Notice on Issuing the Several Measures to Promote the Development of Climate Investment and Financing in Guangzhou Nansha New Area

Normative Document No.8 [2023] of the Office of the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality

Notice on Issuing the Several Measures to Promote the Development of Climate Investment and Financing in Guangzhou Nansha New Area

All towns (subdistricts), departments of and agencies directly under Nansha Economic and Technological Development Zone (Nansha District),

The Several Measures to Promote the Development of Climate Investment and Financing in Guangzhou Nansha New Area has been approved by the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality and Nansha District People's Government and is hereby issued to you for your compliance and implementation. Problems encountered in the implementation shall be directly reported to Financial Affairs Bureau of Nansha Development Zone of Guangzhou Municipality.

Office of the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality

Office of Nansha District People's Government of Guangzhou Municipality

September 28, 2023

Several Measures to Promote the Development of Climate Investment and Financing in Guangzhou Nansha New Area

These Measures are formulated to propel the innovation of Nansha's pilot climate investment and financing system, guide and attract domestic and foreign funds to the fields of addressing climate change, further unleash potential, expand the market and achieve results and experience in piloting climate investment and financing nationwide.

Article 1 Support for the agglomeration of climate investment and financing agencies

For the enterprises that newly settle in Nansha and are engaged in climate investment and financing, a settlement reward of maximum twelve million yuan for each enterprise will be granted according to their contribution to Nansha's economic development. For the franchised agencies, business centers, functional headquarters or branches that are newly established in or newly moved to Nansha as approved by regulatory authorities and are engaged in climate investment and financing, a one-time reward of maximum three million yuan will be granted.

Article 2 Support for projects to be included in Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database

1. Enterprises are encouraged to entrust a third-party agency for such matters as certification and evaluation of climate investment and financing projects. Those projects identified as green projects and included in Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database will be granted a 100% subsidy according to the actual certified costs, maximum 100,000 yuan per certified project and maximum 1 million yuan per enterprise per year.

2. For financial institutions in Nansha that have been included in Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database, the operating loans for climate investment and financing granted by them to micro, small and medium-sized enterprises (MSMEs) and self-employed individuals in Nansha will be included in the management of Compensation Capital Pool against Credit Risk in Nansha and risk compensation will be provided.

Article 3 Support for developing climate loans

1. For banking and financial institutions whose balance of loans to address climate change has increased by more than 50 million yuan in the previous year, a cumulative reward of maximum two million yuan each year will be granted, of which 20% will be granted to the core talent team.

2. For loans that are included in the Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database, a subsidy of 50% of the actual interest paid in the current year will be granted to the applicant (not higher than the current loan prime rate (LPR) in the loan market), maximum one million yuan per enterprise per year for no more than three years.

Article 4 Support for issuing environmental, social and governance (ESG) bonds

For enterprises that are included in the Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database and issue ESG bonds, an interest subsidy of 10% of the actual interest paid during the bond duration will be granted to bond issuers, maximum three years for the same bond business and maximum two million yuan per enterprise per year.

Article 5 Support for establishing climate funds

For equity investment funds that are registered in Nansha and invested in projects that are included in the Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database, if a single fund invests in a local climate investment and financing project in Nansha that is included in the database for two years or more, a reward of one million yuan will be granted for each 16 million yuan or equivalent foreign currency in the cumulative investment amount, maximum 10 million yuan for a single fund management agency cumulatively.

Article 6 Support for buying climate insurance

For enterprises that are included in the Guangdong-Hong Kong-Macao Greater Bay Area Climate Investment and Financing Project Database and buy climate insurance such as pledge loan guarantee insurance for carbon emission quota, a subsidy of 30% of the premium will be granted, maximum 300,000 yuan per enterprise per year.

Article 7 Support for developing innovative platforms

For climate investment and financing innovative platforms that meet relevant standard as recognized by competent authorities and achieve project matchmaking, data sharing and application, climate scientific and technological innovation, and the transfer and commercialization of climate research outcomes, a one-time reward of three million yuan per platform will be granted according to the coverage of such platforms and the scale of their projects.

Article 8 Support for criteria formulation

A reward of maximum 200,000 yuan will be granted to the organizations whose established standard for climate investment and financing in the Guangdong-Hong Kong-Macao Greater Bay Area have been recognized by Guangdong Administration for Market Regulation and have been released.

Article 9 Support for product innovation

To encourage the innovation and promotion of climate investment and financing products, competent authorities shall select innovative climate investment and financing products each year and grant a reward of maximum 500,000 yuan to advanced organizations that devote themselves to innovation and have gained a certain promotion and application scale.

Article 10 Support for skill improvement

For financial professionals who have obtained certificates related to climate investment and financing, signed labor contracts with organizations engaged in climate investment and financing in Nansha and worked full time for one consecutive year, a one-time reward of maximum 5,000 yuan (including 5,000 yuan) per person will be granted according to the level of the certificates. Each person can only be rewarded once.

Supplementary provisions

1. If the same project meets the provisions for the subsidy or reward specified in these Measures and other supporting policies of Nansha, the highest subsidy or reward shall prevail and shall be granted only once, unless otherwise stipulated. Enterprises can enjoy the same type of policy support of Guangzhou Municipality and Nansha District at the same time, but the part that municipal policies require Nansha to bear shall be deducted when the enterprises apply for support to Nansha. Enterprises that enjoy preferential policy support according to the "one enterprise, one policy" principle shall not enjoy similar policy support specified in these Measures.

2. The enterprise to which these Measures apply and its principal persons in charge shall have no violations of laws and regulations, no administrative penalties or other bad credit records. If an enterprise that applies for any subsidy or reward specified in these Measures and its principal responsible persons are determined by a relevant department such as the public security organ or the administrative law enforcement department to constitute a crime or are investigated for criminal responsibility through effective legal documents, the enterprise shall not be rewarded. If an enterprise and its principal responsible persons against which a relevant department such as the public security organ or the judicial organ builds a case, the reward shall be suspended. If an enterprise is found to have violated national laws or regulations, the departments issuing the subsidy or reward shall recover the subsidy or reward that has been issued and relevant interest, publicize its misconduct and circulate it among relevant departments in Nansha for criticism. In addition, its application for any reward will not be accepted within three years.

3. Recipients of the subsidy or reward specified in these Measures shall sign a letter of commitment. If they fail to honor the commitment, they shall return all the funds they have received. Enterprises that illegally obtain policy funds shall be handed over to the judicial authorities in accordance with the law.

4. All the currency mentioned in these Measures is CNY. The words describing numerical values including "maximum", "more than", "up to", "over" and "higher than" in these Measures include the base values.

5. These Measures shall enter into force from the date of issuance and shall be valid until December 31, 2025. Where there is any change or adjustment to relevant laws, regulations, or policies within the validity term of these Measures, such change or adjustment shall prevail.

6. These Measures shall be interpreted by Financial Affairs Bureau of Nansha Development Zone of Guangzhou Municipality.

Form of Disclosure: Active Disclosure

Issued by the Secretariat of the Office of the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou Municipality on September 28, 2023