Article 2
Definitions
For the purpose of applying the provisions of these Measures, the following terms are defined as follows:
(a) Substantial operation means that the operation of the enterprise complies with the relevant provisions of the Executive Committee's Normative Document No. 2/2023, "Rules for the Recognition of Substantial Operation of Enterprises in the Hengqin-Guangdong-Macao Deep Cooperation Zone".
(ii) Green Loan means a loan from a financial institution that complies with the statistical standards of the People's Bank of China or the State Administration of Financial Supervision and Administration of the People's Republic of China in respect of green credit.
(3) Green leasing refers to the financial leasing business in which the leased object or the use of the rent meets one of the following criteria:
1. The "Guidance Catalog for Green and Low-Carbon Transformation Industries (2024 Edition)" (in the form of the "Green and Low-Carbon Transformation Industry Guidance Catalog"), which is issued by the National Development and Reform Commission and other departments. 2024 Edition) issued by the National Development and Reform Commission and other departments (subject to the latest standards, the same below);
2. The Common Ground Taxonomy for Sustainable Finance in China and Europe issued by IPSF;
3. align: left;"> 3. The State Administration of Financial Supervision and Administration of the People's Republic of China (SACF) statistical standards for green leasing business of financial leasing companies.
(iv) Green Bonds, refers to bonds that meet one of the following criteria:
1. China Green Bond Principles issued by the Green Bond Standards Committee;
2. align: left;"> 2. Requirements for issuance of green bonds by domestic stock exchanges such as Shanghai Stock Exchange and Shenzhen Stock Exchange;
3. Green Bond Principles issued by the International Capital Market Association (ICMA);
4. The Climate Bonds Standard issued by the Climate Bonds Initiative (CBI).
(5) Green low-carbon transformation projects, refers to compliance with the European Loan Market Association (LMA), the Asia-Pacific Loan Market Association (APLMA), the U.S. Syndicate and Transaction Association (LSTA) jointly issued by the "Sustainability-Linked Loan Principles (Sustainability - Linked Loan Principles). Linked Loan Principles, and Guidance on Sustainability-Linked Loan Principles jointly issued by APLMA, the American Syndication and Trading Association (LSTA). Environmental performance-linked financing projects carried out under the Sustainability-Linked Loan Principles and the Guidance on Sustainability-Linked Loan Principles, or projects that meet one of the following criteria:
1. The Guidance Catalog for Green and Low-Carbon Transformation Industries (2024 Edition);
3. The Reference Criteria for Pilot Local Climate Investment and Financing Projects issued by the Ministry of Ecology and Environment;
4. Transformational finance projects issued by the State, Guangdong Province financial management authorities or industry associations. The transition finance related standards issued by the state, Guangdong Province financial management department or industry associations.
(F) Green finance consulting service institutions, refers to institutions that provide green finance-related consulting services such as strategic planning, policy research, business solutions, business innovation, etc., and meet the following conditions:
1. Core personnel of the institution (legal representatives or those who are related to the institution) The core personnel of the institution (legal representative or executives who have a valid labor contract with the institution, the same below) have participated in no less than five forums and seminars related to green finance hosted by international organizations, industry associations, academic groups, academic institutions, or the government as a topic sharing or discussion guest;
2. No less than two government departments or five financial institutions commissioned by the green finance-related consulting.
(VII) Green assessment and certification organizations, refers to the organizations that carry out professional assessment and certification for green and low-carbon transformation projects or related financial businesses, and meet the following conditions:
1. Have been registered by the Green Bond Standard Committee. Or belong to the Climate Bonds Initiative's Approved Verifiers;
2. Have more than ten successful cases of green bond assessment and certification.
(viii) Green insurance refers to insurance products and services that comply with the relevant standards of the Notice of the General Office of the China Banking and Insurance Regulatory Commission on the Issuance of a Statistical System for Green Insurance Business, and the Guidelines for Classification of Green Insurance (2023 Edition) of the Insurance Association of China.
(ix) Macao-funded enterprises are those whose investors are residents of the Macao SAR or legal entities or unincorporated professional service organizations established in the Macao SAR according to the law, and whose shareholding ratio is not less than twenty-five percent.
(j) Financial institutions in Macao refer to those approved to be established in accordance with the Legal Framework of the Financial System of Macao under Law No. 13/2023 or relevant proprietary regulations and are subject to the supervision of the Monetary Authority of Macao.
(xi) Office space refers to the office space in the Cooperation Zone where the planned use of the housing is office (including cultural creativity, scientific and educational research and development, and high technology) and where the real estate right certificate (including the certificate of ownership or real estate right certificate) has been obtained.
(xii) The currencies of the amounts referred to in these Measures, unless otherwise specified, are RMB. In the implementation of these measures, involving foreign currency denominated, in accordance with the People's Bank of China authorized by the China Foreign Exchange Trading Center on the day of the review of the support funds converted to the middle rate of the RMB exchange rate announced.
(xiii) The "above", "maximum", "up to", "not more than", "not more than", "not more than", "not more than", "not more than", "not more than", "not more than", "not more than". "not more than" "not less than" "not less than" are included in this number.
Article 3
Applicable Conditions
Banking institutions, financial leasing companies, subsidiaries of financial leasing companies (including specialized Financial leasing companies, subsidiaries of financial leasing companies (including specialized subsidiaries and project companies, hereinafter the same), financial leasing companies, green financial intermediary service institutions and other subjects applying for support under these measures shall simultaneously meet the following conditions:
(a) Paying taxes in the Zone in accordance with the law and operating substantially;
(b) Being in close proximity to the Zone; and left;"> (ii) not on the list of business anomalies, list of serious violations of the law and list of executors with broken trust in the past three years;
(iii) banking institutions, financial leasing companies and financial leasing subsidiaries must be approved by the financial supervisory and management authorities in accordance with the law and the financial leasing company must be included in the list of regulated financial leasing companies in Guangdong Province (not including Shenzhen). The financial leasing company must be included in the list of Guangdong Province (excluding Shenzhen) supervised financial leasing companies.
Macao financial institutions applying for support under these Measures should also meet the following conditions:
(a) approved by the Monetary Authority of Macao for the establishment of;
(ii) Not having any record of particularly serious violations of the law in the last three years as stipulated in the legal system of the Macau financial system.
Article 4
Support for Green Finance Characteristic Institutions
Support for Banking Institutions in the Cooperation Zone, Financial Leasing Co. Subsidiaries, financial leasing companies, and financial leasing companies to build green financial institutions in the cooperative zone, demonstrating and leading the green financial innovation work.
Green financial institutions recognized as eligible for support will be given RMB 2 million if they are legal entities, RMB 1 million if they are bank branches, and RMB 500,000 if they are sub-branches. Banking corporations, branches and Australian-funded enterprises set up by Macao banking institutions in the Cooperation Zone will be given one hundred and twenty percent of the corresponding support standards. The above support funds by forty percent, thirty percent, thirty percent three years to cash.
Institutions that have already received the first support fund will not be able to receive the corresponding support for the remaining year if they are no longer in compliance with the provisions of Article 5 of these Measures.
Article 5
Conditions for applying for the recognition of institutions with green financial characteristics
Institutions with green financial characteristics shall actively practice green and low-carbon operations, and orderly reduce their asset portfolio. Green financial institutions shall actively practice green and low-carbon operations and reduce the carbon intensity of their asset portfolios in an orderly manner. In addition to meeting the requirements of Article 3 of these Measures, they shall also meet the following conditions:
(1) The headquarter institution or provincial branches have established and improved mechanisms of organization and management, policies and systems, business process management, and disclosure of ESG or environmental information, etc., for the green financial business. (b) The board of directors or shareholders' meeting (if it is a legal entity), or the headquarter or provincial branches of the company explicitly support the establishment of a green financial institution in the cooperative zone;
(c) The company has formulated a green financial development plan, including a business development plan, risk management plan, and a risk management plan, and has established a green financial business plan. (c) It has formulated green finance development plans, including business development plans, risk management mechanisms, safeguard measures, etc.;
(d) It has set up a financial team compatible with the development of green finance business, and the person in charge of the team has more than two years of experience in green finance-related business;
1. At the end of the previous year, the balance of green loans or the balance of green leasing business is not less than 300 million yuan, and the proportion of the balance of green loans or the balance of green leasing business is not less than 25%, and the year-on-year growth rate is not less than 10%;
2. At the end of the previous year, the balance of green loans or green leasing business is not less than five billion yuan, and the proportion is not less than twenty-five percent, and the year-on-year growth rate is positive.
(6) Starting from the year when it receives the first support fund, it shall carry out ESG or environmental information disclosure in one of the following ways every year:
1. Independently publish ESG or environmental information disclosure reports;
2. The ESG or environmental disclosure report of the headquarter organization or provincial branch discloses the relevant information of the application subject.
Article 6
Green financial intermediary service organizations are supported to settle in the country
Supporting domestic and foreign green financial consulting service organizations, green assessment and certification organizations, etc. with strength and influence. The green financial intermediary service organizations, such as consulting service organizations, green assessment and certification organizations, etc., are supported to gather and develop in the cooperative zone. The green financial intermediary service organizations in the cooperation zone that have been recognized as meeting the conditions will be given a one-time settlement support of one million yuan; the subsidiaries set up by green financial intermediary service organizations as the single largest shareholder in the cooperation zone will be given a one-time settlement support of 500,000 yuan. Parent and subsidiary companies involving the same green financial intermediary service organization will not be given repeated support. Australian-funded enterprises are subject to one hundred and twenty percent of the corresponding support standards.
Article 7
Conditions for Green Financial Intermediary Service Institutions to Apply for Settlement Support
Green Financial Consulting Service Institutions Applying for Settlement Support The subsidiaries of green financial consulting service organizations set up in the Zone shall meet one of the following conditions:
(a) Since its establishment in the Zone, it has hosted or organized at least one offline green financial exchange activity in the Zone or in Macao, which has at least 50 participants;
(ii) has organized or hosted at least one offline green financial exchange event for the Zone or Macao since its establishment in the Zone. anchor">Guangdong, Hong Kong and Macao Greater Bay Area clients with an aggregate service fee of more than one million dollars for green finance advisory services.
Green assessment and certification organizations applying for settlement support, and subsidiaries of green assessment and certification organizations set up in the Zone, should have undertaken no less than ten assessment and certification services for green and low-carbon transformation projects or related financial services originating from the Guangdong-Hong Kong-Macao Greater Bay Area since their establishment in the Zone. Institutions, green financial intermediary service providers, and subsidiaries of green financial intermediary service providers in the Cooperation Zone shall be granted rental subsidies for office space with reference to the appraisal price by third-party professional institutions from the year they meet the conditions for accreditation.
Subsidies will be provided at a rate of no more than eighty percent of the appraised rental price and a maximum of eighty yuan per square meter per month. The subsidized area for the same applicant body does not exceed 300 square meters, and the maximum subsidy is twenty-four months. If the appraisal price is higher than the actual rental price, the actual rental price as the basis for subsidies in accordance with eighty percent.
The office space is based on the standard of fifteen square meters per person, and is calculated on the basis of the number of people who have signed a labor contract with the enterprise and have paid social security or personal income tax in the Zone, and who have actually worked in the office.
Article 9
Subsidies for Financing Costs of Green and Low Carbon Transformation Projects
Encourage relevant institutions in the Zone to account for and disclose the financing costs of green and low-carbon transformation projects in accordance with the relevant domestic and international standards. Account for and disclose environmental information such as carbon emission reductions and carbon emissions of green low-carbon transformation projects. Encourage financial institutions in the Zone or Macao to provide preferential financing support to green and low-carbon transformation projects with significant environmental benefits. For green and low-carbon transformation projects in the Cooperation Zone that have obtained financing support from financial institutions in the Cooperation Zone or Macao, subsidies will be given to the financing costs as follows:
(a) For green and low-carbon transformation projects that have obtained loans from banking institutions in the Cooperation Zone and finance companies of enterprise groups, subsidies will be given to the green and low-carbon transformation projects at a rate of 50 percent of the current Loan-to-market quoted interest rate (LPR). (a) For green and low-carbon transformation projects receiving loans from banking institutions and finance companies of enterprise groups in the Zone, the subsidized interest rate shall be 50% of the LPR of the current loan market quotation rate (LPR), and if the interest rate of the loan (subject to the stipulations in the loan contract, the same hereinafter) is lower than the LPR, the subsidized interest rate shall be 50% of the interest rate of the loan. The maximum annual subsidized interest amount for a single applicant is two million dollars.
(b) For green and low-carbon transformation projects obtaining leasing services through financial leasing companies in the Zone, subsidiaries of financial leasing companies in the Zone, financial leasing companies in the Zone, or Macao's banking institutions or Macao's financial leasing companies, rental subsidies will be granted annually at 2% of the financing amount of the financial leasing contract, with the amount of rental subsidies not exceeding the actual amount of the project in the year. The amount of rental subsidy shall not exceed the actual financing cost of the project in that year. The maximum amount of annual rental subsidy for a single applicant is two million yuan.
If the applicant subject of the above support is an Australian-funded enterprise, or if the project meets the criteria of the Common Classification Catalogue of Sustainable Finance in China and Europe, the subsidy ratio and ceiling will be 120% of the corresponding support criteria.
The main body of the support application should meet the condition that there is no default on interest payment or late repayment during the validity period of the Scheme, and if there is mid-term default on interest payment or rent payment, the overdue part of the interest payment or rent payment will not be subsidized. For financing projects linked to environmental performance, if the project fails to achieve the environmental performance agreed in the financing contract, the interest or rent subsidy will not be granted.
Article 10
Subsidization of Green Insurance Costs
Subsidies for green insurance costs purchased for the target of green buildings by enterprises of the Zone through the Zone or Macao insurance companies. The insurance products involving green building performance insurance and ultra-low-energy building performance insurance purchased by the subject of the cooperative zone enterprises through the cooperative zone or Macao insurance companies for the insurance of the cooperative zone will be subsidized at 30% of the actual insurance costs incurred, with the maximum subsidy of 300,000 yuan per year for a single insured enterprise. The main body of the insurance policy is an Australian-funded enterprise, the premium subsidy ratio and the upper limit according to the corresponding support standards of one hundred and twenty percent of the implementation.
Article 11
Subsidies for Green Assessment and Certification Costs
With regard to Article 5 of these Measures, green financing business data, Article 9 of these Measures, and the identification of green and low-carbon transformation projects, the subsidies shall be provided to the enterprises. Regarding the green financing business data covered by Article 5, the green low-carbon transformation project certification covered by Article 9, and the green insurance business certification covered by Article 10 of these Measures, the applicant is required to provide a green assessment and certification report issued by a green bond assessment and certification institution registered with the Green Bond Standard Committee or a verification institution authorized by the Climate Bonds Initiative, or a subsidiary of the former institutions established in the Mainland that has already carried out the relevant business. Each green assessment and certification will be subsidized at 100% of the cost of the applicant, with a maximum subsidy of 100,000 RMB per year for a single applicant.
Article 12
Reward for Green Finance Innovation or Excellent Cases
For enterprises of the Cooperation Zone that have been selected as Green Finance Innovation or Excellent Cases organized by one of the following entities The financial incentives will be given to enterprises in the Zone that are selected as innovative or excellent cases of green finance by one of the following organizations, as well as to Macao financial institutions whose financial service targets or business scenarios are located in the Zone:
(a) Guangdong Financial Association;
(b) Guangdong, Hong Kong and Macao Bay Area Green Finance Alliance;
(c) Guangdong, Hong Kong and Macao Bay Area Green (ii) Guangdong, Hong Kong and Macao Bay Area Green Finance Alliance;
(iii) other government departments at or above the provincial level, professional academic organizations, industry self-regulatory organizations, and industry alliances.
A single selected case will be awarded 250,000 RMB. If the same case involves more than one participant, the designated party may apply after consultation among the relevant parties.
If the same case is selected in more than one competition, it can only apply for one award.
Article 13
Green Finance Talent Award
Encourage the governmental departments, enterprises and public institutions in the Cooperation Zone to organize their employees to carry out ESG, green sustainable development related training. For staff members (including financial service practitioners and staff members whose positions or duties involve green and sustainable development) who have signed labor contracts with enterprises operating in the Zone and have paid social security and personal income tax in the Zone for more than six months, a one-time award of 4,000 yuan will be given to those who have obtained one of the following certificates:
(i) Certificate of ESG Investing issued by the Chartered Financial Analyst (CFA) Institute;
(ii) Certificate of Certified ESG Analyst or ESG Essentials issued by the European Financial Analysts Association (EFFAS);
(c) Certified ESRA Training Certificate for Financial Institutions issued by UNEP FI;
(d) Green Sustainability Bond Training ( Green Sustainability Bond Training) issued by Climate Bonds Initiative;
(e) Green Sustainability Bond Training ( Green Sustainability Bond Training) issued by Climate Bonds Initiative. (d) Green Sustainable Bonds Training ( GSS+ Bonds Training ) certificate issued by the Climate Bonds Initiative.
Article 14
Application Process
The Financial Development Bureau of the Cooperative Zone arranges for centralized acceptance of applications once a year (the specific time shall be determined by the notice of filing issued). The main body of the application should apply on time, and those who do not apply after the deadline are regarded as automatically giving up, the specific process is as follows:
(a) System application. The main body of the application, according to the notice requirements, log in the application system to fill out the application form and upload the attached materials.
(2) Acceptance. Cooperation Zone Financial Development Bureau of the preliminary examination of the application materials do not meet the admissibility conditions, inadmissibility; incomplete information, a one-time notification of the need to complete the information, the subject of the application shall be within the prescribed time to complete the information; meet the admissibility conditions and the information is complete, to be admissible.
(C) review. Cooperation Zone Financial Development Bureau of the application for review.
(d) Funding finalization. Cooperative Zone Financial Development Bureau based on the findings of the audit to determine the appropriate list of funds disbursed.
(E) public announcement. The Financial Development Bureau of the Cooperation Zone will publicize the list of organizations and persons to be supported and the amount of funds on the official website of the Cooperation Zone for five working days.
(F) Fund allocation. After the expiration of the publicity period without objection or after investigation of the objection is not established, by the Cooperation Zone Financial Development Bureau in accordance with the provisions of the disbursement of funds.
Article 15
Supervision and Administration
The subject of the application shall guarantee the completeness, truthfulness, accuracy, and legitimacy of its application materials. The application materials shall be complete, authentic, accurate and legal. For the application subject to fraudulent fraudulent support funds, once found, the application subject shall not re-apply for support under this scheme; for those who have received the support funds, the funds obtained shall be returned and interest shall be charged according to the current Loan Market Quotation Rate (LPR); for those who are suspected of violating the law or committing a crime, the funds shall be transferred to the competent authorities according to the law.
Article 16
Application Principles
Unless otherwise stipulated, the fact that the subject of the application applies for the support of these Measures does not affect its application for the support of Unless otherwise specified, the application of the subject of the application will not affect his application for other policy support of the State, Guangdong Province and the Cooperation Zone.
If the subject of the application applies for the Measures and other support measures of the same type in the Zone at the same time, the application shall be made in accordance with the principle of "selection of the best and not duplicated", unless otherwise specified.
Article 17
Right of Interpretation
These Measures shall be interpreted and implemented by the Financial Development Bureau of the Cooperation Zone.
Article 18
Date of Enforcement and Validity Period
These Measures shall be enforced on December 6, 2024, and shall be valid until December 31, 2026
Those who meet the conditions for support under these Measures from January 1, 2024 to December 31, 2024 can apply for support funds in 2025, and those who meet the conditions for support under these Measures in 2025 or 2026 can apply for support funds in the following year.
The effective period of time expires and the relevant funds should be paid but not paid out, continue to implement the completion.
