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Policy Support

The Wujiang district government is committed to offering a cordial, secure and profitable environment for investors and providing businesses with high-quality, efficient and convenient services. It has promulgated the revised “Opinions on the Implementation of Industrial Policies to Foster High-Quality Development in Wujiang District of Suzhou”, which provides investors and enterprises in Wujiang with policy-based supports as follows:

1. Intelligent designing: Each newly designated national, provincial or municipal enterprise technology center (industrial design center) will be eligible to receive a one-time reward of 1,000,000, 300,000 or 50,000 yuan. Each newly recognized national or provincial innovation center will get a one-time reward of 5 or 3 million yuan.

2. Intelligent production: The system integrators offering smart manufacturing solutions locally will be entitled to a reward equal to 10% of the contract value of the intelligent renovation project (investment of not less than 2 million yuan), up to a maximum of 1 million yuan. Each newly recognized national or provincial demonstration smart factory will be up for a one-time reward of 2 or 1 million yuan; each new national, provincial or municipal demonstration intelligent workshop 1 million, 300,000 or 100,000 yuan; each new national intelligent manufacturing pilot demonstration project 500,000 yuan. The enterprises approved as Suzhou municipal smart manufacturing technology service providers each will get a one-time reward of 100,000 yuan.

3. Intelligent equipment: The smart equipment manufacturing enterprises will get a one-time reward of 500,000 or 200,000 yuan for the first (set of) major technical equipment or key components identified by the provincial authorities. Those whose annual invoice sales exceed 50, 100, 500, 1,000, 3,000, 5,000, or 10,000 million yuan for the first time will receive a one-time reward of 100,000, 200,000, 1,000,000, 2,000,000, 3,000,000, 4,000,000 or 5,000,000 yuan respectively.

4. Technological innovation: Each of the newly approved national, provincial or municipal enterprise R&D institutions (including national and provincial engineering research centers or engineering laboratories) is granted a one-time reward of 1 million, 300,000 or 50,000 yuan. Each of the new landmark enterprises, gazelle enterprises, and innovative leading enterprises that have a long-term and stable cooperation with famous research institutions to develop high-quality enterprise R&D institutions is offered a maximum reward of 2 million yuan. Each newly recognized national or provincial technology business incubator is up for a one-time reward of 1 million or 500,000 yuan. Enterprises are encouraged to build professional incubators in key development areas and incubation projects whose annual invoice sales exceeding 10, 50 or 100 million yuan for the first time will be awarded 100,000, 500,000 or 1,000,000 yuan respectively (the accumulated amount not exceeding 1 million yuan).

5. The “Specialized, Refined, Unique and Innovative” enterprises, those making contributions to the development of the credit system, the green economy or the silk cultural industry, and those adopting an innovation-driven strategy or starting their overseas business will be given different levels of reward or subsidy.

6. The commercial and trade circulation enterprises in the productive service industry which win awards or honorary titles, participate in exhibitions, or promote the inheritance of the silk culture may receive a reward of not more than 500,000 yuan. Enterprises making contributions to the development of such industries as e-commerce, culture, tourism and elderly care will be given different rewards accordingly.

7. Commercial real estate companies, software and Internet companies, financial companies, service industry clusters, modern logistics businesses, and human resources service industrial parks in the productive service industry can receive different levels of reward according to their honors and contributions.

8. Headquarters economy: Enterprises of the headquarters economy settled in Wujiang, according to their actual contribution to the district’s development, will be given a certain proportion of reward for 6 years, with an annual maximum reward of 10 million yuan. Enterprises in the productive service industry and the life service industry can receive different levels of reward according to their honors and contributions.

9. Modern agriculture: Great efforts are made to promote agricultural industrialization and ecologicalization and related enterprises can receive different levels of compensation or subsidy according to their scales and types.

10. Capital operation of enterprises: In order to accelerate the development of multi-level capital markets, enterprises preparing for stockmarket listings and registering with the Financial Office of the District Government can enjoy a series of preferential and incentive policies which are provided to actively encourage small and medium-sized enterprises to do bond financing.

11. Venture capital institutions: All types of venture capital (fund) enterprises and management enterprises are encouraged to settle in Wujiang and will receive a reward as much as 1-3‰ of the paid-in capital according to their paid-in capital scales. The reward is not more than 8 million yuan maximum and it will be paid in 5 equal annual payments over 5 years since the year of settlement. Those registering with the district, provincial or national development and reform commissions can get a reward of 0.1‰, 0.5‰ or 1‰ of the paid-in capital accordingly, up to a maximum of 500,000 yuan.

12. In addition, all towns in Wujiang give enterprises targeted incentives to fully support their development.


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