1. A piloting preferential corporate income tax policy for technology transfers is now in place, raising the tax exemption threshold from CNY 5 million to CNY 20 million. The scope and conditions for applying tax preferences to technology transfers have been expanded, further lowering the costs associated with transferring scientific and technological achievements.

2. An "approval upon filing" mechanism has been piloted for Beijing's eligible high-tech enterprises, while concessions on income taxes are also applicable to such enterprises. The time required for determining the eligibility of every high-tech enterprise has been reduced by 80 percent.

3. Piloting preferential income tax policies have been introduced for eligible corporate-type venture capital enterprises, reducing the income taxes levied on such enterprises by half or exempting income taxes for them based on individual shareholders' end-of-year ownership ratios, to encourage long-term investment from venture capital enterprises.

4. Preferential income tax policies have been adopted for overseas talented individuals.