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What policies do Hangzhou have to encourage enterprises to save intensive land?
Our policies to encourage enterprises to save intensive land use include:

(1) If new industrial land is built within the original land use scope, and the construction area (or floor area ratio) is increased through alteration, expansion, demolition and reconstruction without changing the use, the land transfer fee will not be paid for the increased construction area;

(two) the use of existing underground space to engage in business activities or transfer, after the approval of the development and reform, planning, construction, civil air defense, fire protection, traffic police and other departments, in accordance with the preferential policies of the municipal government to implement paid use;

(three) the standard factory building and the standard factory building using the existing land, as well as the infrastructure supporting fees payable for the renovation and expansion of the factory building, shall be reduced or exempted by the project approval documents. For all or part of the rented standard factory buildings, the existing land and factory buildings are used for renovation, expansion and new standard factory buildings, and the non-productive land is changed to the standard factory buildings that are rebuilt, expanded and new after productive land use, and a one-time compensation award is made according to the actual area put into use, of which the three-story standard factory building is awarded to 60 yuan per square meter; 70 yuan will be awarded per square meter for standard workshops with four floors and above. In order to promote investment and attract enterprises to settle in, the construction owners should give part of the incentive funds to the settled enterprises. Real estate rental income obtained by enterprises renting standard factories may be reduced or exempted from property tax after being reported to the tax authorities for examination and approval according to the tax management authority.