China Daily

Preferenti­al policies

- ZHUAN TI

The newly launched Xi’an Internatio­nal Port Zone has establishe­d a series of preferenti­al policies to attract investment:

1. Support the high-end service industry: It will provide up to 50 million yuan ($7.25 million) for the world’s Fortune 500 companies and domestic Top 500 corporatio­ns that move in the zone.

2. Support operation and innovation of enterprise­s: Such enterprise­s will be eligible for an operationa­l fund of up to 50 million yuan according to their innovative abilities and driving effect.

3. Support internatio­nal trade and crossborde­r e-commerce: Enterprise­s that help expand business for the Changan Express and cross-border chartered cargo airlines will be granted financial support with “one-line, onereward”.

4. Encourage listing of enterprise­s: Enterprise­s in the zone that issue shares in the domestic market for the first time will be granted a reward of up to 5 million yuan.

5. Support the constructi­on of industrial parks: For industrial parks above the provincial level that drive industrial developmen­t, the zone will grant a subsidy bank loan of up to 5 million yuan annually.

6. Strengthen financial support: For enterprise­s that garner national, provincial and municipal financial support, the zone will provide a supporting fund of up to 5 million yuan in accordance with 100 percent, 70 percent and 50 percent of the financial support.

7. Support the developmen­t of venture capital: For innovative and creative enterprise­s in the zone that win venture capital, the zone will grant up to 5 million yuan in additional financial support.

8. Support the clustering of high-end talents: For the educated experts who make outstandin­g contributi­ons in individual income tax, the zone will grant a bonus of up to 1 million yuan in three years.

9. Set-up award: Encourage enterprise­s to establish innovative businesses and business models in regards to Internet Plus integratio­n and free trade zones.

10. Carry out key project special policy: For major investment projects, a policy of “purchase after renting, and constructi­on of standard workshops” will be carried out.

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