| Implementation Regulations on Promoting the Development of Beijing CBD Financial Industry inChaoyang |
| 3/1/2006 1:1:0 CBD Administrative Commission |
|
Article 1. The Implementation Regulations are enacted to carry out the ¡°Regulations on Promoting the Development of Capital Financial industry¡± (Issued by Beijing Municipal Commission of Development and Reform, [2005] No. 197) and the ¡°Circular on the Detailed Rules for the Implementation Regulations on Promoting the Development of Capital Financial Industry¡± (Issued by Beijing Municipal Commission of Development and Reform, [2005] No. 2736), and to promote the construction and development of the international finance functional district of Beijing CBD.
Article 2. The present Implementation Regulations shall be applicable to those financial enterprises which are registered to work in Beijing CBD and have an independent legal person qualification. It is also applicable to some enterprises, which have made great contributions to the construction and development of international financial functional district of Beijing CBD.
Article 3. The People¡¯s Government of Chaoyang District will set up a leading group to be responsible for the Development of Beijing CBD Financial Industry. The Standing Deputy Mayor of Chaoyang District holds the post of the group leader, while the Director of Beijing CBD Administrative Commission as the deputy group leader. The members of the leading group include Offices of the People¡¯s Government of Chaoyang District, Beijing CBD Administrative Commission, Development and Reform Commission of Chaoyang District, Education Committee of Chaoyang District, Bureau of Finance of Chaoyang District, Foreign Affairs Offices of Chaoyang District, Personnel Bureau of Chaoyang District, State Taxation Bureau of Chaoyang District, Local Taxation Bureau of Chaoyang District, and Industrial and Commercial Bureau Chaoyang Branch. The office of the leading group is located at Beijing CBD Administrative Commission.
Article 4. Financial enterprises, which are newly established as of February 1st, 2005 or newly moved into, will be provided with one-off subsidies. RMB10 million subsidies will be provided to enterprises with a registered capital of more than RMB1 billion (including RMB1 billion); RMB8 million subsidies will be provided to enterprises with a registered capital of more than RMB500 million (including RMB500 million) and less than RMB1 billion; RMB5 million subsidies will be provided to enterprises with a registered capital of more than RMB100 million (including RMB100 million) and less than RMB500 million.
Beijing CBD Chamber of Finance is responsible for the acceptance of the application documents from enterprises. After the first round check, these documents will be submitted to the relative financial department, who will audit jointly with other related departments. After approval, the subsidies above-mentioned will be implemented by Beijing CBD Chamber of Finance, and assisted by Bureau of Finance of Chaoyang District.
(1)Newly established financial enterprises, which are going to apply for the subsidies, need to submit the following documents:
A Financial Legal Person License issued by state regulatory departments such as China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission, etc.; a copy of Certificate of Business Registration, and a certificate of capital verification presented by the capital verification organizations with legal qualification.
(2)Newly moved-in financial enterprises, which are going to apply for the subsidies, need to submit the following documents:
A Financial Legal Person License issued by state regulatory departments such as China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission, etc.; a copy of Certificate of Business Registration, and a Special Auditing Statement of Net Assets conducted by qualified verification organizations; the Financial Statement of last year audited by qualified verification organizations.
Article 5. Financial Enterprises could enjoy office-purchasing subsidies or rental subsidies. For those who purchase self-used real estate for offices, one-off subsidies will be calculated according to the actual acreage of self-used real estate for offices, and the standard of subsidies will be RMB1,000 per square meter; For those who rent the houses for offices, a three-year rent subsidies will be offered, and the standard of subsidies will be RMB200 per square meter per year.
Financial enterprises newly moved into Beijing CBD, which is a regional headquarter and above, can enjoy this favorable policy after finishing its business and tax registration.
Beijing CBD Chamber of Finance is responsible for the acceptance of the application from enterprises. After the first round check, these documents will be submitted to the Leading Group of Chaoyang District for audit. After approval by the People¡¯s Government of Chaoyang District, the policy above-mentioned will be implemented by Beijing CBD Chamber of Finance, and assisted by Bureau of Finance of Chaoyang District.
(1) Financial enterprises, which purchase real estate for office, after finishing its business and tax registration and moving in for business, could apply to Beijing CBD Chamber of Finance for office-purchasing subsidies. Beijing CBD Chamber of Finance is responsible for the acceptance of the application from enterprises all year round. Financial enterprises, which apply for office-purchasing subsidies, need to submit a copy of Certificate of Business Registration, a copy of Certificate of Tax Registration, original purchase contract and its copy, and a copy of payment receipt.
(2) Financial enterprises, which rent houses for office, after finishing its business and tax registration and moving in for business, could apply to Beijing CBD Chamber of Finance for rental subsidies during the period from March to May of the next year. Beijing CBD Administrative Commission, together with related departments, e.g. Development and Reform Commission of Chaoyang District and Bureau of Finance of Chaoyang District, etc., will conduct the first round check to the application from the financial enterprises, then put forward a solution of subsidies, submit to Leading Group of Chaoyang District for audit, and will be carried out after approval by the People¡¯s Government of Chaoyang District.
The rental subsidies for financial enterprises will be counted as of February 1st, 2005, and be subsidized for three years continuously. The application shall be carried out annually. Financial enterprises, which apply for rental subsidies, need to submit a copy of Certificate of Business Registration, a copy of Certificate of Tax Registration, original rental contract and its copy, and a copy of payment receipt.
(3) Financial enterprises, which have enjoyed the subsidies for self-used real estate for office, cannot transfer the property right within 5 years. Otherwise, the subsidies would be recalled. Financial enterprises, which apply for rental subsidies, should rent no less than 3 years. Newly moved in enterprises, which purchase or rent the subsidies-paid real estate, will not enjoy purchase or rent policy again.
Article 6. If the children of senior managers in the financial enterprises, which are in Beijing CBD, need to enroll in or study at primary or middle schools in Chaoyang district, they can apply to Beijing CBD Chamber of Finance with related certifications. Beijing CBD Chamber of Finance will report to Leading Group of Chaoyang District, the relative financial department, who will audit jointly with other related departments. After passing the audit, the Education Committee of Chaoyang District will arrange the enrollment according to the related municipal and regional policies.
Article 7. For some overall and long-term capital needs and some annual and temporary project capital needs, which could promote the development of international financial industry of Beijing CBD, the financial department of Chaoyang district will provide with capital assistance after the audit and approval by the People¡¯s Government of Chaoyang District.
Article 8. Beijing CBD Chamber of Finance is responsible for the acceptance of the application from enterprises in Chaoyang District and other districts and counties free of charge. Financial Enterprises and their senior managers, who apply for this favorable policy, should report to Beijing CBD Chamber of Finance by the enterprise. Beijing CBD Chamber of Finance is responsible for the first round check and result collection, reports to the Leading Group of Chaoyang District, while the relative financial department will be responsible for qualification verification. After the qualification is verified, the application will be audited and carried out by related departments.
Article 9. Other favorable items, which are not listed in the Implementation Regulations, will be carried out according to the ¡°Circular on the Detailed Rules for the Implementation of Regulations on Promoting the Development of Capital Financial Industry¡± (Issued by Beijing Municipal Commission of Development and Reform, [2005] No. 2736).
Article 10. Beijing CBD Administrative Commission owns the authority for final interpretation to the Implementation Regulations, and it shall come into force as of the date of promulgation. The ¡°Circular of Some Measures on Promoting the Development of Beijing CBD Financial Industry¡± (Issued by the People¡¯s Government of Chaoyang District, Beijing, [2003] No. 24), and the ¡°Circular of the ¡®Detailed Rules (Trial) of Chaoyang District for Some Measures on Promoting the Development of Beijing CBD Financial Industry¡¯¡± (Issued by the People¡¯s Government of Chaoyang District, Beijing, [2004] No. 16) shall be annulled at the same time.
|
|
|
