Recently, the General Office of the Hunan Provincial People’s Government issued the "Several Policies and Measures for Supporting the Development of the Supply Chain of Advanced Manufacturing Industries". The move aimed to give full play to the leading role of leading enterprises, promote the development of the supply chain of advanced manufacturing, and build Hunan into a hub of advanced manufacturing industry of national importance.
A five-year action plan will be implemented to support the development of supply chain in accordance with Hunan Province’s 14th Five-Year Development Plan. The action plan covers the province’s leading enterprises of complete vehicles (mainframe, main network) and key industries such as construction machinery, automobile manufacturing, power equipment, rail transit, and aerospace.
Efforts will be made to support leading enterprises in attracting supporting enterprises. 10% of the provincial tax paid by the newly introduced supporting enterprises in the first year of production will be awarded to their city, prefecture, or county government. The money will be used to support technological transformation, R&D, and innovation of leading enterprises. More subsidies will be given to supporting enterprises that have actually completed an investment of more than 200 million yuan in fixed assets within three years of their establishment.
Construction of key projects for supply chain supplementary and extension will be promoted. Key industrial projects for supply chain supplementary and extension with a paid-in capital of more than 200 million yuan will be awarded 1% of the paid-in capital of the year. The maximum subsidy will not exceed 10 million yuan. China's top 500 enterprises, top 500 private enterprises, and top 10 leading enterprises in the industry who develop new key industrial projects for supply chain supplementary and extension with a paid-in capital of more than 1 billion yuan in Hunan will be awarded based on case-by-case system.
A list of key supporting products for advanced manufacturing will be formulated. A certain percentage of rewards will be given to those who purchase supporting products in the list and make outstanding contributions to supporting industrial development. A list of key ancillary products in advanced manufacturing industry for engineering applications will be made, and more awards will be issued to product R&D companies included in the list.
Qualified cities and prefecture will be guided to gather resources to cultivate 1 to 2 featured supporting industrial parks as core supporting bases for key industries. Qualified products will be included into Hunan provincial “resource-saving and environment-friendly” product government procurement catalog. These products will enjoy preferential measures such as reserve procurement share and review preference. Through these ways, government procurement contract awarding rate will be enhanced.
A provincial-level advanced manufacturing development special sub-fund will be established to guide insurance institutions in developing exclusive insurance products that support R&D and production of products in the supplementary chain list. The provincial finance authority will provide certain premium subsidies to insured enterprises. Preferential policies on the use of land will be offered to leading enterprises and supporting companies in key industries. The reasonable land demand for major projects in supporting industries will be coordinated at the provincial level to guarantee the new construction land plan indicators. Industrial parks with a high level of land conservation and intensive use will be rewarded with turnover land indicators.
This article is from Hunan Provincial Government www.enghunan.gov.cn.
Translator: Xiao Juan
Chinese source: hunan.gov.cn
