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Approval Standards for Industrial Projects in Wuhan East Lake High-tech Development Zone (Tentative Implementation)

Updated: 2016-12-20 (chinaopticsvalley.com) Weibo Weixin Qzone Facebook Twitter More

The Approval Standards for Land-Supply Industrial Projects (hereafter referred to as the Standards) were recently formulated in accordance with the Opinions on Further Strengthening the Construction of Investment Promotion System (Tentative Implementation) and in the light of the actual circumstances of the high-tech zone.

Article 1 These Standards shall be applicable to all the industrial parks in the administrative area of the high-tech zone, including the Biolake, the Future City, Wuhan East Lake Free Trade Zone, Fozuling Industrial Park, Modern Service Industrial Park, Zuoling Industrial Park, Chinese Sci-Tech City and Optics Valley Central City.

Article 2 All the land-supply industrial projects in the high-tech zone should follow the entry management rules.

Article 3 The project entries shall meet the Standards and be designated in accordance with the high-tech zone’s planning of industrial development.

Article 4 The prices for industrial use lands in the high-tech zone are: no less than 320,000 yuan /mu (around $69 per square meter) within the third ring road area; no less than 260,000 yuan/mu between the third ring road and outer ring road; and no less than 200,000 yuan/mu beyond the outer ring road. There is one exception: the price is no less than 320,000 yuan/mu in the area located beyond the third ring road that is under the administration of Hongshan district.

Article 5 The projects shall be classified into three categories according to their nature and investment scale: 

  1. Category A: Fortune Global 500 companies, centrally administered State-owned enterprises and leading companies in their industries with projects having total investment exceeding five billion yuan in a three-year period.

  2.  Category B: Domestic Top 100 enterprises, listed companies and projects with total investment exceeding one billion yuan in a three-year period.  

    3. Category C: general projects and projects with total investment ranging from 200 million yuan to one billion yuan in a three-year period.

In principle, those projects with no more than 200 million yuan investment in a three-year period shall have no access to industrial lands.

Article 6 The projects shall register at the high-tech zone’s administration for industry and commerce and the tax department, and pay all required taxes in the zone.

Article 7 The plot ratio standard of projects shall be in accordance with the Announcement of Wuhan East Lake High-tech Development Zone on Adjusting the Plot Ratio and Land -transfer Fees in the zone and its attachments.

Article 8 The energy consumption standard of projects shall be carried out in accordance with the Guidebook on Wuhan Industrial Energy Efficiency (December 2011 version).

Article 9 The admitted projects shall meet the provisions on environmental protection and safety facility construction, as well as the admittance requirements on planning environmental evaluation projects. There will be no infringement of intellectual property rights of dominant products or key technologies.

Article 10 Projects settled in the Biolake shall meet the following requirements:

  1. The projects shall conform to the industrial requirements of developing biomedicine, chemical medicine preparations, Chinese medicine & plant medicine, medical equipment, medical service outsourcing, biological agriculture, biomass energy, biological information, and biological R&D, test and manufacturing.

  2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B, and C;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of the annual output shall be no less than 8 million yuan/mu.

  3. The annual tax revenue shall exceed 300,000 yuan/mu after the project reaches its expected annual output.

Article 11 Projects settled in the Future City shall meet the following requirements:

    1. Focusing on introducing projects involving the research and development of optoelectronics information, energy conservation and environmental protection.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A and B;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of annual output shall be no less than 8 million yuan/mu.

    3. The average annual tax revenue shall exceed 250,000 yuan/mu after the project reaches its expected annual output.

Article 12 Projects settled in Wuhan East Lake Free Trade Zone shall meet the following requirements:

    1. The projects shall meet the requirements of the high-tech zone’s planning on industrial development and the Directory on Projects Suitable for Entering Special Customs Supervision Areas released by the General Administration of Customs.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B and C;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of annual output shall be no less than 8 million yuan/mu.

    3. The annual tax revenue shall exceed 250,000 yuan/mu after the project reaches its expected annual output.

Article 13 Projects settled in Fozuling Industrial Park shall meet the following requirements:

    1. The projects shall conform to the industrial requirements of developing optoelectronic information, new energy environmental protection, high-end equipment manufacturing and the modern service industry.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B and C;

    b. Intensity of investment in fixed assets shall be no less than 5 million yuan/mu;

    c. Intensity of annual output shall be no less than 10 million yuan/mu.

    3. The annual tax revenue shall exceed 300,000 yuan/mu after the project reaches its expected annual output.

Article 14 Projects settled in the Modern Service Industrial Park shall meet the following requirements:

  1. The projects shall conform to the industrial requirements of developing modern service industries like finance, integration of science and culture, software, port logistics, and ecological tourism.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B and C;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of annual output shall be no less than 8 million yuan/mu.

    3. The annual tax revenue shall exceed 250,000 yuan/mu after the project reaches its expected annual output.

    4. Some modern service projects, like financial projects and other projects, which should conform to special regulations, shall follow the approval standards separately formulated for them.

Article 15 Projects settled in Zuoling Industrial Park shall meet the following requirements:  

    1. The projects shall conform to the industrial requirements of developing optoelectronic information, new materials, semiconductor lighting, port logistics, energy conservation & environmental protection, equipment manufacturing and supporting industries.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B, and C;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of annual output shall be no less than 8 million yuan/mu.  

    3. The annual tax revenue shall exceed 250,000 yuan/mu after the project reaches its expected annual output.

Article 16 Projects settled in the Chinese Sci-Tech City should meet following requirements:

    1. The projects shall conform to the industrial requirements of developing headquarters economy, R&D centers, cultural & creative industries, ecological tourism and modern service industry. 

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A, B, and C;

    b. Intensity of investment in fixed assets shall be no less than 3 million yuan/mu;

    c. Intensity of annual output shall be no less than 8 million yuan/mu.

    3. The annual tax revenue shall exceed 250,000 yuan/mu after the project reaches its expected annual output.

Article 17 Projects settled in the Optics Valley Central City shall meet the following requirements:

    1. The projects shall conform to the industrial requirements of the developing headquarters economy, R&D centers, and modern service industry.

    2. Requirements on investment:

    a. Focusing on introducing projects in Categories A and B;

    b. Intensity of investment in fixed assets shall be no less than 5 million yuan/mu;

    c. Intensity of annual output shall be no less than 10 million yuan/mu.

   3. The annual tax revenue shall exceed 300,000 yuan/mu after the project reaches its expected annual output.

Article 18 For those strategic emerging industrial projects in urgent demand or key projects on the industrial chain, the requirements and restrictions on intensity of investment in fixed assets, annual output and tax can be eased after performance of related decision-making processes.