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Fujian issued resolve the overcapacity in the steel industry embodiment

City, county (district) people's government, Pingtan comprehensive experimental zone management committee, provincial government departments, agencies directly under, major companies, institutions of higher learning:
"Fujian resolve the overcapacity in the steel industry plan" has the provincial government and is hereby issued to you, please carefully organized and implemented.
Fujian Provincial People's Government Office
July 26, 2016
(This piece voluntarily disclosed)
Fujian Province, the steel industry to resolve the overcapacity embodiment
To implement the "State Council on the steel industry to resolve the overcapacity achieve comments turnaround Development" (Guo Fa [2016] No. 6), "to resolve the overcapacity achieve turnaround development objective responsibility of the steel industry", "responsibility" (hereinafter referred to according to the province ) and steel coal industry to resolve excess capacity and turnaround development Ministerial Joint office "on efforts to iron and steel coal industry to resolve the overcapacity achieve turnaround development implementation of the notice" (Fa Gai electricity No. [2016] 339) requirements, develop the program .
First, resolve excess capacity objectives and requirements
"Thirteen Five" in our province to resolve the overcapacity in the steel industry goals and tasks of 445 million tons, plans to be completed during the year 2016. Wherein Yajian steel production "responsibility" can be identified 2.3 million tonnes, specific projects include: the Friends of Nanping City, double-metal Co., Ltd. 60 t electric arc furnace 1, to produce 600,000 tons; China International Iron and Steel Co., Ltd. 50 t EAF 1 Taiwan, the capacity to 500,000 tons; Shaowu City Jialong steel Co., Ltd. 40 tons IF furnace three, the capacity to 1.2 million tonnes. Press the "responsibility" and the relevant requirements of the Ministry of Industry and Information Technology deployment after further thorough investigation to determine the new Yajian 2.15 million tons of Corrugated Steel Roofing production capacity, specific projects include: the Friends of Nanping City, double-metal Co., Ltd. 32-ton furnace 2, 20 1 ton furnace, one 10-ton furnace 2, to produce 400,000 tons; Shaowu City Jialong steel Co., Ltd. 40 tons IF furnace Taiwan, 20 tons IF furnace 4, to produce 600,000 tons; Fuan City Xin'an metal products Inc. 10 tons IF furnace 6, to the production capacity of 300,000 tons; cold-rolled sheet in Fujian Province Xin River Inc. 15 tons IF furnace 6, 5 tons IF furnace 2 sets of production capacity to 450,000 tons; casting limited Shouning Xingshun company 10 tons IF furnace 8, to produce 400,000 tons.
Second, the task
(A) prohibited new capacity
Strictly implement the "State Council on serious excess capacity to resolve conflicting guidance" (Guo Fa [2013] No. 41), all localities and departments may use any name or by any means filing new capacity steel project. The relevant departments and agencies to handle such projects can not be the supply of land, to the EIA approval, the EIA approval, planning permission, production license, additional credit support and other related services. The illegal construction, serious accountability.
Organizers: The Provincial Development and Reform Commission, Economic and Information Commission, National Land Agency, Department of Environmental Protection, Housing and Construction Office, Bureau of Quality Supervision, the SASAC, the People's Bank branch in the center of Fuzhou, Fujian Banking Bureau, People's Government of the municipalities and districts, Pingtan comprehensive experimental zone CMC
(Ii) to resolve the overcapacity
1. Quit law in accordance with regulations. Strict implementation of environmental protection, energy consumption, quality, safety, technology and other laws and regulations and industrial policies, not up to standard requirements of steel production capacity according to the law quit, and resolutely shut down. Undocumented illegal production enterprises to increase efforts to investigate and crack down on "ground bars" and other undocumented production, clamp down on illegal production and operation of enterprises eliminated.
Organizers: The Provincial Environmental Protection Department, Commission by letter, Bureau of Quality Supervision, Safety Supervision Bureau, Trade and Industry Bureau, the municipalities and districts people's government, Pingtan Comprehensive Experimental Zone
2. Boot initiative to withdraw. Sound differential pricing policy, the role of market mechanisms to promote production, semi cut-off and the poor competitiveness of companies take the initiative to upgrade hopeless exit. You can not quit on overall business inefficiencies in production capacity, to create the conditions to implement exit. Encourage and guide enterprises through active Yajian, mergers and acquisitions, restructuring conversions, international cooperation and other means of production overcapacity or exit of inefficient capacity.
Organizers: The Provincial Commission by letter, the Department of Finance, Department of Commerce, the SASAC, Price, State Grid Power Company in Fujian Province, the municipalities and districts people's government, Pingtan Comprehensive Experimental Zone
Third, safeguards
(A) the implementation of rewards and subsidies
According to the structure adjustment of national industrial enterprises special prize up capital requirements, taking into account the mandate and capacity to exit the staffing two goals and tasks, the Provincial Commission by letter, the Department of Finance to develop steel industry restructuring central special prize up fund management rules and the allocation of funds to implement the program, do good rewards and subsidies allocated work. Combined with the actual development of the steel industry overcapacity work to resolve provincial finance matching funds program, the provincial financial arrangements for matching funds for the province to resolve the overcapacity in the steel industry.
Organizers: The Provincial Department of Finance, Commission by letter
(Ii) the implementation of tax policy
1. The iron and steel enterprises to take advantage of residual pressure waste heat power generation, according to the provisions enjoy Jizhengjitui VAT, preferential tax policies for comprehensive utilization of resources, in line with the provisions of the tax law, according to the conditions included in the reduced rate of 90% of total revenue CIT. Enterprises through merger, sale, replacement and other ways, the transfer of physical assets as well as all or part of its debt, debt and labor associated with compliance, not subject to VAT.
Organizers: The Provincial State Taxation Bureau, Provincial Local Taxation Bureau, Ministry of Finance
2. Restructuring Behavior equity companies fulfill the conditions prescribed tax (assets) acquisitions, mergers, debt restructuring, according to tax law enjoy preferential enterprise income tax deferred; enterprises with non-monetary assets, according to the provisions of staging enjoy 5 years pay corporate income tax policy. Bankruptcy, cancellation, liquidation, corporate income tax, according to the provisions of the tax deduction related to liquidation expenses and wages, social insurance premiums, statutory compensation; corporate tax law in line with the conditions of the credit losses in the calculation of corporate income tax according to the provisions of taxable income when deduction; financial enterprises in accordance with the provisions of the extracted loan loss reserves may be deducted before the enterprise income tax.
Organizers: The Provincial State Taxation Bureau, the People's Bank branch in the center of Fuzhou, Fujian Banking Bureau, Provincial Local Taxation Bureau, Ministry of Finance, the Office of Human Resources and Social
(Iii) increase financial support
1. The implementation of monetary policy have to maintain control, advanced technology equipment, products, competitive, market, although the case of temporary difficulties but after still deepening reform and strengthening internal management to restore market competitiveness of high-quality backbone enterprises, continue to give credit support and strictly control new capacity offending credit input. Promote financial policies to resolve the overcapacity and Minsheng Financial Policy butt, helping to play a good policy function venture secured loans and other support staff placement business employment.
Organizer: Provincial Finance Office, Human Resources and Social Office, the People's Bank branch in the center of Fuzhou, Fujian Banking Regulatory Bureau
2. Credit accelerate product innovation, vigorously develop energy efficiency credit, actively expand the energy management contract future income right mortgage loans, mortgage emission rights, carbon emissions mortgage loans and other services to promote the transformation and upgrading of the steel industry.
Organizer: Provincial Finance Office, the People's Bank branch in the center of Fuzhou, Fujian Banking Regulatory Bureau
3. Supports the corporate debt restructuring and mergers and acquisitions, in line with national industrial policies, and actively take the initiative to production capacity, structural adjustment, transformation and development, there is a certain solvency of iron and steel enterprises to implement adjustment loan period, repayment of debt and other restructuring measures, while improving M & A loan business, and expand the scale of M & A loans, and promote restructuring of the steel industry optimization.
Organizer: Provincial Finance Office, the People's Bank branch in the center of Fuzhou, Fujian Banking Regulatory Bureau
4. Support the bank to accelerate the disposal of bad assets, the integrated use of debt restructuring, bankruptcy reorganization or liquidation, and other means to properly dispose of non-performing assets of banks and corporate debt, making full use of existing bad loans written off and batch transfer policies to accelerate the write-off and bulk transfer progress, so that "should make the nuclear core."
Organizer: Provincial Finance Office, the People's Bank branch in the center of Fuzhou, Fujian Banking Regulatory Bureau
5. Support the issue of "M & A Debt" "green bonds" and other bond financing. Financial institutions are encouraged to "go to production capacity," enterprises to promote the use of innovative debt instruments perpetual notes, supply chain notes, asset-backed notes, focusing on the role of M & A notes, green notes and other characteristics bonds in corporate mergers and restructuring, transformation and upgrading of the steel production of recombinant raise funds.
Organizer: Provincial Finance Office, the People's Bank branch in the center of Fuzhou, Fujian Banking Regulatory Bureau
(Iv) the proper placement of workers
1. do to resolve the overcapacity enterprise workers information collection, enterprise employees to be reemployed to grasp the situation. The unemployed persons into local employment and entrepreneurship policy support system, by building business platform, skills training, employment, etc., to promote their own businesses or re-employment. To resolve the excess capacity is more concentrated business area, interregional employment information to carry out the docking and organized labor export; shunt placement of personnel more companies, hold free special recruitment.
Organizers: The Provincial People and Social Council Chamber, the SASAC, the People's Government of the municipalities and districts, Pingtan Comprehensive Experimental Zone
2. resolve to encourage and guide enterprises to actively carry excess capacity and employment transfers, the surplus employees of enterprises to similar industries and enterprises, similar types of transfers, to achieve a smooth transfer to the post positions. To adjust labor platform to help resolve the excess production capacity of enterprises to carry out the swap, according to the provisions in employment over the business service scope of subsidies. Encouraged to absorb the unemployed. Employers absorb the excess capacity to resolve business people experiencing employment difficulty, and the relevant provisions of its personnel to absorb the actual payment of basic pension insurance, basic medical insurance, unemployment insurance subsidies.
Organizers: The Provincial Human Resources and Social Department of Finance, the SASAC, the People's Government of the municipalities and districts, Pingtan Comprehensive Experimental Zone
3. within the statutory retirement age five years, re-employment difficulties, the voluntary choice of workers, businesses and the signing of the consent agreement, the implementation of Early retirement, paid by the company for their living expenses and to pay the basic old-age insurance and basic medical insurance. For the policy areas in line with the basic conditions and resolve excess capacity in the steel industry enterprises, according to the company and its workers last year actually paid 50% of total unemployment insurance subsidies given to post steady.
Organizers: The Provincial Human Resources and Social Department of Finance, the SASAC, the People's Government of the municipalities and districts, Pingtan Comprehensive Experimental Zone
4. Public employment service institutions at all levels, above the provincial key mechanic institutions, in the manner of operation of the project to resolve the overcapacity enterprise workers and personnel to carry out real-name registration of vocational skills training, and give financial subsidies. Resolve excess capacity enterprise workers and unemployed persons to obtain vocational qualifications through social examination, vocational qualification certificate by the appropriate skill level to determine the subsidy standards.
Organizers: The Provincial People and Social Council Chamber
5. underpinning increased efforts to help provide employment assistance to one difficulty finding employment, according to the provisions of the implementation of social insurance subsidies and other support policies. That can not be realized by the employment market, helping to increase public service jobs underpinning. Meet the bailout conditions should be included in the scope of social assistance, protect their basic livelihood.
Organizers: The Provincial Human Resources and Social Department of Finance, the SASAC, the People's Government of the municipalities and districts, Pingtan Comprehensive Experimental Zone
(E) use of land resources
Overcapacity out of business involving state-owned construction land can be handed over to government purchasing and storage. Government to implement purchasing and storage compensation standard consultation confirmed by the land reserve institutions and land use rights. Government transfer income according to the provisions arranged through the budget to pay state workers resettlement costs. Provincial enterprises involved in land assets, land use rights for 30% of total turnover for local city and county to pay related taxes and transaction costs and other expenses, 70% turned over provincial finances.
Overcapacity out of business involving state-owned land for construction but also by companies themselves. In conformity with the plan and the terms of transfer of land use right segmentation allows transfer of land use right, the original allocation of land use rights, the approval may take the agreement to sell the way. Industrial land use change as business services and other uses (excluding operating residential), the city and county people's government, can go through transfer procedures, retroactive land transfer contract, pay the land transfer law after assessment. Use of existing industrial land held information services, research and design, creative culture, logistics and other emerging industries, can temporarily change procedures for land use.
Organizers: The Provincial National Land Agency, Department of Finance, the SASAC, the People's Government of the municipalities and districts, Pingtan Comprehensive Experimental Zone
4, steps
(A) before mid-July 2016, the provincial industrial overcapacity in the industry to resolve the Leading Group Office of the Organization for industry experts to project capacity production equipment field verification of the relevant circumstances, the approved project capacity. Before the end of July 2016, the provincial industrial overcapacity in the industry to resolve the Leading Group Office issued in Fujian Province in 2016 to resolve the overcapacity in the steel industry project, the state-assigned to the province's steel production target task decomposition to the relevant municipalities and districts, the provincial SASAC , implementation of the enterprise, and to publicize the list of 2016, the steel industry to resolve the overcapacity in the provincial government enterprise portals.
(Ii) establish a working mechanism for follow-up examination, supervision and inspection of the relevant areas of the steel industry to resolve the overcapacity situation and the objectives and tasks policy measures to implement the relevant department by City by letter, the provincial Metallurgical (Holdings) Company 5th of each month, submit month project demolition and other equipment to the production capacity, the provincial industrial overcapacity in the industry to resolve the leading group office to grasp and solve the excess capacity to resolve contradictions and conflicts, on the progress of work to lagging productivity project briefing and supervision.
(C) before the end of November 2016, the relevant government municipalities and districts, the provincial SASAC and urge enterprises to dismantle all included in the plan to resolve the overcapacity main equipment, production lines, it can not be produced to ensure that the project does not transfer capacity, no recovery, no new increase and preserve photos and videos production capacity out of the front and rear of your records; complete organization of all the excess production capacity of enterprises to resolve the on-site inspection and acceptance; in the relevant municipalities and districts government, the provincial SASAC portal complete resolve surplus to the public in the region business productivity task list, while the industrial sector of the province to resolve the overcapacity leading group office.
(D) In early December 2016, the relevant government municipalities and districts, the provincial SASAC will be able to progress to resolve the overcapacity situation and the annual target task completion acceptance inspection report and resolve the situation of the provincial Industry overcapacity Leading Group Office. Before the end of December 2016, the provincial industrial overcapacity in the industry to resolve the Leading Group Office of the composition of the assessment working group to around the year 2016 the steel industry overcapacity to resolve work-site inspections.
Before (v) the end of January 2017, the provincial industrial sector to resolve overcapacity Leading Group Office to the public to resolve the province's steel industry overcapacity objectives and tasks, and accept social supervision.
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