To implement the provincial government’s 18 policy measures aimed at continuously consolidating and strengthening the positive momentum of economic recovery, and to maximize the effectiveness of these policies, the following supporting implementation plan has been formulated in light of our city’s actual conditions.

I. Strengthening Fiscal and Tax Policy Support

(1) Implementing Incentives for High-Quality Development. We will continue to implement Panzhihua City’s quarterly incentive policy for high-quality development. In the second and third quarters of 2024, when our city receives provincial-level regional incentive funds, the municipal government will provide matching funds equivalent to 20% of the provincial incentive amount. The provincial and municipal incentive funds will be fully allocated to the two counties (districts) with the highest economic contributions in a 60:40 ratio, thereby encouraging counties (districts) to make greater contributions.

Responsible Unit: Municipal Finance Bureau

(2) Fully Implement Tax Preferential Policies for Entrepreneurship. By December 31, 2027, in accordance with the province-wide unified deployment, fully implement tax preferential policies for entrepreneurship targeting key groups such as registered unemployed persons and college graduates within their graduation year, as well as self-employed demobilized soldiers, ensuring that all eligible individuals receive the benefits they are entitled to.

Responsible Units: Municipal Finance Bureau, Municipal Taxation Bureau, Municipal Human Resources and Social Security Bureau, Municipal Agriculture and Rural Affairs Bureau, Municipal Veterans Affairs Bureau

II. Actively Expanding Effective Investment

(3) Implement incentives for fixed-asset investment and the completion and commissioning of industrial projects.From April 1, 2024, to September 30, 2024, when a county (district) in our city receives provincial-level incentives for fixed-asset investment or the completion and commissioning of industrial projects, the municipal government will provide matching funds equivalent to 20% of the provincial incentive amount. These matching funds will be allocated in full to the county (district) to support project construction in the recipient county (district), thereby encouraging them to accelerate progress and make greater contributions.

Responsible Units: Municipal Development and Reform Commission, Municipal Bureau of Economy and Information Technology, Municipal Finance Bureau

(4) Implement incentives for local banks to increase medium- and long-term lending to the manufacturing sector. For local banking institutions whose outstanding balance of medium- and long-term loans to the manufacturing sector as of December 31, 2024, has grown by 28% or more compared to the same period of the previous year and whose growth rate ranks among the top 3 in the city, the municipal government will provide a financial reward of 0.1% of the increase in their outstanding balance of medium- and long-term loans to the manufacturing sector, with a maximum reward of 1 million yuan per banking institution.

Responsible Units: Municipal Finance Bureau, People’s Bank of China Panzhihua Branch

III. Accelerating the Recovery and Stimulation of Consumption

(5) Implement fiscal interest subsidies for consumer credit. From April 1, 2024, to September 30, 2024, regarding the municipal and county (district) share of interest subsidy funds for offline consumer loans for four categories of goods—residential vehicle purchases, electronic products, home renovations, and durable goods such as home appliances and furniture—the municipal and district governments will share the burden in a 35:65 ratio; Miyi County and Yanbian County will bear their own costs.

Responsible Units: Municipal Finance Bureau, People’s Bank of China Panzhihua Branch, People’s Governments of all counties (districts), and the Administration Committee of the Vanadium-Titanium High-Tech Zone

(6) Issuance of Citywide Consumption Vouchers. Continue to carry out citywide consumption promotion activities. In 2024, 3 million yuan in consumption vouchers will be issued to stimulate consumption during golden weeks such as the Mid-Autumn Festival, National Day, and New Year’s Day. The required funds will be fully borne by the municipal government.

Responsible Units: Municipal Bureau of Commerce, Municipal Finance Bureau

(7) Implement incentives for used car sales. From April 1, 2024, to September 30, 2024, the municipal government will fully cover the portion of used car sales incentive funds that would otherwise be borne by county (district) governments.

Responsible Units: Municipal Bureau of Commerce, Municipal Finance Bureau

(8) Intensify the implementation of the “Attracting Visitors to Pan” incentive policy.From April 1, 2024, to December 31, 2024, implement categorized incentive policies for travel agencies organizing group tours to Pan’an, including subsidies for train groups, flight groups, self-driving tour groups, and annual volume-based incentives, to encourage travel agencies throughout the city (including branch offices) to organize tourist visits to Pan’an. The required funds will be fully covered by the municipal government.

Responsible Units: Municipal Bureau of Culture, Radio, Television, and Tourism; Municipal Finance Bureau

IV. Promoting the Quality and Efficiency of Foreign Trade

(9) Implementing Incentives for Importing Foreign Trade Enterprises. From January 1, 2024, to December 31, 2024, the municipal government will provide categorized and tiered incentives to foreign trade enterprises importing bulk commodities such as new energy minerals, chemical raw materials, and grain and oil, as well as high-quality consumer goods, and to newly introduced and cultivated cross-border e-commerce platforms, trade settlement companies, international supply chain companies, and comprehensive foreign trade service enterprises. These incentives will be determined by the municipal government based on a comprehensive assessment of their operational status and import performance.Funding requirements: Incentive funds for enterprises with fixed municipal-level revenue will be fully covered by the municipal treasury. For enterprises registered in districts, the municipal and district governments will share the incentive costs in a 35:65 ratio; Miyi County and Yanbian County will bear their own costs.

Responsible Units: Municipal Bureau of Commerce, Municipal Bureau of Finance; People’s Governments of all counties (districts); Administration Committee of Vanadium-Titanium High-Tech Zone

V. Measures to Help Enterprises Reduce Costs and Alleviate Burdens

(10) Implement incentives for local legal-person banks’ re-lending to support agriculture and small businesses. From April 1, 2024, to December 31, 2024, the municipal and county (district) shares of the subsidy funds for new loans issued by local legal-person banks within the province using People’s Bank of China re-lending funds shall be borne by the municipal and district governments in a 35:65 ratio; Miyi County and Yanbian County shall bear their own costs.

Responsible Units: Municipal Finance Bureau, People’s Bank of China Panzhihua Branch, People’s Governments of all counties (districts), and Vanadium-Titanium High-Tech Zone Administrative Committee

(11) Implementation of subsidies for enterprise recruitment costs. During the period from April 1, 2024, to September 30, 2024, regarding the municipal, county (district) share of enterprise recruitment cost subsidies, the subsidy funds for new hires at municipal-level enterprises with fixed income shall be fully borne by the municipal finance. For enterprises registered in a district, the municipal and district shares shall be borne by the city and the district in a 35:65 ratio, while Miyi County and Yanbian County shall bear their own costs.

Responsible Units: Municipal Human Resources and Social Security Bureau, Municipal Finance Bureau, People’s Governments of all counties (districts), and Vanadium-Titanium High-Tech Zone Administrative Committee

VI. Promoting Rapid Enterprise Growth

(12) Strengthen incentives for “conversion to corporate entities and upgrading to scale.” From January 1, 2024, to December 31, 2024, when our city receives provincial-level “conversion to corporate entities and upgrading to scale” incentives, the municipal finance department shall allocate no less than 70% of the received provincial incentive funds to the counties (districts). Additionally, the municipal finance department shall provide a one-time incentive of 2,000 yuan per household to individual businesses that transform into limited liability companies with modern corporate governance structures,a one-time incentive of 2,000 yuan per entity. For private enterprises newly included in the categories of “industrial enterprises above designated size,” “service enterprises above designated size,” or “wholesale, retail, accommodation, and catering enterprises above the designated threshold,” a one-time incentive of 5,000 yuan per entity will be provided. For newly added service enterprises above designated size and commerce enterprises above the designated threshold in 2024, a subsidy of 15,000 yuan per entity will be granted.

Responsible Units: Municipal Finance Bureau, Municipal Bureau of Statistics, Municipal Bureau of Economy and Information Technology, Municipal Bureau of Commerce, Municipal Market Regulation Bureau

Each responsible unit shall, in accordance with departmental functions and assigned responsibilities, and based on arrangements from provincial-level competent authorities, refine policy details and formulate implementation rules.All counties (districts) and the Vanadium-Titanium High-Tech Zone shall propose implementation measures based on local conditions to enhance policy synergy. Efforts to publicize the policies shall be intensified, utilizing multiple channels such as WeChat official accounts, website promotions, and on-site visits to enterprises and households to interpret the policies, thereby improving awareness, accessibility, and implementation effectiveness. Policy disbursement shall be expedited to ensure effective implementation and that all eligible entities fully benefit from the policies.