Opinions of Fujian Provincial People’s Government on Further Enlargement of the Size of Direct Financing

Minzheng [2015] No. 67
From:Fujian Provincial People’s Government Date:2017-09-06【Font:large regular

Excerpts: The small and micro enterprises listed at National Equities Exchange and Quotations and Haixia Equity Exchange should be entitled to no more than 300 thousand RMB subsidies. The government of each municipality should formulate the rules on subsidizing listed enterprises. The Provincial Industrialization and Informationization Development Fund should sustain the subsidies for the loan interest payments and the preliminary expenditures pertaining to major mergers and restructuring programs concluded since 2015, the latter covering assessment, audit, legal advisory, etc. Such subsidies should be no more than 3 million RMB each program. An acquisition aimed for a technology enterprise outside Fujian Province should be subsidized for 5% of the deal amount, up to 10 million RMB. In compliance with Opinions of Fujian Provincial People’s Government on Further Expanding Effective Investment (Minzheng [2015] No. 29), those issuing bonds for the abovementioned purpose should receive subsidies for the interest payment. In view of attracting more private equity funds to settle down in Fujian Province, the municipalities may issue favorable policies including nonrecurring bonuses for settlement, subsidies for office property purchase or lease and bonuses for senior managers.

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