Entering into contracts with enterprises in the free trade zone will be granted RMB 100,000, and the commercialization of scientific and technological achievements of talents will enjoy a subsidy of up to RMB 1 million... On July 4th, outside the exhibition hall of the South Sichuan Port Area of Sichuan Pilot Free Trade Zone, a New Policy Release Conference attracting talent and enterprises to settle in "Lu" was held in Luzhou. In the meeting, 40 new policies targeting talents, logistics and financial services were introduced.

Ten New Talent Policies

We will create a talent sub-center in the province in terms of talent gathering and cultivation. On top of the original "Twelve Measures for Drawing High-level Talents", the "Incentives for Introducing Talents in Urgent Need and with Practical Skills", namely the Ten New Talents Policies, were released.

Expanding the scope of talent accreditation and simplifying the process. Anyone who has obtained a doctoral degree or a full-time master's degree specialized in majors like shipping logistics, economics and finance, or has received a professional title above the vice-senior level, can be introduced as talents in urgent need or with practical skills to the free trade zone after accreditation. An independent online and offline window offering professional services such as accreditation and treatment for talents from all walks of life will be established.

We will increase incentives and supports. Special support will be given to the introduced talents in urgent need and with practical skills. A one-time subsidy will be granted to those who have obtained middle and vice-senior titles in the free trade zone.

We will simplify procedures of residence for foreigners. Outstanding Foreign Talents (Class B) graduated within one year can apply for employment procedures and job-related residence permits directly after receiving the certificate from the Free Trade Zone Management Committee.

Foreign high-end talents, as well as their spouses and underage children who are up to the criterion and recommended by the Management Committee of the South Sichuan Port Area, can apply for permanent residence in China.

We are to implement a market-oriented talent introducing mechanism. Incentives will be allotted to individuals, enterprises or units that have helped and supported the introduction of talents in urgent need or with practical skills to work and start businesses in the Free Trade Zone.

Ten New Polices for Port Trading

In terms of port and shipping logistics development, we will accelerate the cultivation of the eastward and southward open channels, build a three-dimensional opening-up pattern across the board and formulate 10 new policies for port trading.

On the one hand, we will improve and facilitate the service capacity of the port, and adopt the model of ’government purchase of services’ to create a port of “zero-cost” for customs clearance. Lifting, moving, devanning and weighing expenses incurred by inspection at the port and Chengdu Railway Bonded Logistics Center (Type B) shall be exempted; the costs of disinfection and fumigation of foreign trade cartons, the maintenance costs and network and communication fees generated by the port and smart entry and exit of Bonded B, shall be reduced by full amount.

On the other hand, we will deepen the construction of pivotal passages and strengthen direction-oriented support.

Taking the east-oriented support as an example, after granting a subsidy to water transportation routes and highways, their prices are equal to that of the surrounding ports. The lift ship operates 4 shifts per week, guaranteeing foreign trade supply and key sources of goods; after granting a subsidy to railway routes, their ticket prices are equal to that of the national railway, realizing zero-cost for railways leading to harbors and for loading and unloading; after granting a subsidy to the amounts of container for freight forwarder, Luzhou Port has achieved a comparative advantage.

Shifting to the south and west-oriented support, for goods collected in Bonded B or Port of Luzhou, and transported by road or railway to the container yard of Chengdu Land Port, then to Chengdu-Europe Train (including the China Railway Express), or for those foreign trade supply transported by railway via Guangzhou to and fro the world, subsidies are given for the logistics channels.

In addition, we will increase the support for functional platforms. In the Bonded Logistics Center of Luzhou Port, subsidy is given to logistics according to the cumulative value of imports and exports, full exemption is provided for entry and exit confirmation, and bonded warehouses are offered free of charge.

Ten New Polices for Financial Services

In terms of financial service optimization, we endeavor to expand the scale of the industry by launching ten new policies.

A one-off start-up and subsidy for the rent or purchase of business occupancies are granted for financial institutions newly stationed in the area, and special incentives are given to financial institutions that have made outstanding contributions to financial reform and innovation.

The local retained part of corporate income tax of financial institutions and the personal income tax of senior executives will be supported in accordance with the principle of “2-Year Free and 3-Year Half”, and work and life related support will be given to executives of financial institutions and their families.

We will build high standard platforms for cooperation among banks, governments and enterprises, improve mechanisms of risk-sharing and discounts, and develop financial markets through government procurement of financial services.

In terms of financial leasing, in addition to the above-mentioned supportive policy, a number of special support policies have also been laid out. Financial leasing enterprises can engage in overseas financing and overseas leasing businesses, and are entitled to set up professional subsidiaries for special project.

Ten New Supportive Polices for the Development of Headquarters Economy

In terms of headquarters economy development, we will cultivate its format, optimize the industrial structure, and formulate the “Ten New Polices” to support its development.

First, five years of financial subsidies are conferred on headquarters enterprise since its accreditation based on the personal income tax and year-on-year increase of the local retention of their annual corporate income tax, payable and paid administrative fees, and other operating tax revenues.

Second, a start-up subsidy of not more than RMB 10 million will be granted according to the actual registered capital of the enterprise.

Third, support or subsidies will be given for office buildings, housing, and land usage. In addition, the headquarters enterprises that have made special contributions to the South Sichuan Port Area will receive special support of “one enterprise, one policy”.

According to the statistics of the South Sichuan Port Area in the Sichuan Free Trade Zone, since its unveiling, the area has promoted the implementation of 138 trial tasks laid out in the “Overall Plan” and emulated 164 successful cases in the reform of the free trade zone, and it has formed 140 innovative experiences, including 16 pioneering ones in the country. At present, there are 4,301 newly established enterprises with a registered capital of RMB 38.416 billion, 5.7 times higher than that of the already existed enterprises.