Is Yinzhou undeclared sharing income a government subsidy?
No, Yinzhou undeclared income is an incentive measure introduced by enterprises. The policy was jointly launched by China Telecom, State Grid and Singapore Telecom Group Decout * * * to encourage enterprises in Yinzhou District to accelerate digital transformation and innovative development. After the enterprise completes a certain digital upgrade, it can get the reward provided by the * * * revenue sharing fund, which comes from the benefits and achievements brought by the enterprise using digital technology. Therefore, this policy is not a direct subsidy from the government, but an incentive measure based on enterprise benefits to encourage enterprises to more actively promote digital transformation and innovation.