Topic: [2017-12-26] China Local Governments To Reward Up To 6 Million CNY To Host Block (Read 117 times)

Since blockchain’s written into China’s “13th Five-Year” National Information Plan in December 2016, local governments in China one after another issued relevant supporting policies and documents for blockchain development, and joined the battle for outstanding enterprises and talents in the blockchain industry.

“Suzhou’s 9 Articles on Blockchain”: Great Incentives, Open Scenario

In the past week, Suzhou and Guangzhou Huangpu respectively issued “Suzhou’s 9 Articles on Blockchain” and “10 Articles on Blockchain”. On December 23, Administrative Committee of Suzhou High-Speed Railway New City officially issued the “Support Policies on the Development of Blockchain Industry”, which has 9 articles including support for business settling, business operating, talent introducing and platform building. Companies or institutions that undertake IPOs at home, overseas and listed on the new three board, would respectively be awarded 6 million, 2 million and 2 million CNY; key labs engaging in blockchain technology recognized by the State, province or municipality, would be awarded 5 million, 3 million and 1 million CNY respectively;

In the Article of business settling support, the newly founded blockchain enterprises or institutions would be provided venues no more than 1000 square meters, and “two-year exemption and three-year reduction” policy for rent. The rent subsidies for each enterprise per year shall be no more than 600,000 CNY.

In terms of support for business operating, blockchain enterprises (institutions) would be given lump-sum award of 100,000, 200,000, 1,000,000 and 2,000,000 CNY respectively depending on its annual incomes.

http://news.8btc.com/china-local-governments-to-reward-up-to-6-million-cny-to-host-blockchain-startups