These Measures are formulated in accordance with the requirements of the “Opinions of the State Council on Further Optimizing the Investment Environment for Foreign Investors and Strengthening Efforts to Attract Foreign Investment” (State Council Document [2023] No. 11) and the “Notice of the Municipal Government on Issuing Several Policy Measures to Strengthen Investment Promotion Work under New Circumstances” (Xizhou Government Document [2023] No. 20), and in light of the actual circumstances of investment promotion work.

Article 1: Eligibility for Rewards

(1) The Project Referral Reward is established for intermediary organizations (including groups or individuals) that provide authentic and valid information regarding investment intentions to the city’s investment promotion departments, facilitate direct contact between such departments and project investors, and play a substantive role in the process of the investor’s investment implementation and establishment.

(2) Organizations or individuals eligible to apply for the reward include legally registered consulting firms, law firms, accounting firms, business associations, fund management companies, and investment promotion consultants appointed by municipal and district-level governments.

Article 2: Eligibility Criteria

(1) Referred projects refer to manufacturing projects and modern service industry projects that align with the development direction of Wuxi’s “465” modern industrial cluster (municipal-level major projects with domestic investment of 1 billion yuan or more, or foreign investment of 30 million USD or more).

The investing entity must be a multinational corporation, state-owned enterprise, social organization, or other investor located outside Wuxi’s administrative boundaries; it must have completed business and tax registration in our city, possess sound financial systems, hold independent legal person status, and operate on an independent accounting basis.

(2) The referred project must comply with the industrial and environmental access policies of all districts in our city and be capable of effectively enhancing the development level of specific sectors and key links within our city’s industrial clusters.

(3) For financial, industrial real estate, real estate development, and public infrastructure investment projects, the referring entity is not eligible for the reward.

(4) Referring agencies shall not be eligible for rewards for projects involving capital increases by local enterprises or reinvestment of foreign capital.

(5) Within two years from the date of registration of the project entity, the cumulative paid-in registered capital of the recommended project must be no less than US$10 million (or RMB 100 million for domestic capital).

Article 3 Reward Standards

For projects recommended by intermediary agencies that are determined to meet the reward criteria set forth in Article 2 of these Measures, cash rewards shall be granted to the intermediary agencies according to the following standards:

(1) Incentives for Attracted and Established Projects. For projects successfully introduced and established where the cumulative paid-in registered capital reaches US$10 million in foreign capital (or RMB 100 million in domestic capital), incentives shall be provided on a categorized basis. Specifically: for manufacturing projects, an incentive of 5‰ of the paid-in registered capital shall be granted, with a maximum of RMB 2 million per project; for modern service industry projects, an incentive of 2.5‰ of the paid-in registered capital shall be granted, with a maximum of RMB 1 million per project.

(2) Key Project Incentives. For projects that are headquarters or regional centers of foreign-funded Fortune Global 500 companies, or projects that fill gaps in the city’s key industrial chains or undertake major national strategic tasks, a one-time incentive of up to 500,000 RMB will be provided in addition to the project introduction and establishment incentives. The incentive will be disbursed in phases based on project progress and operational performance.

Article 4: “Case-by-Case” Approach

For intermediary agencies with special channels or capable of making exceptional contributions, cooperation may be conducted on a “case-by-case” basis. The Office of the Municipal Investment Promotion and Business Support Leading Group shall define the investment targets and pre-set the cooperative incentive amounts based on actual needs, and shall initiate cooperation through forms such as public bidding, government procurement, or open challenges, followed by the signing of a cooperation agreement. Incentive funds shall be disbursed in accordance with the progress of the agreed-upon objectives and tasks. In principle, a single “case-by-case” arrangement shall not exceed 3 million RMB.For the same target agreed upon under a “case-by-case” arrangement, no duplicate rewards may be claimed for the project’s implementation. Intermediary agencies that fail to complete the agreed-upon objectives and tasks shall be ineligible to participate in tenders the following year.

Article 5 Application Requirements

(1) Prior to the registration of a project introduced by an intermediary, the intermediary shall submit the “Wuxi City Investment Promotion Intermediary Project Information Recommendation Form” (Appendix 1) to the local investment promotion department where the project is to be established. After the local investment promotion department signs off on the review, the form shall be submitted to the Municipal Investment Promotion and Business Protection Leading Group for archiving and reference.

(2) When applying for referral incentives, intermediary agencies shall submit the “Wuxi City Investment Promotion Intermediary Project Information Recommendation Form” (Appendix 1), the “Wuxi City Investment Promotion Intermediary Agency Incentive Application Form” (Appendix 2), and relevant supporting documents.

Article 6 Review Procedures

(1) Eligible intermediary agencies shall submit their applications to the local investment promotion department by the end of March each year. After preliminary review by the local investment promotion department and the finance department, the local investment promotion department shall submit the application to the Office of the Municipal Investment Promotion and Protection Leading Group by April 10 of the same year.

(2) Led by the Office of the Municipal Investment Promotion and Business Protection Leading Group, a joint review meeting for intermediary agency rewards shall be convened. During the meeting, the Finance Bureau shall review the status of registered capital到位 (paid-in registered capital, based on audit reports), confirm the qualifications of projects involving headquarters or regional centers of Fortune Global 500 foreign-funded enterprises, and assess whether the projects fill gaps in the city’s industrial chain or undertake major national strategic tasks.

(3) Based on the deliberations of the joint meeting, the specific reward amounts will be determined, and the reward proposal will be submitted to the Municipal Government Executive Meeting for discussion.

(4) Public Announcement and Awarding. Publicize and award the winning intermediary agencies approved by the Municipal Government.

Article 7 Other Provisions

(1) The reward funds covered by these Measures shall be jointly borne by the municipal and district-level finances. Specifically, the municipal level shall bear 30%, and the district level shall bear 70%; there shall be no duplicate rewards at both levels. In the following year, municipal funds shall be centrally disbursed to the district where the project is located, and the district shall distribute them to the intermediary agencies that introduced the project. Jiangyin and Yixing may formulate relevant policy measures by reference to these Measures.

(2) The term “foreign-invested enterprise (project)” as used in these Measures refers to an enterprise established through capital contributions by overseas investors in the form of foreign exchange, cross-border RMB, overseas physical assets, or profits distributed by their domestic investment enterprises; all non-U.S. dollar foreign exchange shall be converted based on the mid-market exchange rate published by the People’s Bank of China on the date the funds are received.

(3) If it is discovered that an intermediary agency that has received a reward for project referral engaged in fraudulent activities regarding project funds or fraudulently obtained the reward, all reward funds will be recovered in accordance with the law.

(4) Intermediary agencies will undergo an annual points-based evaluation, and a group of “Best Partners” will be selected for public commendation by the municipal government. (See Appendix 3 for specific scoring criteria.)

(5) The Municipal Bureau of Commerce and the Municipal Bureau of Finance shall be responsible for the specific interpretation of these Measures. Where laws, regulations, or rules provide otherwise, such provisions shall prevail.

(6) These Measures shall take effect on December 1, 2023, and remain valid until November 30, 2028.

Attachments: 1. Wuxi City Investment Promotion Agency Project Information Recommendation Form

2. Wuxi City Investment Promotion Intermediary Agency Reward Application Form

3. Scoring Rules for Best Partners