In accordance with the guiding principles of documents such as the “Several Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market” (State Council Document [2014] No. 17), and to guide and encourage enterprises in Chaozhou City to utilize the multi-tiered capital market for financing and development, while also taking into account changes in relevant policies such as the “Securities Law” (revised in 2019),certain provisions of the original “Chaozhou Municipal People’s Government Document on Issuing Several Policy Measures to Encourage Enterprises in Chaozhou to Raise Funds through the Capital Market” (Chao Fu [2017] No. 36) are no longer applicable. Taking into account the actual conditions of our city, the Municipal Financial Bureau has revised the document and redrafted the “Implementation Measures for Rewards to Encourage Enterprises in Chaozhou to Raise Funds through the Capital Market” (hereinafter referred to as the “Implementation Measures”). The main points of the document are interpreted as follows:
I. Drafting Process
The Municipal Financial Bureau solicited opinions from 21 units, including county and district governments (administrative committees), the Municipal Finance Bureau, and the Municipal Development and Reform Bureau. It also publicly solicited feedback from the general public in accordance with the procedures for normative documents. Based on the feedback received, the “Implementation Measures” were revised and processed in accordance with the procedures for normative documents.
II. Main Content
(1) Articles 1 through 4 of Part I constitute the General Provisions of the document. Article 1 outlines the basis for formulation and the drafting background; Articles 2 and 3 define the scope of application—these Measures apply to enterprises registered in Chaozhou City that possess independent corporate legal person status, maintain independent accounting, conduct business operations in accordance with the law, and consolidate and pay corporate income tax in Chaozhou City; Article 4 specifies the responsibilities of the relevant departments.
(2) Part Two, Articles 5 through 9, primarily outline the specific procedures for applying for, reviewing, and disbursing incentive funds.This includes Article 5 on the source of incentive funds and Article 6 on incentive standards, which provide different levels of financial incentives based on the category and stage of a company’s listing, public offering, or fundraising. The maximum incentive for companies listed on domestic exchanges is 10 million yuan; for those listed on overseas exchanges, 2 million yuan; for companies listed on the National Equities Exchange and Quotations (NEEQ), 1 million yuan; and for companies listed on compliant regional equity trading markets within the province, up to 50,000 yuan.Article 8 covers the application and approval of incentive funds. Enterprises shall complete the “Application Form for Incentives for Enterprises Utilizing Capital Markets for Listing and Financing” based on their listing or listing progress in the previous year. After the designated handling unit of the county or district government or the Fengquanhu High-Tech Zone Administrative Committee provides preliminary review comments, the application shall be submitted to the Municipal Financial Work Bureau for acceptance (enterprises directly under municipal jurisdiction shall submit applications directly to the Municipal Financial Work Bureau). Article 9 specifies the materials required for applying for incentives.
(3) Articles 10 through 14 of Part Three contain supplementary provisions, including commitments regarding continuous operations and requirements for honest and accurate reporting.
