At the end of 2016, the operation mileage of the expressway throughout the province is 6,519 km, with 320,000 km of highway mileage in total. Eighteen expressways leading out of Sichuan have been completed Chengdu marks the terminal of the Shanghai-Chengdu Freeway and Xiamen-Chengdu Freeway, and the start of Chengdu-Kunming-Bangkok Freeway. Chengdu-Yibin-Kunming Freeway and Chengdu-Panzhihua-Kunming Freeway lead out to land destinations,while Chengdu-Guiyang-Nanning-Beihai Freeway, Chengdu-Shanghai Freeway and Chengdu-Xiamen Freeway lead out to the sea.
Being the 5th largest railway hub in China, Chengdu has the largest railway container terminal in Asia. At the end of 2016, the operation mileage of the railway throughout the province is 4,523km, and 9 railways leading out of Sichuan, such as Baoji-Chengdu Railway, Chengdu-Chongqing Railway, Chengdu-Kunming Railway, Neijiang-Kunming Railway, Dazhou-Chengdu Railway,Xiangyang-Chongqing Railway and Suining-Chongqing Railway, have been completed A total of 12 bulk cargo direct trains and 8 parcel express trains are available now, ranking lst in western China And the "5 designated freight trains" on the Chengdu-Shanghai Railway can make a one way travel within 60 hours.The Chengdu-Europe Express Train open to traffic in 2013 is the railway freight direct train with the highest time efficiency, the most stable traveling frequency and the most competitiveness in China, with the central line extending from Chengdu to Lodz in Poland,Nuremberg in Germany, and Tilburg in Netherlands, the southern line extending to Central Asia and Turkey, and the northern line to Russia. The railway between Chengdu and Lodz in Poland is 9,826 km long, and the traveling time therebetween is shortened to 10 days. The cargoes arriving at Lodz from Chengdu can reach any city on the continent of Europe within 3 days. The time required is one third of the traditional sea-railway shipping; and the cost required is only one quarter of that of air transportation.
Now there are 176 navigable rivers with a total inland waterway mileage of 12,000 km. Luzhou Port, Yibin Port, Chengdu Port (Leshan Port), , Nanchong Port and Guangan Port have been provided with actual handling capacity. The handling capacity of port is more than 100,000,000 tons, and annual container handling capacity of inland port is 2,330,000 TEUs Luzhou Port is a part of the Luzhou Southern Sichuan Port-neighboring Section of China (Sichuan) Pilot Free Trade Zone, and is the only one of 28 ports of inland rivers designated by the Ministry of Communications that is located in Sichuan and a national Class lI port for water transport The International Container Terminal at Luzhou Port boasts six 30 million-ton vertical berths and the container yard of 400,000 m2 with the operation functions of roll-roll shipment of containers, heavy cargoes, break-bulk cargoes, bulk cargoes, liquid chemicals and commercial automobiles, with a yearly handling capacity of l million standard containers. In 2016, the container handling capacity was 500,000 TEUs.Yibin Port is one of the 6 pivotal ports along Yangtze River in State Planning. The planned cargo handling capacity is 5 million TEUs. The lst-stage project has got a work capacity of 500,000 TEUs. The public bonded warehouse and export distribution
supervision warehouse have been put into service In 2016, the container handling capacity was up t0 200,000 TEUs, and the yearly cargo throughput was up t0 5,920,000 tons, an increase of 50%.
Sichuan is a province that has the largest number of financing institutions established in Western China, complete in variety, presenting high degree of economic openness. There are a total of 235 banks and financial institutions, of which there are 16 foreign-funded banks, rank first in western China. There are 460 securities and futures business institutions, ranking first in western China quantitatively, and 87 insurance companies, 4,995 insurance branches and agenaes, 326 professional insurance intermediary agencies and 10,117 part-time agenaes, ranking fourth in China quantitatively.
Chengdu Customs District People's Republic of China has been included in the customs clearance integration throughout China's Yangtze River Economic Zone. The enterprises may, as per their business needs, choose one from the 12 custom houses within the Zone for clearance, declaration and cargo inspection. For all ports, the "information exchange, mutual recognition of supervision and mutual assistance in law enforcement" is implemented. For Chengdu Customs District, their average operation time ranks top among the industry on a national scale.
Inspection & quarantine:
Sichuan has built regional cooperation mechanism with over 10 main ports of import and export goods, such as Tianjin, Shenzhen, Zhejiang, Ningbo, and Shanghai, and inspection & quarantine institutions in Chongqing, Yunnan,Guizhou, and Guangxi. The polices such as e-declaration, e-inspection and e-release, transferred and local inspection for import custom clearance and origin inspection and direct clearance for export clearance, have been employed. The custom clearance shall be available 24/7 in ports and special supervision areas.
Chengdu High Tech- General Bonded Zone combines a multitude of functions including bonded processing, bonded logistics, port operation, comprehensive services, etc. They are currently speaal areas of custom inspection with the most comprehensive functions and the best policies. A clearance model of "all day long customs clearance" and "integration of acceptance of documents, printing of taxes & duties invoices, and release of documents" , and a mode of "direction customs clearance with airport customs" are implemented for enterprises within these zones.The average time for the clearance procedure at customs is only about O.l hour and ranking top nationwide. Mianyang
Export Processing Zone ranks 3rd among the export processing zones in Central and West based on general evaluation.
Sichuan is one of the provinces nationwide with fewest items for governmental approval. All approval items are concentrated in the various levels of governmental service centers for collective and one-stop approval. During "the 12th Five-Year Plan" , all non-licensing approvals are canceled with the full implementation of "integrate the business license, the organization code certificate, and the certificate of taxation registration into one document" . The number of provincial approved investment projects decreases by 60%, and that of reserved government fixed projects by 85%,with 109 kinds of service charge of normal operation canceled.
As of February 2017, there has been 18 national level development zones and 45 provincial level ones in Sichuan, of which there are 8 national high-tech zones, 8 national economic development zones, 1 comprehensive bonded zone and l is export processing zone.
Chengdu Hi-Tech Industrial Development Zone
(including chengdu Hi-Tech Comprehesive Bonded Zone)
Rank 3" among 146 national hi-tech industrial development zones It is the one of the first batch of 6 pilot world-class industrial development zones designated by the Ministry of Science and Technology, the first national self-dependent innovation demonstration zone in western China, one of the first batch of national copyright demonstration zones and national demonstration zones for hi-tech industrial standardization in China, and the first national intellectual property demonstration park in western China. It is also the core area of Sichuan Free Trade Zone, and has a comprehensive bonded zone inside. At present, there are l,100 foreign-funded enterprises, of which 115 enterprises are invested by the Fortune Global 500, such as Intel Corporation, Motorola Inc., Maersk Line, IBM Group, Dell Computer, SIEMENS and PHILIPS. In 2016, the total industrial output value reached CNY 388 billion.
The southern part of the Zone prioritizes the modern service industry and places emphasis on the productive service industries represented by the financial industry and business service industry to develop into a new international modern district suitable for both business and living. The western part of the Zone prioritizes the advanced manufacturing industry and places emphasis on the strategic emerging industries focusing on the new-generation information technology, biology, high-end equipment manufacturing and energy conservation & environmental protection to develop into a high-end industry base of world influence. Chengdu Tianfu International Biopolis focuses on the development of biological medicine, biomedical engineering, biological services, and wisdom and health care service to develop into a world-class metropolis of bioindustry innovation and smart manufacturing. Tianfu Airport New City focuses on the development of aviation-related basic industries, such as aviation industry and ecological industry, as well as aviation-related strategical emerging industries, such as information technology, creative digital,
transbordering medicine, biological manufacturing, energy conservation and environmental protection, and new materials, to develop into a world leader in hub-model econom .
Chengdu Economic and Technological Development Zone
It is the new industrialization demonstration base of national automobile industry and national Eco-industry demonstration park, and accommodates Tianfu New Area - Longquan High-end Manufacturing Industry Zone, National China-France Ecological Park of Chengdu, and China-Germany Automobile and Intelligence Manufacturing Park Project Cooperation Demonstration Zone. It has introduced successively 11 leading complete vehicle manufacturing projects, including Volkswagen, Toyota, and Volvo, and more than 300 key auto parts manufacturing projects, gathers 67 0f the world's top 500 companies including Germany-based BOSCH and the US-based Delphi, and established a platform with the yearly capacity of l.4 million complete vehicles. The full auto industry chain, automobile industry and complete vehicle manufacturing industry have obtained the revenue of CNY 100 billion successively within three years,entering the "second matrix" of the auto industry in China. In 2016, the total industrial output value stood at CNY 103.92 billion. an increase of 4%
Mianyang Hi-Tech Industrial Development Zone
It accommodates around one thousand industrial enterprises, and the industrial development structure composed of three major industries of electronic information, automobile and new materials and three emerging industries of intelligence manufacturing, E-commerce and biological medicine has taken shape. It is one of the 25 pilot parks for science and technology service system construction nationwide and one of the three key industrial parks with operation revenue up to CNY 200 billion to be cultivated in Sichuan, and accommodates national-level business incubation service center, incubator for bio-pharmaceutical enterprises, new material industrialization base, and digital video and audio industry park, national enterprise (engineering) technology center, postdoctoral centers, and returned overseas student startup park.It had customs and inspection and quarantine institutions, Class lI railway ports, public bonded warehouses, container transit shed, and the only export processing zone in the prefecture-level city in western China. In 2016, the total industrial output value above designated size stood at CNY 109.2 billion.
Mianyang Economic and Technological Development Zone
It accommodates 3,000 enterprises of various kinds, and focuses on four major industries of electronic and information, chemical and environmental protection, food and medicine, and machinery manufacturing, with the industrial concentration of 82.6%. In 2016, the total industrial output value above designated size stood at CNY 64.34 billion, and the total imports and exports reached USD 635 million
Suining Economic and Technological Development Zone
A total of 160 industrial enterprises above designated size have set up their establishments in the Zone, and the major industries of electronic information, machinery and equipment manufacturing, bio-pharmaceuticals, and food and beverage have taken shape, especially the three clusters of microelectronics, new light sources, and circuit boards and relatively complete industry chain in the electronic sector have taken shape.
The zone is the Core Demonstration Zone of Sichuan-Chongqing Cooperation, Energy-chemical Industry Base of northeast Sichuan, Fine Chemical Industry Base of Salt and Gas and New Industrialization Industry Demonstration Base. It covers "one district and three parks, and the Xinqiao Industrial Park focuses on the cultivation of 4 high-end growing industries including fine chemical engineering and new materials The Port-neighboring Logistic Park focuses on the development of 5 major industries including modernn commercial logistics, electronic information, and intelligence manufacturing. The Binjiang New District strives to establish 4 pioneering industrial clusters, including E-commerce and headquarters economy.
Leshan Hi-Tech Industrial
It is the national base for silicon material development and by-products utilization industrialization Now, more than 500 enterprises have settled in the zone, of which more than 110 are industrial enterprises, and 21 national high-tech enterprises have established "3+1" leading industries consisting of new energy equipment,electronic information, bio-pharmaceutical and modern service industry. In 2016, the operation revenue of core area reaches CNY 10.079 billion. It is planned after adjustment to cultivate the headquarters of local enterprises, to introduce the headquarters of large enterprises and groups, the regional headquarters of research institutes, functional headquarters, the headquarters of hi-tech industries, and to develop actively the headquarters of modern services, such as R&D, incubation, marketing, software and IT.
Deyang Economic & Technological
It focuses on the major industries of equipment manufacturing, energy equipment, and new energy, and is one of the first batch of "National New Industrialization (Equipment Manufacturing) Demonstration Bases" granted by the MIIT and also the industrial park granted the title of "International Model City of Clean Technology and New Energy Equipment Manufacturing" by the UN. It accommodates China National Erzhong Group Co., EC, Dongfang Electric, Dongfang Boiler and other world-known enterprises, turning out over 60% of nuclear power products in China, over 50% of large steel rolling equipment, 40% of hydro generator units, over 30% of thermal power generator units, and 16% of wind power generator units The largest 80,OOOt-drop press in the world is manufactured here. Currently, it accommodates
more than 2,000 enterprises, of which there are 124 above designated size. In 2016, the main business income reaches CNY 61.9 billion, with total industrial output value of CNY 47 06 billion.
Deyang Hi-tech Industrial Development Zone
It is the national new industrialization (oil & gas mining equipment) industry demonstration base and the regional pilot organization of national science & technology service industry, where the three major industries of oil and gas equipment manufacturing, natural generic drug manufacturing, and civilian aviation have taken shape. In 2016, there are 245 industrial enterprises above designated size, with the total industrial output value of CNY 80 7 billion
Guangyuan Economic &
Technological Development Zone
Neijiang Economic and
Technological Development Zone
It is the auto (motorcycle) parts manufacturing base and the electronic information industry supporting base of Chengdu- Chongqing Economic Zone, where the "3+1" industry clusters of machinery and auto parts, electronic information and bio-pharmaceutical as the leading industries and modern service as the auxiliary industry have been established. In 2016, the total industrial output value above designated size stood at CNY 22 171 billion, an increase of 9 3%.
Luzhou Hi-tech Industrial Park
It is one of the three national hi-tech industrial development zones at the upstream of the Yangtze River Economic Belt,one of the second batch of regional pilot parks for science & technology service industry approved by the Ministry of Science and Technology of the People's Republic of China, the national high-tech industrialization base for high-performance hydraulic parts, one of nine national engineering machinery production bases, the national manufacturing center for large and medium full hydraulic truck crane & excavator, and special industrial base for advanced engineering machinery and key parts. It focuses on high-end equipment manufacturing, modern medicine, intelligent terminal, big data, intelligent grid, and new energy and material industries, and accommodates 481 enterprises for the time being. In 2016, the main business revenue stood at CNY 58.7 billion.
Titanium Hi-tech Industrial Development Zone
It is only national hi-tech zone in the metal material sector and a national professional demonstration base for foreign trade transformation, where the three pillar industries of vanadium titanium, special machinery manufacturing, and vanadium titanium supporting business take shape and the technical innovation system integrating enterprises,universities and research institutes with the enterprises as principal part and the market as orientation is established. In 2016, the total industrial output value of the enterprises above designated size in the Zone stood at CNY 37.591 billion,an increase of 14.47% (excluding Pangang, Panzhihua Coal and Steel Enterprises).
Neijiang Hi-tech Industrial Park
It was approved as a national hi-tech industrial development zone by the State Council in February 2017. It is built in the pattern of "one park and three districts", namely Baima District, Gaoqiao District, and Longchang District. The Baima District focuses on the development of electronic information, biopharmacy, energy conservation and environmental protection, and modern logistics (including warehousing). The Gaoqiao District accommodates mainly E-commerce organizations, scientific research institutions, enterprise headquarters, and higher learning institutions The Longchang District focuses on the development of machinery and automobile parts, food and drug, etc.
Before Dec. 31, 2020, Companies with the industries specified in Catalogue of Encouraged Industries in the Western Region as main business and with its main business revenue of current year exceeds 70% of its total income enjoys a 15% cut in company income tax rate.
Tariff is exempted for domestic and foreign companies engaged in state-encouraged industries or superior industries importing machinery/equipment for self-use that are within the total budget of investment Base price of land for foreign projects encouraged by the state government could be set at 70% minimum of the National Lowest Price Standard for Transfer of Industrial Land per the grades of land the project is located at Proper use of unutilized land is encouraged. Transfer price of unutilized industrial land could be set at the minimum price standard, in the range of 10%-50% of the National Lowest Price Standard for Transfer of Industrial Land
It is also encouraged to obtain land through short-term transfer, or lease.
For the provincial level major projects actively promoted in Sichuan Province, the annual land utilization is subject to 70% approved by the provincial authority concerned and 30% approved by the local authority. For the key projects in Sichuan Province, the annual land utilization is subject t0 30% approved by the provincial authority concerned and 70% approved by the local authority. For the projects in accordance with conditions, the policies of direct power purchase transaction and natural gas direct supply shall be implemented.
For the key newly-introduced projects and key innovation projects meeting the industrial planning and environmental protection requirements, municipal (state) and county (municipal, regional) governments will provide special fund and offer support to technical transformation, technological innovation, talent introduction and training through subsidy, interest allowance and stock participation. The government and platform companies may build the customized plants for enterprises, and enterprises may rent before purchasing.
Policies of then provincial authority to support the development of chengdu tianfu new area in sichuan province
From 2014 t0 2020, Sichuan Provincial Bureau of Finance will grant subsidy for the industrial transfer to Tianfu New Area
The energy service company implementing the approved energy performance contracting projects and transferring thedutiable goods subject to the value-added tax thereunder to the energy-consuming enterprises will be exempt from thevalue-added tax temporarily.
For the venture capital firm making an equity investment in the unlisted small & medium-sized hi-tech enterprises for more than 2 years, 70% of the amount of investment could be used to offset the taxable amount of income in the same year when the equity is held for two full years. Any portion that is not utilized in that year may be carried forward anddeducted in the following tax years.
The enterprises are supported to seek financing by listing on the stock market at home and abroad The one-off grants will be given to the enterprises which are approved as candidates for listing According to related national provisions, in regard to the price of water, gas and power for the high-end services, such
as the modern logistics, corporate headquarters, finance, R&D, design and intellectual property, the industrial standard should prevail. In regard to the high-end electronic information industry, the price of power for the large-scale industry could be followed.
The annual plan for the land utilization in Tianfu New Area will be subject to separate management. The industrial land transfer is subject to a flexible term. For the projects in compliance with the catalogue for industries issued by the
Ministry of Land and Resources of the People's Republic of China, the "transfer before lease" could be employed. For the approved provincial expert service base, post-doctoral scientific research station and post-doctoral innovation practice base, the funds for construction of the professional talents group in Sichuan Province will be given on a one-off basis. For the post-doctoral research personnel admitted to the station, a fixed portion of such funds will be offered annually. For the projects included in the "Tianfu High-end Talent Inviting Program", the special funds will be offered to the overseas high-level talents invited
Policies to support the development of mianyang science and technology city
6 policies approved by the State Council for the development of Zhongguan Village
The public institutions under the Central Government are entitled to disposing the scientific and technological achievements worth less than CNY 8 million. And the proceeds concerned will be possessed by the said institutions and central financial institutions. For those worth less than CNY 8 million, 100% of the proceeds will be processed by the said institutions. For those worth more than CNY 8 million and less than CNY 50 million, 90% of the proceeds will be possessed by the said institutions. For those worth more than CNY 50 million, 100% of the proceeds will be submitted to central financial institutions.
When the sum of the stock incentive and the right offering is no more than 35% of the added value of the net assets generated from the after-tax profits in the recent three years, the portion of the sum taken as the stock incentive could be up t0 50%; 30% of the net proceeds of the investment projects in the same year could be taken as the dividends;and 20%-50% of the net proceeds from the transfer of the scientific and technological achievements could be taken as the one-off incentive. When the scientific and technological achievements of enterprises are evaluated to buy shares from other enterprises, 5%-30% could be taken from the return on investment on an annual basis as the incentive within 3-5 years from the year of distribution of profit. For the academies and scientific research institutions with their
scientific and technological achievements evaluated to buy the shares of enterprises, 20%-30% of the said evaluation could be offered as the stock incentive to relevant personnel.
For the hi-tech enterprises engaged in the stipulated R&D activities, the "five social insurances and one housing fund" paid by the enterprises in favor of the R&D personnel and the operation & maintenance costs for the instrument and equipment for the R&D activities could be included in the R&D expenses to which the Jia-Ji Deduction policy applies.15% of the actual amount should be subject to pre-tax deduction when the corporate income tax is paid The pre-tax deduction of the education fund for employees in the hi-tech enterprises increases from 2.5% t0 8%.
For the national major scientific and technological projects and the new scientific research projects approved, the indirect expenses compensation, appropriation of the scientific research funds in sections, post-project subsidy and improvement in the decision-making power concerning the application of the funds, etc. will be implemented. The unlisted share transfer (the "New Three-Board Listing") could be implemented to provide the unlisted growth hi- tech enterprises with the share transfer and fund raising service.
4 policies approved by the State Council to be implemented beforehand
For the stock incentive offered to the technical personnel and management personnel, the individual income tax couldbe paid within 5 years in installment.
For the venture capital firm of limited partnership making an investment in the unlisted small & medium-sized hi-tech enterprises for more than 2 years, the preferential policies for the corporate income tax are provided.
For the transfer of the non-exclusive license of more than 5 years, the income tax deduction and exemption will be offered in accordance with the transfer of technology.
For the capital stock transferred from the small & medium-sized hi-tech enterprises to the individual shareholders, the individual income tax is allowed to be paid within 5 years in installment.
Supportive policies of the provincial authority
The annual plan for the land utilization in the Science and Technology City will be subject to separate management.For the science and technology planning projects implemented in the Science and Technology City, the indirect expenses compensation mechanism is adopted. For the scientific research projects, the post-project subsidy is put to test.
From 2013 t0 2017, Sichuan Provincial Bureau of Finance will offer CNY 50 million on an annual basis to set up the Funds for the Development of Scientific and Technological Talents in Mianyang City.In the Science and Technology City, the farmland use tax and the urban land use tax will be determined by Mianyang
Authority in accordance with applicable provisions
For the service inventions of the colleges, universities, scientific research institutions and state-owned enterprises and institutions transferred and traded in the Science and Technology City, 60%-95% of the proceeds should be granted to the scientific and technical personnel as well as their teams engaged in the R&D work. When the service scientific and technological achievements are transformed into the individual incentives by means of the stock or as per the ratio of investments, the individual income tax will not be collected temporarily For the enterprises established in the Science and Technology City by the career-creating talents in the science and technology field, their intellectual property rights and other intangible assets could be converted into the technical stock in the proportion of 50%-70%.
The People's Government of Mianyang City is authorized to review and approve the establishment of the quasi-financial institutions (e g. the small loan company) in Mianyang Science and Technology City. Support is given to the
scientific and technological enterprises in the Science and Technology City to issue the private placement of small and medium-sized enterprises and issue the debt financing tools on the inter-bank market. The venture capital funds are established.
plicies for the pilot area for the innovative
development of strategic resources in
The provincial financial institution sets the fund for the pilot area for the innovative development of strategic resources in Panzhihua-Xichang Region.
While arranging the funds for the financial development, Sichuan Provincial Bureau of Finance will give an incentive to the financing institutions qualified for the rewards and subsidies.
For the construction projects meeting the national industrial policies, the priority will be given to the guarantee and supply of land in terms of the land planning and annual plan for land utilization. The increase and decrease matters in the pilot area will be prioritized. The mode of land use for mining will be reformed.
For the unutilized state-owned land beyond the urban construction land determined in accordance with the overall plan for land utilization and the land for the industrial project of which the preliminary development is completed by the land users, a price no less than 15% of the Standard for the Minimum Land Transfer Price of the Industrial Land in China applicable to the land grade in the place where the project is located should be adopted For that within the urban construction land, a price no less than 50% of the Standard for the Minimum Land Transfer Price of the Industrial Land in China applicable to the land grade in the place where the project is located should be adopted.
Support is given to the exploration and development of the mineral resources in the pilot area. More provincial geological prospecting funds are offered for the venture exploration in the pilot area. The competent private enterprises are encouraged to carry out the venture prospecting and merging & reorganization of the established exploration right and mining right in the pilot area. For the exploration and development projects of strategic resources in the pilot area,the review and approval of the exploration right and mining right is prioritized pursuant to the law.
The small and medium-sized hydropower in the pilot area is encouraged to connect to the local power grid for local consumption. In the pilot area, the power consumers and the power generation enterprises carry on transactions directly. And power is retained in Liangshan Yi Autonomous Prefecture and Ya'an City.
For the encouraged industrial investment projects to be approved by the provincial authority for records, the competent department of the municipal (prefectural) government in charge of the investment will be responsible for the approval and records.