Original Title: Notice from the Office of the People’s Government of Baokang County on Issuing Several Measures to Optimize the Business Environment with a Focus on Cost Control, Several Policy Measures to Better Serve Market Entities and Promote Steady Economic Development, and Follow-up Policies to Better Serve Market Entities and Promote Steady Economic Development
To thoroughly implement the decisions and arrangements of the Central Committee of the Communist Party of China and the State Council, as well as the work requirements of the provincial and municipal Party committees and governments; to seize the critical window of opportunity for economic recovery; to better serve market entities; to vigorously boost market confidence; to effectively enhance development vitality; and to promote steady yet accelerating economic progress,the following policy measures are hereby formulated.

I. Strengthening Financing Support

(1) Expand the issuance of new loans. In 2023, the county’s total new loan volume shall reach 4 billion yuan, of which new inclusive loans for small and micro enterprises shall exceed 500 million yuan. (Responsible Units: Baokang Branch of the People’s Bank of China, County Banking and Insurance Regulatory Group, County Financial Affairs Office)

(2) For banking financial institutions, for first-time loans newly issued to small, medium, and micro enterprises (including individual businesses) in 2023, apply to the County Finance Bureau for incentive funds equivalent to 0.5‰ of the actual loan amount disbursed. (Responsible Units: County Finance Bureau, Baokang Branch of the People’s Bank of China, County Banking and Insurance Regulatory Group, County Financial Affairs Office)

(3) Provide a 2% interest subsidy for loans issued by financial institutions to “first-time borrowers” among SMEs and micro-enterprises (including individual businesses), ensuring that the actual interest rate borne by such borrowers after the subsidy does not exceed 2.35%. (Responsible Units: County Finance Bureau, Baokang Branch of the People’s Bank of China, County Banking and Insurance Regulatory Group, County Financial Affairs Office)

(4) Provide phased rewards totaling 4 million yuan for enterprises’ initial public offerings (IPOs). Specifically, for IPOs on the Shanghai or Shenzhen Stock Exchanges, rewards of 1 million yuan, 1.5 million yuan, and 1.5 million yuan will be granted at the three milestones of filing for guidance, acceptance of application materials, and successful issuance and listing, respectively;For initial public offerings on the Beijing Stock Exchange, rewards of 1 million yuan, 250,000 yuan, 250,000 yuan, 1 million yuan, and 1.5 million yuan will be granted at the five milestones of listing on the Basic Tier of the National Equities Exchange and Quotations (NEEQ), listing on the Innovation Tier of the NEEQ, filing for tutoring, acceptance of application materials, and successful issuance and listing (the first two milestones may be combined);Enterprises that operate and pay taxes in our county, successfully list on overseas markets, and invest more than 70% of their raised funds in our county will receive a one-time reward of 3.5 million yuan. (Responsible Units: County Finance Bureau, County Financial Affairs Office)

II. Strengthening Support to Help Small, Medium, and Micro Enterprises Overcome Difficulties

(5) The County Finance Bureau and the County State-owned Investment Company will each contribute 250 million yuan, totaling 500 million yuan, to establish the Baokang Guoyuan Green Development Investment Partnership (Limited Partnership) to provide short-term working capital for enterprises and inject capital into high-quality enterprises. A Baokang County SME Emergency Bridge Working Capital Fund will be established, specifically to provide short-term loan renewal working capital for SMEs facing temporary cash flow difficulties that are unable to repay working capital loans but whose lending banks guarantee full loan renewal.(Responsible Units: County Finance Bureau, County State-owned Investment Company, Bureau of Science and Economy)

(6) Encourage SMEs to participate in government procurement activities. In principle, all goods and services projects under 2 million yuan and engineering projects under 4 million yuan shall be reserved exclusively for SMEs. For procurement projects exceeding these amounts, where the services or goods are suitable for provision by SMEs, at least 50% of the total project budget shall be reserved for SMEs, with no less than 60% of that reserved for micro and small enterprises.The specific allocation method shall be specified in the procurement project plan filing form or the bidding plan, and shall be listed in the bidding and procurement documents and announcements. (Responsible Units: County Finance Bureau, County Public Resources Trading Center, County Administrative Approval Bureau)

(7) Continue to promote the “Government Procurement Loan” program. Utilize the Hubei Provincial Government Procurement Contract Financing Platform to support SMEs in applying for “unsecured, uncollateralized” online financing from banks using government procurement contracts. (Responsible Units: County Finance Bureau, Baokang Branch of the People’s Bank of China, County Bureau of Science and Economy)

III. Strengthening Land Supply Guarantees

(8) For eligible industrial projects, the minimum transfer price may be set at 70% of the standard corresponding to the local land grade, provided it is not lower than the land acquisition cost. For eligible industrial enterprises, provided that the land use is not altered and the project complies with territorial spatial planning and work safety requirements, industrial enterprises may increase factory buildings and supporting facilities within the original land use area through methods such as “zero-land technical renovation” and develop and utilize underground space. There shall be no upper limit on the floor area ratio, and no additional land transfer fees shall be levied.(Responsible Unit: County Bureau of Natural Resources and Planning)

(9) Conduct a comprehensive survey of the quantity and types of new industrial land. Deepen the reform of “standard land” concessions for new industrial land. For eligible industrial projects (those that have completed regional unified evaluations), implement a parallel approval process for the “four permits”—the Construction Land Planning Permit, Real Estate Ownership Certificate, Construction Engineering Planning Permit, and Construction Engineering Construction Permit—across relevant departments.Accelerate the application of completed regional unified evaluation results. For newly established investment projects, except for those with special technical requirements or “NIMBY” concerns, sites must, in principle, be selected within the coverage area of the regional unified evaluation results. (Responsible Unit: County Bureau of Natural Resources and Planning)

IV. Supporting Job Retention, Employment, and Entrepreneurship

(10) For enterprises that hire individuals facing employment difficulties, and for small and micro enterprises that hire college graduates in their graduation year or within two years of leaving school, provided they sign labor contracts of one year or longer and pay social insurance premiums for them, subsidies will be provided based on the basic old-age insurance, basic medical insurance, and unemployment insurance premiums actually paid by the enterprise for eligible individuals, excluding the portion payable by the individual.The duration of social insurance subsidies for individuals facing employment difficulties shall not exceed three years (extendable until retirement for those less than five years away from the statutory retirement age); the duration for college graduates shall not exceed one year. (Responsible Unit: County Human Resources and Social Security Bureau)

(11) Full-time students at regular higher education institutions and college graduates within five years of graduation who establish a business for the first time in Baokang, obtain a business license, and serve as the legal representative of the enterprise may apply for a monthly entrepreneurship living subsidy of 1,000 yuan per person starting one year after obtaining the business license. The subsidy is disbursed annually, with a maximum duration not exceeding three years.College graduates, returning entrepreneurs, and individuals facing employment difficulties who establish small and micro enterprises, individual businesses, private non-enterprise units, or farmers’ professional cooperatives in Baokang for the first time, complete registration, operate normally for at least six months, create employment for at least two people, and have not previously received this subsidy within the province may be granted a one-time startup subsidy of 5,000 yuan in accordance with regulations. (Responsible Unit: County Human Resources and Social Security Bureau)

(12) For individuals facing employment difficulties, full-time students at regular higher education institutions, and graduates within five years of graduation who establish a business for the first time in Baokang and lease premises, a subsidy of 5,000 yuan per year for rent, utilities, broadband internet, and public software will be provided for three consecutive years, provided they meet the relevant requirements. (Responsible Unit: County Human Resources and Social Security Bureau)

(13) For projects initiated by college graduates or returnees establishing a business for the first time in Baokang and obtaining a business license, financial support ranging from 20,000 to 200,000 yuan may be provided upon evaluation. Enterprises recognized as Xiangyang City Returnee Entrepreneurship Demonstration Projects will receive a one-time award of 20,000 yuan. (Responsible Unit: County Human Resources and Social Security Bureau)

(14) Increase interest subsidies for entrepreneurs and micro and small enterprises under the entrepreneurship loan policy. In coordination with designated banks, reduce the interest rate borne by individuals on new entrepreneurship guarantee loans issued in 2023 from 2.35% to 1.5%, thereby lowering financing costs for individual entrepreneurs and micro and small enterprises. (Responsible Units: County Human Resources and Social Security Bureau, Baokang Branch of the People’s Bank of China, County Banking and Insurance Regulatory Group, County Financial Affairs Office)

V. Stimulating Corporate Innovation

(15) Identify technology-based enterprises eligible for support from the Provincial Science and Technology Innovation Angel Fund, actively seek funding from the Provincial Science and Technology Innovation Angel Fund, and assist in the growth and expansion of our county’s technology-based enterprises. (Responsible Units: County Bureau of Science and Technology and Economy, County Finance Bureau, County State-owned Investment Company)

(16) Encourage enterprises to leverage the advantages of scientific and technological talent, research equipment, and key data resources from universities and research institutes to establish research and innovation platforms suitable for their development. Focus on implementing science and technology projects and tackling key technical challenges to resolve various innovation-related difficulties in enterprise development. Assist enterprises in accessing new technologies and achievements in industrial development, encourage technology transfer, promote the application and commercialization of research outcomes, and support enterprise growth. (Responsible Unit: County Bureau of Science and Technology and Economy)

VI. Empowering Market Entities for Digital Development

(17) Enterprises designated as provincial-level pilot or demonstration enterprises for smart manufacturing, service-oriented manufacturing, or the integration of informatization and industrialization, as well as those recognized as “Internet+Industry” or other provincial-level demonstration enterprises, shall each receive a reward of 100,000 yuan; enterprises designated as Xiangyang municipal-level smart manufacturing factories, digital production workshops, digital production lines, pilot or demonstration enterprises for “replacing humans with machines,” or recipients of other Xiangyang municipal-level honors shall each receive a one-time reward of 50,000 yuan;For new industrial projects constructed to smart factory standards that are completed and put into operation within three years with actual fixed-asset investment reaching 100 million yuan or more, a subsidy of 5% of the project’s software (included in fixed-asset management) and equipment investment will be provided, not exceeding 5 million yuan; for projects meeting the standards of digital production lines, digital production workshops, or smart factories, a subsidy of 10% of the project’s software (included in fixed-asset management) and equipment investment will be provided, not exceeding 5 million yuan;For projects included in national or provincial industrial internet platform pilot demonstrations with actual equipment and software investments of 5 million yuan or more in the current year, a subsidy of 20% of the project’s actual investment will be provided, not exceeding 1 million yuan. (Responsible Units: County Bureau of Science, Technology, and Economy; County Finance Bureau)

(18) For digital leading enterprises—including those ranked among the national top 100 in electronics and information technology, software, or the internet—that establish their headquarters (including R&D headquarters and regional headquarters) in the county, a matching subsidy equal to 50% of the actual municipal-level reward funds will be provided. (Responsible Units: County Bureau of Science and Economy, County Bureau of Commerce)

VII. Maintaining the Intensity of Government Investment

(19) Align with central and provincial investment policies, seize opportunities arising from policy adjustments, strengthen the planning of major projects and the construction of new infrastructure, and strive to secure more than 150 million yuan in central infrastructure investment funds and issue more than 450 million yuan in new local government bonds in 2023. (Responsible Units: County Finance Bureau, County Development and Reform Bureau)

VIII. Encouraging SMEs to Increase Investment

(20) A reward of 100,000 yuan will be granted to enterprises designated as provincial-level pilot demonstration enterprises for smart manufacturing, service-oriented manufacturing, and the integration of informatization and industrialization, as well as to “Internet Plus Industry” and other provincial-level pilot demonstration enterprises. A one-time reward of 50,000 yuan will be granted to enterprises designated as Xiangyang municipal-level pilot demonstration enterprises for smart manufacturing, smart factories, digital production workshops, digital production lines, and “replacing humans with machines,” as well as to those receiving other Xiangyang municipal-level honors.Guide existing enterprises to accelerate the pace of intelligent transformation. For those meeting the standards for digital production lines, digital production workshops, or smart factories, a subsidy of 10% of the project’s software (included in fixed asset management) and equipment investment will be provided, with a maximum of 5 million yuan.Enterprises newly recognized at the provincial level as “Hidden Champions” in niche sectors of pillar industries, “Science and Technology Little Giants,” or “Specialized, Refined, Unique, and Innovative” (“Little Giants”) enterprises will each receive a one-time reward of 250,000 yuan, 150,000 yuan, and 100,000 yuan, respectively. (Responsible Unit: County Bureau of Science and Technology and Economy)

(21) Guide enterprises to advance clean production technology upgrades. For industrial projects involving air pollution control, water pollution prevention, energy and water conservation, and clean production technology upgrades with actual investments of 1 million yuan or more in the current year, a subsidy of 5% of the actual equipment investment will be provided upon completion and commencement of operations, with a maximum of 1 million yuan. (Responsible Units: County Bureau of Science and Economy, County Finance Bureau)

IX. Stimulating Market Consumption

(22) Issue the “2023 County-wide Consumption Promotion Activity Plan” and formulate promotional plans covering holidays throughout the year and key current consumption sectors to foster a consumption atmosphere characterized by “a different theme each season and highlights every month.”During key holiday consumption periods, guide the wholesale, retail, accommodation, and catering sectors to comprehensively launch promotional activities across all product categories, including apparel, food, home appliances, home furnishings, and automobiles; attract consumers and pass on benefits through holiday discounts on over a thousand products, the distribution of promotional coupons, spend-and-get-free offers, and package deals;Encourage the catering industry to launch group-buying activities to promote consumption upgrades; simultaneously, leverage the favorable policy of distributing Hubei consumption vouchers on March 16 to guide commerce enterprises in vigorously promoting store-wide voucher stacking campaigns, allowing consumers to enjoy “discounts on top of discounts” for greater savings, thereby increasing product sales and stimulating economic growth in the commerce sector. (Responsible Units: County Commerce Bureau, County Finance Bureau, County Market Supervision Bureau)

(23) Issue the “Several Reward Measures of Baokang County to Support High-Quality Economic Development,” providing financial incentives to enterprises newly classified as “above-scale” to support their expansion and strengthening, thereby promoting enterprise development. (Responsible Units: County Commerce Bureau, County Finance Bureau, County Science and Technology Bureau, County Market Regulation Bureau, County Financial Affairs Office, Baokang Branch of the People’s Bank of China, County Culture and Tourism Bureau)

(24) For auto shows approved by the county government or filed with the County Bureau of Commerce, where the event is held in our county for at least two days (excluding setup and dismantling time), a subsidy of 30,000 yuan will be provided for each show with 10 to 19 participating enterprises, and a subsidy of 50,000 yuan for each show with 20 or more participating enterprises. The cumulative annual subsidy for a single enterprise shall not exceed 150,000 yuan. (Responsible Unit: County Bureau of Commerce)

(25) Continue to implement the city-wide special policies to promote automobile consumption. Actively support local automobile dealers in participating in city-wide automobile exhibitions and sales events. A subsidy of 30% of the actual booth fees incurred by the enterprise will be provided, with the cumulative annual subsidy for a single enterprise not exceeding 100,000 yuan. (Responsible Units: County Bureau of Science and Economy, County Bureau of Commerce, County Finance Bureau)

(26) Implement multiple measures, such as the transfer of second-hand housing with existing mortgages and intergenerational mutual aid in the use of housing provident funds, to stimulate housing consumption, support basic and upgrade housing needs, and promote the healthy and stable development of the real estate industry. (Responsible Unit: County Housing Provident Fund Office)

(27) Issue the “Several Measures of Baokang County on the Development of the Culture and Tourism Industry.” Travel agencies that organize and host day-trip tourists visiting one or more commercial A-level scenic spots in Baokang will receive annual rewards based on total volume;For tourists who stay overnight in Baokang and visit at least one commercial A-level scenic spot, or for tour groups organized in a single trip comprising 150 people on a tour bus or 100 people or more via high-speed rail, who stay overnight in Baokang and visit at least two commercial A-level scenic spots, rewards will be granted according to the standards for large tour groups. Tiered rewards will be implemented based on the total number of tourists organized and received. (Responsible Unit: County Culture and Tourism Bureau)

(28) Newly designated national three-star, four-star, and five-star tourist hotels will receive rewards of 100,000 yuan, 500,000 yuan, and 1,000,000 yuan, respectively; business entities newly certified as national Class A, Class B, and Class C tourist homestays will receive rewards of 200,000 yuan, 100,000 yuan, and 50,000 yuan, respectively. (Responsible Unit: County Culture and Tourism Bureau)

X. Supporting “Going Global” and “Bringing In”

(29) Guide enterprises to actively participate in initiatives such as the China International Fair for Trade in Services (CIFTIS), the Canton Fair, and the China International Import Expo (CIIE) under the “Thousand Enterprises, Hundred Exhibitions, Going Global to Expand Markets” campaign, helping enterprises promote their products, understand international market conditions, seek partners, and explore new international markets.Issue the “Several Measures of Baokang County on Rewards for Export Earnings,” using policy guidance to cultivate foreign trade entities, guide foreign trade enterprises to stabilize volumes and increase production, and expand exports, while encouraging domestic trade enterprises to transform and upgrade into foreign trade export enterprises. Fully leverage the professional role of the Foreign Trade Comprehensive Service Center to promote products and expand markets for the county’s foreign trade enterprises through platforms such as Chumaitong and Huijietong. (Responsible Unit: County Commerce Bureau)

(30) Continue to intensify publicity efforts regarding cross-border e-commerce policies and guide enterprises to continuously expand their cross-border e-commerce operations. Step up investment promotion efforts, actively engage with foreign trade and export enterprises in developed coastal regions, and strive to attract cross-border e-commerce enterprises. (Responsible Unit: County Bureau of Commerce)

(31) Extensively publicize the “immediate export, immediate refund” policy, guiding foreign trade export enterprises to cooperate with tax authorities by providing required documentation and promptly processing export tax refunds. (Responsible Units: County Commerce Bureau, County Tax Bureau)

XI. Supporting the Development of the Transportation and Logistics Industry

(32) Strengthen policy outreach to all logistics and express delivery enterprises within the county. Provide one-time subsidies of 50,000 yuan and 100,000 yuan, respectively, to logistics enterprises newly certified as national 1A and 2A grade.For newly certified national 3A, 4A, and 5A-level logistics enterprises, in accordance with the spirit of the document “Notice of the Municipal People’s Government on Issuing Several Policy Measures to Better Serve Market Entities and Promote Steady Economic Development” (Xiang Zheng Ban Fa [2023] No. 4), actively assist enterprises in securing one-time subsidies of 200,000 yuan, 400,000 yuan, and 500,000 yuan, respectively.For projects successfully established as national or provincial multimodal transport demonstration projects, in accordance with the spirit of the "Notice of the Municipal People’s Government on Issuing Several Policy Measures to Better Serve Market Entities and Promote Steady Economic Development" (Xiang Zheng Ban Fa [2023] No. 4), the county will actively assist enterprises in securing one-time subsidies of 500,000 yuan and 200,000 yuan, respectively. (Responsible Unit: County Transportation Bureau)

(33) For newly established low-temperature warehousing and distribution centers with an investment of 30 million yuan or more, where the operational area for cold-chain logistics accounts for 60% or more of the total land area, a one-time subsidy of 3% of the investment amount, up to a maximum of 1 million yuan, shall be provided.For the purchase of cold chain transportation equipment—including new energy-efficient and environmentally friendly cold chain vehicles, refrigerated containers, end-to-end temperature and humidity monitoring equipment, and low-temperature insulation equipment—with a total investment of 1 million yuan or more, a one-time incentive of 5% of the investment amount, up to a maximum of 500,000 yuan, shall be provided. (Responsible Unit: County Transportation Bureau)

XII. Fully Implement Tax Incentive Policies

(34) Extensively publicize policies regarding the exemption of vehicle purchase tax for new energy vehicles. Value-added tax (VAT) shall be exempted for small-scale VAT taxpayers with monthly sales of 100,000 yuan or less (inclusive). (Responsible Unit: County Tax Bureau)

(35) Extend the repayment period for temporarily deferred social insurance contributions. After the expiration of the temporary deferral policies for basic old-age insurance, unemployment insurance, and work-related injury insurance for enterprise employees, insured entities are permitted to make repayments in installments or on a monthly basis by December 31, 2023, with no late payment penalties during the repayment period. Work-related injuries occurring during the deferral period shall not affect employees’ entitlement to benefits. (Responsible Unit: County Human Resources and Social Security Bureau)

(36) Provide rewards of 250,000 yuan, 100,000 yuan, and 50,000 yuan, respectively, to entities newly designated as national, provincial, or Xiangyang municipal-level demonstration bases for entrepreneurship and innovation among small and micro enterprises. Issue the “Notice on Implementing Rent Reduction, Exemption, and Deferral Measures for Administrative and Public Institutions and State-Owned Enterprises in 2023.”Rent for enterprises located in the Baokang Branch of the Xiangyang Human Resources Industrial Park and the Returnee Industrial Park shall be fully waived; rent for storefronts on the Employment Street managed by the Employment Bureau shall be reduced by one month; and rent for micro and small enterprises and individual businesses engaged in production and business operations that comply with relevant national regulations—and which lease premises from administrative and public institutions, state-owned enterprises, or entrepreneurship and innovation bases, public service platforms, and incubators within the county that receive fiscal subsidies—shall be reduced by one month.(Responsible Units: County Finance Bureau, County Science and Technology Bureau, County Human Resources and Social Security Bureau)

(37) For micro and small enterprises and individual businesses that have been unable to pay their utility bills on time due to the impact of the pandemic, water, electricity, and natural gas services will not be suspended for unpaid bills until the end of March 2023, and late payment penalties will be waived. (Responsible Units: County Housing and Urban-Rural Development Bureau, County Water Supply Company, County Natural Gas Company, County Power Supply Company)

This policy shall take effect from the date of issuance. Unless otherwise specified, the relevant measures shall remain in effect until December 31, 2023.

To thoroughly implement the important instructions and directives of General Secretary Xi Jinping on economic work, fully implement the spirit of the 20th National Congress of the Communist Party of China, and in accordance with the requirements of the Central Economic Work Conference and the Provincial Party Committee Economic Work Conference, we will adhere to the principle of prioritizing stability while seeking progress amidst stability,maintain policy continuity and precision, and use proactive policy measures to stabilize expectations, boost confidence, and promote development, thereby achieving effective qualitative improvement and reasonable quantitative growth, the following follow-up policies are formulated in accordance with the “Notice of the General Office of the Provincial Government on Issuing Follow-up Policies to Better Serve Market Entities and Promote Steady Economic Development” (E Zheng Ban Fa [2023] No. 6).

I. Targeted Expansion of Effective Investment

(1) Promoting Quality Improvement and Efficiency Enhancement in Enterprises. Further leverage the positive role of technological transformation in stabilizing growth, expanding investment, and promoting transformation; accelerate the transformation and upgrading of traditional industries;consolidate the momentum of emerging industries, and focus on industrial projects in key sectors that “stabilize the present and build long-term momentum”—such as advanced manufacturing, agricultural product processing, industrial digital transformation, and energy-saving and carbon-reduction upgrades in priority areas. Aligned with the county’s central tasks, we will strengthen communication and collaboration among government, banks, and enterprises; advance financial support for key industrial chains and the “financial chain leader” system; enhance industrial integration; and actively meet enterprises’ reasonable credit needs.A one-time reward of 500,000 yuan, 300,000 yuan, and 200,000 yuan will be granted to each enterprise newly recognized by the state as a "Single-Champion Demonstration Enterprise" in manufacturing, a "Single-Champion Product Enterprise," or a "Specialized, Refined, Distinctive, and Innovative (SRDI) 'Little Giant' Enterprise," respectively.For enterprises newly recognized at the provincial level as "Hidden Champions" in niche sectors of pillar industries, "Science and Technology Little Giants," or "Specialized, Refined, Unique, and Innovative 'Little Giants,'" one-time rewards of 250,000 yuan, 150,000 yuan, and 100,000 yuan will be granted to each, respectively. For entities newly designated as national, provincial, or Xiangyang municipal-level demonstration bases for entrepreneurship and innovation among small and micro enterprises, rewards of 250,000 yuan, 100,000 yuan, and 50,000 yuan will be granted, respectively.(Responsible Units: County Development and Reform Bureau, County Science and Technology Bureau, County Finance Bureau, People’s Bank of China Baokang Branch)

(2) Accelerate investment in technological transformation and upgrading.For technical renovation projects of industrial enterprises above designated size, those with new equipment investments of 2 million yuan or more in the current year and a year-on-year increase in taxable income will receive a subsidy equivalent to 5% of the new equipment investment, up to a maximum of 1 million yuan. For industrial projects involving air pollution control, water pollution prevention and control, energy and water conservation, and clean production technical renovations with actual investments of 1 million yuan or more in the current year, a subsidy of 5% of the actual equipment investment will be provided upon completion and commencement of operations, up to a maximum of 1 million yuan.Establish a “whitelist” for financial support of major projects. Urge financial institutions to closely monitor major projects in accordance with the credit allocation plans formulated at the beginning of the year, ensure the completion of credit allocation targets, promptly resolve bottlenecks and difficulties in credit disbursement, and ensure that financial institutions fully utilize their existing credit quotas. Achieve a 100% financing match rate for projects with fixed-asset investments of 100 million yuan or more. (Responsible Units: County Bureau of Science and Economy, County Development and Reform Bureau, People’s Bank of China Baokang Sub-branch)

(3) Boost Investment in Digital Infrastructure. Actively coordinate with telecommunications operators—including China Telecom, China Mobile, China Unicom, China Broadcasting Network, and China Tower—to intensify efforts in base station upgrades and construction as well as cable tidying, accelerate the development of communication network facilities, and enhance the quality and standards of communication network services.Support internet companies, telecommunications operators, and financial institutions in building computing infrastructure such as cloud computing centers, artificial intelligence computing centers, and supercomputing centers. Coordinate the development of industrial internet public platforms, identifier resolution nodes, and blockchain backbone nodes. Solicit, select, and publish innovative digital technology application scenarios, providing support to outstanding examples characterized by high openness, excellent data sharing, and strong service impact. (Responsible Unit: County Bureau of Science and Technology and Economy)

(4) Fully leverage government special bond policies. Continue to expand the scope of government special bond investments and the range of projects eligible for capital contributions. Optimize the allocation structure of government special bonds, prioritizing support for infrastructure construction in industrial parks, and fully guarantee capital requirements for eligible infrastructure projects in national-level industrial parks. Allocate over 500 million yuan in special bond funds throughout the year to support industrial parks in enhancing their functions and upgrading their facilities, thereby accelerating the development of industrial parks across the county. (Responsible Units: County Finance Bureau, County Development and Reform Bureau)

    II. Accelerate the Recovery and Revitalization of Consumption

(5) Leverage the guiding role of investment funds. Strictly implement the Provincial Government’s Investment Guidance Fund Management Measures, strengthen coordination with higher-level provincial and municipal departments, and fully utilize the leading role of the Baokang Guoyuan Green Development Investment Partnership.Following the “Government Guidance Fund plus State-owned Assets Parent Fund” dual-pronged development model, we will leverage their guiding and catalytic effects. Focusing on strategic development plans and industrial layouts such as the Yangtze River Economic Belt, the Xiangyang Metropolitan Area, and the digital economy, we will support the establishment of sub-funds or special funds to attract participation from various types of capital. (Responsible Units: County Finance Bureau, County State-owned Investment Company)

(6) Innovate methods of consumer credit support. Support financial institutions in expanding the scale of consumer credit and lowering loan interest rates to encourage consumption upgrades. Coordinate existing consumer credit products offered by financial institutions, actively guide county-level financial institutions to innovate credit models and products, and encourage provincial residents to engage in offline credit-based consumption for automobile purchases, home renovations, and durable goods such as home appliances and furniture.For new individual consumer loans of 10,000 yuan or more issued between April 1 and December 31, 2023, interest subsidies will be provided at an annualized rate of 1.5% (as per provincial fiscal standards), with a term of two years and a maximum cumulative subsidy of 3,000 yuan, to help stimulate consumer demand. (Responsible Units: County Commerce Bureau, County Finance Bureau, People’s Bank of China Baokang Branch)

(7) Accelerate the recovery of cultural and tourism consumption. Implement the “Attracting Visitors to Baokang” initiative, optimize group tour incentive policies, and encourage travel agencies both within and outside the province to bring tourists to Baokang.Focus on key source cities such as Wuhan and Chongqing, and conduct targeted marketing through media campaigns, promotional events, and special presentations. Organize “China Tourism Day” themed activities, continue to host rural cultural tourism events such as the Tea Culture Tourism Festival and Blueberry Picking Festival under the “One Town, One Festival” initiative, and hold events like the Motorcycle Parade Festival and Camping Festival under the “One Village, One Product” initiative to attract visitors. Organize participation in a series of events including the China (Wuhan) Culture and Tourism Expo and the National Camping Expo.The county government will allocate special funds for tourism development and provide support to the cultural and tourism industry through incentive-based subsidies. We will actively seek cultural and tourism policies from higher-level authorities to support the development of cultural and tourism enterprises. (Responsible Units: County Bureau of Culture and Tourism, County Finance Bureau)

(8) Unleash Rural Consumption Potential. Continue implementing the employee consumption assistance policy for agriculture. During the transition period for consolidating and expanding the achievements of poverty alleviation, allocate funds at a standard of no more than 500 yuan per employee per year specifically for purchasing local agricultural and sideline products through platforms such as the county’s “Poverty Alleviation Special Counters, Halls, and Zones,” the “Poverty Alleviation 832 Platform,” and the “China Social Poverty Alleviation Network.”Increase efforts to procure agricultural products. Organize agricultural product distribution entities—including wholesale markets, e-commerce companies, and supermarkets—to conduct production-to-sales matching activities for agricultural products from villages and households that have escaped poverty, establishing stable production-sales relationships. Guide agricultural product distributors to promote the sale of agricultural products to government agencies, enterprises, and schools.Actively guide the listing of the county’s agricultural products on the 832 Platform and promptly coordinate with neighboring counties and cities to purchase Baokang agricultural products through regional collaboration; ensure the procurement of the county’s agricultural and sideline products by governments and departments at all levels in 2023, and fulfill the 20% reserved quota. (Responsible Units: County Bureau of Agriculture and Rural Affairs, County Bureau of Rural Revitalization, County Federation of Trade Unions, County Development and Reform Bureau, County Commerce Bureau, County Bureau of Science and Technology and Economy, County Finance Bureau, County Supply and Marketing Cooperative, County Postal Company)

(9) Support key sectors and enterprises in the circulation industry. Develop the “2023 County-wide Consumer Promotion Activity Plan.” Throughout the year, commercial and consumer promotion activities will primarily focus on holidays and current key consumption sectors. Based on the four seasons, plan “four series” of consumer promotion activities: the “Spring Tide Renewal Season,” the “Midsummer Passion Leisure Season,” the “Golden Autumn Quality Enjoyment Season,” and the “Warm Winter New Year’s Season”;This will foster a consumption atmosphere characterized by “one theme per season, festivals every month, and highlights every week,” thereby driving consumption throughout the year. Implement tax incentive policies to encourage resident consumption; for taxpayers selling goods at a discount, VAT will be levied on the discounted sales amount if the conditions are met; encourage automobile consumption among residents by exempting vehicle purchase tax for the purchase of new energy vehicles such as pure electric vehicles and plug-in hybrid vehicles.(Responsible Units: County Commerce Bureau, County Tax Bureau, County Finance Bureau)

(10) Create a Convenient Consumption Environment. Further relax market access for consumer-oriented enterprises. Streamline application procedures and intensify the promotion and application of electronic business licenses. Promote flexible law enforcement; in response to issues frequently raised by small and micro enterprises and individual business operators in the consumer sector, work to improve and refine the system for exempting minor violations from penalties in accordance with the law within the fields of urban management and social governance. Implement policies for off-peak roadside parking in urban areas to stimulate the vitality of the nighttime economy.Actively encourage businesses to set up outdoor displays and stalls in commercial districts, in front of storefronts, and at morning and night markets by providing policy conveniences. (Responsible Units: County Market Regulation Bureau, County Public Security Bureau, County Urban Management and Law Enforcement Bureau)

III. Promoting the Expansion and Upgrading of Foreign Trade

(11) Implement an “immediate export, immediate refund” policy for export tax rebates. For export enterprises with no tax risks, implement an “immediate export, immediate refund” policy to guide enterprises in filing tax returns promptly and enjoying policy benefits. For eligible export enterprises within the county, accelerate the processing of tax refund applications and establish a special fund for export earnings incentives.For enterprises that achieve foreign trade exports in the current year, manufacturing export enterprises will receive a reward of 0.04 RMB per USD exported, and trading export enterprises will receive a reward of 0.03 RMB per USD exported; manufacturing export enterprises that achieve export earnings of 30 million USD or more (including 30 million USD) in the current year will receive a reward of 20,000 RMB; and new enterprises that commence export earnings operations in the current year will receive a reward of 5,000 RMB.(Responsible Units: County Bureau of Commerce, County Finance Bureau, County Tax Bureau)

(12) Consolidate and enhance the level of the foreign trade supply chain. To ensure the smooth circulation of industrial and supply chains, a subsidy of up to 50% of the actual discounting fees incurred by provincial-level key supply chain enterprises in the current year will be provided, with a maximum subsidy of 6 million RMB.Actively develop new forms and models of foreign trade. For nationally recognized market procurement trade pilot projects, provide subsidies of up to 50% of the actual operating costs for the year, with a maximum of 6 million yuan. Support enterprises in expanding into international markets by subsidizing provincially recognized public overseas warehouse projects. (Responsible Units: County Commerce Bureau, County Finance Bureau)

IV. Intensify Support for Enterprises and Job Stabilization

(13) Strengthen employment services for enterprises. Implement the “Training-for-Employment” incentive policy to encourage vocational training institutions, technical schools, and employment training centers to sign training and employment agreements with enterprises, and conduct order-based, targeted, and position-specific training.Designated training institutions that supply workers to partner enterprises in accordance with prescribed procedures and meet stable employment criteria may receive training subsidies of up to 120% of the current standard. Support will be provided to human resources service agencies for placing workers in enterprises; for-profit human resources service agencies that place personnel in key enterprises will be granted employment and entrepreneurship service subsidies in accordance with relevant regulations. (Responsible Units: County Human Resources and Social Security Bureau, County Finance Bureau)

(14) Support enterprises in stabilizing and retaining jobs. Support enterprises in stabilizing and retaining jobs. Encourage eligible localities to provide a one-time job stabilization subsidy to enterprises that maintain the number of employees enrolled in social insurance at the end of the first quarter at the level recorded at the end of 2022. The subsidy amounts are as follows: 10,000 yuan per enterprise for those with 30–99 employees, 20,000 yuan per enterprise for those with 100–499 employees, and 50,000 yuan per enterprise for those with 500 or more employees.(Responsible Units: County Human Resources and Social Security Bureau, County Finance Bureau)

(15) Encourage enterprises to hire new employees. Enterprises that hire individuals who have been registered as unemployed for more than six months, and small, medium, and micro enterprises that hire recent college graduates (including those who have not found employment within two years of graduation), and who sign labor contracts of one year or longer and pay social insurance premiums in accordance with regulations, shall be granted a one-time employment subsidy of 1,000 yuan per person;For enterprises that hire workers who have recently escaped poverty and veterans who have been discharged within the past year (those discharged after September 1 of the previous year), and who sign labor contracts of one year or longer and pay social insurance premiums in accordance with regulations, a one-time employment absorption subsidy of 2,000 yuan per person will be provided; for enterprises that hire college graduates and individuals facing employment difficulties, social insurance subsidies will be provided in accordance with regulations. (Responsible Units: County Human Resources and Social Security Bureau, County Finance Bureau)

(16) Strengthen support for entrepreneurship guarantee loans. Increase support for entrepreneurship guarantee loans by raising the loan limit for eligible individual entrepreneurs (including sole proprietors) from 200,000 yuan to 300,000 yuan. For loans up to 200,000 yuan, the central, provincial, and municipal/county governments will continue to provide interest subsidies in accordance with regulations; for amounts exceeding 200,000 yuan, interest subsidies are encouraged.Strengthen support for entrepreneurship guarantee loans for micro and small enterprises. For loans up to 3 million yuan, the central, provincial, and municipal/county governments will continue to provide interest subsidies in accordance with regulations; for amounts exceeding 3 million yuan, the provincial and municipal/county governments will provide interest subsidies on a 1:1 matching basis. (Responsible Units: County Human Resources and Social Security Bureau, County Finance Bureau)

(17) Support employment for individuals from other provinces. For individuals from other provinces who came to Bao for the first time or returned to their hometowns to seek employment in the first quarter of this year, a one-time employment subsidy of 1,000 yuan per person will be provided if they sign a labor contract of one year or longer and pay social insurance premiums in accordance with regulations. (Responsible Units: County Human Resources and Social Security Bureau, County Finance Bureau)

(18) Implement financial support for enterprises to stabilize employment. Micro and small enterprises that meet the criteria regarding duration of operation and number of employees, and that pay employee wages and social insurance contributions in full and on time, may apply for special loans for stabilizing and expanding employment through financial institutions’ expedited approval channels. The maximum credit limit per enterprise is 30 million yuan, and the loan interest rate shall generally not exceed 4%.Financial institutions are encouraged to negotiate greater interest rate concessions and provide differentiated support, such as credit facilities, increased credit limits, and rollover loans without principal repayment. (Responsible Units: County Human Resources and Social Security Bureau, Baokang Branch of the People’s Bank of China)

V. Continuously Deepening Cost Reduction and Burden Alleviation

(19) Implement tax and fee reduction policies. Fully implement the national package of tax reduction and refund policies. For policies with broad benefits—such as the reduction or exemption of the “six taxes and two fees”—which are of great concern to market entities, further strengthen implementation monitoring to ensure timely fulfillment. Effectively implement key policies such as VAT reductions for small-scale VAT taxpayers, corporate income tax incentives for small and low-profit enterprises, and additional deductions for R&D expenses of technology-based small and medium-sized enterprises.Taxpayers in industries such as accommodation and catering, culture, sports, and entertainment, tourism, transportation, retail, and logistics and warehousing who face genuine difficulties and meet the criteria specified in Announcement No. 6 of 2022 issued by the Hubei Provincial Tax Bureau of the State Taxation Administration may apply for reductions or exemptions from property tax and urban land use tax for 2023 in accordance with regulations. (Responsible Units: County Tax Bureau, County Finance Bureau)

(20) Reduce enterprises’ working capital costs. Accelerate the construction of a province-wide emergency bridging loan service system for small, medium, and micro enterprises. Leverage the catalytic role of the 65 million yuan emergency relief bridge fund and utilize the “Inclusive Micro and Small Enterprise Loan Support Tool” to provide incentive funds equivalent to 2% of the incremental balance of inclusive micro and small enterprise loans extended by legal-person financial institutions, thereby ensuring the initiative to alleviate working capital difficulties in the real economy.(Responsible Units: People’s Bank of China Baokang Branch, County Finance Bureau)

VI. Strengthening Support for Key Production Factors

(21) Increase Financial Support. Further optimize the credit structure to support the development of the real economy. Allocate a special quota of no less than 450 million yuan for re-lending and rediscounting to provide funding support for financial institutions’ supply chain financing operations. Strictly implement the fiscal interest subsidy policy for “301” first-time borrowers, while allocating 2.02 million yuan in funds for interest subsidies for new types of agricultural business entities.Continue to implement the loan interest subsidy policy for new types of agricultural business entities, while also continuing the financial support policy for agricultural guarantee loans, using financial support to leverage social capital investment in agricultural production and operations. (Responsible Units: Baokang Branch of the People’s Bank of China, Banking and Insurance Regulatory Group, County Finance Bureau, County Agriculture and Rural Affairs Bureau)

(22) Leverage the empowering role of innovation. Actively organize applications for special funds for R&D incentives, providing subsidies for the incremental portion of R&D expense super-deductions enjoyed by high-tech enterprises that exceeds the previous year’s amount, with a maximum subsidy of 1 million yuan per enterprise. Further strengthen research and development of key core agricultural technologies, and actively apply for provincial-level funding for projects such as the R&D of biological breeding technologies, the selection and breeding of core seed sources, and addressing shortcomings in agricultural machinery and equipment.(Responsible Units: County Finance Bureau, County Agriculture and Rural Affairs Bureau, County Science and Technology Bureau)

(23) Ensure Total Pollutant Quotas for Major Projects. Actively cooperate in establishing a provincial reserve pool for total pollutant quotas. Pollution discharge rights from the provincial reserve shall be prioritized to support key construction projects such as major livelihood security initiatives, strategic emerging industries, and major science and technology demonstration projects. For major provincial-level or higher projects in our county that meet relevant criteria but face shortages in total pollutant quotas, adjustments may be requested through established procedures. (Responsible Units: Baokang Branch of the Municipal Ecology and Environment Bureau, County Finance Bureau, County Development and Reform Bureau)

(24) Support enterprises in building brands, improving quality, and upgrading capabilities. Assist enterprises in developing first-class product standards and actively foster and certify the “Hubei Premium” brand. Form expert teams to enter key industrial parks and clusters to provide integrated quality and brand services to small, medium, and micro enterprises. Deepen the implementation of the SME Growth Project, actively apply for special funds for SME development at higher levels, and provide incentives to SMEs in industries such as manufacturing, transportation, and services that meet the criteria for inclusion in the statistical reporting system.(Responsible Units: County Market Regulation Bureau, County Science and Technology Bureau, County Transportation Bureau, County Development and Reform Bureau, County Statistics Bureau, County Finance Bureau)

(25) Promote the Precise Delivery of Policies. A dedicated section for business-friendly policies will be established on the county government’s official website to compile all currently effective policies in our county. We will fully leverage technological means to strengthen the collection of business-related information and promote the precise delivery and intelligent matching of business-friendly policies. We encourage the development of mobile applications to provide services such as policy applications, administrative procedures, and feedback, ensuring the full implementation of policies including fiscal subsidies, tax and fee reductions, and measures to support enterprises and stabilize employment.(Responsible Units: County Administrative Approval Bureau, County Development and Reform Bureau, County Finance Bureau, County Tax Bureau)

Where this policy overlaps with other policy documents, benefits shall not be duplicated. This policy is valid until December 31, 2023.