May. 31, 2022
Resource: HKSG GROUP
This round of epidemic has had a huge impact on Shanghai's economic and social development. As the situation improved, on the afternoon of May 29, Shanghai held a press conference to introduce the latest "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization" related information.
The Action Plan includes eight aspects and 50 policy measures. The main contents can be roughly divided into "four major sections".
l The first sector is mainly to fully assist enterprises in bailouts.
l The second sector is mainly about resumption of work and production and resumption of the market.
l The third sector is mainly to stabilize foreign trade and foreign trade and promote consumption and investment.
l The fourth sector is mainly to strengthen support and guarantee.
These policies and measures will be implemented from June 1, 2022, and will be valid until December 31, 2022 (if the specific measures have a clear implementation period, their provisions shall prevail). The "21" policy issued by the municipal government on March 28 to fight the epidemic and help enterprises continues to be effective. If the state has relevant regulations, such regulations shall prevail.
1. Resumption of work and production and resumption of the market sector
The resumption of work and production and the resumption of business and the market are issues of great concern to all kinds of enterprises at present.
In response to the blocking points of resumption of work and production, classified guidance is proposed, dynamic revision of the epidemic prevention and control guidelines for resumption of work and production and resumption of the market, and cancellation of unreasonable restrictions on the resumption of work and production and resumption of the market (the whitelist system for resumption of work and production will be cancelled from June 1st). ), expand the scope of corporate epidemic prevention and sterilization subsidies, establish a mutual guarantee mechanism for the supply chain of the Yangtze River Delta industrial chain, and smooth domestic and international logistics and transportation channels.
Smooth domestic and international logistics and transportation
Accelerate the promotion of the use of nationally recognized and mutually recognized passes, improve the operation efficiency of inter-provincial transportation transfer stations, promote contactless logistics methods, and improve the efficiency of freight transportation.
Strictly implement anti-epidemic production guarantee measures at ports and airports, optimize delivery methods and port quarantine procedures, and ensure the orderly operation of industrial chain supply chains and shipping logistics.
Accelerate the implementation of the freight support policies issued by the state. From May 1, 2022 to the end of the year, the income from eligible express delivery services will be exempted from value-added tax, and the re-loan funds will be used to support the financing of transportation, logistics and warehousing industries.
2. Stabilize foreign trade and foreign trade, promote consumption and investment
Focusing on stabilizing foreign investment and foreign trade, promoting the accelerated recovery of consumption, and giving play to the key role of investment, a series of vigorous policy measures have been put forward to comprehensively enhance the endogenous power of the economy.
In terms of stabilizing foreign trade, we will increase support for export tax rebates and export credit insurance, encourage port and shipping companies to reduce or exempt cargo storage fees and demurrage fees, and help foreign trade companies fulfill their contracts.
Effectively help foreign trade enterprises to bail out
Accelerate the implementation of the foreign trade support policies promulgated by the state, and allow processing trade enterprises to transfer in and deduct the input value-added tax that has been transferred out in the previous period after the state implements the same policy of tax rebate rate for export products.
For the export business for which the enterprise declares tax refund, if the export credit insurance indemnity is obtained due to the inability to collect foreign exchange, the export credit insurance indemnity shall be regarded as the collection of foreign exchange, and the export tax refund shall be processed.
Encourage port enterprises to reduce or exempt cargo storage fees within a specific period, encourage shipping companies to reduce or exempt demurrage fees within a specific period, and advocate port and shipping related enterprises to reduce or exempt foreign trade import and export related logistics operation costs.
Strengthen policy financial support for foreign trade enterprises. Increase the support for export credit insurance, expand the coverage of small, medium and micro enterprises, optimize the conditions for underwriting and claim settlement, open an online loss reporting and claim channel in Shanghai's "single window", and establish a mechanism for deferred payment of premiums and a mechanism for quick claims first. Pay quickly.
For small and medium-sized enterprises that meet the conditions of specialization, specialization, and innovation, on the basis of the original export credit insurance rate, a periodic fee reduction of not less than 10% will be implemented, and policy financing support will be increased.
The Shanghai Branch of the Export-Import Bank of China shall be supported to set up special credit lines for import and export business, establish a rapid review channel, actively use policy-based preferential interest rate loans or seek other preferential interest rate policies from the head office to reduce corporate financing costs.
Focus on stabilizing the expectations and confidence of foreign trade enterprises
Assist foreign trade enterprises to fulfill orders, implement customs clearance facilitation measures, adopt the mode of exempting consignees and consignors from on-site inspection, support enterprises to handle customs clearance business online, establish a green channel for the clearance of key materials for key enterprises, and improve the efficiency of customs clearance and pick-up and departure of goods.
The Municipal Council for the Promotion of International Trade will issue force majeure factual certificates related to the new crown pneumonia epidemic for eligible and needy enterprises affected by the epidemic for free.
The Shanghai International Arbitration Center and other relevant dispute resolution institutions provide legal advice and assistance for foreign trade enterprises to safeguard their rights, and reduce or exempt, refund or postpone the payment of eligible arbitration fees.
It provides convenience for foreign employees and their families stationed in Shanghai by foreign-funded enterprises, global executives and professional technicians who carry out important business activities, and important overseas customers of foreign trade enterprises to handle invitation letters and entry-exit procedures in China.
