Interpretation of the Policy on Promoting High-Quality Development of Six Major Industries in Shengsi County

On February 17, 2025, the People's Government of Shengsi County, Zhejiang Province, issued the "Notice on Several Policies to Promote the High-Quality Development of Six Major Industries in Shengsi County" (hereinafter referred to as the "Policy"). The Policy aims to thoroughly implement the spirit of higher-level documents, promote the high-quality economic development of Shengsi County, focus on six major industries, and accelerate the implementation of a batch of leading, iconic, and exemplary major projects. Below is a detailed interpretation of the Policy.

I. Background and Purpose of the Policy

To respond to the requirements of building a unified national market and strengthen macro coordination of industrial development, the People's Government of Shengsi County formulated this Policy. Its purpose is to further stimulate the vitality of market entities, enhance the endogenous driving force for high-quality development, and promote high-quality economic development by focusing on six major industries: ports, culture and tourism, fisheries and agriculture, industry and trade, new energy, and ecology.

II. Supported Fields and Scope

The Policy explicitly supports six major fields, specifically including:

1. Port Sector: Focused support for modern maritime service projects such as port services, shipping services, and new-type fuel refueling.
2. Culture and Tourism Sector: Focused support for modern marine tourism projects such as medical and wellness services, high-end vacations, marine sports, and "three cruises" (yachts, sailboats, and cruise ships) clubs.
3. Fisheries and Agriculture Sector: Focused support for modern fisheries and agricultural projects such as large-scale deep-water cage farming, intelligent aquaculture vessels, industrialized aquaculture, ecological facility agriculture, and breeding and seedling cultivation.
4. Industry and Trade Sector: Focused support for advanced manufacturing projects such as deep processing of aquatic products, marine biopharmaceuticals, new energy equipment, and high-end ships and marine engineering equipment.
5. New Energy Sector: Focused support for green energy projects such as deep-sea wind power, floating PV, wave energy, tidal energy, and green hydrogen-ammonia-methanol production.
6. Ecology Sector: Focused support for ecological industry projects such as resource recycling, energy conservation and environmental protection, and comprehensive quarry development.

III. Categories and Content of Support

The Policy establishes five categories and sixteen support measures, with specific content as follows:

1. Support for Major Project Implementation

   • For projects in key supported fields with fixed asset investments exceeding 100 million yuan, financial support of 3%–5% of the construction and installation investment included in statistics will be provided, up to a maximum of 10 million yuan.
   • To reduce corporate financing costs, financing support will be provided in principle, with the annual loan interest subsidy ratio for a single project not exceeding 70% of the current LPR, and the financial support amount not exceeding 500,000 yuan.
   • To promote industrial transformation and upgrading, projects involving the purchase of production line equipment, large-scale equipment, new-type ships, and the adoption of new technologies, processes, and materials for upgrades will receive financial support of 10%–20% of the purchase cost, with a maximum of 5 million yuan per project.
   • To encourage early project commencement and production, a one-time reward of 500,000 yuan will be given to projects that start or commence production ahead of schedule.
   • To leverage the effect of business-driven investment attraction, projects introduced through individual or corporate equity participation will be rewarded 500,000 to 1 million yuan based on the amount included in statistics.

2. Support for Breakthroughs in Key Core Technologies and Products

   • Support will be provided for key core technology R&D projects, with financial support of 10% of the annual R&D investment, up to a maximum of 1 million yuan.
   • Projects recognized as the first (set, batch) of equipment at the international, domestic, or provincial level will be rewarded 500,000 yuan, 300,000 yuan, and 100,000 yuan, respectively.
   • Units newly approved as provincial-level new-type R&D institutions or provincial key laboratories (engineering technology centers) will receive a reward of 500,000 yuan; units recognized as provincial-level or above original (high-quality) seed farms will receive a reward of 300,000 yuan.

3. Support for High-Level Utilization of Foreign Investment

   • For advanced manufacturing projects with actual foreign investment of $5 million or more, a reward of 1.5% of the actual foreign investment amount will be provided, up to a maximum of 1 million yuan; for general projects with actual foreign investment of $5 million or more, a reward of 7.5‰ of the actual foreign investment amount will be provided, up to a maximum of 500,000 yuan.

4. Support for Industrial Trade Settlement Implementation

   • For those engaged in trade settlement business, rewards will be provided in principle based on indicators such as output value and revenue, with specific proportions determined by each district.

5. Provision of Project Element Support

   • Project approval services will be provided, with dedicated teams offering specialized services for business establishment, project approval, and operational licensing.
   • Support will be provided for construction indicators, transportation, and other guarantees.
   • Preferential support will be given to labor force introduction during the operational phase of key field projects, with county-level talent recognition conditions appropriately relaxed based on actual circumstances.

IV. Applicable Entities and Validity Period of the Policy

This Policy applies to market entities such as enterprises, natural persons, individual businesses, social organizations, and farmers' professional cooperatives within the county. The Policy will take effect 60 days after its issuance and will remain valid for three years.

V. Conclusion

The issuance of the "Several Policies to Promote the High-Quality Development of Six Major Industries in Shengsi County" marks a solid step forward in Shengsi County's efforts to promote high-quality economic development. By focusing on six major industries and implementing measures such as supporting major project implementation, breakthroughs in key core technologies and products, high-level utilization of foreign investment, industrial trade settlement implementation, and project element support, the Policy injects new vitality into Shengsi County's economic and social development. Over the next three years, with the in-depth implementation of the Policy, Shengsi County is expected to achieve high-quality development in six major industries, laying a solid foundation for the county's sustained and healthy economic and social development.