The Zhengzhou Airport Economy Zone Management Committee announced on August 19th the implementation of measures to support financial institution clustering and financial services for the real economy within the comprehensive experimental zone.
Under the new framework, companies in the Airport Economy Zone that secure foreign or domestic currency funding through overseas loans will receive rewards of up to 1% of their actual financing amount, with annual rewards capped at 1 million yuan per enterprise.
For companies successfully raising capital through overseas bond issuance, rewards will be provided at a rate of 2‰ of the financing amount, with maximum annual rewards of 2 million yuan per enterprise.
The zone is also promoting green finance business development. Green bonds will receive interest subsidies during their tenure, with subsidy rates set at 10% of the cumulative actual interest payments annually. Individual bond subsidy periods are limited to a maximum of three years.
Each enterprise's annual bond market financing interest subsidies are capped at 2 million yuan, calculated on a natural year basis. Bond classifications will be determined based on announcements from exchanges or dealer associations.