To implement the financial stability work arrangements of the Central Committee of the Communist Party of China and the Provincial Party Committee and Provincial Government, seize the historic opportunities presented by the development of multi-tiered capital markets, further encourage and promote high-quality enterprises in our city to leverage capital markets to expand and strengthen their operations and accelerate development, boost the transformation and upgrading of Huaibei City, and promote sustained and healthy economic development, the following policies are formulated in accordance with the spirit of relevant provincial and municipal documents and in light of the actual conditions of our city.
I. Main Tasks
Adhering to the principle of “enterprise voluntariness, market-driven, and government-facilitated,” and following the phased approach of “reserving a group, cultivating a group, restructuring a group, and listing (or listing on a stock exchange) and raising capital for a group,” we will accelerate the cultivation of a cohort of high-quality enterprises and outstanding entrepreneurs.We will strengthen policy support for key areas and weak links in enterprise listing and direct financing, promote the categorized access of our city’s enterprises to multi-tiered domestic and international capital markets, focus on cultivating a reserve pool of enterprises for listing (or listing on a stock exchange), strive to increase the number of listed (or listed on a stock exchange) enterprises, and work to raise the proportion of direct financing, thereby mobilizing tremendous momentum for the construction of a modern and prosperous Huaibei in the new phase.
II. Listing (Quotation) Incentive Policies
(1) Listing on the Shanghai, Shenzhen, and Hong Kong Stock Exchanges.
1. Enterprises that successfully list on the Shanghai, Shenzhen, or Hong Kong Stock Exchanges will receive a total reward of 6 million yuan from the municipal government in stages.Specifically: Upon completion of the guidance filing with the Anhui Securities Regulatory Bureau, the municipal government will provide a one-time reward of 500,000 yuan; upon acceptance of the company’s listing application materials by the Shanghai, Shenzhen, or Hong Kong Stock Exchanges (or the China Securities Regulatory Commission), the municipal government will provide an additional one-time reward of 1.5 million yuan (if the application materials are directly accepted by domestic or overseas exchanges such as the Hong Kong Stock Exchange, the municipal government will provide a one-time reward of 2 million yuan); after the company successfully lists, the municipal government will provide the remaining 4 million yuan as a one-time reward.
2. Enterprises that successfully list through mergers and acquisitions by acquiring a shell company outside the region and subsequently relocate their tax registration to Huaibei will receive a one-time reward of 6 million yuan from the municipal government.
3. Enterprises are encouraged to allocate 30% of the successful listing reward to individuals and the core management team who contributed to the listing process. The enterprise must confirm the recipients in writing with an official seal and submit the documentation to the Municipal Local Financial Regulatory Bureau (Municipal Government Financial Work Office).
(II) Listing on the National Equities Exchange and Quotations (NEEQ).
1. Enterprises that successfully list on the Basic Layer or Innovation Layer of the National Equities Exchange and Quotations (NEEQ, “New Third Board”) will receive a total reward of 2 million yuan from the municipal government in stages. Specifically, upon acceptance of the listing application materials by the NEEQ, the municipal government will grant a reward of 200,000 yuan; after the enterprise successfully lists, the municipal government will grant the remaining 1.8 million yuan.If a NEEQ-listed enterprise subsequently lists on the Shanghai, Shenzhen, or Hong Kong stock exchanges, the municipal government will supplement the reward to the full amount in accordance with listing policies.
2. Enterprises that successfully list through mergers and acquisitions by acquiring a shell company outside the region and subsequently relocate their tax registration to Huaibei will receive a one-time reward of 2 million yuan from the municipal government, in accordance with the standards for the Basic Tier and Innovation Tier.
3. Enterprises are encouraged to allocate 30% of the rewards received for successful listing on the National Equities Exchange and Quotations (NEEQ) to individuals and core management teams who contributed to the listing process. The enterprise must confirm the recipients in writing with an official seal and submit the documentation to the Municipal Local Financial Regulatory Bureau (Municipal Government Financial Work Office).
(3) Listing on the Anhui Equity Custody and Trading Center.
1. Enterprises that complete shareholding system reform, update their industrial and commercial registration, and list on the Growth Board or the Select Tier of the Science and Technology Innovation Board at the Anhui Equity Custody and Trading Center shall receive a one-time reward of 400,000 yuan from the municipal finance department, and a one-time reward of 200,000 yuan from the beneficiary county, district, or industrial park.
2. For enterprises listed on the Anhui Equity Custody and Trading Center without having undergone shareholding system reform (excluding the Specialized, Refined, Unique, and Innovative Board), the municipal government will provide a one-time reward of 50,000 yuan, and the beneficiary county, district, or industrial park will provide a one-time reward of 50,000 yuan;For specialized, refined, distinctive, and innovative small and medium-sized enterprises listed on the Anhui Equity Custody and Trading Center, a one-time subsidy of 100,000 yuan per enterprise shall be provided in accordance with the "Implementation Rules for Promoting the Accelerated Development of the Private Economy (Revised)" (Huaijingxin Minying [2021] No. 63). For enterprises that have already received the aforementioned rewards and subsequently undergo shareholding restructuring before listing on the Growth Board or the Science and Technology Innovation Board’s Select Tier, the beneficiary county, district, or industrial park shall supplement the difference in rewards in accordance with the policy.
3. For enterprises already listed on the Provincial Equity Custody and Trading Center that successfully transfer to the “New Third Board” or conduct an initial public offering (IPO) on the Shanghai, Shenzhen, or Hong Kong Stock Exchanges, the municipal finance department shall supplement the difference in rewards in accordance with policy.
III. Incentive Policies for Corporate Direct Financing
(1) For enterprises listed on the “New Third Board” that conduct their first equity financing, the municipal government will provide a one-time reward equal to 2% of the financing amount, up to a maximum of 1 million yuan.
(2) For joint-stock enterprises listed on the Growth Board or the Select Layer of the Anhui Equity Custody and Trading Center that conduct their first equity financing, the municipal government will provide a one-time reward of 2% of the financing amount, up to a maximum of 1 million yuan.
(3) For small and medium-sized enterprises that successfully issue corporate bonds, company bonds, or debt financing instruments, or for local legal person financial institutions that successfully issue financial bonds such as rural revitalization bonds, small and micro enterprise bonds, green bonds, innovation and entrepreneurship bonds, and capital supplementation bonds, the municipal government will provide an annual subsidy of 5‰ of the issuance amount, with a maximum of 1 million yuan.
(4) For local financial institutions that successfully issue interbank certificates of deposit in the interbank market, the municipal government will provide an annual subsidy of 1‰ of the issuance amount, up to a maximum of 1 million yuan.
IV. Other Support Policies
(1) Financial institutions such as banks, securities firms, and insurance companies are encouraged to utilize various methods to increase support for listed and listed-ready companies. Policy-based financing guarantee institutions are encouraged to prioritize listed and listed-ready companies as key service targets.
(2) Projects disclosed in the prospectuses of pre-IPO enterprises, projects related to follow-on financings or corporate bond issuances by listed and listed-on-exchange enterprises, as well as investment projects undertaken by listed and listed-on-exchange enterprises within our city—provided they do not involve the phasing out of outdated production capacity—shall be treated as investment promotion projects.Such projects will be prioritized as municipal-level key projects, given priority for inclusion in the provincial key project plan, and receive priority in processing project filing, environmental impact assessments, and other approval procedures, as well as in land supply allocation. When applying for high-tech enterprise status, science and technology program projects, or projects related to the high-quality transformation and development of the industrial economy, eligible enterprises will be prioritized for recommendation and submission, and given priority in receiving various incentive funds.
(3) During the process of going public or listing, when enterprises submit documents confirming the legality of their historical development to the provincial government, submit interview certificates and compliance certificates issued by relevant municipal departments to the China Securities Regulatory Commission and other authorities, or handle procedures for obtaining or amending permits related to land use, urban planning, environmental protection, and construction, all departments at all levels across the city shall establish a green channel, provide thorough guidance, handle matters on a case-by-case basis, and expedite urgent matters to minimize processing times to the greatest extent possible.
V. Other Matters
(1) Enterprises intending to apply for incentive funds related to listing and direct financing must register with the Municipal Local Financial Regulatory Bureau (Municipal Government Financial Work Office) through the listing authorities of the relevant counties, districts, the Municipal High-Tech Zone, or the New Coal Chemical and Synthetic Materials Base within two weeks of signing a service agreement with a sponsor (underwriter).Enterprise incentive payments will be disbursed in stages according to the progress of the enterprise’s listing. After preliminary review by the county or district government (or the management committee of the Municipal High-Tech Zone and the New Coal Chemical and Synthetic Materials Base), the enterprise must submit a formal written application. Following joint review by the Municipal Bureau of Local Financial Supervision (Municipal Government Financial Work Office) and relevant departments, the Municipal Finance Bureau (State-owned Assets Supervision and Administration Commission) will be responsible for disbursing the incentives.
(2) For violations of regulations or fraudulent acts committed to obtain reward funds, in addition to recovery in accordance with the law, penalties will be imposed in accordance with relevant regulations, and the persons directly responsible will be held accountable; if a crime is constituted, the case will be transferred to judicial authorities for handling. The recovery of the aforementioned reward funds shall be led and managed by the respective county (district) governments and park management committees.
(3) The term “enterprise” as used in this policy refers to enterprises whose registered address (place of business) and tax registration address are both located within the jurisdiction of Huaibei City.
(4) The Municipal Local Financial Regulatory Bureau (Municipal Government Financial Work Office) and the Municipal Finance Bureau (State-owned Assets Supervision and Administration Commission) shall be responsible for interpreting this policy.
(5) This policy shall take effect on July 1, 2021. Any previously issued relevant policies that are inconsistent with the provisions of this policy shall be implemented in accordance with the provisions of this policy.
