Normative Document No.1 [2024] of Bureau of Commerce of Nansha Economic and Technological Development Zone of Guangzhou Municipality

Notice by Bureau of Commerce of Nansha Economic and Technological Development Zone of Guangzhou Municipality on Issuing the Measures to Promote the Steady Growth of Wholesale and Retail Sectors in Guangzhou Nansha New Area (Nansha Area of Guangdong Pilot Free Trade Zone) in 2024

All towns (subdistricts), departments of and agencies directly under Nansha Economic and Technological Development Zone (Nansha District),

The Measures to Promote the Steady Growth of Wholesale and Retail Sectors in Guangzhou Nansha New Area (Nansha Area of Guangdong Pilot Free Trade Zone) in 2024 has been approved by the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality and is hereby issued to you for your compliance and implementation. Problems encountered in the implementation shall be directly reported to the Bureau of Commerce of Nansha Economic and Technological Development Zone of Guangzhou Municipality.

Bureau of Commerce of Nansha Economic and Technological Development Zone of Guangzhou Municipality

June 26, 2024

 Measures to Promote the Steady Growth of Wholesale and Retail Sectors in Guangzhou Nansha New Area (Nansha Area of Guangdong Pilot Free Trade Zone) in 2024

 This Measures are developed in accordance with the arrangements specified in relevant documents including the Several Measures to Boost Confidence, Stimulate Vitality and Drive Economic Growth in Nansha District, Guangzhou (Normative Document No.1 [2024] of the Office of the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality), for the purposes of stimulating the vitality of wholesale and retail market players, further promoting the steady growth of wholesale and retail sectors of Nansha in 2024, enhancing business increment, and increasing stock,

These Measures shall apply to the enterprises, institutions and parks that actually engage in business activities in Nansha, have a sound financial system, and meet relevant requirements.

Article 1 Development and Growth Reward

Wholesale and retail enterprises above the designated size in Nansha will be rewarded for business increment in 2024:

1. Wholesale enterprises whose sales volume in the first half of 2024 has increased by RMB 100 million yuan (including RMB 100 million yuan) to RMB 200 million yuan or RMB 10 million yuan (including RMB 10 million yuan) to RMB 100 million yuan compared with that in the first half of 2023 will be granted a one-time reward of RMB 20,000 yuan or RMB 10,000 yuan.

2. Wholesale enterprises whose annual sales volume in 2024 has increased by RMB 100 million yuan to RMB 1 billion yuan compared with that in 2023 will be granted a reward of RMB 50,000 yuan for each increase of RMB 100 million yuan, maximum RMB 500,000 yuan. Retail enterprises whose annual sales volume in 2024 has increased by RMB 50 million yuan to RMB 1 billion yuan compared with that in 2023 will be granted a reward of RMB 50,000 yuan for each increase of RMB 50 million yuan, maximum RMB 1 million yuan. As for this reward and the reward specified in the first item of this article, the higher one shall prevail and shall be granted only once.

Article 2 Industrial Agglomeration Reward

Operators who have successfully invited wholesale or retail enterprises to move in the office buildings in Nansha for actual business activities and have signed a lease contract with such enterprises for more than two years (counted from 2024) in 2024 will be granted a one-time reward according to the size of such wholesale or retail enterprises:

1. For wholesale enterprises whose sales volume in 2024 has exceeded RMB 20 million yuan (including RMB 20 million yuan) within the validity term of this policy after move-in and retail enterprises whose sales volume in 2024 has exceeded RMB 5 million yuan (including RMB 5 million yuan) within the validity term of this policy after move-in, operators will be granted a one-time reward of RMB 10,000 yuan for each enterprise that has been successfully invited, and such reward shall be paid quarterly.

2. For wholesale and retail enterprises whose sales volume in 2024 has exceeded RMB 100 million yuan (including RMB 100 million yuan) within the validity term of this policy after move-in, operators will be granted a one-time reward of RMB 20,000 yuan for each enterprise that has reached the above-mentioned scale, and such reward shall be paid yearly. This reward may be granted together with the reward specified in the first item of this article.

Supplementary Provisions

1. If the same wholesale or retail enterprise meets the provisions of this Measures, the Several Measures to Boost Confidence, Stimulate Vitality and Drive Economic Growth in Nansha District, Guangzhou and the Supporting Measures to Promote the High-quality Development of the Trade Service Industry in Guangzhou Nansha New Area (Pilot Free Trade Zone) at the same time, the highest subsidy or reward shall prevail and shall be granted only once, unless otherwise stipulated. Enterprises can enjoy the same type of policy support from a higher-level authority and Nansha at the same time, but the part that the policy of such higher-level authority requires Nansha to bear shall be deducted when the enterprises apply for support to Nansha. Enterprises that enjoy preferential policy support according to the “one enterprise, one policy” principle shall not enjoy similar policy support specified in this Measures. Tax-related expenses of the subsidy and reward shall be borne by the applicant. For enterprises that have moved out from another district of Guangzhou to Nansha, relevant provisions of Guangzhou shall prevail. In case of hand-in funds in budget transfer, the above-mentioned subsidy or reward shall be deducted during policy implementation.

2. Beneficiaries of the reward specified in these Measures shall sign a letter of commitment. If they fail to honor the commitment, they shall return all the funds they have received, together with interest according to the loan prime rate (LPR) of the same period. Their application for such reward shall not be accepted within three years. Enterprises that have illegally obtained policy funds shall be handled by relevant authorities in accordance with the law.

3. All the currency mentioned in these Measures is CNY. The words describing numerical values including “no more than”, “more than”, “maximum”, “exceed” and “higher than” in this Measures include the base values. The proportion and limit of some rewards and subsidies specified in this Measures are the upper limit amount. Specific policy support shall be adjusted according to the fiscal budget for the current year.

4. These Measures shall enter into force from the date of issuance and shall be valid until December 31, 2024. Where there is any adjustment or change to relevant laws, regulations, or policies within the validity term of the Measures, such adjustment or change shall prevail.

Form of Disclosure: Active Disclosure