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Hubei plans to set up 5billion Chemical Transformation Fund

Hubei plans to set up 5billion Chemical Transformation Fund

January 11, 2019

the general office of the Hubei provincial government recently issued the implementation opinions on supporting the transformation and upgrading of the chemical industry along the river in the province, and proposed measures such as steadily promoting the customs reform and transfer of chemical enterprises along the river and increasing the support of fiscal and tax policies. The opinions mentioned that a special fund for the transformation and upgrading of the chemical industry along the Yangtze River will be established. The provincial equity investment guidance fund and other government invested Chinese funds with the appropriate particle size specially set up a special sub fund of no less than 5billion yuan for the transformation and upgrading of the chemical industry, focusing on supporting the customs reform and transfer of chemical enterprises along the river and the construction project of industrial transformation and upgrading of Chinese coatings

the opinions proposed that the implementation plan of Customs reform and transfer of chemical enterprises along the river should be refined and implemented, and the schedule and road map of Customs reform and transfer of chemical industry along the river in the province should be clarified; We should promote the construction of chemical industry parks with high standards and high quality. For chemical industry parks that meet the overall land use planning and urban overall planning, and the undertaking parks have the conditions for regulation and expansion, we can apply for the establishment and appropriate expansion of the undertaking Park scale, so as to meet the relocation needs of chemical enterprises along the river

in order to carry out this work well, Hubei Province will increase fiscal and tax policy support, and the provincial finance will arrange 200million yuan of special support funds for customs reform and transfer of chemical enterprises along the river every year; Increase the special fund support for the transformation and upgrading of traditional industries, and include key areas such as the relocation and transformation of chemical enterprises, the development of new products, intelligent manufacturing, green manufacturing, the integration of industrialization and industrialization, the construction of innovation platforms and the cultivation of invisible champions into the scope of special fund support for the transformation and upgrading of provincial-level traditional industries that are not easy to fall off and give priority to; Strengthen tax policy support. For example, enterprises included in the task list of Customs reform and transfer of chemical enterprises along the river and the task list of relocation and transformation of hazardous chemical production enterprises can enjoy the policy of returning new local fiscal revenue to enterprises and reducing production capacity and adjusting structure in the first three years of operation, and the policy of exempting real estate tax and urban land use tax for enterprises that stop production or business

in terms of financial policy support, in addition to increasing government bond support and broadening enterprise financing channels, it is necessary to establish a special fund for the transformation and upgrading of the chemical industry along the river. The provincial equity investment guidance fund and other government investment funds have specially set up a special sub fund of no less than 5billion yuan for the transformation and upgrading of the chemical industry, focusing on supporting the construction projects of Customs reform and transfer and industrial transformation and upgrading of chemical enterprises along the river

in addition, measures such as strengthening land policy support, properly resolving various risks in various ways, strengthening safety and environmental protection supervision, accelerating the comprehensive utilization of phosphogypsum resources, taking into account the factors such as simple peripheral circuits, good reliability, low power requirements and economy, etc., are also tensile tests, also known as tensile tests, which are listed as policy options

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