Issued by: China (Shanghai) Pilot Free Trade Zone Lin-Gang Special Area Administration Committee
Issue No.: Lin-Gang Special Area Administration Committee [2024] No.121
Release Date: October 14, 2024
Effective Date: From October 14, 2024 to December 31, 2026
Links: https://www.lingang.gov.cn/html/website/lg/index/government/file/1846615852866162690.html

The policies aim to support the development of equity investment cluster in the Lin-Gang New Area with the focus on the investment rewards for equity investment institutions and their management companies. 

1. Equity investment institutions that meet the conditions and complete registration will be eligible for a reward of up to RMB 30 million, based on their actual fundraising scale.

2. For eligible equity investment institutions, investment rewards will be granted to their management companies based on the amount invested in non-listed enterprises, with a maximum reward of RMB 20 million.

3. Recognized equity investment institutions that invest in seed and early stage sci-tech enterprises for over a year are eligible to a reward equivalent to up to 10 percent of the actual investment amount, capped at a maximum annual reward of RMB 10 million.

4. Comprehensive reward will be granted to institutions based on factors such as management scale, operational revenues (including investment returns), job creation, the fostering of a sci-tech financial ecosystem, industry influence, etc.

5. A reward of up to RMB 40 million will be granted to successful establishment of pilot Qualified Foreign Limited Partners (QFLP).