CCP Committee of Shaoyang City Shaoyang City People's Government
Temporary provision concerning to praise to investment invitation and canvassing capital affairs
(May second, 2003)

In order to encourage social public to be positive in Shaoyang city investment invitation and canvassing capital affairs, to make great use of foreign capital for pushing our municipal economy development, specially making this provision as follows:

Part one, Reward object
All unit, medium organization and individual, who introduces or leads foreign investment into Shaoyang city from both domestic and international.

Part two, Reward scope
Except for all kinds of planning item from center, province and other department concerned, national special funds, public finance funds, various kinds of funds and inshore or outside bank conventional loan, rewarding the following funds or item:
1. Ushering in the offshore (containing Hong Kong, Macau, Taiwan, later same) or domestic other district businessman to hold on joint venture, cooperative, sole operation or share system production operation type enterprises Shaoyang region.
2. Ushering in the offshore or domestic other district businessman to invest with leasing or "Three comes one compensation" for cooperation in Shaoyang region.
3. Ushering in the outside or domestic other district businessman to construct public works (real estate excluding) or social public spirit with joint venture, cooperative, sole operation or BOT style.
4. Ushering in the offshore or domestic other district financial group, social famous person and public-spirited person to donate for Shaoyang social welfare business.
5. Ushering loan with low interest or no interest.

Part three, reward standard and exchanging or paying unit
1. To usher in "reward scope" No.1 item, will once reward after the item into operation period by tax paid government public finance section according to standard of 1% of importing actual funds.
2. To usher in "reward scope" No.2 item, will once reward after item leasing rental or labor charge into reality by benefit unit according to standard of 2% of actual leasing rental or labor charges.
3. To usher in "reward scope" No.3 item, will once reward after item into operation by item owner according to 0.5% of importing actual funds.
4. To usher in "reward scope" No. 4 item namely society donation, will once reward by funds unit according to 5% of importing actual funds.
5. To usher in "reward scope" No. 5 item namely loan with low interest or no interest, will once reward by loan unit according to standard as follows: loan with no interest, its standard is 50% of bank interest to loan period, loan with low interest, its standard is 40% of shortage between loan interest and bank interest.

Part four, application and confirmation to reward
Item, funds ushers qualification must be approved by investor, donator, or funds receiving unit with writing form after item into operation or funds and equipment is into reality. Concrete term is as follows:
1. Item that must be approved by city government concerning headquarters with an approval register, one month after item sets up into operation, and must be confirmed by local appointed register account firm.
2. Usher in importing real object, after real object arrives to the unit physically, relying on customs manifest and copy of commodity value inspection certificate with office seal.
3. Domestic and international funds (local bank loan excluding), donate, or foreign loan with low or no interest, should follow actual account sum, and match with local bank's funds entrance proof and local appointed account firm check resume report.
4. Usher in fixed assets (real object), funds, rental, must all have written form approbation by receiving unit.
Being of above-stated conditional, report to reward exam and review organization to assess, after confirm, issuing or exchanging by concerned department or unit.

Part five, Calculation to reward
Foreign funds should be calculate with actual funds as cardinal number, according to exchange rate that state foreign currency administration bureau announcement at the day that funds arrives; Domestic other district funds should be calculated with relative organization regarding fixed assets sum as cardinal number, flowing funds is excluding for reward. All rewards must be paid with RMB. Usher should undertake personal income tax after he or she obtains the reward.

Part six, reward exam and review organization
City foreign investment managing committee is responsible for reward exam and review, her office is in city foreign trade and economy cooperation bureau. Each county (city, district) should establish its own reward and review organization for being responsible for district reward exam and review, and keep connection with city foreign investment manage committee.

Part seven, This provision rises enforcement since it is issued. Any relevant contents in past provision is out of accordance with this provision, must obey this provision. This provision's explain is responsible by city foreign investment managing committee.