These guidelines are formulated to encourage local enterprises to expand effective investment, boost market confidence, strengthen the momentum for development, and promote both qualitative improvement and reasonable quantitative growth in the economy.

　　I. General Requirements

　　Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, fully, accurately, and comprehensively carry out the new development philosophy, actively serve and integrate into the new development paradigm, and create an upgraded version of the “fiscal policy + financial instruments” approach. By coordinating efforts to support enterprises in increasing capital and expanding production, and by expanding effective investment, we will provide strong support for accelerating the construction of a modern industrial system and promoting high-quality economic development.

　　II. Main Principles

　　(1) Project-led Approach. We will uphold project construction as the primary driver of economic work, focus on key sectors to plan and implement a batch of high-quality projects with market potential, and strive to implement 500 “capital increase and production expansion” projects by 2025, with a cumulative total investment exceeding 200 billion yuan over three years, thereby continuously generating strong momentum driven by projects.

　　(2) Strengthening Industrial Clusters. We will prioritize the real economy as the focal point of economic development. Centered on the city’s “4+4+6” modern industrial system, we will attract upstream and downstream enterprises to increase capital and expand production, optimize supporting layouts, accelerate the addressing of critical gaps and weaknesses, enhance the overall strength of industrial chains, and boost new drivers of development.

　　(3) Policy Synergy. We will intensify and enhance the effectiveness of proactive fiscal policies, refine the policy framework supporting enterprise capital increases and production expansions based on a systematic and integrated approach, strengthen cross-sectoral and interdepartmental policy coordination, and improve mechanisms for unified policy management, centralized fund utilization, and coordinated city-district services to enhance collaborative efforts for development.

　　(4) Strengthening Leverage. Adhering to the principle of market-driven development with government guidance, we will integrate funds, assets, and resources as a unified whole. By applying the “fiscal + financial” approach, we will guide and mobilize investment from across society, striving to leverage over 80 billion yuan in social capital to jointly support industrial development and establish a sustainable mechanism for supporting enterprises in increasing investment and expanding production.

　　III. Main Content

　　(1) Increase Subsidies for Industrial Fixed-Asset Investment

　　Improve technical renovation subsidy policies, expand the scope of subsidies, and increase subsidy amounts to encourage industrial enterprises to increase capital and expand production.

　　1. Eligible Entities. Projects for capital increases and production expansion (including technological transformation) implemented by industrial enterprises in this city during 2023–2024 that meet one of the following conditions: (1) Annual total investment of 10 million yuan or more; (2) Annual equipment investment of 5 million yuan or more.

　　2. Scope of Support. A subsidy of up to 10% of annual industrial fixed-asset investment (excluding land and non-production facility construction costs) will be provided, with a maximum subsidy of 30 million yuan per project; for enterprises listed in the Advanced Manufacturing Doubling Plan implementing projects with a total investment of 500 million yuan or more, the maximum subsidy per project is 60 million yuan.

　　Responsible Units: Municipal Bureau of Industry and Information Technology, Municipal Finance Bureau, district governments, and management committees of development zones

　　(2) Enhancing the Technology Innovation Fund

　　Expand the scale of the Technology Innovation Fund from 15 billion yuan to 30 billion yuan to provide low-cost financing for enterprises engaged in capital increases and production expansion, technological upgrades, and R&D innovation.

　　1. Eligible Recipients. Eligible projects within the city involving capital increases and production expansion, technological upgrades, and green and low-carbon initiatives, as well as industrial or software and information technology enterprises meeting specific R&D investment criteria. The list of enterprises will be generated through a recommended selection process. Support will be intensified for enterprises within the city’s “4+4+6” modern industrial system.

　　2. Scope of Support

　　(1) Financing for Fixed Assets and Enterprise R&D. The government and partner institutions will contribute funds in a 2:98 ratio. The enterprise’s fixed financing cost is 2% per annum, with the remainder subsidized by the government. The interest subsidy period is up to 5 years. Specifically:

　　Fixed Asset Financing. The maximum financing amount per project is 500 million yuan, covering up to 90% of the total project investment, with a maximum financing ratio of 80% for fixed asset investment loans and 10% for working capital loans.

　　Enterprise R&D Financing. For existing enterprises, financing support is provided up to 50% of the enterprise’s R&D expenses from the previous year, with a maximum financing amount of 50 million yuan per enterprise. For newly registered enterprises, the maximum financing amount per enterprise is 10 million yuan.

　　(2) Financial Leasing. The government and partner institutions will contribute funds in a 2:98 ratio to establish a financial leasing sub-fund under the Technology Innovation Fund, with an initial scale of 3 billion yuan.The fund will provide financing support to enterprises conducting finance lease operations such as sale-and-lease-back or direct leasing. The outstanding balance of lease operations eligible for support per enterprise shall not exceed 50 million yuan, with a maximum financing term of 5 years. A subsidy covering a certain percentage of the enterprise’s finance lease costs will be provided; the subsidy rate shall be consistent with the interest subsidy rate for bank loans under the Technology Innovation Fund during the same period.

　　Responsible Units: Municipal Finance Bureau, Industry and Information Technology Bureau, Science and Technology Bureau, Development and Reform Commission; district governments; development zone management committees; relevant financial institutions

　　(3) Expand the Scale of the Financing Credit Enhancement Fund for Small, Medium, and Micro Enterprises

　　The scale of the credit enhancement fund will be expanded from 16 billion yuan to 30 billion yuan to provide collateral-free credit loan guarantees to local SMEs and micro-enterprises, thereby guiding financial institutions to support these enterprises in expanding production.

　　1. Target Recipients. Support local SMEs and micro-enterprises, and establish specialized sub-funds for key sectors such as advanced manufacturing, the dual circulation strategy, cultural tourism, and first-time and renewal loans to strengthen financing guarantees.

　　2. Support Details. The maximum financing amount per enterprise is 30 million yuan, with a maximum financing term of 3 years. Risk compensation will be shared by the government and banks according to prescribed ratios.

　　Responsible Units: Municipal Finance Bureau, Financial Regulatory Bureau, district governments, development zone management committees, and relevant financial institutions

　　(4) Establishment of a Supply Chain Collaboration Fund

　　A 5 billion yuan Supply Chain Collaboration Fund will be established, comprising a 2.5 billion yuan Industrial Enterprise Supply Chain Sub-fund and a 2.5 billion yuan Commerce and Trade Enterprise Supply Chain Sub-fund. The fund will adopt a “whitelist” management approach to provide financing support to chain leaders and their collaborative enterprises listed on the “whitelist,” thereby promoting upstream and downstream collaboration and expanding production capacity within the supply chain.

　　1. Industrial Enterprise Supply Chain Sub-Fund

　　(1) Eligible Entities. Qualified industrial chain-leading enterprises in the city and their upstream and downstream supporting enterprises in Xiamen (excluding affiliated enterprises).

　　(2) Support Details. Financing support will be provided at a fixed annual interest rate of 2%, based on the total contract order value between the lead enterprise and its upstream and downstream partners. The financing term is up to 3 years, with a maximum financing amount of 50 million yuan per enterprise.

　　2. Supply Chain Sub-Fund for Commerce and Trade Enterprises

　　(1) Eligible Entities: Qualified lead enterprises in the city’s commerce and trade sector or their controlled subsidiaries, to support their outsourced processing, supply chain finance, and related business operations.

　　(2) Support Details: Financing support will be provided at a fixed annual cost of 2.5%, based on a certain percentage of the chain-leading enterprise’s outsourced processing contract value or its transaction value with upstream and downstream enterprises. The maximum financing amount per enterprise is 200 million yuan, with a maximum financing term of 1 year.

　　Responsible Units: Municipal Finance Bureau, Industry and Information Technology Bureau, Commerce Bureau; district governments; development zone management committees; relevant financial institutions

　　(5) Establish an Advanced Manufacturing Fund

　　Establish an Advanced Manufacturing Fund with a total scale of 10 billion yuan, with an initial phase of 5 billion yuan, to support capital increases and production expansions for advanced manufacturing projects through equity investment.

　　1. Target Recipients. The fund will primarily invest in projects within advanced manufacturing sectors—such as electronics and information technology, machinery and equipment, biopharmaceuticals, new energy, and new materials—as well as projects supporting the transformation and upgrading of distinctive traditional industries with competitive advantages.

　　2. Scope of Support. Utilize direct project investment, merger and acquisition (M&A) investments, and equity participation in market-oriented sub-funds and secondary fund shares (S-funds) to jointly leverage social capital for equity investment in advanced manufacturing enterprises. Specifically, 40% will be allocated to major investment promotion projects in advanced manufacturing, 30% to market-oriented sub-funds aligned with advanced manufacturing industry directions, and 30% to secondary fund shares and M&A investments aligned with advanced manufacturing industry directions.

　　Responsible Units: Municipal Finance Bureau, Municipal Bureau of Industry and Information Technology, Municipal Development and Reform Commission, Municipal Financial Regulatory Bureau, district governments, management committees of development zones, relevant state-owned enterprises, and relevant financial institutions

　　(6) Establish an Industrial Chain Investment Promotion Fund

　　Establish a 5 billion yuan industrial chain investment promotion fund. Through an “investment-driven investment promotion” model, attract and nurture high-growth projects to expand effective industrial investment.

　　1. Target Recipients. Focusing on the “4+4+6” modern industrial system, and with project implementation as a prerequisite, investments will target high-economic-contribution, high-growth, and high-value-added projects introduced from outside the region, or local national-level “Specialized, Refined, Unique, and Innovative” (SRUI) “Little Giant” enterprises and high-tech enterprises.

　　2. Scope of Support. Leveraging the portfolio of projects already invested in by leading funds and their professional investment expertise, the fund will co-invest in upstream and downstream projects within key industrial chains to support the growth and expansion of high-quality local enterprises, thereby strengthening, complementing, and extending industrial chains. The investment promotion fund’s equity stake in projects shall not exceed 30%. To strengthen positive incentives, when the local economic contribution of projects introduced by the fund exceeds a certain multiple of the government’s capital contribution, the fund’s general partner (GP) may receive rewards such as the transfer of excess returns.

　　Responsible Units: Municipal Finance Bureau, Development and Reform Commission, Science and Technology Bureau, Industry and Information Technology Bureau, Financial Regulatory Bureau, district governments, development zone management committees, and relevant financial institutions

　　IV. Support Measures

　　(1) Strengthen Coordination Mechanisms. All responsible units shall establish regular consultation mechanisms to provide categorized guidance, targeted services, and rapid responses for projects. They shall effectively promote, explain, and address inquiries regarding policies, thereby fostering a cohesive working effort and establishing a policy support system characterized by robust coordination and efficient collaboration.

　　(2) Ensure Support for Production Factors. Adhering to the principle that “production factors follow projects,” further strengthen support for enterprises’ capital increase and production expansion projects in terms of production factors such as capital, land, energy, water, environmental capacity, and energy consumption quotas.

　　(3) Optimize Service Support. All districts and departments must streamline approval procedures, improve approval efficiency, and enhance policy enforcement to ensure policies reach enterprises quickly and effectively. Relevant financial institutions must improve service efficiency, establish standardized service systems, and promptly address and resolve enterprise feedback.

　　(4) Strengthen monitoring and performance evaluation. Strengthen mechanisms for performance tracking and ex-post evaluation of policies. Lead responsible units shall conduct regular assessments of policy implementation outcomes and the efficiency of fund utilization, dynamically adjust and optimize support policies to ensure effective policy implementation and efficient use of funds.

　　The subsidies and interest subsidies covered by items (1), (2), and (4) of Section III of these Guidelines shall be shared by the municipal and district (Management Committee) governments in accordance with the current fiscal system.Existing enterprises (projects) that have already benefited from specific preferential policies are not subject to the provisions of subparagraphs (1) of Point 3 of these Guidelines. Where existing municipal policies and measures conflict with these Guidelines, these Guidelines shall prevail. Where previously issued support policies overlap with the financial incentives provided in these Guidelines, rewards shall be granted according to the principle of “choosing the higher amount without duplication.”

　　The Municipal Finance Bureau, in conjunction with relevant responsible units, shall be responsible for interpreting these guidelines. Specific implementation plans shall be formulated separately by the lead responsible unit.

　　These Guidelines shall take effect on the date of issuance and remain valid for three years.