NETDA sets out new dividend policies

The first batch of policies relating to local enterprises enjoying liberalized dividend policies without the standard applications procedure were recently launched by the Nantong Economic & Technological Development Area, or the NETDA – located in the city of Nantong, in East China's Jiangsu province – according to local media reports on Dec 7. 

The policies are said to relate to the authentication of local hi-tech enterprises. They also relate to the construction of platforms for business developments, the application of intellectual property patents and evaluations of new local enterprises – providing stronger support for innovation and the development of local enterprises.

"We learned about the policies long ago, but we were busy with our R&D and production, so there was no time to apply for them," said Li Pengliang, an executive of a local company.

"Unexpectedly, at the beginning of December this year, 250,000 yuan ($39,391) of dividend funds arrived in our company's account," Li added.