“Several Policies and Measures for Further Stabilizing the Economy in Liaoning Province” has been approved by the provincial government and is now issued to you. Please implement it conscientiously.
People’s Government of Liaoning Province
January 20, 2023
(This piece is publicly released)
Several policy measures for further stabilizing the economy in Liaoning Province
In order to fully implement the spirit of the 20th National Congress of the Communist Party of China, thoroughly implement the spirit of General Secretary Xi Jinping’s important speech and instructions on the revitalization and development of Northeast China and Liaoning, conscientiously implement the spirit of the Central Economic Work Conference, and fully implement the Provincial Party Committee Economic Work Conference and the provincial “two sessions” Work deployment, promote the overall improvement of the province’s economic operation, achieve effective improvement in quality and reasonable growth in quantity, and ensure the victory of the first battle of the three-year action for comprehensive revitalization and new breakthroughs. Now formulate several policy measures to further stabilize the economy, and continue to implement a series of economic stabilization series policy initiatives.
1. Strengthen financial credit support for enterprises
1. Increase inclusive loans to small and micro businesses. The People’s Bank of China arranges a re-loan and re-discount quota of not less than 70 billion yuan to promote the issuance of loans to support agriculture and small businesses. The growth rate of inclusive small and micro loans in the province is not less than 10%. In principle, the deferred repayment of principal and interest on inclusive small and micro enterprise loans can be extended up to June 30, 2023. (Lead unit: Shenyang Branch of the People’s Bank of China)
2. Develop new financial models and products to support the development of the real economy. Support cities to establish centers for first-time loans and loan renewals, and provide “one-stop” facilitation services for market players. Expand the scope of application of new credit products such as “Liaokedai”, “Liaozhidai”, “Liaomaodai” and “Liaolvdai”. (Leading units: Provincial Financial Supervision Bureau, Shenyang Branch of the People’s Bank of China)
3. Carry out vehicle financial support services for transportation enterprises. Encourage provincial communication and investment groups, banks, etc. to provide online fast credit services for vehicles passing expressways through ETC. (Leading units: Provincial Department of Transportation, Shenyang Branch of the People’s Bank of China)
4. Carry out bank-enterprise docking and financing matching activities. Provide banking institutions with accurate financing needs of market entities, provide financial products and policies for market entities, and build an efficient government-bank-enterprise cooperation platform. (Leading units: Provincial Development and Reform Commission, Provincial Financial Supervision Bureau)
2. Strengthen government financing guarantee support
5. Increase the compensation ratio of provincial financing guarantees. Support the development of financing guarantee business. Before the end of 2023, member units of the provincial re-guarantee system will provide new qualified financing guarantees for small and micro enterprises and individual industrial and commercial households in industries that are greatly affected by the epidemic, such as transportation, catering, accommodation, tourism, and foreign trade. For business, the provincial risk compensation ratio was increased from 20% to 40%. For the qualified financing guarantee business newly launched by the Provincial Financing Guarantee Group, the provincial risk compensation ratio will be increased from 20% to 40%. (Lead unit: Provincial Department of Finance)
6. Increase premium subsidies for technology guarantee business. Before the end of 2023, qualified technology guarantee companies are encouraged to waive guarantee fees for financing guarantee business with a single-door guarantee amount of less than 2 million yuan (including 2 million yuan), and the provincial finance will give an annualized 2% guarantee fee subsidy. (Lead unit: Provincial Department of Finance)
3. Supporting direct financing of enterprises
7. Increase support for enterprises to go public. A subsidy of no more than 8 million yuan will be given to companies listed on the Beijing Stock Exchange for IPOs in stages; a subsidy of no more than 15 million yuan will be given to domestic companies IPOs on the Science and Technology Innovation Board in stages; The total subsidy shall not exceed 10 million yuan. Adhere to the principle of “as reported and reviewed” to allocate subsidies for the listing of enterprises. (Leading units: Provincial Financial Supervision Bureau, Provincial Department of Finance)
8. Give full play to the financing role of the inter-bank bond market. Improve the reserve pool of bond-issuing enterprises for qualified market entities, and strengthen policy guidance and financing guidance. Guide qualified enterprises to finance through innovative products such as rural revitalization bills and science and technology innovation bills. (Lead unit: Shenyang Branch of the People’s Bank of China)
9. Promote enterprises to use the exchange bond market for financing. Encourage the issuance of asset securitization products, innovation and entrepreneurship bonds, green bonds and other innovative bond products. (Leading units: Provincial Financial Supervision Bureau, Liaoning Securities Regulatory Bureau, Dalian Securities Regulatory Bureau)
10. Play the role of equity and futures markets. Support the introduction of private equity funds to invest in Liaoning, and provide services for SME financing, resource integration, and corporate governance. Support qualified enterprises to set up futures delivery warehouses, and promote the participation of agricultural enterprises and households in the “insurance + futures” project. (Leading units: Provincial Financial Supervision Bureau, Liaoning Securities Regulatory Bureau, Dalian Securities Regulatory Bureau, Provincial Department of Agriculture and Rural Affairs)
4. Support the development of key industries
11. Support the steady growth of industrial enterprises. Increase support for projects that promote the “three big articles” of structural adjustment and improve the high-quality development of the manufacturing industry. Support the steady growth of small and medium-sized enterprises with working capital loan interest discounts. The discount interest rate shall not exceed the one-year loan market quotation rate (LPR) issued by the People’s Bank of China during the same period, and the interest discount amount for a single enterprise shall not exceed 500,000 yuan. Qualified enterprises will be rewarded, focusing on manufacturing enterprises whose total industrial output value exceeds a certain amount during the steady growth in 2023 and the “good start” work in the first quarter, and rewards of 200,000 to 1 million yuan will be given. (Lead unit: Provincial Department of Industry and Information Technology)
12. Strengthen the production guarantee support of agricultural products. The average subsidy for newly built and upgraded high-standard farmland in the year is not less than 1,300 yuan per mu. Provide differentiated operation subsidies for the implementation of black soil protection. The subsidy for less-tillage and no-tillage is not less than 38 yuan per mu, the subsidy for straw returning to the field is 25 yuan, and the subsidy for organic fertilizer returning to the field is 100 yuan per mu. The subsidy standard for newly-built contiguous solar greenhouses is not less than 12,000 yuan per mu. Complete cost insurance for corn and rice is implemented in major grain-producing counties across the province, with insurance coverages of 770 yuan and 1,290 yuan per mu, respectively. (Lead unit: Provincial Department of Agriculture and Rural Affairs)
13. Vigorously develop the agricultural product processing industry. A 30% subsidy will be given to agricultural product processing enterprises for new advanced processing equipment projects, with a maximum of 5 million yuan; 500,000 yuan and 1 million yuan will be awarded to newly identified provincial and national key leading enterprises, respectively. A one-time subsidy of 20 million yuan will be given to the infrastructure construction projects in agricultural product processing clusters. 30% of the investment subsidy for qualified new-type agricultural business entities in the construction of cold storage and fresh-keeping facilities for agricultural products, and the subsidy for a single entity shall not exceed 1 million yuan. (Lead unit: Provincial Department of Agriculture and Rural Affairs)
5. Promote the recovery of consumption
14. Provide diversified consumption subsidies. Support and encourage local joint financial institutions, platform companies, etc. to issue consumption subsidies in various forms. Support local consumption promotion activities, and provide subsidies not exceeding 50% of actual expenses, with a maximum of 500,000 yuan. Choose an opportunity to issue travel consumption coupons to help enterprises and benefit the people, and promote comprehensive consumption of cultural tourism. Reduce bank account service fees, reduce RMB transfer and remittance fees, cancel some bill business fees, and reduce bank card swiping fees. (Leading units: Provincial Department of Commerce, Shenyang Branch of the People’s Bank of China)
15. Focus on creating new consumption scenarios. No more than 2 million yuan will be awarded to those rated as demonstration pedestrian streets above the provincial level. A subsidy of 200,000 yuan will be given to the provincial-level e-commerce live broadcast demonstration base; a subsidy of 100,000 yuan will be given to the county-level e-commerce live broadcast base that is mainly cultivated. More than 300,000 yuan of financial support will be given to the provincial-level night economy demonstration blocks. (Lead unit: Provincial Department of Commerce)
16. Increase support for county-level commerce and key commercial circulation market entities. Carry out county-level commercial construction actions, and provide financial support of less than 50% of the actual investment amount for projects that meet the direction and support links. Cultivate and strengthen market entities in the field of commerce and circulation, and give rewards of more than 50,000 yuan to units whose annual retail sales growth rate exceeds the average level of the province. (Lead unit: Provincial Department of Commerce)
17. Encourage reasonable housing consumption. Encourage second-hand housing transactions and new commercial housing sales to enjoy the same subsidy support policy. Implement the destocking support policy for non-residential commercial housing. For the purchase of non-residential commercial housing that is actually used for residential purposes and is just needed for the first time, the charging price of water, electricity, heating, etc. shall be implemented in accordance with residential standards. For the second-hand housing mortgaged by the bank, it can be “transferred with mortgage” at the time of transaction, and the transfer can be handled without repaying the loan in advance. (Lead unit: Provincial Department of Housing and Urban-Rural Development)
6. Promote the steady growth of foreign trade and foreign investment
18. Promote the accelerated development of foreign trade enterprises. Encourage enterprises to diversify and explore international markets, and provide 100% financial support for the booth fees of companies participating in key overseas exhibitions within 6 booths (including 6), and give less than 50% financial support for other booth fees other than 6 booths. Provide less than 60% of the financial support for enterprises purchasing short-term export credit insurance, with a maximum of 2.4 million yuan. Bank loans for foreign trade enterprises will be given subsidized support of less than 2 million yuan. For new foreign trade enterprises and newly introduced processing trade enterprises, financial support of less than 500,000 yuan and less than 2 million yuan will be given respectively. Support the construction of new forms and models of foreign trade as well as various platforms for opening up to the outside world and large land and sea channels, and encourage the innovative development of border trade and service trade. (Lead unit: Provincial Department of Commerce)
19. Improve the convenience of customs clearance for bulk resource commodities. For imported bulk resource commodities, the weight appraisal shall be carried out according to the application of the enterprise, and the imported iron ore, manganese ore, chromium ore, lead ore and its concentrate, crude oil and other mineral products shall be “released before inspection”. The actual situation is free to choose whether to apply to the customs for quality inspection. If the enterprise does not apply for the quality certificate issued by the customs, the customs will directly release the imported iron ore after passing the on-site inspection and quarantine, and the enterprise can sell and use it. (Leading units: Dalian Customs, Shenyang Customs)
20. Increase support for the introduction of foreign capital. For high-quality foreign-invested projects with a new establishment of more than 50 million US dollars and a capital increase of more than 30 million US dollars, rewards will be given according to the proportion of no more than 2% of the actual foreign investment in place, with a maximum reward of 10 million yuan. (Lead unit: Provincial Department of Commerce)
7. Striving to stabilize employment
21. Increase support for employment and entrepreneurship. Arrange special funds to help key groups such as college graduates, migrant workers, and people with employment difficulties get employed. According to regulations, provincial-level entrepreneurial cities and public employment and entrepreneurship service demonstration cities will each be given 3 million yuan in rewards and subsidies, and excellent entrepreneurial incubation bases will be given the highest 5 million yuan in rewards and subsidies. (Lead unit: Provincial Department of Human Resources and Social Security)
22. Improve professional skills. Coordinate the use of employment subsidy funds and vocational skills improvement special account balance funds to support more than 300,000 person-times of various subsidized trainings, more than 10,000 professional conversion and skill improvement trainings, and upgrade various urban and rural areas such as college graduates and migrant workers. The skill level and employment and entrepreneurial ability of workers. (Lead unit: Provincial Department of Human Resources and Social Security)
8. Reduce the operating costs of market entities
23. Reduce the cost of water, electricity and gas for enterprises. Continue to deepen the reform of the examination and approval process of water and electricity, focus on promoting the joint application and installation of water and electricity and “one-stop service”, and continuously improve the stability and reliability of water supply, power supply and gas supply and the service experience of enterprises and the masses. For small and micro enterprises and individual industrial and commercial households with difficulties in production and operation, “non-stop supply of water, electricity and gas” will be implemented for 6 months. During the 6-month deferred payment period, late payment fees for arrears will be exempted. Each enterprise can enjoy one time. The policy The implementation period is until December 31, 2023. (Leading units: Provincial Department of Housing and Urban-Rural Development, Provincial Business Bureau)
24. State-owned enterprises and administrative institutions will reduce or exempt housing rents of market players in stages. For small and micro enterprises in the service industry and individual industrial and commercial households that rent state-owned houses to engage in production and operation activities, the house rent for three months in 2023 will be exempted. When subletting or subletting state-owned houses, it is necessary to ensure that the rent reduction policy is effectively implemented to the actual lessee. The lessor may reduce or exempt the rent in accordance with regulations to reduce or exempt the real estate tax and urban land use tax of the month corresponding to the rent reduction or exemption in the current year, and the tax reduction or exemption shall not exceed the rent reduction or exemption amount. Guide state-owned banks to provide preferential interest rate pledge loans and other support to lessors who reduce or exempt rent as needed. (Lead unit: Provincial Department of Housing and Urban-Rural Development)
25. Reduce or exempt enterprise inspection and testing fees. Institutions affiliated to government agencies and state-owned enterprise legal person product quality inspection and testing institutions will reduce or exempt inspection and testing fees for enterprises and individual industrial and commercial households in 2023 at a rate not lower than that in 2022. (Lead unit: Provincial Market Supervision Bureau)
9. Actively revitalize stock assets
26. Encourage the issuance of real estate investment trust funds (REITs) in the infrastructure sector. The original equity holders who register and successfully issue REITs funds will be rewarded according to the issuance amount of 1‰, with a maximum of 5 million yuan. (Lead unit: Provincial Development and Reform Commission)
27. Support the revitalization and disposal of “unfinished building” projects. Implement tax and fee preferential policies for the continuation, undertaking, acquisition, and leasing of “unfinished building” projects, and promote the resumption, reconstruction, and revitalization of “unfinished building” projects. (Leading units: Provincial Taxation Bureau, Provincial Department of Housing and Urban-Rural Development, Provincial Department of Finance)
10. Strengthen implementation
All regions and departments must implement the State Council’s working mechanism requirements for a package of policies and measures to stabilize the economy, improve work implementation measures, coordinate and solve difficulties and problems in the process of policy implementation in a timely manner, and improve service efficiency. Policy implementation departments should dynamically sort out and announce policies that benefit enterprises, unblock policy supply channels, accurately push, accurately interpret, strengthen guidance, and track services, respond to social demands and concerns in a timely manner, and ensure that policy measures reach market players directly.
All policies and measures shall be implemented from the date of issuance, and each clause shall be interpreted by the specific leading unit.
Attachment: Continue to implement a series of policy measures to stabilize the economy in 2023
