Preferential Policies Concerning Development of Jewelry Industry in Diamond Island by Jiangmen Municipal People’s Government

(For Trial )
(May 20, 2004)

   For the purpose of promoting the development of the jewelry industry in Diamond Island and upgrading industrial structure in Jiangmen, all the enterprises investing in jewelry projects in Diamond Island in Chaolian, Jiangmen shall be granted the following preferential treatment:

1. Preferential policies stipulated in Certain Opinions on Acceleration of Private Economy Development by Jiangmen Committee of Chinese Communist Party and Jiangmen Municipal People’ Government (Jiangfa [2003]No. 7).

2. Preferential policies applicable in Jiangmen High-tech. Development Zone.

3. Preferential treatment enjoyed by high-tech enterprises of municipal level (tax preference is executed according to relevant rules). Jewelry enterprises enjoy the priority of applying for the funds established by the municipal government, such as Supporting Funds for Industrial Development, Supporting Funds for Private Investment Items and the Three Kinds of Funds for Science and Technology.

4. Projects with a large sum of investment shall further enjoy the preferential treatment of “zero charges” and “free land” as follows:
1) Enterprises with total investment over USD 3 million (including USD 3 million) in two years will be exempted from charges and administrative fees imposed by relevant municipal government departments incurred during construction.

2) Land price for any enterprise with total investment over USD 5 million (including USD 5 million)  in two years and invest over USD200 thousand into every Mu (I Mu=667 square meters) shall be as low as RMB 50 yuan per square meter subject to limited land area.

3) Enterprises with total investment over USD 10 million (including USD 10 million) in two years will not only be exempted from charges and administrative fees imposed by relevant municipal governmental departments incurred during construction, but also can get 667 square meters of construction land free of charge on basis of every  USD 400,000 of the total investment. Upon the operation of the project, the enterprise shall be given the land use certificate for the free construction land of which the areas will be calculated according to the total investment amount. The enterprise shall also be exempted from tolls on highways and bridges for 3 years. The investors shall enjoy the honor of Honorary Citizen of Jiangmen.

5. Economy and Trade Bureau of Jiangmen and Pengjiang District People’s Government shall be responsible for the ratifications of jewelry projects.

6. The above preferential policies come into effect on trial basis as of this date of promulgation.

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