This Action Plan is hereby formulated to thoroughly implement the spirit of the 15th Dongguan Municipal Congress of the Communist Party of China, allow full play to the key role of high-quality industrial investment promotion in fostering new growth drivers and shaping new advantages, build new pillar industries and further enhance the industrial influence, thereby empowering sustained and high-quality growth in Dongguan as the city becomes the 15th city in China to have 10 million population and one-trillion-yuan GDP.
Guided by the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will implement the new development concept, and create the new growth pattern by basing ourselves in the new stage of development. With both global and local consciousness, we will combine government guidance with market orientation, stock stabilization with increment boosting, and strengthened overall planning with efficient interconnection. We will integrate key resources (such as land space and industrial funds), focus on technology innovation and advanced manufacturing, and step up efforts to attract advanced industries and technologies. Specifically, we will ensure full coverage of leading enterprises, promote leap development of emerging industries, strengthen and revitalize enterprises through capital increase and production expansion, and accelerate the use of foreign capital. All in all, we will accelerate the building of a modern industrial system with global competitiveness, thus contributing more to high-quality growth in Dongguan from a new starting point.
In the three years from 2022, we aim to realize a contracted investment of up to 900 billion yuan and an actual investment of up to 450 billion yuan citywide. During the 14th Five-Year Period, total contracted investment in Dongguan shall surpass 1.5 trillion yuan and total actual investment shall surpass 750 billion yuan.
Full coverage of leading enterprises. In the three years, we will strive to introduce three to five mega industrial projects with an investment of over 5-10 billion yuan each, and 15 plus extra-large industrial projects with an investment of over 3-5 billion yuan each. This way, we will be able to bring leading enterprises to all our industrial parks, towns and sub-districts, serving as an important engine for high-quality growth in the city.
- Leap development of emerging industries. In the three years, investment in strategic emerging industries will grow by 15% annually to reach 200 billion yuan. During the 14th Five-Year Period, we strive to double investment in the emerging sectors, making them the new growth points for industrial development.
- New progress in capital increase and production scale. In the three years, we will promote capital increase projects to realize a total contracted investment of 180 billion yuan. We will provide local key enterprises with guarantees they deserve, and make our industrial chain and supply chain more independent and controllable.
- New breakthroughs in the use of foreign capital. In the three years, we will realize up to 27 billion yuan of foreign investment, and maintain the good momentum of stable, high-quality development of foreign capital enterprises.
III. Main Tasks
(i) To Implement the Leading Enterprise Pilot Plan
1.Attracting investment from leading enterprises worldwide. Each year, a batch of contiguous industrial parcels will be integrated to attract investment from Fortune Global 500, Fortune China 500 and top 10 enterprises of different industries. The task will be at the command of municipal leaders and mandatory for the municipal government. Specifically, major development platforms will focus on attracting industrial projects of 5-10 billion yuan or more each, while the towns and sub-districts will focus on attracting industrial projects of 3-5 billion yuan or more each. Our goal is to achieve full coverage of leading enterprises in both industry parks and towns/sub-districts. (Responsible unit: Municipal Investment Promotion Bureau, Municipal Natural Resources Bureau, industrial parks, and towns and sub-districts under the jurisdiction of Dongguan)
2. Consolidating contiguous industrial parcels in an “unconventional” way. We will devote major efforts to consolidating contiguous industrial units, with the goal of reorganizing four contiguous land parcels of 2,000 mu (about 133.33 hectares) or more each, six contiguous land parcels of 700 mu (about 46.67 hectares) or more each, as well as an array of contiguous “standard parcels” in the coming three years. For contiguous industrial lots of 300 mu (or 20 hectares) or more, investment promotion will be planned as a whole at the municipal level, and transfer by parcel is not allowed in principle. Moreover, we will set up a special financial fund for contiguous land reorganization, and put financial instruments such as investment trust fund into proper and flexible use. Municipal state-owned enterprises that acquire and store continuous industrial parcels will be granted subsidized loans, better ensuring the expansion of contiguous spaces financially. (Responsible units: Municipal Natural Resources Bureau, Municipal Investment Promotion Bureau, Municipal Financial Bureau, Municipal State-Owned Assets Supervision and Administration Commission, Dongguan Trust Co., Ltd., industrial parks, and towns and sub-districts under the jurisdiction of Dongguan)
3. Fully supporting mergers and acquisitions (M&A) by leading enterprises. We will encourage leading enterprises to carry out M&As through corporate merger, asset acquisition, share acquisition and other means. For M&A deals with a domestic or foreign unrelated company (non-direct holding) by a local leading enterprise (M&A deals with a company in the city excluded), if the surviving enterprise settles in Dongguan, subsidy will be given at 5% of the actual transaction amount up to a maximum of 20 million yuan. Advanced manufacturing M&A projects recognized with a fixed asset investment of 3 billion yuan or more will receive major support based on case-by-case discussions. (Responsible units: Municipal Investment Promotion Bureau, Municipal Bureau of Industry and Information Technology, Municipal Financial Bureau, industrial parks, and towns and sub-districts under the jurisdiction of Dongguan)
4. Fully supporting “chain master” enterprises to increase their impact. Advanced manufacturing enterprises characterized by strong resource integration capability, high market share, pivotal role in the industrial chain, and annual output of no less than 3 billion yuan will be recognized as a “chain master” enterprise, and will receive major support on a “one company one policy” basis. We will encourage the transfer of relatively large areas of contiguous land to “chain master” enterprises, allowing them to transfer (sell) certain proportion of their right to use self-owned construction land and the structures thereon by basic unit such as building and floor. When a “chain master” enterprise participates in the “construction, reconstruction or expansion of industrial building on the M1 industrial land”, the ratio of “industrial land being converted to commercial/residential land” can be increased (from the proportion stipulated by the existing policy) as appropriate based on case-by-case discussions. (Responsible units: Municipal Bureau of Industry and Information Technology, Municipal Natural Resources Bureau, and Municipal Investment Promotion Bureau)
5. Increasing support for leading projects. For identified advanced manufacturing projects and headquarters projects with a fixed-asset investment of 3 billion yuan or more, we will offer the strongest support in terms of local economic contribution award, loan subsidy, and equipment subsidy based on case-by-case discussions. (Responsible units: Municipal Bureau of Industry and Information Technology, Municipal Natural Resources Bureau, Municipal Investment Promotion Bureau, Municipal Financial Bureau, Municipal Science and Technology Bureau, industrial parks, and towns and sub-districts under the jurisdiction of Dongguan)
