Financial Support Measures of Pudong New Area for Promoting the Development of Building Economy for the “13th Five-year Plan” Period (Trial)

For commercial buildings (parks) in Pudong New Area meeting conditions, their owners or entrusted operation and management agencies are entitled to certArtificial Intelligence(AI)n incentives.… 

Financial Support Measures of Pudong New Area for Promoting the Development of Commerce & Trade Service Industry for the “13th Five-year Plan” Period

High-level commerce & trade enterprises, tourism and exhibition enterprises, commodity market enterprises and e-commerce industry meeting the conditions could be granted incentives every year for five years based on their contribution to Pudong New Area. Enterprises engaged in international invest… 

Financial Support Measures of Pudong New Area for Promoting the Development of Expertise Services for the “13th Five-year Plan” Period

Enterprise institutions, key enterprises and growth enterprises lately introduced this district are entitled to certArtificial Intelligence(AI)n incentives within five years based on their contribution to this district. Existing enterprises meeting certArtificial Intelligence(AI)n standards as ver… 

Implement financial support policies for high-tech enterprises.

We will provide lump-sum financial support to the enterprises included for cultivation, and the amount of support shall be determined at 10% of the R&D expenses incurred by the enterprises in the previous year, with the minimum amount being RMB 200,000 and the maximum RMB 2 million.… 

Allow financial leasing companies to collect rent in foreign currencies.

When a financial leasing company conducts financial leasing business, if more than 50% of the capital used to purchase the leased items comes from its own domestic foreign exchange loan or foreign currency debt, it may collect rent in a foreign currency in China, and the foreign currency rental in… 

Further facilitate foreign exchange settlement of insurance companies’ capital, and improve the foreign exchange management for insurance business to prevent financial risks.

（1）Optimize the foreign exchange settlement process for insurance companies. An insurance company may, based on its actual business needs, directly handle foreign exchange settlement of foreign exchange capital and foreign exchange funds raised through overseas listing with a financial instituti… 

Support multinational corporations in conducting centralized operation of cross-border capital.

A multinational corporation may, based on its business needs, a domestic enterprise as the lead enterprise to operate and manage the capital of its domestic and overseas member enterprises in a centralized manner, and to carry out one or more of the following business items: centralized foreign de… 

Financial Support Measures of Pudong New Area for Promoting the Development of Shipping Industry for the “13th Five-year Plan” Period

For key shipping enterprises meeting the conditions and newly settling in this district, a one-off inventive based on their contribution to this district in amount up to RMB15 million is offered. Such inventive is avArtificial Intelligence(AI)lable every year for five years. High-end shipping ente… 

Carry out the foreign exchange management registration business for issuance of Chinese Depository Receipts.

If an overseas issuer issues a Chinese Depository Receipt by adding new securities, it must, within 10 working days after receiving CSRC’s approval for issuance, commission its domestic lead underwriter (or relevant domestic agency) to register with the state foreign exchange administrative depar…