting that such financial support will not exceed three sessions for the same exhibition. Financial support for conferences or exhibitions certified by international organizations: For conferences or exhibitions certified by international organizations such as the International Congress and Convention Association (ICCA) and the Global Association of the Exhibition Industry (previously known as Union des Foires Internationales, UFI), a one-off reward of CNY 200,000 will be granted in addition to the financial support mentioned previously.

(VII) Enhance rewarding for regional contributors

The district plans to provide financial support to newly established enterprises (including headquarters enterprises) with significant influence and enterprises with outstanding comprehensive contributions to the region. Enterprises that have made notable and significant contributions to the economic and social development of the district will be supported on a case-by-case basis.

II. Application Process

Relevant competent departments shall identify eligible enterprises and encourage them to apply for supportive measures based on their responsibilities and industry development situation.

II. Arrangement of Financial Support

The Huairou Branch of the Beijing Municipal Finance Bureau will establish an annual special fund of CNY 50 million to support the transition policy. The 2021 allocation for special funds has been included in the financial budget of the district. Once projects have been approved by the district government, the relevant industry's competent department will sign an agreement with enterprises that are eligible for financial support. It should be specified in the agreement that all financial support enjoyed in the district should be refunded in principle if enterprises move out of the district within ten years from the date of their last receipt of our financial support. The district branch of the Beijing Municipal Finance Bureau will provide full financial support for enterprises that contribute taxes to the district-level financial revenue. Enterprises that contribute taxes to the town or township-level financial revenue will jointly receive financial support from both district and township branches of the Beijing Municipal Finance Bureau. In this case, the district branch will provide 70 percent of the financial support, and the remaining 30 percent will be covered by the township branch.