After the national ministries and commissions issued documents supporting the development of the blockchain industry, local governments have accelerated their support for blockchain companies. The latest case is Wuhan province, which has issued a document that aims to build 100 blockchain-related innovative companies within 3 years.
According to relevant reports and statistics, as of now, more than 33 provinces and cities across the country have introduced special blockchain policies. The supporting policies cover many aspects ranging from corporate tax incentives to talent introduction rewards.
｜Ten million policy rewards issued by local governments
Among the policy documents of various provinces and cities, the most eye-catching one is the high financial rewards. According to statistics, a total of 14 local governments have introduced blockchain incentive measures.
Among them, the Development Support Policy (Trial) of the Blockchain Financial Industry Sandbox Park in the Ganzhou Economic Development Zone of Jiangxi Province clearly stated that “17.5 million yuan will be rewarded for newly listed companies on the domestic main board.” This amount is currently the highest individual policy rewards in China. The incentive measures offered by other municipal governments are also quite generous. Guiyang, Nanjing, Shanghai, and Nanchang all offer individual rewards of up to 10 million yuan.
In addition, for many start-ups, rent is the first hurdle to start a business. It is especially important to reduce the financial pressure of enterprises and attract more outstanding enterprises to settle in the early stage of industrial development. Rent reductions or rent subsidies also appear in almost all city-level policy documents with detailed regulations. Guiyang, Fuzhou, Quanzhou, Shanghai, Loudi, Nanjing, Shenzhen and other cities all provide rent subsidies to blockchain companies to varying degrees.
｜Support policies continue to be refined
Among these special blockchain policies, the provincial guidance plan provides guidance on overall development goals, main tasks, and application directions. Many provinces also make requirements for each goal and task execution unit. For example, the Guangxi Zhuang Autonomous Region Blockchain Industry and Application Development Plan issued by Guangxi province not only provides guidance on important tasks and key goals, but also refines the specific background and application scenarios of each policy to which problems to solve.
The application field of blockchain technology is constantly expanding, and continues to extend to more areas. With the introduction of supportive policies in various places, the development of blockchain technology has gradually become brighter and brighter. In the future, the development of blockchain industry will speed up, let’s wait for the moment to come soon!
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