Henan Takes Industrial Spanfer To Give Preferential Treatment To Leather Products And Footwear Industry.

In June 7th, from the implementation opinions of the Henan provincial government on "further improving the utilization of foreign capital", it was learned that leather products (leather free) and footwear manufacturing, which undertake industrial spanfer and enter the industrial gathering area, will give many preferential policies.

It is said that in the foreign investment industry guidance catalogue, the total investment (including capital increase) is less than 300 million US dollars in the encouraged category. In addition to the approval of the approved catalogue of investment projects, the State Council and the relevant departments of the provincial government shall be approved by the administrative committee of the development and reform departments or industrial clusters (including the state-level, provincial development zones and the new urban areas approved by the provincial governments) of all provinces, cities and counties. That is to say, which city and county management, decentralization to which city and county.

It will undertake the spanfer of industries and enter into the encouraged category projects, including leather products and footwear manufacturing, which are produced in the industrial gathering area. The approval of foreign investment projects will be delegated to the provincial cities.

The provincial government encourages Chinese companies to set up regional headquarters, R & D centers, procurement centers, financial management centers and settlement centers in Henan Province. For the identified national and provincial R & D institutions, they will be given a one-time subsidy of 2 million yuan and 1 million yuan respectively.

Before December 31, 2010, import and export tariffs and import value-added tax and consumption tax should be exempted from the import and export of scientific and technological development supplies that meet the requirements of the foreign R & D center.

For enterprises that successfully achieved overseas listing from 2010 to 2012, the provincial finance will be rewarded by 1% of the amount raised.