Shijingshan district issued the "2+N" policy system in June 2020, which boosted enterprises' confidence in the Zhongguancun Shijingshan Science Park during the pandemic and received wide attention. Under the new policy, the district will support enterprises in the park in the following ways:

I. Enhance profitability

The district has reduced corporate costs and enhanced businesses' profitability to offset the impact of the pandemic. Small, medium and micro enterprises will receive rent support and financing. Also, some rewards will be given to such companies based on their economic contributions to Shijingshan district. For newly settled SMEs this year, the district will offer full benefits for entering the park.

II. Talent introduction

More efforts will be put into attracting and retaining talents. The park will strengthen the region through talented professionals and form a "1+1+N" policy system. In the newly launched "Jingxian Plan," a special fund of 50 million yuan for talents will be set up. Meanwhile, corporate executives and scientific and technological talents making outstanding contributions in Beijing can enjoy a tax talent reward of 15 percent.

Talent cultivation, talent apartments, children’s education and other service mechanisms for talented individuals will be established or improved. “Jingxian Cards” will also be issued to recognize high-level talents from home and abroad, with which they can enjoy a series of convenient government services and supportive measures for innovation and entrepreneurship. 

III. Resource support for cutting-edge industries

Shijingshan district will clarify the land access standards for industrial projects, and companies that apply for land must meet the standards of cutting-edge industries in the district.

That is, the annual income of such companies should not be less than 600 million yuan ($92.58 million) per 10,000 square meters of factory space, or their yearly financial contributions to the district should not be less than 1.2 million yuan per 10,000 square meters.

The district will also implement "flexible land supply" and other industrial land supply methods for these companies.

Shijingshan will also apply full life cycle management to industrial land use and utilize enterprise investment projects' commitment system to realize the complete life cycle management of cutting-edge industrial land projects – from admission, supervision and assessment to the project's exit.

IV. Promote the high-quality development of the building economy

Shijingshan district will improve the space carrying capacity of buildings and provide differentiated support up to 5 million yuan for the reutilization of old factories, renovation and upgrading of inefficient idle space and new incremental space.

Support the development of high-efficiency and characteristic buildings, and put forward reward clauses for high-yield and high-growth distinctive buildings and unified management buildings. For instance, those who achieve substantial economic output growth through independent introduction will receive a maximum of 10 million yuan as a reward.

The district aims to promote the centralized operation and investment promotion of buildings. It will reward buildings managed through mergers and acquisitions, leasing and other methods with a maximum reward of 2 million yuan.

Shijingshan also will support various professional investment platforms and intermediaries to help building investment. Intermediary agencies that introduce eligible enterprises will receive 5 percent of their district-level contributions for three consecutive years.

V. Optimize the financial credit business environment

The expansion of the modern financial industry will be taken as the main starting point. The district will expand corporate financing channels and reduce corporate financing costs, providing strong regional economic development support.

Shijingshan will accelerate the construction of the Beijing Banking and Insurance Industrial Park, and set up a special fund of 800 million yuan to support modern financial industry agglomeration, innovation and talent team building.

Stimulating financial supply capabilities and encouraging angel investment, venture capital and equity investment institutions to invest in enterprises in the district will be a priority. The district will also guide financial institutions to provide financial services to local enterprises through interest discounts, compensation and other methods.

Shijingshan will support enterprises' direct financing and encourage local companies to be listed on the main domestic board, ChiNext board, small and medium board, science and technology innovation board, new third board and significant overseas exchanges. 

Among them, successful domestic A-share listings can receive up to 9 million yuan in urban two-level subsidies, which is among the highest in Beijing.

VI. Strengthen support for key projects

The district will form key support directions around application scenarios, new infrastructure and cultural industries.

Application scenarios: 50 million yuan in special funds are arranged every year to support scenarios such as smart cities, 5G demonstrations, smart equipment, smart government affairs, smart communities, smart medical systems and smart education. The maximum reward is 2 million yuan, which provides funding for transformation space for new technologies and products.

New infrastructure: 30 million yuan will be allocated each year to support new infrastructure projects in 5G, industrial internet, big data, artificial intelligence and other fields, with a maximum reward of 5 million yuan. The goal is to create new and advantageous development strategies for the future.

Cultural industry: two 30 million yuan funds will be set up to support companies in developing new cultural resources, cultivating brands, expanding markets, "going out" and other leading and exemplary projects, with a maximum reward of 2 million yuan.

VII. Monitor the support of scientific and technological innovation

The district will monitor the support available for the entire innovation chain, from enterprise research and development to the transformation and application of scientific and technological achievements.

The support R&D investment subsidies, major R&D platform construction, patent standard output rewards, subsidies for product launches and grants for patent industrialization projects, among others, will be improved comprehensively.

Shijingshan will pay close attention to promoting the development of the science and technology service industry and establish a service performance-oriented reward system to attract innovative service institutions in the fields of science and technology finance, innovation and entrepreneurship and science and technology innovation R&D.

It will strengthen corporate service motivation and form a comprehensive and multi-level science and technology innovation service system to create a sound environment for innovation.