The State Council has issued the Guiding Opinions on Accelerating the Development of Producer Services to Promote Industrial Restructuring and Upgrading (the "Opinions").
The Opinions specify that the development of producer services in China will focus on the research and design, third-party logistics, financial leasing, information technology services, energy conservation and environmental protection services, verification, testing and certification services, electronic commerce, business consulting, service outsourcing, after-sales services, human resource services, and brand building with the corresponding policies and measures in place. In respect of fiscal and taxation policies, the Opinions provide that technological or innovative enterprises engaging in producer services such as research and design, verification, testing and certification services, energy conservation and environmental protection, etc. may apply to be recognized as high-tech enterprises which are subject to the preferential enterprise income tax rate at 15%. In respect of financial services, the Opinions support qualified producer services enterprises to extend their financing channels by allowing them to issue bond financing instruments of non-financial enterprises in the inter-bank bond market.