For key leading enterprises, the state will provide specific help and support in base construction, raw material procurement, equipment introduction and product export. 1. Financial policies The People's Bank of China and various financial institutions will focus on adopting the following policy measures: 1. Flexibly use monetary policy tools, arrange loan plans, and increase re-loans in a timely manner to support financial institutions' funding needs to support agriculture. 2. Further clarify the focus of various financial institutions in supporting agriculture and improve the financial service system that supports agricultural industrialization. 3. Focus on leading enterprises, high-tech agriculture, and specialty agriculture, and strengthen financial services to support agricultural industrialization. 4. Support the construction of rural infrastructure and ecological environment to create conditions for agricultural industrialization. 5. Support the development of characteristic agriculture in the western region and promote the development of agricultural industrialization in the western region. The main contents are: State-owned commercial banks should regard supporting agricultural industrialization as the focus of credit support for agriculture and give preferential treatment in funding arrangements. For key leading enterprises, the loan period must be reasonably determined based on the normal production cycle of the enterprise and the purpose of the loan, and the interest rate shall be implemented according to the interest rate prescribed by the People's Bank of China, and in principle there shall be no increase. For loans provided by key leading enterprises for base construction and technological transformation projects, the agricultural authorities can recommend them to commercial banks. For the problems that commercial banks require a large amount of funds to purchase raw materials and take a long time, commercial banks can provide loans based on the needs of key leading enterprises and bases. The contract signed by the farmer will determine the required acquisition funds and provide credit support based on the authorization principle. A certain credit line can be approved for leading enterprises with good credit standing, which can be used to purchase agricultural products signed contracts with farmers at the base. Increase financial support for agricultural exports. State-owned commercial banks provide priority arrangements for working capital loans required for agricultural product exports based on credit principles and provide key support. For agricultural product export enterprises with good credit standing, a certain credit line will be approved and used to issue bids, performance and advance payment guarantees. 2. Fiscal policy In order to guide leading enterprises to drive production bases and farmers on a large scale and form a new industrialized management pattern of leading enterprises plus production bases and farmers, the central government must continue to provide support for the construction of production bases driven by key leading enterprises, and local governments Specific financial arrangements must also be made. It is necessary to actively explore and gradually establish various forms of risk sharing mechanisms between leading enterprises and farmers, form a stable purchase and sale relationship through the conclusion of contracts, and improve the ability to withstand market risks. Enterprises can establish risk funds to ensure that raw materials produced by base farmers are purchased at protected prices and reduce losses caused by market fluctuations; they can also adopt the form of cooperative or joint-stock cooperative systems to form an economic interest *** between farmers and leading enterprises. We must work together to resist and avoid market risks. The risks brought by leading enterprises to farmers and production bases will not only cause losses to the production and operation of enterprises, but will also affect the income of farmers and affect rural stability. All levels and departments must attach great importance to it and take practical measures in accordance with relevant national fiscal and taxation policies and institutional regulations to help leading enterprises and farmers improve their ability to withstand market risks. 3. Tax policies The various tax preferential policies formulated this time to promote the development of agricultural industrialization for key leading enterprises mainly include the following aspects: (1) Regarding domestic-funded enterprises 1. Regarding the issue of corporate income tax reduction and exemption for key leading enterprises Income from planting, breeding, and primary processing of agricultural and forestry products can be obtained in accordance with the "Notice of the Ministry of Finance and the State Administration of Taxation on Issues Concerning the Collection of Corporate Income Tax by State-owned Agricultural Enterprises and Institutions" issued in May 1997 (Finance and Taxation Zi [1997 ]49) document stipulates. Main content: The income earned by state-owned agricultural enterprises and institutions engaged in planting, breeding and primary processing of agricultural and forestry products is temporarily exempt from corporate income tax, etc. 2. Regarding the deduction of technology development fees. Regarding the deduction of enterprise technology development fees, the "Supplementary Notice of the State Administration of Taxation on Tax Issues Related to Promoting Enterprise Technological Progress" issued in April 1996 (Guo Shui Fa [1996] No. 152) can be applied Document provisions. Main contents: First, various expenses incurred by enterprises in researching and developing new products, new technologies, and new processes are not subject to proportional restrictions and are included in administrative expenses. Second, if the expenses incurred by the enterprise in researching and developing new products, new technologies, and new processes increase by more than 10%, 50% of the actual amount incurred can be deducted from the taxable income. Third, key equipment and testing instruments purchased by enterprises for the purpose of developing new technologies and new products for trial production, with a single value of less than 100,000 yuan, can be allocated to management expenses in one lump sum or in installments, etc. In addition, there are also a series of preferential tax policies in promoting cooperation between industry, academia and research institutes, promoting joint development, accelerating the industrialization and commercialization of corporate technological achievements, and promoting the updating of corporate machinery and equipment. 3. Regarding the issue of corporate income tax credits for the purchase of domestically produced equipment. Regarding the corporate income tax exemption for the purchase of domestically produced equipment, the "Interim Measures for the Corporate Income Tax Credit for Investments in Technical Transformation of Domestic Equipment" issued by the Ministry of Finance and the State Administration of Taxation in December 1999 shall apply. "Notice" (Caishuizi [1999] No. 290) document. Main content: For any enterprise that invests in technological transformation projects in compliance with national industrial policies within the territory of my country, 40% of the investment in domestic equipment required for the project can be deducted from the current increase in corporate income tax on the purchase of equipment for the enterprise's technological transformation projects compared with the previous year. Free, wait.

4. Regarding the introduction of agricultural product processing equipment. For agricultural product processing equipment that complies with the national new technology catalog and imported projects approved by relevant national departments, except for the commodities listed in the "Catalogue of Imported Commodities Not Exempted from Duty Free for Domestic Investment Projects" issued by the State Council, they are exempt from tax. Import duties and import value-added tax. (2) Regarding foreign-invested enterprises 1. Regarding the issue of corporate income tax reduction and exemption. Regarding the reduction and exemption of corporate income tax, the relevant provisions of the "Income Tax Law of the People's Republic of China on Foreign-Invested Enterprises and Foreign Enterprises" and its implementation rules may be applied. Main content: For productive foreign-invested enterprises with an operating period of more than ten years, starting from the year when profits begin, corporate income tax will be exempted in the first and second years, and corporate income tax will be levied at a half rate from the third to fifth years. . For foreign-invested enterprises engaged in agriculture, forestry, animal husbandry and located in economically underdeveloped remote areas, upon approval, they can continue to receive a reduction of 15% to 30% of the taxable corporate income tax in the next ten years, etc. 2. Regarding the deduction of technology development fees. Regarding the deduction of technology development fees of foreign-invested enterprises, the "Notice of the State Administration of Taxation on Issues Concerning the Deduction of Technology Development Fees of Foreign-Invested Enterprises from Taxable Income" issued in September 1999 ( Guoshuifa [1999] No. 173) document. Main content: If the technology development expenses incurred by an enterprise in China in the year when it develops technology actually increase by more than 10% (inclusive) compared with the previous year, upon review and approval by the tax authorities, an additional 50% of the actual amount of technology development expenses incurred in that year is allowed. Deduct against taxable income for the current year, etc. 3. Regarding the issue of corporate income tax credits for the purchase of domestically produced equipment. Regarding the corporate income tax credits for the purchase of domestically produced equipment, the "Foreign-invested Enterprises and Foreign Enterprises Purchasing Domestic Equipment Investment Credits" issued by the Ministry of Finance and the State Administration of Taxation in January 2000 can be applied. Notice on Issues Related to Income Tax" (Caishuizi [2000] No. 49) and the "Notice of the State Administration of Taxation on Issuing (Measures for the Administration of Corporate Income Tax on Investment Credits for Foreign-Invested Enterprises and Foreign Enterprises Purchasing Domestic Equipment)" issued in May 2000" Document provisions. Main content: First, for foreign-invested enterprises established in my country, if the domestic equipment purchased within the total investment is in compliance with relevant regulations, 40% of its investment in purchasing domestic equipment can be increased from the year before the equipment is purchased compared to the previous year. credit against corporate income tax. Second, in order to improve efficiency, product quality, and strengthen comprehensive utilization and three waste management, the above-mentioned enterprises use advanced and applicable new technologies, new processes, new equipment, new materials, etc. to transform existing facilities and production process conditions. For domestic equipment purchased in addition to the total investment, 40% of the investment in purchasing domestic equipment can also be deducted from the increase in corporate income tax in the year of equipment purchase compared with the previous year. Third, for domestic equipment subject to investment credits, depreciation can still be accrued based on the original price of the equipment, and depreciation can be deducted when calculating taxable income in accordance with relevant regulations, etc. In addition to the tax preferential policies mentioned above, relevant tax preferential policies in the current tax law can also be applied. 4. Foreign Economic and Trade Encourage key leading enterprises to leverage their comparative advantages to participate in international competition and improve product competitiveness. Active support should be provided to key leading enterprises that develop foreign markets and expand exports of agricultural products. In accordance with the relevant regulations of the Central Foreign Trade Development Fund, interest discounts will be provided to the financing of agricultural products and processed products export projects that meet the usage direction and conditions of the Central Foreign Trade Development Fund. With reference to internationally accepted practices, we will continue to increase support for key leading enterprises to earn foreign exchange through exports. For agricultural product processing equipment that complies with the national high-tech catalog and imported projects approved by relevant national departments, except for the commodities listed in Guofa [1997] No. 37 "Catalogue of Imported Commodities Not Exempted from Duty Free for Domestic Investment Projects", import duties and taxes are exempted. Import VAT. Simplify administrative approval procedures, relax approval conditions, and support key leading enterprises in expanding exports. Appropriately reduce the qualifications of key leading enterprises to establish import and export companies, and appropriately relax their business scope. Encourage Sino-foreign joint ventures in the circulation of agricultural products to use their sales networks to promote the entry of my country's agricultural products into foreign sales outlets and distribution centers. 5. Investment and Financing Encourage key leading enterprises to raise funds through multiple channels. Actively learn from domestic and foreign investment and financing experience, and use various methods such as asset restructuring, holding, equity participation, mergers, and leasing to expand the scale of the enterprise and enhance its strength. Qualified key leading enterprises can apply for stock issuance and listing after implementing a standardized company system. Key leading companies that have been listed should make good use of the preferential policies of listed agricultural companies in terms of allotments. Conditions should be created to encourage key leading enterprises to use foreign capital to carry out joint ventures and cooperation. Actively explore the establishment of agricultural industrialization development investment funds with key leading enterprises as the main body.