Chengdu Announces 20 New Policies to Foster Growth in Cross-Border E-Commerce
In order to further optimize the development climate for the cross-border e-commerce industry in Chengdu and propel the accelerated growth of the cross-border e-commerce industry, the Chengdu Municipal Commission of Commerce and the Chengdu Municipal Bureau of Finance formulated the Chengdu Cross-border E-commerce Capital Support Policies (hereinafter referred to as Policies), which were stamped for approval, printed and enacted by the Chengdu Municipal Government. In effect for a span of three years, and projects available for support should take place between July 1, 2018 and December 31, 2020.
This round of capital support campaign put forth 20 capital support policies pertaining to six areas, namely the recruitment and introduction of main entities engaged in cross-border e-commerce, assistance for the cultivation of main entities engaged in cross-border e-commerce, assistance for transformation and upgrade in traditional foreign trade firms, assistance for clustered development of the cross-border e-commerce industry, assistance for the establishment of cross-border e-commerce service system, and assistance for establishment of basic functions for cross-border e-commerce.
With regards to the recruitment and introduction of main entities engaged in cross-border e-commerce, and cultivation of main entities engaged in cross-border e-commerce, the Policies proposed active measures to introduce well-known cross-border e-commerce platforms, comprehensive supply chains and third-party service provider enterprises with high market share and from both home and abroad. If an aforementioned enterprise establishes or relocates its headquarters or functional regional centers to Chengdu, after verification a five million-yuan one-time establishment award may be given. Furthermore, cross-border third-party payment companies with Payment Business Permit issued by the People's Bank of China that establish national or regional function centers in Chengdu and that carry out cross-border e-commerce payment businesses, the operating main entity may be granted a three million-yuan one-time funding support.
In terms of optimizing the industry, the Policies stipulated the provision of aid to facilitate traditional foreign trade firms with import and export business qualifications to carry out cross-border e-commerce. For those that surpass the ten million-yuan mark in import and export as per stats on the Chengdu cross-border e-commerce public service platform for the first time, a one-off reward of RMB200,000 may be given. For a cross-border e-commerce company with its own independently-owned brand, or an innovative enterprise that realizes network-based customized sales through cross-border e-commerce methods, those that exceed the ten million-yuan mark in export for the first time may be granted a one-off reward of RMB 300,000. At the same time, support will be provided to medium-, small- and micro-sized main business entities to apply for import and export business qualifications and to register with the Chengdu cross-border e-commerce public service platform. In addition, assistance will also be offered to cross-border e-commerce firms to employ international search engines to drive their overseas sales, in the form of a 50% subsidy for fees in corporate utilization of international search engines, with a single enterprise eligible for no more than one million yuan in support funding.