(1) Overview:

① For new projects with an annual actually received foreign fund of $50 million or more, capital increase projects with that fund of $30 million or more, and the projects with that fund of $10 million or more undertaken by multinational corporation headquarters or regional headquarters, the reward will be 2% of the annual actually received foreign fund of that year, with a maximum reward of 100 million yuan.

② For new projects with an annual actually received foreign fund of less than $50 million, additional projects with that fund of less than $30 million, and the projects with that fund of less than $10 million undertaken by multinational corporation headquarters or regional headquarters, the reward will be 1% of the annual actually received foreign fund of that year.

③ Enterprises registered in Qingdao are supported in listing and financing overseas. A lump-sum subsidy of 5 million yuan will be given to the enterprises that are listed and raising funds in overseas stock exchanges and whose funds of $10 million or more have been transferred back.

④ Foreign-funded enterprises are encouraged to reinvest their profits. Overseas investors who invest directly in related projects with distributed profits in Qingdao and whose annual actual foreign fund exceeds $5 million will be rewarded with 2% of the actual amount of the year, with a maximum reward of 100 million yuan.

⑤ The new (additional) manufacturing projects with an annual actual foreign fund exceeding $100 million overtaken by Fortune Global 500 enterprises (based on the selection directories of Fortune over the past 3 years) and global industry leaders and new advanced manufacturing projects related to new-generation information technology, smart equipment, biomedicine, new energy, and new materials with an annual actual foreign fund of not less than $30 million will be mainly supported in accordance with the "one project, one discussion" approach.

(2) Service Object: foreign-funded enterprises (excluding real estate and financial projects) with an independent legal personality and in line with industrial policy orientations that are operated according to the law and have completed business filing (examination and approval), industrial and commercial registration, and tax registration in Qingdao.

(3) Implementation Procedures

① The applicant submits application materials to the business (investment promotion) department of the district (county-level city) where the applicant is located;

② The district (county-level city) department of commerce (investment promotion), after verification together with relevant departments, issues opinions and submits the materials to Qingdao Municipal Bureau of Commerce;

③ Qingdao Municipal Bureau of Commerce invites a third-party professional organization to independently review the application materials and issues review opinions;

④ The list of awardees is published;

⑤ Rewards are allocated according to relevant regulations.

(4) Term of Validity: September 21, 2018–December 31, 2022

(5) Policy Implementation (Interpretation) Authority: Foreign Investment Division of Qingdao Municipal Bureau of Commerce (Tel: 0532-85918110)

(6) Document: Notice on Issuing the "Plan for Further Carrying Out Investment Promotion and Talent Introduction in Qingdao (2019-2022)" (QTZ [2019] No.73) issued by General Office of CPC Qingdao Municipal Committee and Qingdao Municipal People's Government