Chapter 1 General Provisions
Article 1 To fully implement the deployment requirements of the central and provincial governments, seize opportunities for deepening reform and development in the capital market, give full play to the role of the capital market in optimizing resource allocation and promoting industrial transformation and upgrading, and support Hebi City in building a model city for high-quality development in the new era, these Measures are formulated in accordance with the arrangements set forth in the “Notice of the General Office of the People’s Government of Henan Province on Issuing the Implementation Plan for the Five-Year Doubling Action to Promote Enterprise Listings in Henan Province” (Yu Zheng Ban [2022] No. 61), and in light of the actual conditions of our city.
Article 2 The use and management of incentive funds shall adhere to the principles of “government guidance, prioritization of key areas, openness and transparency, and emphasis on practical results.” These funds are applicable only to enterprises whose registered office and primary production and business operations are located within the jurisdiction of Hebi City and are subject to the city’s tax administration.
Chapter II Reward Standards
Article 3 Support for Initial Public Offerings (IPOs) in China. Enterprises that conduct an IPO on the Shanghai Stock Exchange, Shenzhen Stock Exchange, or Beijing Stock Exchange shall be awarded 8 million yuan. This reward shall be implemented in phases: 500,000 yuan shall be awarded upon filing for guidance with the Henan Securities Regulatory Bureau; 1.5 million yuan shall be awarded upon acceptance of the IPO application materials by the stock exchange; and 6 million yuan shall be awarded following a successful IPO issuance.
Article 4 Support for Listing on the National Equities Exchange and Quotations (hereinafter referred to as the “NEEQ”). A reward of 300,000 yuan shall be granted for listing on the NEEQ Basic Layer; a reward of 700,000 yuan shall be granted to enterprises that, after cultivation in the NEEQ Basic Layer, advance to the NEEQ Innovation Layer for the first time. A reward of 1,000,000 yuan shall be granted for direct listing on the NEEQ Innovation Layer.
Article 5: Support for Transfer Listings. Enterprises listed on the NEEQ that successfully transfer to the Shanghai Stock Exchange, Shenzhen Stock Exchange, or Beijing Stock Exchange shall receive a supplementary reward equal to the difference between the total reward standard of 8 million yuan for domestic initial public offerings and the listing reward funds already paid.
Article 6 Support for Overseas Listings. Enterprises that successfully conduct an initial public offering (IPO) on overseas capital markets shall receive a one-time reward of 5 million yuan.
Article 7: Support for Relocation of Listed Enterprises. Domestic listed enterprises registered outside the city that relocate their registered office to Hebi City shall be granted a one-time reward of 8 million yuan. Overseas listed enterprises registered outside the city that relocate their registered office to Hebi City shall be granted a one-time reward of 5 million yuan.
Article 8 Support for Listing on Regional Equity Markets. Enterprises that have been filed and approved by relevant county or district authorities and are listed on the Trading Board or the Showcase Board of the Zhongyuan Equity Exchange Center shall be granted one-time rewards of 300,000 yuan and 30,000 yuan, respectively.
Chapter III: Application Requirements and Fund Disbursement Procedures
Article 9 Filing Requirements. Within one month of signing an agreement with a listing advisory firm, the enterprise shall file with the relevant municipal department responsible for financial affairs, submitting filing materials such as a company profile, a copy of the business license, and a copy of the advisory agreement.
Article 10 Fund Disbursement Process. Enterprises may apply for funds promptly upon meeting the reward criteria. Applicants for municipal-level fixed tax sources shall submit applications directly to the relevant municipal department responsible for financial affairs. After preliminary review by the relevant municipal department and re-examination by the Municipal Finance Bureau, the application shall be submitted to the municipal government for approval. The Municipal Finance Bureau shall disburse the reward funds accordingly.Applicants for municipal-district shared tax revenue shall first submit a reward application to the relevant district department responsible for financial affairs. After obtaining approval from the district government, they shall submit the application to the relevant municipal department responsible for financial affairs. Subsequent disbursement of municipal-level reward funds shall follow the same process as that for applicants with municipal-level fixed tax revenue.Applicants for county-level fixed tax sources shall submit reward applications directly to the relevant county-level departments responsible for financial affairs. After preliminary review by the relevant county-level departments responsible for financial affairs and re-examination by the county-level finance department, the application shall be submitted to the county government or administrative committee for approval. The county-level finance department shall disburse the reward funds accordingly and file a report with the relevant municipal departments responsible for financial affairs after the funds have been disbursed.
Article 11 Application Materials
(1) Materials required for all stages of rewards related to an enterprise’s application for a domestic listing: enterprise application documents, a copy of the enterprise’s business license, a commitment regarding the authenticity of the application materials, materials regarding the fundraising and investment projects, account information, credit reports, and other relevant materials.For rewards at the application for tutoring registration stage, additional materials required include a copy of the tutoring agreement and relevant materials regarding the company’s tutoring registration from the securities regulatory authorities; for rewards at the application acceptance stage, additional materials required include relevant materials regarding acceptance from the stock exchange; for rewards at the listing and issuance stage, additional materials required include the China Securities Regulatory Commission’s approval for the initial public offering (IPO) registration, the listed company’s announcement of the IPO, and the stock exchange’s notice of listing and trading, among other relevant materials.
(2) Materials required for rewards related to applications for overseas listings: company application documents, a copy of the business license, a commitment regarding the authenticity of the application materials, materials regarding fundraising and investment projects, account information, credit reports, the CSRC’s public notice of filing, and official letters from overseas stock exchanges certifying that the company has completed the relevant listing procedures, among other relevant materials.
(3) Materials required for companies applying for listing incentives: company application documents, a copy of the business license, a commitment regarding the authenticity of the submitted materials, materials related to fundraising and investment projects, account information, a credit report, and a letter of consent for listing issued by the National Equities Exchange and Quotations (NEEQ) (or a letter of consent for listing issued by the Zhongyuan Equity Exchange Center), among other relevant materials.
(4) Materials required for listed companies applying for relocation incentives: company application documents, a copy of the business license, a commitment to the authenticity of the submitted materials, account information, credit reports, proof of relocation of the registered address to our city, and the “Multiple Certificates into One” registration information confirmation form, among other relevant materials.
When district-level enterprises apply for municipal-level incentive funds, the relevant district-level financial authorities shall submit their application documents to the corresponding municipal-level financial authorities, attaching the enterprise’s application materials as appendices. After incentive funds are disbursed to county-level enterprises, the relevant county-level financial authorities shall submit the enterprise’s application materials and proof of fund disbursement to the corresponding municipal-level financial authorities for record-keeping.
Article 12 Sources of Incentive Funds. Incentive funds for applicants with municipal-level fixed tax sources shall be fully funded by the municipal finance department; funds for applicants with tax sources shared between the city and districts shall be funded 50% each by the municipal and district finance departments; and funds for applicants with county-level fixed tax sources shall be fully funded by the finance department of the county or district where the enterprise is located.
Article 13. The relevant municipal departments responsible for financial affairs shall calculate the incentive funds for the following year by the end of November each year. The Municipal Finance Bureau shall incorporate these funds into the annual fiscal budget and submit them for approval in accordance with statutory procedures.
Chapter IV Supplementary Provisions
Article 14. Enterprises applying for incentive funds must submit relevant materials truthfully in accordance with regulations. Any enterprise found to have submitted false materials or fraudulently obtained or misappropriated incentive funds shall be dealt with severely in accordance with relevant laws and regulations, and its violation information shall be reported to credit platforms and included in the scope of joint disciplinary actions for dishonesty.
Article 15 Enterprises listed on the list of seriously dishonest entities shall not apply for the incentive funds specified in these Measures. Enterprises that have received administrative penalties due to safety incidents shall not apply for the incentive funds specified in these Measures during the current year and the following two fiscal years.
Article 16: Enterprises applying for incentive funds related to domestic initial public offerings (IPOs), overseas listings, or listings on the National Equities Exchange and Quotations (NEEQ) must ensure that their primary fundraising projects are implemented in Hebi.
Article 17 To ensure policy continuity, enterprises that have already received incentive funds under the “Notice of the Hebi Municipal People’s Government on Issuing the ‘Thousand Cranes Spread Their Wings’ Action Plan for Accelerating Enterprise Listings and Listings in Hebi” (Hebi Government [2020] No. 18) shall not be eligible for duplicate incentives.
Article 18 These Measures shall take effect from the date of issuance and remain valid for three years. The provisions regarding listing and listing rewards in the “Notice of the Hebi Municipal People’s Government on Issuing the ‘Thousand Cranes Spread Their Wings’ Action Plan for Accelerating Enterprise Listing and Listing in Hebi City” (He Zheng [2020] No. 18) andthe “Notice of the Office of the Hebi Municipal People’s Government on Issuing the Implementation Plan for Accelerating the Listing and Quotation of Enterprises in Hebi City” (He Zheng Ban [2022] No. 45), provisions regarding listing and quotation incentives that are inconsistent with these Measures shall be implemented in accordance with these Measures.
