To thoroughly implement the decisions and plans of the Municipal Party Committee and Municipal Government regarding the accelerated development of the China Science and Technology City and the full-scale construction of the Chengdu-Chongqing Sub-center, to further strengthen the coordination and synergy among fiscal, financial, and industrial policies, to fully leverage the guiding and incentivizing role of fiscal funds, and to promote better financial services for the real economy, the following policy measures are hereby established.

I. Supporting the Development of the Financial Industry

(1) Support for Attracting Financial Institutions.

For municipal-level financial institutions (including various local financial organizations; hereinafter the same) newly introduced or established within the jurisdiction of Mianyang City (including industrial parks), the municipal government will provide a one-time settlement incentive of up to 1 million yuan based on the institution’s category. Specifically, banks, finance companies, commercial factoring companies, and financial leasing companies will receive a one-time incentive of 1 million yuan; insurance companies will receive 500,000 yuan; and other financial institutions will receive 300,000 yuan.Financial institutions that have been approved by financial regulatory authorities to register and establish regional headquarters, back-office centers, or specialized centers in our city shall receive a one-time incentive of 500,000 yuan from the municipal government. (Responsible Units: Municipal Financial Work Bureau, Mianyang Branch of the China Banking and Insurance Regulatory Commission, Mianyang Central Sub-branch of the People’s Bank of China, Municipal Finance Bureau; the unit before the comma is the lead unit, as below)

(2) Support for Financial Product and Service Innovation.

For innovative financial products and services developed by financial institutions in our city’s key financial service sectors that are included in documents issued by the State Council to promote advanced practices, the municipal government will provide a one-time reward of up to 1 million yuan to the financial institutions. (Responsible units: Municipal Financial Work Bureau, People’s Bank of China Mianyang Central Branch, Mianyang Banking and Insurance Regulatory Bureau, Municipal Finance Bureau)

II. Promoting Financial Support for Key Industries in Priority Sectors

(3) Supporting Innovation-Driven Development.

1. Reducing Financing Costs for Science and Technology Innovation Enterprises.

For eligible small, medium, and micro science and technology enterprises in our city that obtain credit loans or loans secured by non-fixed assets, the municipal government will provide a one-time loan interest subsidy of up to 300,000 yuan per enterprise. (Responsible Units: Municipal Financial Work Bureau, Municipal Science and Technology Bureau, People’s Bank of China Mianyang Central Branch, Mianyang Banking and Insurance Regulatory Bureau, Municipal Finance Bureau)

2. Supporting Insurance to Provide Technology Risk Coverage.

For technology-based enterprises in municipal districts (industrial parks) that participate in technology insurance and military-civilian integration insurance, the municipal and district governments will provide a one-time premium subsidy of up to 30%–45% of the actual premium expenses, with a cumulative maximum of 300,000 yuan per enterprise. (Responsible Units: Municipal Science and Technology Bureau, Municipal Financial Work Bureau, Mianyang Branch of the China Banking and Insurance Regulatory Commission, Municipal Finance Bureau)

3. Support private capital investment in science and technology innovation enterprises.

For angel investment funds or venture capital funds that meet the eligibility criteria and invest in technology-based enterprises within the city’s districts (industrial parks), the municipal finance department will provide a one-time reward of up to 200,000 yuan per fund, equivalent to 0.3% of the actual total investment. For angel investment funds or venture capital funds that attract high-tech enterprises or projects from outside the city to establish operations in local industrial parks, the municipal finance department will provide a one-time reward of up to 1 million yuan, equivalent to 2% of the fund’s actual investment amount.(Responsible Units: Municipal Science and Technology Bureau, Municipal Financial Work Bureau, Municipal Finance Bureau)

(4) Supporting Green and Low-Carbon Development.

For eligible listed companies in our city that use refinancing proceeds for the construction and operation of green and low-carbon projects, as well as for non-financial enterprises that raise funds through the issuance of green bonds for green and low-carbon projects, the municipal government will provide a one-time expense subsidy of 0.1‰ of the enterprise’s actual financing amount for the year, with a maximum of 500,000 yuan per entity. (Responsible Units: Municipal Financial Work Bureau, Municipal Development and Reform Commission, People’s Bank of China Mianyang Central Branch, Municipal Finance Bureau)

(5) Supporting Financing for Industrial and Supply Chains.

For core enterprises that facilitate online accounts receivable financing among upstream and downstream enterprises in our city and rank in the top 3 in annual financing volume, the municipal government will provide one-time rewards of 300,000 yuan, 200,000 yuan, and 100,000 yuan, respectively. (Responsible Units: Municipal Bureau of Economy and Information Technology, People’s Bank of China Mianyang Central Branch, Municipal Finance Bureau)

(6) Reducing Financing Costs for “Specialized, Refined, Unique, and Innovative” Enterprises.

For eligible "Specialized, Refined, Unique, and Innovative" SME loans in our city, the municipal government will provide a one-time loan interest subsidy of up to 500,000 yuan per enterprise. (Responsible Units: Municipal Bureau of Economy and Information Technology, Municipal Finance Bureau)

III. Supporting Financing for Micro and Small Enterprises and the "Three Rural Issues"

(7) Support for Increasing First-Time Loans and Unsecured Loans for Micro and Small Enterprises.

For banking institutions that issue first-time loans to micro and small enterprises in our city with no prior loan history, the municipal government will provide a subsidy equivalent to 0.5‰ of the actual amount of such loans disbursed during the current year. For banking institutions that issue inclusive micro and small enterprise credit loans, the municipal government will provide a subsidy equivalent to 0.5‰ of the annual increase in such loans, with a maximum of 1 million yuan per enterprise.(Responsible Units: Municipal Financial Work Bureau, People’s Bank of China Mianyang Central Branch, Mianyang Banking and Insurance Regulatory Bureau, Municipal Finance Bureau)

(8) Support for Increasing Financing Guarantees and Reducing Fees.

For financing guarantee institutions that are included in the credit scope of the National Financing Guarantee Fund and provincial-level financing re-guarantee institutions, and that conduct financing guarantee business for small and micro enterprises and the "agriculture, rural areas, and farmers" sector in our city, the municipal finance department shall provide a risk subsidy of up to 1 million yuan per institution, taking into comprehensive consideration factors such as annual performance evaluation results and the annual new cooperative business guarantee balance. (Responsible Units: Municipal Bureau of Economy and Information Technology, Municipal Financial Work Bureau, Municipal Finance Bureau)

IV. Promoting the Development of Direct Financing

(9) Support for Corporate Equity Financing.

For enterprises in our city that conduct an initial public offering (IPO) on the Shanghai, Shenzhen, or Beijing stock exchanges or on major overseas capital markets, the municipal government will provide a one-time expense subsidy of 5 million yuan; for enterprises in our city listed on the “New Third Board,” the municipal government will provide a one-time expense subsidy of 500,000 yuan;For listed companies (excluding ST and *ST stocks) that have newly relocated their registered office or headquarters to our city, the municipal government will provide a one-time reward of 5 million yuan; for listed companies that conduct follow-on financings through methods such as additional share issuances, rights offerings, or the issuance of convertible bonds, the municipal government will provide a one-time expense subsidy of up to 2 million yuan per entity, calculated at 0.1‰ of the actual annual follow-on financing amount. (Responsible Units: Municipal Financial Work Bureau, Municipal Finance Bureau)

(10) Support corporate bond financing.

For non-financial enterprises in municipal districts (industrial parks) that raise funds through bond issuance (including bonds issued in major overseas capital markets and repatriated for use in Mianyang), asset securitization, or Real Estate Investment Trusts (REITs) in the infrastructure sector, the municipal government will provide a one-time expense subsidy of 0.1‰ of the actual financing amount for the year, with a maximum of 3 million yuan per entity. For those successfully completing their first bond financing under the aforementioned categories, an additional one-time subsidy of 100,000 yuan will be granted.(Responsible Units: Municipal Financial Work Bureau, Municipal Development and Reform Commission, People’s Bank of China Mianyang Central Branch, Municipal Finance Bureau)

V. Promoting Win-Win Cooperation Between Industry and Finance

(11) Improve the loan risk-sharing mechanism.

The municipal government will establish a 350 million yuan risk compensation fund for loans to science and technology innovation enterprises. It will collaborate with financial institutions on policy-based products such as “Science and Technology Innovation Loans,” “Science and Technology Guarantee Loans,” and “Equipment and Instrument Loans.” Based on the principle of risk sharing, the government and partner institutions will share losses on loan principal in proportion to their respective contributions, thereby guiding financial institutions to lower loan thresholds and financing costs for science and technology innovation enterprises.(Responsible Units: Municipal Finance Bureau, Municipal Science and Technology Bureau, Municipal Bureau of Economy and Information Technology, Municipal Financial Work Bureau, People’s Bank of China Mianyang Central Branch, Mianyang Banking and Insurance Regulatory Bureau)

(12) Implement emergency bridge loans for enterprises.

Establish a 260 million yuan special fund for emergency loan rollovers to provide timely repayment and short-term bridge financing services for eligible small, medium, and micro-sized industrial enterprises and production-oriented service enterprises in our city that are facing temporary difficulties in loan repayment, thereby reducing the costs and risks associated with loan rollovers for enterprises. (Responsible Units: Municipal Bureau of Economy and Information Technology, Municipal Finance Bureau)

(13) Support the Aggregation and Development of Funds.

For activities such as fund investment promotion, project roadshows, investment and financing matchmaking, and forums or summits held in fund clusters, the municipal government will provide a subsidy of up to 2 million yuan. (Responsible Units: Municipal Financial Work Bureau, Municipal Finance Bureau)

This policy shall take effect on August 8, 2023, and remain valid for three years. The Municipal Finance Bureau, in conjunction with relevant departments (units), shall formulate implementation rules.