Article 1 These Measures are formulated to ensure the smooth implementation of major projects, improve the economic development level of our city and improve the urban infrastructure construction. Article 2 The Qingdao Major Project Fund (hereinafter referred to as the Fund) shall be established. The fund is a special fund to support major projects that can have an important impact on the economic construction and social development of our city, can drive the adjustment of industrial structure, and accumulate stamina for the economic development of our city. Third major projects in China are mainly funded by enterprises and bank loans. This fund is the support and supplement of China's equity capital. Article 4 A fund management committee for major projects in Qingdao shall be established. The management committee consists of the mayor, the relevant deputy mayors and the major project office of the municipal government (hereinafter referred to as the Municipal Project Office), the Municipal Finance Bureau, the Municipal Economic Commission, the Municipal Urban and Rural Committee and the Municipal Finance Committee. The Management Committee is responsible for reviewing the policies and conditions for the use of the fund, deciding on the investment of the fund and approving the use of the fund.

The Municipal Project Office and the Municipal Finance Bureau are responsible for the daily management of the fund. Article 5 The fund mainly comes from the following funds concentrated by the municipal finance:

(1) 50% of the special funds for enterprise development;

(two) the new part of the urban population mechanical growth fee;

(3) 1994, the urban maintenance and construction tax increased by 20% over the previous year, and was collected in a centralized manner year by year;

(4) 20% of the special charges for new cars based on 1993;

(five) other sources determined by the municipal government.

Fund interest is included in the unified use of the fund. Sixth funds are mainly used for projects included in the responsibility objectives of major projects in the city, as well as other economic and social development projects that need the support of the municipal government. Seventh in addition to the social welfare projects determined by the municipal government, the fund shall be used for compensation, and the interest shall generally not exceed the bank loan interest rate for the same period. Generally, one-time approval and installment payment are adopted for capital lending. Article 8 The Fund provides guarantee for bank loan financing of major projects. Article 9 Any Chinese project unit listed in Qingdao's major project responsibility target is really in urgent need of the project, and may apply for fund payment or fund guarantee according to these Measures. Article 10 The scope of use of funds mainly includes:

(1) Chinese share capital in major projects;

(two) short-term capital needs in the implementation of major projects;

(3) Other capital requirements for major projects. Article 11 The term of capital borrowing and guarantee shall generally not exceed three years. Twelfth units applying for the use of funds, the need to submit a major project fund application report to the higher authorities (table sample separately), and by the economic entities with solvency to provide repayment guarantee. After the preliminary examination by the competent department, the application for payment shall be submitted to the Municipal Economic Commission, the Municipal Urban and Rural Committee, the Municipal Finance Committee and other relevant departments according to the project category, and reported to the Municipal Project Office and the Municipal Finance Bureau at the same time. The feasibility study report is analyzed and demonstrated by the Municipal Project Office and the Municipal Finance Bureau, and the relevant departments and experts such as the Municipal Economic Commission, the Municipal Urban and Rural Committee and the Municipal Finance Committee put forward their opinions according to the project category and submit them to the Capital Management Committee for approval. Thirteenth units that apply for the use of funds as a guarantee for major projects shall go through the examination and approval procedures with reference to the provisions of Article 12 of these Measures. Article 14 After the application for the use of the fund is approved, the applicant must sign a contract with the entrusted bank of the fund and go through the relevant formalities. Units that use funds shall pay interest quarterly. Fifteenth funds must be earmarked as planned, and special account books shall be established by users.

The competent departments of the Municipal Project Office, the Municipal Finance Bureau and the fund-using units have the right to supervise and inspect the specific use of funds. Sixteenth undertakers shall regularly report the progress of the project and the use of funds to the Municipal Fund Management Committee of major projects according to regulations. The Fund Management Committee may deal with the unit that conceals the use of funds and does not use funds according to the provisions according to the circumstances until the loan is stopped or recovered in advance. Seventeenth after the completion of the project, the unit shall timely submit a summary report on the completion of the project to the Municipal Project Office, the Municipal Finance Bureau, the Municipal Economic Commission, the Municipal Urban and Rural Committee, the Municipal Finance Committee and other relevant departments and competent departments. Eighteenth users should repay the loan on schedule in accordance with the contract. If the repayment cannot be made on schedule, an application for deferred repayment shall be submitted to the Municipal Project Office in time. If it cannot be paid off at maturity, the bank will deduct it from the user's account according to the contract or the guarantee unit will bear joint liability according to law. Nineteenth the problems in the specific implementation of these measures shall be interpreted by the major project office of the municipal government. Article 20 These Measures shall be implemented as of 1995 1 month 1 day.

(Zheng Qingfa [1994]No. 187)