Notice of the General Office of the Hangzhou Municipal People's Government on Forwarding the Implementation Measures of the Opinions of the Hangzhou

Hangzhou Government Office Document No. [2001] 23

People's governments of all districts, counties (cities), all departments and directly affiliated units of the municipal government:

　　The "Implementation Measures for the Several Opinions on Rewarding the Referrers of Foreign Investment Projects" formulated by the Municipal Foreign Economic and Trade Bureau has been approved by the municipal government. It is hereby forwarded to you. Please earnestly implement it.

General Office of the People's Government of Hangzhou 

                                   December 30, 2001 

Implementation Measures for Rewarding the Referrers of Foreign Investment Projects

　　(The Municipal Foreign Economic and Trade Bureau, December 29, 2001)　　

　　In accordance with the "Several Opinions on Rewarding the Referrers of Foreign Investment Projects" issued by the General Office of the Municipal Government (Hangzhou Government Office Document No. [2001] 7), the following implementation measures are hereby formulated:

　　1. Referrers who introduce foreign investors to establish Sino-foreign joint ventures, cooperative enterprises and wholly foreign-owned enterprises in Hangzhou after January 1, 2001 (excluding the part of project capital increase) and whose tax registrations (both national and local taxes) are in Hangzhou are within the scope of rewards of these implementation measures.

　　2. For municipal government agencies that directly introduce foreign investors to establish foreign investment projects in Hangzhou, the rewards shall be included in the target responsibility system assessment of municipal government agencies.

　　3. The rewards for referrers shall be calculated based on the actually paid-in registered capital funds of foreign investors as stipulated in the contract or articles of association. If the investment methods of foreign investors stipulated in the contract or articles of association include intangible assets, the part of intangible assets shall be handled accordingly. For high-tech projects where foreign investors contribute with intangible assets, the reward amount for intangible assets shall not exceed 35% of the registered capital of the project.

　　4. After foreign investors have made their capital contributions as stipulated in the contract or articles of association, and the capital has been legally verified and a capital verification report or certificate has been issued, referrers can prepare relevant materials and apply for rewards for referrers to the examination and approval department of foreign-invested enterprises at the project location.

　　5. If referrers are unable to provide all the required materials due to objective reasons, they must explain the reasons in writing. The rewards shall be examined and approved by the review agency for rewards of foreign investment projects at the project location.

　　6. Referrers shall, in accordance with regulations, collect the rewards at the finance department at the project location with relevant materials, and the department handling the rewards shall withhold and pay individual income tax in accordance with regulations. When entrusting others to collect the rewards, the referrer shall submit a power of attorney stamped with the referrer's private seal and signed, a copy of the referrer's ID card, and the original and a copy of the agent's ID card.

　　These implementation measures shall be interpreted by the Hangzhou Foreign Economic and Trade Bureau.

　　Annex: 1. Registration Form for Referral of Foreign Investment Projects

　　2. Confirmation Letter for Referral of Foreign Investment Projects