Original Title:

Notice of the Changzhi Municipal People’s Government on Issuing the Changzhi Municipal Investment Promotion Incentive Measures

Measures for Investment Promotion and Incentives in Changzhi City

To encourage investors from within and outside the city to invest in new manufacturing projects in emerging industries, accelerate the construction of transformation projects, and promote high-quality economic development, the following incentive measures are hereby established.

I. Incentives for Intermediaries

Units and individuals that directly introduce new projects with a registered investment of 100 million yuan or more shall receive a reward equivalent to 6‰ of the actual fixed-asset investment upon the project’s completion and commencement of operations. The maximum reward per project is 5 million yuan. The reward funds shall be shared equally between the municipal government and the local government where the project is located.

II. Reward for Legal Representatives

For new projects with an actual fixed-asset investment of 300 million yuan or more, a reward of 1 million yuan will be granted to the legal representative of the investor upon the project’s completion and commencement of operations. The reward funds will be borne by the local government where the project is located.

III. Project Implementation Award

For new projects with actual fixed-asset investment reaching 300 million yuan, 500 million yuan, or 1 billion yuan within two years of filing, the project entity shall receive a one-time reward equivalent to 3%, 4%, or 5% of the actual fixed-asset investment, respectively. The maximum reward per project is 12 million yuan, 30 million yuan, and 50 million yuan, respectively. The reward funds shall be shared by the municipal government and the local government where the project is located in accordance with the fiscal revenue sharing ratio.

IV. Financial Capacity Growth Incentive

For projects where the project entity’s actual investment in new fixed assets exceeds 300 million yuan, a reward equal to 100% of the available fiscal resources provided by the host locality shall be granted for the first three years starting from the tax year; for the subsequent three years, the reward shall be reduced to 50%. The reward funds shall be borne by the host locality’s fiscal budget.

V. Special Award for Headquarters Enterprises

For headquarters enterprises that relocate to our city and pay annual taxes of 50 million yuan or more, the municipal government will provide a one-time special award of 5 million yuan.

VI. Case-by-Case Consideration

For projects by Fortune Global 500 companies, China’s Top 100 enterprises, or the Top 20 enterprises in their respective industries, where the actual investment in new fixed assets in our city exceeds 500 million yuan, or for newly established R&D institutions with total R&D investment of no less than 50 million yuan, a “case-by-case” policy shall be implemented.

These Measures shall be interpreted by the Office of the Municipal Investment Promotion Leading Group. They shall take effect on January 5, 2023, and remain valid for five years. The “Changzhi City Investment Promotion Incentive Measures (Trial)” (Changzhengfa [2018] No. 21) and its implementing rules are hereby repealed.