The Guizhou Shuanglong Airport Economic Zone in Guiyang, capital of Southwest China's Guizhou province, recently rolled out its plans for the cultivation of market entities in 2022-2025.
The plans put forward 15 measures, focusing on creating a better business environment for the development of enterprises.
By working to attract investment, the Shuanglong zone will strive to be home to 12,500 market entities by 2025.
It will actively cultivate listed companies. One-time financial awards of 10 million yuan ($1.46 million), 8 million yuan and 3 million yuan will be given to companies that are successfully listed on the domestic main board, the Growth Enterprise Market board or the Science and Technology Innovation Board, and the Hong Kong Stock Exchange or major overseas capital markets, respectively.
New industrial enterprises, service enterprises, and catering enterprises above a designated size will be given one-time awards of 200,000 yuan, 100,000 yuan, and 100,000 yuan, respectively.
The cultivation and expansion of high-tech enterprises will be carried out. Financial support of at least 1 million yuan will be given to those undertaking major municipal science and technology projects.
Those undertaking major national science and technology projects and national key R&D projects will be given 25 percent of actual national special funds obtained, with a maximum of 2 million yuan.
A subsidy of up to 100,000 yuan will be given to those who have been recognized as national high-tech enterprises for the first time.
For foreign-funded enterprises that set up operations in the Shuanglong zone and conduct business normally, starting from the time of company registration, if the actual foreign investment in the first deferment year exceeds $500,000, a one-time support of 50,000 yuan will be given.
In terms of investment promotion, the funds in place for newly introduced industrial projects should increase by an average of 18 percent annually, and the funds in place should exceed 70 billion yuan by 2025.
To achieve this, the Shuanglong zone will strengthen its financial support, land use support, and talent support to stimulate entrepreneurship and innovation so that new market players will continue to emerge.