These Implementation Measures are formulated to implement the “Several Measures for Stabilizing Investment in Jiangmen City (2020–2022)” (Jiangmen Municipal Government Document No. 29 [2020]) and to encourage the introduction of major projects and industrial initiatives in advanced manufacturing, thereby accelerating their commencement of construction.
Part I: Encouraging the Introduction of Major New Investment Projects in Advanced Manufacturing
I. Eligibility for Rewards
Rewards shall be granted to enterprises that meet all of the following conditions:
(1) Have completed market supervision and tax registration within the jurisdiction of Jiangmen City, operate in accordance with the law, pay taxes as required, and possess independent legal person status.
(2) Projects newly introduced (including capital increases and production expansions) between January 1, 2020, and December 31, 2022.
(3) The enterprise’s investment must be in an advanced manufacturing project [referring to manufacturing projects that fall within the scope of support under the Guangdong Province Action Plan for Cultivating and Developing the Ten Major Strategic Pillar Industry Clusters and the Ten Major Strategic Emerging Industry Clusters (collectively referred to as the “Double Ten” industry clusters)].
(4) Starting from the date the investment contract is signed (or, for capital increase and expansion projects, from the date the filing certificate is obtained from the development and reform or industry and information technology departments), the enterprise commits to achieving a cumulative fixed-asset investment (including land, factory construction, and equipment purchases, as evidenced by actual invoices and administrative receipts) of 1 billion yuan or more within three years (including the third year). When the actual fixed-asset investment reaches 200 million yuan or more, the enterprise shall issue a written commitment.
II. Incentive Details
If the project meets the eligibility criteria, a one-time reward of 10 million yuan may be granted in advance. The reward funds shall be used for the enterprise’s R&D expenditures, reinvestment, and other purposes.
III. Implementation of the Incentive
(1) Application and Disbursement Timeline.
Reward applications must be submitted by January 30 of each year, and funds must be disbursed by June 30.
(2) Application Process.
1. In accordance with the principle of territorial management, eligible enterprises shall submit applications to the competent commerce authority in the project’s location, providing two copies of the written, stamped application materials and one scanned electronic copy.
2. The competent commerce authorities of each city (district) shall verify the application materials; for those that meet the criteria, they shall issue an opinion and forward the materials to the Jiangmen Municipal Bureau of Commerce.
3. The Jiangmen Municipal Bureau of Commerce will commission a third-party professional agency to verify the received materials, draft a list of eligible enterprises, and publish it on the Jiangmen Municipal Government portal for no less than 5 working days.
4. If no objections are raised during the public notice period, the Jiangmen Municipal Bureau of Commerce will submit the list to the municipal government for final approval. The reward funds will then be transferred to the respective cities (districts), and the commerce authorities of each city (district) will be responsible for disbursing the funds.
If objections are raised during the public notice period, the Jiangmen Municipal Bureau of Commerce shall verify and address the matter in conjunction with the third-party professional agency.
(III) Application Materials.
1. Incentive Application Form.
2. Declaration of Application.
3. Investment Agreement (not required for capital increase and production expansion projects) and a copy of the filing certificate from the Development and Reform or Industry and Information Technology department (the agreement signing date and filing certificate date must fall between 2020 and 2022).
4. Copy of the enterprise business license.
5. Enterprise Commitment Letter.
6. Copies of payment vouchers (invoices, administrative receipts) related to the actual amount of fixed-asset investment (including expenditures on land, plant construction, and equipment purchases) (the dates on the provided documents must be after the agreement signing date).
IV. Relevant Notes
(1) Return of Funds for Failure to Meet Commitments.
If an enterprise applying for the incentive fails to meet the committed conditions, it shall automatically return the incentive funds received. If, after communication, the enterprise refuses to return the funds, the relevant local government departments shall recover the incentive funds in accordance with laws and regulations and return them to the respective local finance departments through the original channels.
(2) Regarding the allocation ratio of incentive funds.
The allocation of incentive funds under this section shall be implemented in accordance with the current fiscal system.
Part II: Encouraging the Accelerated Commencement of Industrial Projects
I. Eligibility for Incentives
Rewards shall be granted to enterprises that simultaneously meet the following conditions:
(1) The enterprise has completed market supervision and tax registration within Jiangmen City, operates in accordance with the law, pays taxes as required, and possesses independent legal person status.
(2) The enterprise has newly introduced (including capital increases and expansion) a project with an investment of 100 million yuan or more between January 1 and December 31, 2020, and has commenced construction.
(3) The projects in which the enterprise invests must fall under the categories of manufacturing, industrial real estate, energy, science and technology innovation platforms (incubators), logistics, or cultural tourism, including supporting industrial projects; government-invested projects are excluded.
II. Incentive Standards
(1) Projects introduced between January and June 2020.
A one-time incentive will be provided on a tiered basis according to the actual fixed-asset investment到位 during the period from July to December 2020:
1. For actual fixed-asset investment ranging from 50 million to 100 million yuan (including 50 million yuan), a reward of 150,000 yuan will be granted.
2. For projects with actual fixed-asset investment of 100 million yuan or more (including 100 million yuan), a reward of 400,000 yuan will be granted.
(2) Projects introduced between July and December 2020.
A one-time incentive will be provided based on the actual amount of fixed-asset investment到位 during the period from July to December 2020, categorized as follows:
1. For projects with actual fixed-asset investment ranging from 20 million to 50 million yuan (including 20 million yuan), a reward of 50,000 yuan will be granted.
2. For actual fixed-asset investment ranging from 50 million to 100 million yuan (including 50 million yuan), a reward of 200,000 yuan will be granted.
3. For actual fixed-asset investment amounts of 100 million yuan or more (including 100 million yuan), a reward of 500,000 yuan will be granted.
III. Application Timeline, Process, and Required Documents
(I) Application and Disbursement Timeline.
Reward applications must be submitted by March 30, 2021, and funds will be disbursed by June 30, 2021.
(2) Application Process.
1. In accordance with the principle of territorial management, eligible enterprises shall submit applications to the competent commerce authority where the project is located, providing two copies of the written, stamped application materials and one scanned electronic copy.
2. The competent commerce authorities of each city (district) shall verify the application materials; for those that meet the criteria, they shall issue an opinion and forward the materials to the Jiangmen Municipal Bureau of Commerce.
3. The Jiangmen Municipal Bureau of Commerce will commission a third-party professional agency to verify the received materials. For eligible enterprises, a list of proposed awardees will be drafted and published on the Jiangmen Municipal Government portal for no less than 5 working days.
4. If no objections are raised during the public notice period, the Jiangmen Municipal Bureau of Commerce will submit the list to the municipal government for approval. Upon approval, the incentive funds will be transferred to the respective cities (districts), and the commerce authorities of each city (district) will be responsible for disbursing the funds.
If objections are raised during the public notice period, the Jiangmen Municipal Bureau of Commerce shall verify and address the matter in conjunction with the third-party professional agency.
(III) Application Materials.
1. Reward Application Form.
2. Declaration of Application.
3. Investment Agreement (not required for capital increase and production expansion projects) and a copy of the filing certificate from the Development and Reform or Industry and Information Technology Department (the agreement signing date and filing certificate date must be 2020).
4. Copy of the enterprise business license.
5. Copies of payment vouchers (invoices, administrative receipts) related to the actual amount of fixed-asset investment (including expenditures on land, plant construction, and equipment purchases) (the dates on the provided documents must be after the agreement signing date).
6. Evidence of commencement of construction (construction contract or construction permit; on-site construction photos, etc.).
IV. Regarding the Proportion of Reward Fund Allocation
The incentive funds in this section shall be shared between the municipal-level treasury and the treasuries of each city (district) on a 1:1 basis. Cities (districts) with sufficient resources may provide additional support funds to enterprises on top of this; the additional portion shall be borne by the respective city (district) treasury.
Part III Supplementary Provisions
I. These Implementation Measures shall take effect from the date of issuance and remain valid until June 30, 2023.
II. Where other similar policies within the city conflict with these Implementation Measures, enterprises shall choose to apply under the policy offering the higher benefit, and shall not receive duplicate benefits.
3. The Jiangmen Municipal Bureau of Commerce is responsible for fund performance evaluation, information disclosure, and related tasks. The competent commerce authorities of each city (district) are responsible for tracking the commencement of construction and actual investment status of projects undertaken by local award-winning enterprises, and for cooperating in the fund performance evaluation process.
IV. Enterprises that have received rewards and are found to have engaged in fraudulent activities or misappropriated public funds will be included in the list of entities with serious credit violations.
