Hengqin issues financial support policies to boost enterprise growth

Guangdong-Macao In-Depth Cooperation Zone in Hengqin recently released two measures to provide financial support to companies in Hengqin.

According to the measures, listed Macao-funded enterprises can receive subsidies of up to 120 million RMB. Micro, small and medium-sized enterprises (MSMEs) in Hengqin can get fiscal, cost, and risk subsidies.

(Photo / Nanfang Daily)

A special subsidy of no more than 50 million RMB will be granted in one lump sum to Hengqin enterprises that have made initial public offerings and directly list their shares on the main boards of the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and Hong Kong Stock Exchange.

A subsidy of 1.3 million RMB will be given to Hengqin enterprises that have transferred listings on the New Third Board (National Equities Exchange and Quotations) for the first time, and 0.7 million RMB will be granted to these enterprises if they enter the innovation layer of the New Third Board.

If the listed enterprise in Hengqin is a Macao-funded enterprise or a green one, it will receive 1.2 times the standard subsidy and can receive a maximum of 120 million RMB of financial support.

As the first supportive policy focusing on the financing of MSMEs (including self-employed individuals) launched since the establishment of the Cooperation Zone, the MSME Financing Measures will optimize the financing environment, and help MSMEs by providing fiscal, cost, and risk subsidies.

Financial institutions can receive risk compensation of up to 6 million RMB for each financing for MSMEs.

To further promote Hengqin's high-quality economic development, the Cooperation Zone will provide higher subsidies for key enterprises such as Macao-funded enterprises, green enterprises, high-tech enterprises, and specialized and sophisticated enterprises. Eligible key corporations will receive 1.2 times the relevant standard subsidy. 

If the key enterprise is an MSME that has obtained loans from banking institutions for the first time, it can gain loan fiscal subsidies of up to 1.2 million RMB in the year, and the maximum risk compensation for each financing will not exceed 7.2 million RMB.

Full text of the two policies (in Chinese):

Special Supportive Measures for Listing of Enterprises in the Cooperation Zone

http://www.hengqin.gov.cn/macao_zh_hans/zwgk/zcfg/hqzc/jrzc/content/post_3427847.html

Supportive Measures for Promoting the Financing of Small, Medium and Micro Enterprises in the Cooperation Zone

http://www.hengqin.gov.cn/macao_zh_hans/zwgk/zcfg/hqzc/jrzc/content/post_3427844.html

Author: Lynette (Intern)

Editor: Wing, Nan, Will, Jerry