“For the headquarters of newly registered financial enterprises in Shenzhen, the maximum reward is 50 million”;
“Cultivate a number of leading financial technology enterprises such as Tencent Jinke and Ping An technology”;
“Support the listing and financing of high-quality financial technology enterprises”;
“Guide venture capital, venture capital, early investment and small investment in science and technology”
On April 7, Shenzhen local financial supervision and Administration issued three groups of financial support policies in one breath, including “several measures to support the development of financial enterprises in Shenzhen”, “several measures to support the development of financial technology in Shenzhen” and “several measures to promote the sustainable and high-quality development of venture capital in Shenzhen”, from the business environment, attracting financial institutions to settle down, cultivating leading enterprises in financial technology Many measures have been taken to support the development of key venture capital and venture capital institutions, and real gold and silver have been taken to attract financial institutions to settle in Shenzhen.
Some financial regulators close to Shenzhen told reporters that the “three attacks” of Shenzhen’s financial development policy is the “construction drawing” of Shenzhen’s financial development in the future in order to systematically implement the goal of “one district and four centers”.
The source said that this time, Shenzhen has issued relevant support policies for the “global financial technology center” and “global innovation capital formation center”, and will successively issue support policies for the “global sustainable financial center” and “international wealth management center” in the future.
strong efforts: ten million yuan will be rewarded for the settlement of financial and venture capital institutions
In the three heavyweight documents released in Shenzhen, financial and venture capital institutions will be rewarded with real gold and silver.
● for the headquarters of financial enterprises newly registered and established in Shenzhen, if the paid in capital is less than 200 million yuan to 1 billion yuan (inclusive), a settlement reward of between 5 million yuan and 20 million yuan will be given. For those with a paid in capital of more than 1 billion yuan, a reward of 1 million yuan will be added for each additional 100 million yuan, and the maximum amount of one-time settlement reward for a single enterprise shall not exceed 50 million yuan.
● give financial incentives of up to 20 million yuan for financial science and technology infrastructure; For other financial science and technology key projects introduced by Shenzhen that are innovative or conducive to the construction of Guangdong, Hong Kong and Macao Dawan district and the first demonstration zone, a one-time settlement reward of 10 million yuan will be given.
● for newly established or newly relocated equity investment and venture capital enterprises, if they actually invest in unlisted enterprises in Shenzhen within three years, their management enterprises will be rewarded with 5 million yuan for every 400 million yuan (or equivalent foreign currency), and the maximum amount of a single reward is 20 million yuan.
● for newly established or newly relocated private securities investment fund management enterprises, 3 million or 5 million yuan will be awarded according to the actual management scale.
In the view of the industry, Shenzhen is the first city in China to introduce financial development policies with such great efforts.
In recent years, the contribution of Shenzhen’s financial industry to the economy has been continuously improved. In 2021, the added value of Shenzhen’s financial industry was 473.88 billion yuan, accounting for 15.4% of GDP. The tax revenue was 166.2 billion yuan, accounting for 24% of the city’s total tax revenue, and continued to rank first in all industries.
Moreover, from the perspective of the development of Dawan District, Liu Guohong, assistant to the president of China (Shenzhen) Comprehensive Development Research Institute, said that this will give better play to the role of Shenzhen as an engine city. On the one hand, it will increase support for venture capital and provide more financial support for innovative and entrepreneurial enterprises; On the other hand, increasing support for financial technology will attract and cultivate more leading financial technology enterprises.
Ren Zhihong, director of the Hong Kong, Macao and Taiwan Research Center of the Guangdong Academy of Social Sciences, said that at present, the number of financial technology enterprises in Shenzhen is in a leading position in China, and the number of financial technology “unicorns” is second only to Beijing; The density and intensity of Shenzhen’s venture capital enterprises have always occupied the throne of No. 1 in China, and the introduction and implementation of these systematic financial support schemes will play a greater role in building Dawan district’s “global financial technology center” and “global innovation capital formation center”.
He Jie, director of Shenzhen local financial supervision and Administration Bureau, said that the purpose of issuing the above three heavyweight documents is to realize the high-quality development of Shenzhen’s financial industry, create a first-class development ecology, better structure, larger scale and better efficiency, serve the development of the real economy, and continuously improve the agglomeration and competitiveness of Shenzhen finance.
wide range: financial enterprise headquarters “expansion”
The policies released by Shenzhen this time are more extensive, expand the benefits of the policies, further attract the agglomeration of high-quality financial resources, and support the expansion and strengthening of Shenzhen’s financial industry.
● among them, the “expansion” of the headquarters of financial enterprises has included “securities asset management companies and important financial infrastructure approved by the municipal government”, with a maximum of 50 million yuan as a one-time settlement reward and other support policies;
● include independent fund sales institutions into the scope of support, and give a one-time settlement reward of up to 5 million yuan and other support policies;
● expand the policy support scope of local financial organizations from the previous only two business formats to the whole business format, and give a capital increase reward of up to 10 million yuan;
● bring the national Internet business center of insurance enterprises into the scope of support and give a one-time reward of 1 million yuan.
He Jie said that Shenzhen’s financial support policies should be consistent with the latest national financial policies. For example, according to the decision of the State Council on implementing the access management of financial holding companies implemented in November 2020, Shenzhen has added relevant policy support for financial holding companies this time – giving 10 million yuan one-time reward and other support policies to qualified financial holding companies.
ecological integrity: expanding the global influence of Shenzhen finance
In order to better support the development of Shenzhen’s financial industry, the policy also increased support for the financial ecology.
In terms of financial science and technology ecology, we will further expand the global influence of Shenzhen’s financial industry, take the lead in holding a financial science and technology festival with global influence in China, and create a first-class platform for financial science and technology docking, learning and research exchange, achievement display, investment attraction and business cooperation through “one festival, one competition, one forum and one exhibition”.
In terms of cultivating leading enterprises, Shenzhen Financial technology enterprises are encouraged to innovate and develop, become bigger and stronger. The policy also proposes to support the listing and financing of high-quality financial technology enterprises. At the same time, support financial technology enterprises to broaden financing channels by issuing bonds and asset securitization.
At the same time, the document also puts forward the goal of “striving to cultivate a number of leading financial technology enterprises such as Ping An technology, Tencent Jinke and Weizhong bank”.
In addition, in terms of making up for the shortage of talents, we will strengthen the training and introduction of financial science and technology talents around the “Shenzhen, Hong Kong and Macao financial science and technology teachers” professional plan. It is reported that in 2019, the Shenzhen Local Financial Bureau, together with the financial management departments of Hong Kong and Macao, launched the expertise plan of the Financial Technology Department of Shenzhen, Hong Kong and Macao. Now 1047 first-class and 75 second-class licensees have been cultivated, which is a beneficial attempt to standardize talents.
He Jie said that next, operational guidelines will be formulated according to a number of measures. Benchmarking with the world-class, formulate the development plan of financial science and technology, create a number of functional clusters with dislocation, complementarity and coordinated development, and inject strong financial momentum into the real economy through financial science and technology empowerment.
Dong ximiao, chief researcher of Zhaolian finance, believes that in recent years, a number of important financial technology infrastructure such as baihang credit investigation, national financial technology evaluation center and Shenzhen Financial Technology Research Institute under the digital currency Research Institute of the central bank have settled in Shenzhen, which has the foundation to build a “global financial technology center”.
He Jie said that Shenzhen will make every effort to build an international venture capital center, strive to attract and cultivate a number of well-known venture capital institutions at home and abroad, focus on guiding innovative capital elements, and gather new economy, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) , new business forms.
The released policy document pointed out that it is necessary to promote the linkage development of raising, investment, management and withdrawal, and promote the accelerated development of venture capital in the links of “raising, investment, management and withdrawal” through high-quality planning of international venture capital agglomeration areas, broadening the docking channels of fund-raising, enriching the exit channels, unblocking the channels of venture capital Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) investment, promoting innovation and opening-up, and optimizing the government fund management system. Support areas (new areas) with mature conditions to build venture capital parks, fund towns, venture capital towns and other venture capital agglomeration demonstration areas, formulate special support policies and provide all-round “one-stop” services.
strong operability: up to 50 million yuan of housing subsidy
According to people close to Shenzhen’s financial supervision, the investigation and demonstration of Shenzhen’s financial supervision department took more than a year to formulate and introduce this round of policies. “The amount of financial and related resource support required by the policy document has been repeatedly calculated, so it has strong landing and operability.”
first of all, the policy boundary is defined for example, the identification of leading financial technology enterprises includes: first, financial technology enterprises with scientific and technological transformation of traditional licensed financial institutions, second, financial institutions initiated or controlled by large Internet companies, and third, technology companies providing independent services for financial institutions.
also defines the key projects of Shenzhen’s financial technology development at the industry level – support the development of a number of key projects around the frontier fields such as regulatory technology, financial innovation, digital RMB, smart contract, trade finance platform and supply chain finance. At the same time, we will promote key basic technologies such as artificial intelligence, blockchain, database, distributed technology and privacy computing, and constantly consolidate and strengthen Shenzhen’s advantages in the field of financial technology.
in addition, it also further defines the application standards for housing rental subsidies of financial enterprises – for the headquarters of financial enterprises without their own office space in Shenzhen, if they purchase their own office space (including the supporting business space of the headquarters) for the first time, they will be given a one-time subsidy of 10% of the purchase price, up to 50 million yuan.
For venture capital enterprises settled in or moved to Shenzhen, the maximum subsidy for purchasing self use office space is 5 million yuan; Within 3 years of renting office space, 30% – 40% of the market reference price of house rent will be subsidized every year.
Ren Zhihong said that with the rise in the prices of production factors such as house prices and employment in Shenzhen, the introduction of supporting measures such as renting houses will effectively alleviate the pressure of operating costs of enterprises.
