Article 13 Make full play of resources of associated intermediaries, improve mechanism on pre-listing identification, and encourage associated intermediaries to refer potential companies for listing cultivation. Associated intermediaries will be entitled to RMB 2 million for each successful referral listed with Chinese or international capital markets; RMB 500,000 for each qualified referral listed with the base layer of the new third board; RMB 800,000 for each referral listed with innovative layer of the new third board; and RMB 1.5 million for each referral listed with the selective layer of the new third board. For companies under listing cultivation that become listed with the new third board and meet corresponding criteria within one year of onboarding, and referred companies listed with the base layer of new third board that meet corresponding criteria within one year of onboarding, and referred companies under listing cultivation that become listed with A-share or overseas well-known capital markets, associated intermediaries will also be entitled to incentives under this Article, under the pre-condition that relevant information has been informed by the associated intermediaries upon referral and such companies have been included into the listing cultivation repository.
For companies under listing cultivation referred by associated intermediaries that conform to Shunyi District's high-end, precision and advanced industry development direction, in the scope of "3+4+1" leading industries, and have made RMB 5 million and above local economy contribution in a complete financial year after public listing and onboarding with Shunyi District, associated intermediaries will be entitled to 10% funding support of the local economy contribution by referred companies. However, funding support for each referred project shall not exceed RMB 3 million.
Article 14 Concentrate on development of "Beijing Headquarter Base for Listed Companies". Listed companies that newly onboarded with the District will be entitled to funding support of 50% annual rent for the year of relocation, where they have actual needs to rent office space in Shunyi District. This funding support shall not exceed RMB 500,000.
Article 15 Companies and associated intermediaries that apply for funding support shall file applications and submit relevant materials within 1 year after they become qualified.
Chapter IV. Financing Development Support
Article 16 Capitalize on financing function of the capital markets, and support expansion of listed companies and private placements in secondary markets. For private placement under RMB 100 million, funding support of 1% private placement but not exceeding RMB 500,000 will apply. For private placement exceeding RMB 100 million, funding support of RMB 1 million in lump sum will apply.
Companies should file applications with the Finance Office within one year of private placement completion.
Article 17 Support capital operations of listed companies and M&A activities. For M&A deals that are transacted at a price of RMB 10 million and more, funding support will be granted in proportion to the transaction price. For domestic M&A, the funding support is 1% of transaction price, and each project should receive no more than RMB 500,000 in total on annual basis. For overseas M&A, the funding support is 2% of transaction price, and each project should receive no more than RMB 600,000 in total on annual basis. For domestic M&A targets in Shunyi District, the funding support is 2% of transaction price, and each project should receive no more than RMB 800,000 in total on annual basis. Each company should receive no more than RMB 1 million funding support on annual basis.
Companies should file applications with Finance Office within one year of M&A completion.
Chapter V. Optimize Business Environment for Listing
Article 18 Improve listing service environment. The Shunyi District Leadership Group for Financial Services will coordinate functional functions and territorial governments to ensure comprehensive, professional and timely listing services.
Company secretary joint-meeting mechanism will be further improved to help address issues faced by companies in the course of listing.
Board chairmen discussion mechanism will be set up to enhance discussions between the government and companies and cross-functional collaboration for better administrative support on company listing.
Enhance executive visits. Leadership of the District Government will regularly visit key listed companies in the District, and host meetings about company listing and industrial upgrading, in order to further drive economic growth in Shunyi District.
Establish a listing business service platform. Organize capital market training, business roadshow, and other professional activities.
Article 19 Enhance professional services offering. Jointly with relevant authorities, securities exchanges, industrial associations and securities firms, offer services such as capital market training, financial consultancy services, listed company operational management, and industry-finance resource connection.
Article 20 Construct sustainable industry development ecology. Focus on industrial function layout and strategic development positioning of Shunyi District, and encourage listed companies to roll out and expand business in the District. Make play of the role of listed companies as market subjects; facilitate business coordination, financing coordination, industry chain expansion, upper stream and lower stream integration; and attract, derive and cluster high-quality industrial companies in order to create a mutually-beneficial, win-win industrial development ecology.
Article 21 Encourage sustained healthy development of listed companies. Listed companies that are exited or delisted from market by relevant authorities due to fraudulent conducts in the process of listing shall return the funding support in full. Listed companies that are exited or delisted from market (excluding transfer) within one year of receiving relevant funding support shall return the funding support in full.
Chapter VI. Supplementary Provisions
Article 22 These measures become effective as of August 1, 2021 and shall be valid for a period of three years. Notice by Shunyi District People’s Government on Issuing Measures to Support Public Listing in Shunyi District (Shun Zheng Fa [2019] 19) shall be repealed at the same time.
