Interim measures for the development of Haidian District to promote venture capital enterprises

The first is to implement the "Beijing Municipal Committee of Beijing Municipal People's Government on the promotion of the development of the capital Financial industry," (Beijing hair (2008)8), promote the Haidian District venture capital industry norms, rapid development, attracting all types of venture capital at home and abroad to gather and invest in our regional enterprises, formulate these measures

The venture capital institution referred to in these measures refers to the venture capital enterprises and venture capital Management enterprises which carry out business registration and tax registration in Haidian District and engage in venture capital business activities.

The business activities of venture capital enterprises in these measures refer to:

(a) direct investment in enterprises;

(b) To accept the commission of other venture capital enterprises and economic organizations to manage their venture capital business;

(iii) providing venture capital and management consultancy;

(iv) Other operations permitted by law and regulations.

Fourth the business activities of venture capital management Enterprises in these measures refer to:

(a) to accept the entrustment of other venture capital enterprises and economic organizations to manage their venture capital business;

(b) Investing in projects entrusted to them by other venture capital enterprises and economic organizations;

(iii) The provision of venture capital project recommendation and evaluation services;

(iv) providing venture capital and management consultancy;

(v) Other operations permitted by law and regulations.

Fifth set up Haidian District venture capital Institution Joint Meeting system, the government departments and venture capital institutions to participate together. The specific affairs are organized by Beijing Haidian District Venture capital and private Equity Investment Association (hereinafter referred to as "VC Association").

Sixth a venture capital enterprise applying for policy support for these measures shall satisfy the following conditions:

(a) limited to investment in unlisted enterprises, and the investment of individual enterprises shall not exceed 20% of total assets of venture capital enterprises;

(b) should be in the Statute, entrust management Agreement and other legal documents, clear the management of operating costs or management consultancy fees of the management consultancy, set up a management cost restraint mechanism;

(iii) Good credit and the principal promoter of a legal or natural person with venture capital or related business experience;

(iv) The registered capital of a VC enterprise is not less than 100 million yuan or equivalent foreign currency. The initial contribution shall be paid before the registration of the enterprise, and the proportion of paid-in capital of the enterprise shall not be less than 20% of the registered capital, and the remainder shall be paid out within 5 years from the date of issuance of the business license. For venture capital enterprises invested by foreign investors, the initial contribution shall not be less than 15% of the amount of their pledged contributions, and shall be paid within 3 months from the date of issuance of the enterprise's business license, and the remainder shall be paid in full within 3 years from the date of issuance of the business license. The paid-in capital of a start-up investment enterprise must be verified and issued by a statutory verification institution;

(v) The actual investment has been completed, that is, investment funds are in place;

(vi) The filing of the Municipal Development and Reform Commission (Municipal finance Office);

(vii) No previous subsidy has been received.

Seventh the venture capital Management enterprise which applies for the support of this method shall meet the following conditions:

(a) A good credit and with venture capital or related business experience of legal persons or natural persons as the main initiator, have the necessary venture capital business management personnel;

(b) The registered capital is not less than 10 million yuan or equal amount of foreign currency. The initial contribution shall be paid before the enterprise applies for registration, and the proportion of paid-in capital shall not be less than 20% of the registered capital, and the remainder shall be paid in full within 2 years from the date of issuance of the enterprise's business license. In the venture capital Management enterprise invested by foreign investors, the initial contribution shall not be less than 15% of the amount of the respective contributions, and shall be paid within 3 months from the date of issuance of the business license of the enterprise, and the remainder shall be paid in full within 3 years from the date of issuance of the business license. The paid-in capital of a venture investment management enterprise must be verified and issued by a statutory verification institution;

(iii) The filing of the Municipal Development and Reform Commission (Municipal finance Office);

(iv) prior to receiving the relevant subsidy.

The newly established or newly relocated Haidian District and the business registration and tax registration in Haidian District venture capital Enterprises, the formal start-up investment business and completion of the first investment business, can apply for a one-time grant.

Registered capital of 100 million yuan (inclusive), 500 million RMB and the first business investment in industrial and commercial registration and tax registration in the Haidian District enterprises, the subsidy of 500,000 yuan, the registered capital of 500 million yuan (including) above and the first business investment in industrial and commercial registration and tax registration in the Haidian District Enterprises, Subsidy of 800,000 yuan. The first business investment in outside the Haidian district, can be in accordance with the above subsidy standard 70% of the amount of one-time funding, apply for subsidies and investment in industrial and commercial registration and tax registration in the Haidian District enterprises, can be in accordance with the above grant standard 30% of the amount of the application.

Ninth new or new moved to Haidian District and business registration and tax registration in Haidian District venture capital Enterprises and Headquarters-type venture capital Management enterprises, rental office housing for venture business, can enjoy three years rent price subsidy. First year subsidy 50%, second year subsidy 30%, third year subsidy 20%. Among them: For the venture capital Enterprise, 500 million RMB (including), the subsidy area is not more than 500 square meters, the registered capital 500 million yuan below, 100 million yuan (including) above, the subsidy area does not exceed 300 square meters. For the venture capital Management Enterprises, the 50 million RMB (including), the subsidy area is not more than 400 square meters, the registered capital 50 million yuan below, 10 million yuan (including) above, the subsidy area not more than 200 square meters.

Tenth since the date of the issuance of these measures, venture capital institutions invested in industrial and commercial registration and tax registration in the Haidian District enterprises and invested enterprises in the domestic and foreign successful listing, venture capital institutions can obtain a one-time sex funds to reward RMB 500,000 yuan.

11th The venture capital institution applying for policy support for these measures shall submit the following materials:

(i) a written application for assistance (to be committed to complying with the relevant provisions of these measures);

(ii) Approval of documents or filing by the institution;

(iii) Legal person code certificate;

(iv) Business license and state and land Tax registration certificate;

(e) Proof of capital verification issued by a statutory capital verification institution;

(vi) Articles of association or other major documents for investment and management, including but not limited to: project evaluation criteria, introduction of investment decision-making procedures and description of incentive and restraint mechanisms;

(vii) Introduction materials for the main investment managers of the enterprise, including but not limited to: three or above (including three) of the main management personnel background, investment records;

(eight) if the venture capital investment Institution invests in shares, it shall issue a capital transfer agreement and a resolution of the shareholders ' meeting;

(ix) Leasing of office accommodation contracts;

(10) Payment invoices;

(11) A written undertaking not to move the business registration and tax registration formalities out of the Haidian district within 5 years, if the refund of the total subsidy to the district government funds;

(12) The copy of the above material is stamped with the official seal, two copies;

(13) The venture capital institution applying for the relevant subsidy will apply the materials to the Beijing Zhongguancun Haidian Financial Innovation Chamber of Commerce and the Venture Investment association to be accepted by the end of July each year. After the two departments in the first instance to meet the conditions of subsidy, the District Development and Reform Commission and the District Finance Bureau jointly review.

12th article eighth and Nineth of these measures apply to the venture capital enterprises and venture capital Management enterprises registered or moved into Haidian District after January 1, 2007.

13th the implementation of these measures in the case of the State or Beijing promulgated a new policy, the implementation of the new policy, the previous policy has been promulgated inconsistent with these measures, whichever is the case. In the implementation of these measures in the event of the same time enjoy preferential policy provisions, you can favorably but not repeat the preferential policies.

14th The measures shall be implemented from the date of promulgation.