临港新片区支持企业健康发展16条   2020-02-18

 

In the face of the novel coronavirus pneumonia outbreak, the management committee of Lingang New Area in Shanghai has announced 16 new policies and regulations to stimulate the production of epidemic prevention material, encourage scientific breakthroughs in the epidemic fight, reduce operational burden and guarantee the normal operation of enterprises.
Lingang New Area will support the production and boost supplies to enterprises involved in epidemic prevention materials to expand their production capacity. For projects that require capital increase, production expansion, and technological transformation for epidemic prevention, 50 to 100 percent of the total investment will be reimbursed after the project is approved. A green approval channel will be set up for adding manufacturing plants and environmental assessment to support the fight against the spread of the epidemic.
 A green channel will be established and a special funding of up to 70 percent of the total investment will be handed out to support biomedical companies to carry out scientific and technological research on treatment methods, drug research and development, testing technology and medical equipment.
 
A one-time reward of up to 3 million yuan (US$434,783) will be handed out for major breakthroughs on frontline scientific and technological research, conducted in tandem with clinical prevention and control of the epidemic.
 
For those renting space from state-owned real estate companies, the rent fee for small- and medium-sized enterprises in the new area will be exempt for February and March to ease their operation burden during the fight against the virus.
 
For hotels which suffer heavy losses due to the outbreak, the management committee will coordinate with banks to provide working capital loans, and loan subsidies will be given accordingly. A 100-million yuan fund will be set up for SMEs and macro firms to hedge loan risks, especially for those making epidemic prevention materials.
 
In key industries such as integrated circuits, artificial intelligence, biomedicine and civil aviation, the industrial support policies for enterprises will be fulfilled in advance to ease their capital flow pressure during the epidemic.
 
The new policies and regulations will be effective until three months after the conclusion of the pneumonia outbreak.
 

 

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