es for
the development of high and new technologies, import duty shall be
exempted by the customs when approval document of the examination and
approval authority are examined and verified by the customs.
When the customs seem necessary, it may set up offices or station
supervision and administration group in the high technology and new
technology development zones to administer the import and export of
goods.
Article 5 Provisions concerning import and export business.
(1) When approved by MOFERT, technology import and export companies may
be established in the high and new technology industry development zones
so as to promote the high and new technology products to enter into
international market.
(2) Pursuant to relevant provisions of the State, those high and new
technology enterprises that have a good record of conducting import and
export business shall be granted rights to engage in foreign trade. When
necessitated by business operation and approved by relevant department,
high and new technology enterprises may open branches and subsidiaries
abroad.
Article 6 Provisions on funding and credits.
(1) The banks shall provide active support to the high and new
technology enterprises, and shall endeavor to arrange funds needed in
their development, production and construction.
(2) The banks may arrange the issuance of long-term bonds within certain
quota by the high technology and new technology development zones so as
to raise funds from the society and support the development of high and
new technology industry.
(3) Relevant departments may establish venture capital funds in the high
technology and new technology industry development zones, which shall be
used to develop high risk high and new technology products. In the more
matured high technology and new technology industry development zones,
venture capital companies may be set up.
Article 7 Capital construction project for the production and operation
of the high and new technology enterprise shall be arranged for
construction according to uniform planning, and shall be given priority
in having the same included in local fixed asset investment scale.
Article 8 When approved by local people's government, high and new
technology enterprises may be exempted from subscribing the bonds for
State Key Construction.
Article 9 If all the indicators of the high and new technology products
developed by the high and new technology enterprises have reached the
level of the imported products of the same kind, and the high and new
technology enterprises posses certain production capacity, then after
the review and determination by the State Science Commission and
relevant department, such product shall be included in restrictive
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