ANNOUNCEMENT 04 Jun 2018
June 4th, 2018 - The Chinese government published a catalogue of firms eligible for insurance subsidies for 'large technical equipment'.
NUMBER OF INTERVENTIONS
PRC Ministry of Industry and Information Technology, June 4th, 2018 (2018年首台（套）重大技术装备保险补偿拟补助项目公示)
In June 2018, the Chinese Ministry of Industry and Information Technology published the third annual list of firms that would be receiving subsidies to fund insurance coverage for 'large technical equipment'.
The total amount of equipment covered was reduced to 372 items, from 468. Exact subsidy amounts were not listed.
To qualify for the subsidy, applicant firms must be Chinese, and the equipment must be essential to the 'current economic needs' of the PRC (this is not qualified). Coverage for foreign-made equipment can be acquired, as long as it is filling a gap in the 'technical capacity' of equipment offered domestically.