In order to further enhance the agglomeration effect of financial resources and the role of service support, improve the policy system for the development of shipping finance, and give full play to the role of finance in supporting the high-quality integrated development of Hong Kong, industry and cities, the Municipal Finance Bureau, together with Tianjin Branch of the People's Bank of China, Tianjin Banking and Insurance Regulatory Bureau, and Municipal Finance Bureau and other units, benchmarking the four indicators of shipping finance in the Xinhua Baltic International Shipping Center Development Index, including ship financing, fund settlement, shipping insurance and shipping financial derivatives, researched and launched four policy measures to encourage the development of shipping finance and their implementation fine print.

One is to support the development of ship finance leasing business. For financial leasing companies that provide ship financial leasing business for shipping companies in this city, they will be rewarded with 2% of the total amount of financing for a period of more than one year. For a long time, our city has continued to promote the innovation of the financial leasing industry, and has taken the lead in carrying out a series of pilot policy pilot projects such as the collection of foreign currency rents for operating leasing business, the registration of foreign creditor's rights for offshore financial leasing, and the facilitation of foreign debts, laying a solid foundation for the development of the leasing industry. Potential empowerment. Up to now, the city's international shipping vessels and offshore engineering platform equipment financing leasing business accounted for more than 80% of the country's total. In the next step, through special rewards, we will further consolidate the city's advantages in ship financing leasing, guide leasing companies to strengthen their connection with high-quality shipping companies in our city, tailor-made financial leasing solutions, and further expand the scale of Tianjin's shipping capacity.

The second is to support the development of cross-border RMB settlement business. The top 20 banks and payment institutions in the city's current account cross-border RMB settlement volume will be rewarded according to the standard of 2/10,000 of the settlement business increment. In recent years, our city has continuously optimized the cross-border RMB settlement facilitation plan, upgrading from version 1.0 to the current version 3.0, and guiding banks within the jurisdiction to strengthen cross-border RMB financial services. In 2022, the city's cross-border RMB settlement volume will hit a record high, with a total annual receipt and payment of about 342 billion yuan, and the cross-border RMB facilitation business will increase by 72% year-on-year. In the next step, special incentives will be used to increase the scale and facilitation level of cross-border RMB settlement, effectively play a role in promoting trade and investment facilitation, and continue to support the high-quality development of the city's foreign-related economy.

The third is to support the development of shipping insurance business. The insurance agencies in this city will be rewarded with 6% of the incremental premium for marine insurance and 3% of the incremental premium for cargo insurance based on the premium income of the previous year’s marine insurance and cargo insurance respectively. In recent years, Tianjin's insurance industry has seized favorable opportunities such as the construction of the northern international shipping core area, actively expanded shipping insurance business, innovated shipping insurance products, explored the construction of a shipping insurance information service platform, and achieved healthy and stable development. In the first quarter of this year, the city's ship insurance revenue ranked first among northern cities. In the next step, special incentives will be used to effectively reduce the pressure on the operating costs of the shipping insurance market, optimize the development environment of shipping insurance in our city, and provide shipping companies and international trade companies with a higher level of risk protection.

Fourth, support the development of shipping financial derivatives. Encourage financial institutions to innovate shipping financial derivatives, and participate in the selection of Tianjin's financial service real economy innovation cases, and award winners in accordance with the city's financial policies. In the next step, the enthusiasm and initiative of financial institutions to provide financial derivatives services for shipping trade companies will be further mobilized through special rewards to meet the individualized and differentiated risk management needs of companies and improve the risk management capabilities of shipping trade companies.

Implementation Rules for Encouraging the Development of Shipping Finance in Tianjin (Trial) 

In order to improve the policy system for the development of shipping finance and give full play to the supporting role of finance in the high-quality integrated development of Hong Kong, industry and city, according to the "Policies and Measures for Promoting High-quality Integrated Development of Hong Kong, Industry and City in Tianjin", the special incentive measures for supporting the development of shipping finance are formulated as follows.

1. Special incentives for ship finance leasing

(1) Reward objects and standards

For the city's financial leasing companies and financial leasing companies (including sub-project companies), provide financial leasing services for ships belonging to the city's shipping companies (ordinary cargo ships with a deadweight of more than 10,000 tons, and other professional transport ships with a single ship of 5,000 tons or more) (including financial leasing and operating leasing), rewards will be based on 2% of the total amount of financing for a period of more than one year, and the reward amount for single-ship financial leases will not exceed 600,000 yuan. The reward amount will be allocated in three years according to 40%, 30% and 30%.

Among the types of ships referred to in these Measures, ordinary cargo ships include: container cargo ships, multi-purpose cargo ships, general cargo ships, bulk cargo ships, general dry cargo ships (dry cargo ships), etc., except for sand ships; other professional transport ships include: oil tankers (including asphalt tanker), chemical tanker, liquefied gas tanker, timber tanker, refrigerated tanker, etc.

(2) Application materials

1. Application Form for Incentive Funds for Ship Financial Leasing (Appendix 1);

2. A scanned copy of the industrial and commercial business license of the financial leasing company or financial leasing company (including the subordinate project companies) or a business license loaded with a unified social credit code;

3. A scanned copy of the lessee's industrial and commercial business license or a business license loaded with a unified social credit code;

4. Provide scanned copies of relevant ship financial leasing contracts, rent invoices, interest payment certificates, or rent payment certificates of the lessee;

5. "Certificate of Ownership", "Bare Charter Certificate", "Nationality Certificate", "Ship Business Transport Certificate" or "Certificate of International Maritime Transport Ship Recording" (or international maritime transport ship record certification materials) of the leased ship;

6. Letter of Commitment for Reward Funding Materials (Appendix 4);

7. Other materials required by relevant departments.

(3) Application for redemption process

1. Financial leasing companies and financial leasing companies (including subsidized project companies) should submit application materials to the financial bureaus of their districts (excluding Binhai New Area) and development zones before the end of March each year. The District (excluding Binhai New Area) and Development Zone Finance Bureau will confirm the application materials, and report the application materials and confirmation opinions to the Municipal Finance Bureau.

2. Municipal Bureau of Finance confirms the application materials submitted by financial leasing companies (including subordinate project companies); Municipal Bureau of Finance requests Tianjin Banking and Insurance Regulatory Bureau to confirm the application materials submitted by financial leasing companies (including subordinate project companies) For confirmation, the Tianjin Banking and Insurance Regulatory Bureau will reply to the Municipal Finance Bureau with a letter of confirmation opinion.

3. The Municipal Finance Bureau will publicize the list of institutions to be rewarded for 5 working days, and submit a fund appropriation application to the Municipal Finance Bureau, and the Municipal Finance Bureau will organize the fund allocation according to the procedures.

2. Special rewards for cross-border RMB settlement

(1) Reward objects and standards

For the top 20 banks and payment institutions in the city's current account cross-border RMB settlement volume, rewards will be given based on the standard of 2/10,000 increase in settlement business compared with the previous year, and each institution will not exceed 600,000 yuan.

(2) Application materials

1. Application Form for Cross-border RMB Settlement Incentive Funds (Appendix 2);

2. A scanned copy of the industrial and commercial business license or a business license loaded with a unified social credit code;

3. Letter of Commitment for Reward Funding Materials (Appendix 4);

4. Other materials required by relevant departments.

(3) Application for redemption process

1. Banks and payment institutions should submit application materials to the Municipal Financial Bureau before the end of March each year.

2. The Municipal Finance Bureau requests the Tianjin Branch of the People's Bank of China to confirm the application materials submitted by the bank and the payment institution, and the Tianjin Branch of the People's Bank of China will reply to the Municipal Finance Bureau with a confirmation letter.

3. The Municipal Finance Bureau will publicize the list of institutions to be rewarded for 5 working days, and submit a fund appropriation application to the Municipal Finance Bureau, and the Municipal Finance Bureau will organize the fund allocation according to the procedures.

3. Special rewards for shipping financial derivatives

Support financial institutions in innovating shipping financial derivatives products and services, and participate in the selection of financial service real economy innovation cases in Tianjin, and those who win the third prize (including) will follow the "Policy on Supporting the Development of Financial Institutions and Financial Talents in Tianjin" Measures" (Jinzhengbanfa [2018] No. 66) to apply for relevant regulations.

4. Special rewards for shipping insurance

(1) Reward objects and standards

For insurance agencies in our city, based on the premium income of ship insurance completed in the previous year, the incremental premium of ship insurance exceeding the benchmark will be rewarded at 6%. The premium income of cargo insurance completed in the previous year will be used as the benchmark. The incremental insurance premium will be rewarded at 3%, and the total reward amount for ship insurance and cargo insurance of each insurance institution shall not exceed 2 million yuan.

The types of insurance specially rewarded for shipping insurance include: ship insurance (including ocean-going ship insurance, coastal and inland water ship insurance, ship construction insurance, etc.), cargo insurance (including import and export cargo insurance including overseas cargo insurance, domestic cargo transportation insurance, etc.). If the above types of insurance are tax-free, they are not within the scope of the reward.

(2) Application materials

1. Application Form for Marine Insurance Incentive Funds (Appendix 3);

2. A scanned copy of the industrial and commercial business license or a business license loaded with a unified social credit code;

3. Letter of Commitment for Reward Funding Materials (Appendix 4);

4. Other materials required by relevant departments.

(3) Application for redemption process

1. All insurance institutions should submit application materials to the Municipal Financial Bureau before the end of March each year.

2. The Municipal Financial Bureau will request the Tianjin Banking and Insurance Regulatory Bureau to confirm the application materials submitted by each insurance institution, and the Tianjin Banking and Insurance Regulatory Bureau will reply to the Municipal Financial Bureau with a confirmation letter.

3. The Municipal Finance Bureau will publicize the list of institutions to be rewarded for 5 working days, and submit a fund appropriation application to the Municipal Finance Bureau, and the Municipal Finance Bureau will organize the fund allocation according to the procedures.

5. Relevant requirements

The applicant unit should carefully follow these measures and the requirements of the relevant notices, and cooperate with the relevant units to carry out the application work on time. The application materials are numbered in sequence, stamped with the official seal, and bound into a volume. Failure to apply or make corrections as required within the time limit shall be deemed as abandonment of the application. The applicant unit is responsible for the authenticity, completeness and reliability of the application materials and data. For institutions that practice fraud during the application process, once verified, their application qualifications will be cancelled, the reward funds will be recovered in full, and they will be dealt with in accordance with relevant national and local laws and regulations.

These detailed rules will come into force on the date of issuance and will be valid until December 31, 2027. From January 1, 2023 to the date of issuance of these detailed rules, in principle, refer to these detailed rules for implementation. In case of adjustments and changes in laws, regulations or relevant policies within the validity period, the regulations shall be followed. These reward rules and other relevant policies are not to be enjoyed repeatedly.

6. Supplementary Provisions

The Municipal Bureau of Finance, the Tianjin Branch of the People's Bank of China, the Tianjin Banking and Insurance Regulatory Bureau, and the Municipal Finance Bureau are responsible for interpretation according to their respective responsibilities.