Flexible Mortgage Flexible Mortgage

Flexiblemorgage L Flexible Mortgage Szh Soft 5658 Flexible Mortgage THE FOREIGN AFFAIRS OFFICE OF THE PEOPLE'S

Flexiblemorgage L Flexible Mortgage Szh Soft 5658 Flexible Mortgage

5658 .P Flexible e Szh e 5658 esearcht 5658 asearch 5658 osearchii Mortgage ssearcho Flexible searcha Soft e Szh Szh nsearch Flexiblemorgage h Soft r Flexible e searchh Flexiblemorgage u Soft dsearchb Soft searchdp Szh esearchr Soft h Szh 5 Soft Mor Mortgage g Mortgage gsearch Flexiblemorgage Mortgage essearcha Flexible chisearcheasearchch Soft sa Flexible chsearch searchl Flexiblemorgage xsearchbsearchemosearchgg Soft rs Mortgage arcsearchaes Mortgage ar Mortgage h Flexiblemorgage Mortgage z Mortgage sesearchr Soft he 5658 Mo Soft tgag Soft e Szh Morsearchgsearchgsearch rs Soft ar Flexiblemorgage hh Flexiblemorgage o Mortgage o 5658 tgag Szh Flexible sesearchrch 5658 sear Mortgage hi Fesearchil Flexible morg Flexible gsearch lsearch56search8 Szh sear 5658 hsearch 56 Mortgage 8 5658 t Flsearchxbsearche Flexiblemorgage s Flexible asearchclsearchx Soft b Flexible Ssearchf Szh emo 658 F Szh exiblemsearchr Flexiblemorgage ag Flexiblemorgage ge S 5658 h Soft t Sf S Mortgage sar Flexible h Soft S Soft of Mortgage t deesearchomsearchn searchf Soft nsearchn Mortgage st 5658 tsearch-searchw Mortgage esearch Szh c Mortgage n Flexible m Mortgage .
(7) Implementing preferential policies on taxes
The threshold of value-added tax on self-employed business and other individuals shall be elevated: for sales of goods, the original monthly sales of 2,000 Yuan is hence raised to 5,000 Yuan; for labor service, the original monthly sales of 800 Yuan as the taxable amount is hence raised to 3,000 Yuan; for tax payment upon times, the original one time 80 Yuan as the taxable amount is hence raised to 200 Yuan. Business income tax on newly-established enterprises, key and leading agri-business enterprises and NSOEs formed through mergers or purchase of state-owned or collective businesses shall be exempted in the first 3 years after the business is established. And between the year of the end of tax exemption and the year 2010, the rate of business income tax shall be reduced to 15%. For enterprises whose capital comes from other provinces, if 51% of their registration capital originates from other provinces, or if the investment amount from other provinces exceeds 5 million Yuan, they may enjoy the preferential policies as granted by Yunnan Province for foreign investors. For organizations that provide guarantee services to NSOEs whose service charge is 50% lower than the current corresponding interest rate of bank loans and whose incomes from guarantee service exceed 50% of its gross income, their business income tax shall be exempted in the first 3 years since its operation and between the year of the end of tax exemption and the year 2010, the rate of business income tax shall be reduced to 15%. All expenditures on research and development of new products, new technologies and techniques shall be deducted before the imposition of income tax. Donations by NSOEs given to non-profit organizations or government institutions for usage in education, civil affairs, poverty alleviation, charity, disaster relief, the "Hope Project" and "Bright Project" shall be deducted before the imposition of income tax.
(8) Implementing preferential policies on charges and fees
NSOEs may enjoy the same preferential policies on charges and fees as granted for state-owned or collective businesses. For those merging with or purchasing state-owned or collective businesses, they may enjoy the provincial preferential policies on charges that are introduced to deepen the reform of state-owned businesses. In the event that NSOEs need to obtain land-use right by means of compensation as assignment, except for commercial purposes, the compensation may be charged at 20% of the appraised value of the land. If the compensation can be paid within 60 days, the enterprise may have a discount of 30%. If the compensation is paid in installments, the enterprise may pay 25% within 60 days and pay the rest within 5 years.
For NSOEs who pay compensation to exploit un-utilized land owned by the state or the collective to develop forestry, plantation, aquaculture and their auxiliary facilities, the compensation for land-use right as assignment, contracting fee, or leasing fee in the first 5 years from the date when the contract is signed shall be returned to the enterprises. All administrative charges shall be exempted in new markets funded by any NSOE in the first year from the date of its operation. For operators starting business in newly established markets, all administrative charges shall be exempted in the first 2 years.
(9) Fully implementing all preferential policies
Taxation authorities shall seriously and fully implement all preferential policies made by the state and the province. Tax reduction and exemption applications must be processed and granted within regulated time limits if conditions for enjoying the policies are satisfied. For self-employed businesses and individual-owned enterprises that should be taxed upon ratification, the tax amount shall be ratified in accordance with the principle of justice and equality. All government departments shall strictly implement relevant preferential policies to provide quality service to enterprises and business operators.

4. Funding support should be enhanced.
(10) Supplementing special support funds
Within the following 3 years from 2003, 100 million Yuan per year shall be appropriated from the provincial revenues to boost the Special Support Fund for NSOEs (previously known as the Special Support Fund for Self-Employed and Individual-Owned Economy). Finance departments at different levels in all regions (prefectures and municipalities) and counties (county-level cities and districts) shall also arrange some special support fund year by year and list it in their budgets. The Special Support Fund shall be mainly used to build up a credit and guarantee system, to support the construction of economic zones for NSOEs and to provide loan interest discount for high-tech industrialization projects and key projects. Regulations for fund usage shall be made and strictly obeyed to ensure proper operation.
(11) Building up a credit and guarantee system
By 2004, a basic framework of credit and guarantee system for NSOEs and small and medium-size businesses shall be established in the province. The registration capital of guarantee companies shall be lowered. Guarantee companies to be registered at the province, prefecture and county level shall be required to install only a registration capital of 20 million Yuan, 10 million Yuan and 5 million Yuan respectively. In all regions (prefectures and prefecture level cities) and counties (cities and districts) which meet the necessary conditions, policy guarantee institutions or commercial guarantee companies shall be set up. All social groups, industrial associations and individuals are encouraged to invest in the establishment of diversified guarantee units at various levels.  Enterprises are encouraged to provide all sorts of mutual aid guarantee for financing purposes. Guarantee institutions formed by social groups shall be registered as juridical associations at the civil affairs authorities. All guarantee institutions shall establish a scientific risk control mechanism and compensation system. Administrative policies and regulations on ownership of land and plants and property transfer in enterprises shall be improved so as to effectively overcome the long-lasting difficulties in applying for loans and to solve the problem of incoherent policies. All mortgage and ownership registration fees involved in enterprise loan shall be charged at the lowest rate.
(12) Improving financial service
Financial institutions shall provide more loans to enterprises with salable products, high returns and good credit, develop new financing products that promote the development of NSOEs, and actively try out various projects, such as lending on guarantee of bonded warehouses, on guarantee of tax refund account, on chattel mortgage, on guarantee of account receivable and on partial mortgage, and expanding promissory note business. Qualified NSOEs are encouraged to establish investment arms. A database of credit information of NSOEs shall be set up to provide systematic and public reference, exchange and share of credit information.
(13) Expanding direct financing
NSOEs are encouraged to reorganize state-and collective-owned businesses, merge with or purchase businesses of different ownership in different regions and countries, and restructure state-and collective-owned businesses through introducing foreign capital, or financing by way of equipment and plants leasing and pawning. Qualified NSOEs are encouraged to become listed companies to raise funds. Support shall be given to enterprises that reorganize listed companies within the province, in various aspects including fees exemption or reduction, liabilities rearrangement, good assets injection and settlement of redundant employees. All competent authorities shall assist qualified NSOEs in their application for all kinds of policy and financing support, such as the State Fund with Interest Discount, State R&D Fund for Technology Projects, Special Fund for the Modernization of Traditional Chinese Herb Medicine Industry (the Yunnan Base), Innovation Fund for Medium and Small Businesses as well as loans from foreign governments and international financial organizations.

5. Land use for enterprises should be ensured.
(14) Meeting the need for land use
Land demand by NSOEs shall be integrated into local plans for land exploitation and annual use plans. Enterprises' reasonable land use demand for their establishment, rebuilding and expansion shall be satisfied. The same land use approval procedures as for state-and collective-owned businesses shall apply to NSOEs. Based on local conditions, all regions (prefectures and cities) and counties (county-level cities and districts) may create NSOEs' zone, however, low-level and redundant construction shall be avoided.
(15) Lowering cost of land use
For land-use right obtained by means of compensation as assignment, for commercial use such as real estate projects, enterprises shall obtain the land-use right through bidding, auction, or public transfer; for such use as investment projects encouraged by the state and the province, local governments may make preferential policies regarding compensation for land-use right and other charges. Land to be used for public welfare such as urban infrastructure, science and technology, education, culture and medical facilities, which are listed in the "Ministry of Land Resources: Land Allocation List" (G.T.Z.F. [2001] No.9), shall be supplied through allocation. In economic zones, all charges deriving from land-use right may be kept in the zones for their infrastructure construction within the first 5 years from the date such zones are established upon approval. In economic zones land-use cost can be lowered through compensation paid by installments or reduction or exemption of leasing fees.
(16) Simplifying the approval procedures of land use
Land administrative authorities at all levels must decide within 5 working days whether or not to process application for land and land-use right submitted by NSOEs; for those complying with the set requirements, the examination and approval procedure should be completed within 15 working days; for those that have obtained land-use right and are filing for registration, the registration and certificate grant must be completed within 30 working days.

6. The development of export-oriented enterprises with a leading technical edge should be accelerated.
(17) Promoting investment with intangible assets
When an enterprise set up by research institutes or institutes of higher learning is transformed into a non-state-owned technical entity where intellectual achievements are incorporated, apart from continuously enjoying relevant preferential policies during the interim, the new corporation may reward the individuals who own such intellectual achievements with at least a 20% share of the appraised value of the said intellectual properties, and may divide a part no higher than 15% of net assets as initial shares and award them to founding members and key management personnel of the enterprise.
(18) Encouraging technological innovation
NSOEs listed as key enterprises in the province may enjoy loan interest discount financed by the Special Support Fund when they are engaged in developing new products, technical innovation projects or high-tech industrialization projects, which comply with relevant industrial policies of the state and the province. Projects launched by NSOEs, which boast intellectual properties and good marketing prospects can be included in the projects that enjoy the support of the province's special funding such as the Provincial Scientific Development Plan Fund and Technical Renovation Loan Interest Discounts Fund.
(19) Cultivating famous brands
As of 2003, the provincial government shall confer a one-time award to NSOEs whose products are qualified as "Well-known Trademarks of China" or "Famous Brands of China", or are listed among the most famous export commodities identified by the state foreign trade authority. For those qualified as the well-known trademarks or famous brands of the province, one-time awards are to be granted to the enterprises by local governments.
(20) Developing export-oriented NSOEs
NSOEs are encouraged to establish Sino-foreign joint ventures or cooperation businesses, and to set up processing businesses' sales networks in other countries through technology transfer and direct investment or export of commodities so as to promote the province's export of products and labor.

7. Legitimate rights and interests of NSOEs should be well protected.
(21) Regulating business operation pFlexiblemorgage L Flexible Mortgage Szh Soft 5658 Flexible Mortgage THE FOREIGN AFFAIRS OFFICE OF THE PEOPLE'Si Flexible Mortgage h Investment Flexible Mortgage Flexible Mortgage pFlexiblemorgage L Flexible Mortgage Szh Soft 5658 Flexible Mortgage THE FOREIGN AFFAIRS OFFICE OF THE PEOPLE'Sx x u u Flexible Mortgage Flexible Mortgage Mortgage