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FTA Shenyang Region to launch supportive policy to promote science and technology innovation industry
Fortune Global 500 enterprises which set up research and development centers in Shenyang will be given 12 million RMB of subsidy
source: Shenyang Daily   2018-04-04 14:34

"By the focusing effect of multiple policies, 15271 enterprises have newly registered at Shenyang region with 154.2 billion RMB registered capital by far. 242 of them are financial companies." Chen Jiabiao, deputy secretary general of Shenyang Municipal Government, executive deputy director of Administrative Committee of Liaoning FTA Shenyang Region, showed the "report card" of Shenyang FTA Region.

Chen Jiabiao said in August, 2016, the Party Central Committee and the State Council decided to set up free trade area experimental zone in Liaoning and other 6 provinces and cities. It's the third batch of FTA experimental zone established by our nation. The whole nation and even the world once again focused their attention to Shenyang, the land of reformation.On April 10, 2017, China (Liaoning) Free Trade Area Experimental Zone Shenyang Region was officially inaugurated.

Chen Jiabiao said Shenyang FTA Region will boost the pace in the construction of "finance island" and establish the accumulation area for financial service industry."Finance island" is a project which will be the carrier and platform of all kinds of financial institutes. According to the planning and design of the business functions of Shenyang Finance Island initiated by People's Bank of China Shenyang Branch, it will be a development zone which combine investment funds, financial headquarters, finance release, emerging finance, trading centers, agencies and relevant information service with financial industry as the core.

It's learned that the forthcoming <Policies on Promotion of Science and Innovation Development at China (Liaoning) Free Trade Area Liaoning Region> will focus on cultivation and development of scientific and technological enterprise, supporting tech giant and new high-tech enterprises. These kinds of enterprises will be given cash bonus. It's planned that the newly registered scientific enterprises which owns proprietary intellectual property rights will be given bonus of 100% of the revenue local tax bureau retained in accordance with the corporate income tax from the operation day of the company for 3 years, and 50% of the revenue local tax bureau retained in accordance with the corporate income tax from the 4th to the 5th year of the operation.It's planned that the Fortune Global 500 enterprises and world famous research and development institutes which set up research and development centers in Shenyang will be given subsidy 40% of the research and development expenditure of the former year of the enterprises. The maximum of the subsidy should not exceed 12 million RMB.The enterprises which obtain foreign invention patent, domestic invention patent, foreign trading brand and domestic trading brand will be given subsidy of no more than 50,000RMB, 5000RMB, 8000RMB and 3000RMB. The total amount of the subsidy should not exceed 2million RMB.The enterprises which obtain national level patent award and famous Chinese trading brand will be given no more than 200, 000RMB and 300,000RMB.

Reporter Bai Xin and Wang Xiaoting

Editor: zfw05