Notice on Printing and Issuing the Implementation Measures of Fiscal Interest and Expense Subsidy for the Policy Guarantee Loans of SMEs in Jing'an District
To organizations concerned in Jing'an District:
In order to thoroughly implement the spirits of the Guiding Opinions on Promoting the Healthy Development of SMEs, the Several Opinions on Comprehensively Promoting the Vitality and Vigorously Promoting the Development of the Private Economy and other documents, further promote the development of SMEs in our district, reduce financing costs, and create a good environment for the development of SMEs, the Implementation Measures of Fiscal Interest and Expense Subsidy for the Policy Guarantee Loans of SMEs in Jing'an District has now been formulated for your implementation.
Shanghai Jing'an District Finance Bureau
November 1, 2019
General Office of Shanghai Jing'an District Finance Bureau
Printed and issued on November 1, 2019
Implementation Measures of Fiscal Interest and Expense Subsidy for the Policy Guarantee Loans of SMEs in Jing'an District
In order to thoroughly implement the spirits of the Guiding Opinions on Promoting the Healthy Development of SMEs printed and issued by the General Office of the CPC Central Committee and the General Office of the State Council, as well as the Several Opinions on Comprehensively Promoting the Vitality and Vigorously Promoting the Development of the Private Economy (referred to as "Article 27") issued by CPC Shanghai Municipal Committee and Shanghai Municipal People's Government, strengthen cooperation with SMEs, further create a good environment for the development of SMEs, and focus on reducing financing costs for them based on the Implementation Opinions of Jing'an District on Promoting the Development of SMEs, the following implementation measures, in combination with the actual situation of the district, are hereby formulated in accordance with the relevant national laws and regulations and those of Shanghai:
I. Scope of Support
The scope of support includes SMEs whose registration and tax dependency relationship is in Jing'an District, focusing on supporting industries in line with the "13th Five-Year Plan". SMEs shall be actively guided into emerging industries and modern service industries. The high-end development of SMEs through technological innovation, brand building and other means shall be vigorously supported, and the development level and quality of SMEs shall also be lifted, so as to provide them with a wider and more comprehensive space for innovation and development, promote their healthy development, and give play to their important roles in the regional economic development.
II. Content of Support
(I) Subsidy to the Guarantee Fee of Secured Loans
(II) Subsidy to Part of the Interest of Secured Loans
Policy guarantee refers to the loan guarantee provided in the following two ways: (1) by the bonding companies that are identified by and have signed a Cooperation Agreement with Shanghai SMEs Policy Financing Guarantee Fund Management Center and Shanghai Finance Bureau, and (2) by the policy financing platform of Jing’an District People’s Government for supporting SMEs.
Each enterprise can only choose one policy guarantee platform to enjoy the fiscal interest and expense subsidy policy.
III. Standard of Support
(I) Subsidy to the Guarantee Fee
The rate of guarantee fee shall not exceed 1.5% and the subsidy shall not exceed RMB 300,000.
(II) Subsidy to the Interest
1. Science and technology innovative enterprises, including:
(1) Enterprises that obtain high-tech certification
(2) "Specialized, refined, special and new" enterprises
(3) "Small tech giant" enterprises
(4) Enterprises that obtain the city-level and above-level Science & Technology Achievement Award in that year
(5) Enterprises that pass the software product evaluation and software business evaluation
(6) Enterprises with high-tech achievement transformation
(7) High-tech enterprises that obtain other relevant certifications and the relevant certifications are valid
The subsidy shall be provided for the part not exceeding 50% of the bank's benchmark interest rate, and the specific subsidy amount shall not exceeds RMB 500,000.
2. For other enterprises, the subsidy shall be provided for the part not exceeding 20% of the bank's benchmark interest rate, and the specific subsidy amount shall not exceeds RMB 200,000.
IV. Basic Requirements:
(I) Enterprises registered at the Administrative Department for Industry and Commerce with independent legal qualification and are capable of independent accounting and responsible for their own profits and losses.
(II) Carry out tax registration and pay taxes in the district according to law.
(III) Have opened an account at a relevant commercial bank of the state or any other financial institution established according to law, with good credit standing.
(IV) No poor credit record and major civil and economic disputes.
(V) The financial accounting is standardized.
(VI) All bank loans have been repaid, within one year of the repayment.
V. Application Materials:
Jing'an District Finance Bureau is responsible for accepting application materials submitted by enterprises.
Enterprise shall submit an application to Jing'an District Finance Bureau within one year after the repayment of the loan on schedule and submit the relevant materials as required.
(I) Application Form (in duplicate)
(II) A fact sheet on the purpose of the loan
(III) Invoice and payment voucher of the guarantee fee
(IV) Interest note from the payment bank
(V) Loan voucher and repayment voucher
(VI) Loan contract
(VII) Relevant certificates of the Science & Technology Achievement Award at the city-level or above
(VIII) Relevant certificates of high-tech enterprises
(IX) Relevant certificates of obtaining technical invention patent(s)
(X) The financial accounting report of the last two years and the income tax liquidation statement of the latest year
(XI) Other relevant materials
All the copies of the documents mentioned above shall be affixed with the official seal of the enterprise.
VI. Unsupported Situations
(I) Failure to submit financial reports and related information required by the financial department
(II) Overdue loan repayment or unable to repay the loan
(III) With poor credit record
(IV) Other matters that are not supported
VII. Supplementary Provisions
(I) For cases that are applicable to both the relevant policy provisions of the state and Shanghai and the provisions of this Implementation Measures, the relevant provisions of the state and Shanghai shall be implemented first; and for the same supporting objects of both provisions, they can choose for the best, instead of repeatedly enjoying the same kinds of financial support funds.
(II) After implementation, the relevant standards for fiscal interest and expense subsidy shall be subject to this Implementation Measures. In case of any major policy change of the state or Shanghai Municipality, this Implementation Measures shall be adjusted accordingly and the policies of the state and Shanghai shall prevail.
(III) This Implementation Measures shall come into force on December 1, 2019 and shall be valid for five years.
(IV) Detailed rules and regulations for auditing and appropriating procedures shall be formulated separately.
(V) Jing'an District Finance Bureau shall be responsible for the interpretation of these measures.