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Measures of Xi 'an Municipality on Encouraging and Recommending Foreign Investment

article 1 these measures are formulated in order to meet the needs of opening to the outside world under the new situation, further expand the channels of attracting investment, increase the intensity of attracting investment, encourage intermediaries to introduce foreign businessmen (including enterprises and individuals from hong kong, Macao and Taiwan, the same below) to invest in this city, and promote the economic development of Xi' an. Article 2 Intermediaries mentioned in these Measures refer to domestic and foreign intermediaries, economic organizations, social organizations and individuals who have introduced foreign investors to invest in this Municipality and played a media role. Article 3 When engaging in intermediary activities to introduce foreign investment, the intermediary shall sign an agreement with the entrusting party and report it to the administrative department of foreign trade and economic cooperation of the city for confirmation. The agreement shall comply with the provisions of relevant laws and regulations of the state, mainly including the rights, obligations and liabilities for breach of contract of the intermediary. Article 4 Award criteria:

(1) After the productive projects, agricultural projects and infrastructure construction projects are verified by the accounting firm, the intermediaries will be rewarded at the rate of 1.3% of the actual amount of foreign investment (including the discounted portion of physical and industrial property rights, and the foreign exchange rate will be converted into RMB according to the foreign exchange rate on the day of investment).

(2) for unproductive projects, after verification by accounting firms, the intermediary will be rewarded at 1.2% of the actual amount of foreign investment (including the discounted portion of physical and industrial property rights, and the foreign currency exchange rate will be converted into RMB according to the foreign exchange quotation on the day of investment). Among them, the real estate, catering and entertainment projects, after being completed, opened and fixed assets are formed, will be rewarded to the intermediary according to one thousandth of the actual amount of foreign investment (including the physical discount, and the foreign currency exchange rate will be converted into RMB according to the foreign exchange quotation on the day of investment) after verification and audit by the accounting firm. Article 5 If the project recommended by the intermediary has been registered and the actual foreign capital is in place, the intermediary may apply for the bonus. When applying, you should fill in the Award Form for Introducing Foreign Investment, and provide documents and materials such as the agency agreement for introducing foreign investment and the capital verification report issued by China Certified Public Accountant. The application for awards shall be reviewed by the administrative department of foreign trade and economic cooperation and the financial department of the city, district, county or development zone, and reported to the government at the same level or the competent leader of the development zone for approval. Article 6 if the intermediary is awarded with approval, it shall be implemented according to the following provisions:

(1) 31% of the bonus paid by foreign investors in cash and in kind shall be cashed after the foreign investors actually invest in place, and all the bonus shall be cashed after the project is completed, put into operation and opened for business;

(2) The part of the bonus contributed by foreign investors with industrial property rights will be paid in one lump sum after the enterprise starts to make profits;

(3) Rewards for real estate, entertainment and catering projects will be paid in one lump sum after the projects are completed, opened and fixed assets are formed. Article 7 Where foreign investment is recommended for performing official duties, the unit or department to which the intermediary belongs shall be rewarded according to the provisions of Articles 4 and 6 of these Measures. Eighth reward intermediary funds in line with the principle of who benefits who rewards, according to the tax ownership of the project, respectively, by the city, district, county, development zone financial payment. The financial departments at all levels should include the bonus in the annual budget. Article 9 The bonuses obtained by intermediaries in accordance with these Measures shall be protected by the relevant laws and regulations of the state. The bonuses obtained by foreign intermediaries may be remitted abroad in accordance with relevant regulations. Article 11 These Measures shall come into force as of July 11, 2113. The Measures of Xi 'an Municipality for Encouraging and Recommending Foreign Investment (Trial) promulgated by the Municipal People's Government on June 5, 1999 shall be abolished at the same time.