Excerpts: In view of advocating the enterprises’ acts of merger and restructuring, 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, 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.   

If no change occurs to the character of the enterprise that survives a merger and restructuring program and the preconditions of given tax incentives, such tax incentives should continue for the remaining validities calculated from immediately prior to the merger and restructuring program. The earnings of non-monetary assets transfers by resident enterprises, as confirmed by outbound investment with non-monetary assets, may be evenly divided into taxable incomes over a period of no more than 5 years, with the corporate income tax computed accordingly. The restructured enterprises meeting the criteria of relevant land appreciation tax policies should be exempted from the said tax until otherwise decreed.