Chapter 1 General Principles
Article 1 In order to promote the agglomeration development of industries in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as the Qianhai Cooperation Zone), facilitate innovation and entrepreneurship, and in accordance with relevant regulations such as the "Regulations of the Shenzhen Special Economic Zone on the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" and the "Measures of the Authority of Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone," and considering the actual situation in Qianhai, these measures are formulated.
Article 2 The "Qianhai Industrial Development Fund" (hereinafter referred to as the Industrial Fund) mentioned in these measures refers to the special funds, allocated from the fiscal budget of the Authority of Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as the Qianhai Authority), intended to support industrial development in Qianhai and designated for specific purposes and performance goals.
Article 3 The Industrial Fund is primarily used to support industries in the Qianhai Cooperation Zone, including modern finance, trade logistics, information services, technological services, cultural creativity, business services, public services, and modern marine sectors, promoting the deep integration of modern service industries with advanced manufacturing industries.
Article 4 The arrangement, use, and management of the Industrial Fund shall adhere to the principles of scientific guidance, budget control, performance emphasis, and openness and transparency, utilizing the leading role of industries to achieve aggregation effects.
Chapter 2 Funding Targets and Methods
Article 5 The support targets of the Industrial Fund include enterprises, public institutions, social organizations, and individuals that meet the stipulated conditions of the Qianhai Industrial Fund support policy.
Article 6 Based on the needs of industrial development, the Qianhai Authority may establish several special funds for specific industries:
Industry-specific funds: Focused on the development of key industries in Qianhai, facilitating the circulation of production factors and fair market participation;
Industrial investment guidance fund: Establishing an industrial investment guiding fund for Qianhai to encourage social capital investment in Qianhai's industries and urban infrastructure, as well as social development areas;
Shenzhen-Hong Kong cooperation fund: Supporting innovation and entrepreneurship projects involving Hong Kong, Macau, Taiwan, and international enterprises and individuals, as well as major cooperation projects and promotional activities;
Talent development fund: Supporting talent introduction, training, utilization, service, and infrastructure construction for talent innovation and development;
Other special fundsestablished based on the needs of industrial development in Qianhai.
Article 7 Strict control over the number and scale of special industrial funds shall be maintained, and the creation of a new special fund shall not be permitted merely due to the addition of a new task. The supported industries or areas of each special fund shall avoid overlap, and special funds of the same nature should be managed centrally. There will be limits on the maximum support amount for individual recipients, and in principle, the same recipient cannot reapply for support on the same matter.
Article 8 When establishing special industrial funds, clear guidelines should be provided regarding the basis for establishment, use of funds, scope of use, management responsibilities, allocation methods, expenditure management, approval procedures, performance management, and supervisory checks.
Article 9 The existence, adjustment, and abolition of special industrial funds shall be dynamically managed. Special industrial funds shall operate under an expiration exit system; funds shall not be budgeted once the fund's period expires or is terminated during its duration. For policies that expire but still require budget allocation for commitments made within the effective period, transition work should be accomplished.
Article 10 The Industrial Fund shall, in principle, provide support primarily after the fact, with some support available before the fact. In cases where prior support is provided, a support agreement must be signed with the recipient.
Various support methods for the Industrial Fund include fiscal subsidies, grants, interest subsidies on loans, reward-based compensation, and equity investments in funds.
Chapter 3 Acceptance and Review
Article 11 The Qianhai Authority shall, in accordance with the policies for special industrial funds, develop application guidelines (notifications) and publicly release them. The application guidelines (notifications) should specify support targets, intended use of funds, application time, conditions, procedures, and other relevant content.
Article 12 Projects funded by the Industrial Fund are categorized as either approval-based or evaluation-based.
Approval-based projects must meet the following conditions:
The prerequisite qualification recognition procedures have been completed;
The support standards or ratios are clear, based on specific and quantifiable criteria;
The support amount does not involve discretionary power.
Projects not meeting all three conditions are classified as evaluation-based projects.
Article 13 The Qianhai Authority shall review project applications in accordance with the policies for special industrial funds, and may organize expert evaluations or commission third-party professional institutions for assistance if necessary.
Article 14 Projects approved by the Qianhai Authority must be publicly disclosed for no less than five working days. If confidentiality requirements prevent public disclosure, the matter shall be handled in accordance with national confidentiality regulations.
Any organization or individual who has objections to the public announcement must submit a written, real-name objection to the Qianhai Authority within the announcement period; the Qianhai Authority shall investigate and verify the objections.
For projects with no objections or where objections are not valid, funds shall be allocated in accordance with relevant central treasury management regulations.
Article 15 The Qianhai Authority shall track and supervise the use of the Industrial Fund, and the applicant unit must accept oversight as required. For projects that require acceptance of pre-funded support, the Qianhai Authority shall organize acceptance work according to the support agreement.
Chapter 4 Budget and Performance Management
Article 16 The Qianhai Authority shall propose annual ceilings for the Industrial Fund and limits for each special fund based on annual financial capabilities; the Industrial Fund shall follow a zero-based budget and shall not be linked to previous years' expenditure scales. The Qianhai Authority shall scientifically draft the annual budget according to the maturity and urgency of project reserves, in compliance with zero-based budgeting requirements.
Article 17 The Industrial Fund shall be strictly executed according to the approved budget, with no arbitrary adjustments permitted. The Qianhai Authority should timely clean up policy aspects related to industries that do not adapt to current conditions or where fund utilization is inefficient. Adjustments required during budget execution must follow the relevant provisions of the Qianhai Authority’s budget management. If approved industrial funds exceed the total annual budget, adjustments should preferably be solved through budget adjustments or by proportionately adjusting all approved industrial funds.
Article 18 Industrial Funds must be used for dedicated purposes only, allocated in accordance with the centralized treasury payment management regulations. For industrial funds allocated to fulfill policies from the previous year, in the absence of objective factors, funds should generally be disbursed by the end of June.
Article 19 Industrial Funds shall implement comprehensive performance management, and the Qianhai Authority shall report on performance objectives for industrial funds during the annual budget preparation phase, which will be used as a basis for executing the budget, monitoring project operation, and evaluating performance.
Article 20 The Qianhai Authority shall timely conduct performance evaluations concerning the implementation of industrial projects and the use of funds as required. Newly established special funds should undergo ex ante evaluations, and ongoing special funds should conduct post-implementation evaluations. The evaluation results will serve as important bases for the budget arrangement and policy adjustments in the next fiscal year.
Chapter 5 Responsibilities and Supervision
Article 21 The Qianhai Authority shall standardize the entire management process of industrial funds, implementing ongoing supervision over policy formulation, project application, review, acceptance, fund allocation and use, and performance management, while consciously accepting supervision from finance, audit, discipline inspection and supervision agencies, and society.
Article 22 Applicant units and individuals are responsible for the authenticity, completeness, effectiveness, and legality of the submitted materials, and are subject to oversight by the Qianhai Authority, finance, audit, discipline inspection and supervision agencies, and society. Those who commit fraud during the application or execution processes, refuse to cooperate with performance evaluations or supervisory checks, or violate written commitments shall be subject to repayment of funds by the Qianhai Authority and included in credit management. Those suspected of illegal activities will be transferred to judicial authorities for handling.
Article 23 If a commissioned third-party professional institution conducts fraud, conceals facts, colludes with applicant units to cheat, or similar misconduct during project and fund evaluations, audits, and management, it will have its qualification for service with the Qianhai Authority revoked and be placed on the list of untrustworthy entities. Legal responsibility will be pursued for any losses caused to the Qianhai Industrial Fund, and any suspected criminal conduct will be reported to judicial authorities.
Article 24 The Qianhai Authority and its relevant staff shall be held accountable for failing to perform their duties correctly regarding the industrial funds. Any suspected occupational crimes will be reported to the supervisory authorities for handling.
Chapter 6 Supplementary Provisions
Article 25 These Measures shall be interpreted by the Qianhai Authority.
Article 26 Matters not covered in these Measures shall be executed according to relevant regulations. In the event of any conflict between these Measures and higher-level documents such as national laws, regulations, rules, and normative documents from the Shenzhen Municipality, the higher-level documents shall prevail.
Article 27 These Measures shall be implemented from the date of issuance and shall remain in effect for three years. The original "Management Measures for the Industrial Development Fund of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" (Shenzhen Qianhai [2020] No. 3) is hereby repealed.