According to a news conference held by the Shenyang Municipal People's Government Information Office on December 22 that since the establishment, Shenyang Area of China (Liaoning) Pilot Free Trade Zone has focused on accelerating structural adjustment and opening up as two distinctive experimental tasks, focusing on fostering a new economy and enhancing new dynamics, and has formulated a series of industrial policies to support advanced manufacturing, scientific and technological innovation, financial services, financial leasing, cross-border e-commerce,etc., which have strongly promoted the gathering of new industries.
In the financial industry, the Shenyang Area has more than 500 financial enterprises, tax revenue increased by 46.7 percent year-on-year. The first qualified overseas limited partner pilot in Northeast China has been implemented here. In terms of advanced manufacturing and technological innovation, Shenyang Area has more than 3,000 technology-based enterprises and 314 high-tech enterprises, which is 24 times of the initial period of establishment. In terms of cross-border e-commerce, 15.44 million deals were traded this year, 8.9 times that of the whole of last year. "In order to further adapt to the needs of industrial development, Shenyang Area of China (Liaoning) Pilot Free Trade Zone has started the revision of industrial policy this year and will launch the upgraded version of industrial policy successively. At present, the upgraded policies of financial services and scientific and technological innovation have been introduced,"Shen Xiaoshu, Deputy Director of the Management Committee of Shenyang Area of China (Liaoning) Pilot Free Trade Zone introduced.
The updated financial policy covers a full range of policy support for financial institutions, equity investment institutions, financial leasing, commercial factoring, financial element trading market, financial innovation and so on.
The "upgraded version" of the new financial services policy highlights the core task of institutional innovation in the free trade zone. For financial innovation initiatives recognized and replicated at the national level, the reward fund will be increased from 500,000 RMB Yuan to 1 million RMB Yuan. For financial innovation initiatives recognized and replicated at the provincial level, the reward fund will be increased from the original 200,000 RMB Yuan to 300,000 RMB Yuan.
The "upgraded version" of the new financial services policy highlights the leading effect of the financial policy of the free trade zone. Shenyang Area will specifically set up incentives for equity investment institutions, financial leasing, commercial factoring and other financial enterprises, increase support for the settlement of financial headquarters, and accelerate the agglomeration of various financial forms through the leadership of the headquarters. The maximum reward for the settlement of financial institution headquarters is 20 million RMB Yuan, the maximum reward for the settlement of regional financial headquarters is 5 million RMB Yuan, the maximum reward for the settlement of national financial factor trading market is 20 million RMB Yuan, and the maximum reward for the settlement of regional financial factor trading market is 5 million RMB Yuan.
The "upgraded version" of the new financial services policy highlights the inclusive nature of financial policies. The upgraded financial policy mainly focuses on business contribution incentives, office space subsidies and financial talent incentives to support enterprises. Newly registered financial enterprises will be rewarded for 5 years' economic contribution. Senior executives of financial enterprises and high-end talents with an annual tax of more than 50,000 RMB Yuan will be awarded for 60 consecutive months, with no more than 3 million RMB Yuan per person per year. Financial enterprises will be given subsidies of up to 70 percent of the annual rent of office space for three consecutive years, not exceeding 3 million RMB Yuan per year.
The "upgraded" science and technology innovation policy consists of 14 articles, which are divided into three aspects: science and technology innovation, industrial development and science and technology services.
It will give more comprehensive support to scientific and technological innovation, and place greater emphasis on the integrated development of industrial, innovation and service chains. In terms of the industrial chain, the newly registered and moved technology-based enterprises with or acquiring independent intellectual property rights will be rewarded for three years of economic contribution. In terms of innovation chain, for the transfer and transformation of advanced scientific and technological achievements, the recipient enterprises will be given a subsidy of 20 percent of the technology contract turnover, up to 1 million RMB Yuan. In terms of service chains, a subsidy of up to 20 percent of the equipment input cost will be given to mass entrepreneurship and innovation carriers, up to 1 million RMB Yuan.
The "upgraded" science and technology innovation policy gives greater support to science and technology innovation. The maximum support will be 1 million RMB Yuan for recognized manufacturing champion enterprises, outstanding enterprises, high-tech enterprises, registered eagle enterprises, gazelle enterprises, approved key laboratories, innovation centers and technology centers. A maximum of 12 million RMB Yuan will be given to enterprises to invest in new R&D and set up new R&D centers.
Scientific and technological innovation is supported in a more scientific way. Research and development activities, service operation using the model of incentives and post-subsidies. For example, in the first (set), major technology research, strategic emerging industries project construction, enterprise intelligent construction, etc., to take 1:0.5 matching subsidies, not only to avoid duplication of policy declaration process review, reduce the burden on enterprises, but also to achieve accurate support for major projects.
(Zhao Guoqing and Wang Guan)