Excerpts: Fuzhou Airport Economic Zone and Fujian-Taiwan (Fuzhou) Industrial Park of Blue Economy are advocated to apply for the certification of provincial development zones. In view of advocating the progress of new approaches to trade like cross-bordere-commerce, the trade promotion public service platform within Fuzhou New Area should receive financial assistance equivalent to 50% of the development costs as per relevant regulations 

The projects introduced to the state or provincial development zones within Fuzhou New Area, complying with the industrial orientation of Fuzhou New Area and investing more than 500 million RMB in fixed assets, should receive awards from the provincial financial authorities equivalent to five ten-thousandth of the fixed asset investment as preliminary working funds, up to 10 million RMB each project. 

From 2016 through 2020, the Provincial Industrialization and Informationization Fund should utilize 40 million RMB each year to support the manufacturing sector of Fuzhou New Area. Within Fuzhou New Area, the integration of county and township industrial parks, the establishment of exemplary new model industrial bases and the industrial parks’ infrastructure and public facility development should receive priority support case by case.   

The wholesale markets within Fuzhou New Area that will reach or exceed 30 billion RMB of annual turnover or 300 thousand square meters of operating area prior to 2020 should receive subsidies for preliminary efforts, varying between 2 million and 5 million RMB.  

The state-level engineering (technology) research centers, engineering (key) laboratories, corporate technology centers and other innovation platforms certified for the first time should each receive a nonrecurring bonus of 5 million RMB. The provincial engineering (technology) research centers and engineering (key) laboratories certified for the first time should each receive a nonrecurring bonus ranging from 1.5 million to 2 million RMB. Fuzhou New Area is encouraged to introduce pivotal research institutes. The qualified research institutes should be subsidized for 30% of the investment in the addition of research and development instruments, up to 20 million RMB each institute for legal entities and up to 10 million RMB each institute for non-legal entities. The enterprises within Fuzhou New Area are encouraged to commercialize research outcomes. The qualified projects should each receive subsidies ranging from 10% to 30% of the deal amount. The subsidies to key projects should be determined case by case. Such subsidies should be capped at 5 million RMB each project.       

Guidance should be provided for Fuzhou New Area to formulate the assessment and verification criteria for high level talents. The high level talents (teams) introduced as per relevant procedures and criteria should receive settlement subsidies ranging from 250 thousand to 2 million RMB as sustained by the Provincial Special Fund on Human Resources Development. Fuzhou New Area’s demands for overseas brainpower should be included as a priority in the Provincial Target List of Precision Talent Introduction. The enterprises and government-sponsored institutions within Fuzhou New Area should receive priority support in the application for key programs of talent introduction by the state and the province. The teams, overseas talents and domestic talents introduced under the “Hundred Talents Program” of Fujian Province (aimed to attract high level innovation and entrepreneurship talents) should each receive 3 million, 2 million and 1 million RMB subsidies respectively. 

The refund policy concerning the portion of business tax and corporate income tax submitted to the provincial treasury, as collected from financial and insurance enterprises in Fuzhou Municipality (at the municipal level, including the districts immediately under its jurisdiction), should be extended for three years, namely, from 2016 through 2018. Concerning the portion of business tax and corporate income tax submitted to the provincial treasury, as collected from financial and insurance enterprises (excluding the corporate income tax paid by urban commercial banks and rural credit cooperatives) in Fuzhou Municipality (at the municipal level, including the districts immediately under its jurisdiction), the provincial financial authorities should refund 40% of the average addition from 2010 through 2012 to Fuzhou Municipality. Fuzhou Municipality should coordinate the uses of the said refund in the development of Fuzhou New Area. During the abovementioned period, should any change occur to relevant institutional arrangements, Fujian Provincial Department of Finance should deliberate on the matters herein otherwise.