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外 Waitan Ludi Policy Terminal China industrial-policy monitor · updated 2026-10-25
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Programme evidence / Firm case studies

Intervention dossiers: intensity, procurement, equity and unresolved stages

Follow the intervention to the firm

Three programmes · twelve firms · evidence reviewed 23 October 2026.

A purposive sample tests what each document establishes. These cases do not estimate sector-wide support or prove policy effects. No selected firm has verified cash receipt for these specific awards.

Download evidence ledger CSV

Shanghai charging: consultation reconciled to an issued allocation

Reviewed 2026-10-24 · Programme allocation issued; firm payments unresolved.

The order signed 8 July 2025 and published 10 July matches the June consultation's four support components and periods. All four original detail tables were re-summed. The combined proposal total is 568,549,591.85 yuan; the issued allocation is 56854.959185 万元. Difference: 0 yuan. This is the same support at a later administrative stage, not an additional amount.

Consultation componentRechecked total, yuan
Basic energy support164,400,689.45
Star-rating energy support338,101,168.20
Taxi support59,047,734.20
Municipal platform7,000,000.00

June consultation · July allocation order · Original allocation annex · Saved order and original text

Evidence and matching limits

5.按照《上海市鼓励电动汽车充换电设施发展扶持办法》（沪发改规范〔2025〕3号）规定，安排经审核通过的2024年电动汽车充换电设施度电基本补贴、星级度电补贴、2024年四季度至2025年一季度电动出租车充换电补贴及2024年市级平台补贴资金，由市节能减排专项资金安排56854.959185万元。

请根据上述资金安排计划向市财政局申请拨付资金，并严格按照相关管理办法和实施细则的规定，合理规范使用各项资金，确保资金使用的公开、公正和公平，进一步提高资金使用效率。

Same four components and supported periods; exact total after yuan/万元 conversion. Administrative source family, not independent payment confirmation.

Aggregate programme match. No firm-level final schedule, bank receipt or taxi pass-through evidence obtained. Original firm rows remain proposals. Amount is not additional support to add to consultation totals.

The order instructs departments to apply for disbursement. It does not confirm bank receipt, a final award to each named firm, or taxi-user pass-through. Original consultation firm rows retain their proposal status.

Guangdong: advances, offsets and net allocations

The later reconciliation carries earlier gross advances forward. Net allocations and negative adjustments must remain separate from cash receipts.

Budget allocation; receipt unresolved · Programme sources and search history

广汽乘用车有限公司: 38041 万元 appears as an earlier gross advance and later pending offset. Reconciled across administrative records; this is not independent confirmation of payment.
广汽丰田汽车有限公司: 3766 万元 appears as an earlier gross advance and later pending offset. Reconciled across administrative records; this is not independent confirmation of payment.
珠海广通汽车有限公司: 9463 万元 appears as an earlier gross advance and later pending offset. Reconciled across administrative records; this is not independent confirmation of payment.
肇庆小鹏新能源投资有限公司: 17570 万元 appears as an earlier gross advance and later pending offset. Reconciled across administrative records; this is not independent confirmation of payment.

广汽本田汽车有限公司

Manufacturer · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2021 and earlier settlement / advance adjustment
1888 万元
allocation		Original annex A50531
2021年及以前年度补助清算资金
Single-source observation · cash unresolved
Exact recorded row2 广汽本田汽车有限公司 1888 1888
2022 settlement claims
2022 subsidy settlement net budget allocation		4735 万元
allocation		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=5 row 1
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 3, page 5, row 1: 广汽本田汽车有限公司; gross approved 7302万元; prior advance offset 2567万元; net budget allocation 4735万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.

广汽乘用车有限公司

Manufacturer · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2021 and earlier settlement / advance adjustment
0 万元
allocation		Original annex A50531
2021年及以前年度补助清算资金
Single-source observation · cash unresolved
Exact recorded row3 广汽乘用车有限公司 11988 38041 11988 0
2021 and earlier settlement / advance adjustment
19845 万元
advance_adjustment		Original annex A50531
已推广但未完成清算车辆补助资金预拨
Single-source observation · cash unresolved
Exact recorded row2 广汽乘用车有限公司 45898 26053 19845
2022 settlement claims
2022 subsidy settlement net budget allocation		98893 万元
allocation		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=5 row 2
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 3, page 5, row 2: 广汽乘用车有限公司; gross approved 206635万元; prior advance offset 107742万元; net budget allocation 98893万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.
Previously promoted vehicles awaiting settlement; vehicle year not specified
Outstanding vehicle claims: net advance after offset		38041 万元
advance_adjustment		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=6 row 3
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 4, page 6, row 3: 广汽乘用车有限公司; gross approved 38041万元; prior advance offset 0万元; net budget allocation 38041万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.

广汽丰田汽车有限公司

Manufacturer · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2021 and earlier settlement / advance adjustment
0 万元
allocation		Original annex A50531
2021年及以前年度补助清算资金
Single-source observation · cash unresolved
Exact recorded row4 广汽丰田汽车有限公司 2305 3766 2305 0
2021 and earlier settlement / advance adjustment
-1461 万元
recovery		Original annex A50531
已推广但未完成清算车辆补助资金预拨
Single-source observation · cash unresolved
Exact recorded row广州 1 广汽丰田汽车有限公司 1461 -1461
Previously promoted vehicles awaiting settlement; vehicle year not specified
Outstanding vehicle claims: net advance after offset		968 万元
advance_adjustment		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=6 row 2
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 4, page 6, row 2: 广汽丰田汽车有限公司; gross approved 3766万元; prior advance offset 2798万元; net budget allocation 968万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.

珠海广通汽车有限公司

Manufacturer · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2021 and earlier settlement / advance adjustment
0 万元
allocation		Original annex A50531
2021年及以前年度补助清算资金
Single-source observation · cash unresolved
Exact recorded row9 珠海广通汽车有限公司 3732 9463 3732 0
2021 and earlier settlement / advance adjustment
-4646 万元
recovery		Original annex A50531
已推广但未完成清算车辆补助资金预拨
Single-source observation · cash unresolved
Exact recorded row珠海 3 珠海广通汽车有限公司 1085 5731 -4646
Previously promoted vehicles awaiting settlement; vehicle year not specified
Outstanding vehicle claims: net advance after offset		8424 万元
advance_adjustment		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=6 row 4
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 4, page 6, row 4: 珠海广通汽车有限公司; gross approved 9463万元; prior advance offset 1039万元; net budget allocation 8424万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.

肇庆小鹏新能源投资有限公司

Manufacturer · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2021 and earlier settlement / advance adjustment
0 万元
allocation		Original annex A50531
2021年及以前年度补助清算资金
Single-source observation · cash unresolved
Exact recorded row肇庆 12 肇庆小鹏新能源投资有限公司 5579 17570 5579 0
2021 and earlier settlement / advance adjustment
-1004 万元
recovery		Original annex A50531
已推广但未完成清算车辆补助资金预拨
Single-source observation · cash unresolved
Exact recorded row肇庆 5 肇庆小鹏新能源投资有限公司 10987 11991 -1004
2022 settlement claims
2022 subsidy settlement net budget allocation		62921 万元
allocation		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=5 row 3
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 3, page 5, row 3: 肇庆小鹏新能源投资有限公司; gross approved 120970万元; prior advance offset 58049万元; net budget allocation 62921万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.
Previously promoted vehicles awaiting settlement; vehicle year not specified
Outstanding vehicle claims: net advance after offset		17570 万元
advance_adjustment		Original annex A50653
https://czj.gz.gov.cn/attachment/7/7610/7610231/9673724.pdf#page=6 row 6
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF annex 4, page 6, row 6: 肇庆小鹏新能源投资有限公司; gross approved 17570万元; prior advance offset 0万元; net budget allocation 17570万元. Visually checked; gross minus offset reconciles to net. Budget order, not bank receipt.

Shanghai: charging support and the recipient’s role

The annex separates energy, star-rating, taxi and platform support. Operators and the public-service platform perform different roles; taxi support may benefit drivers.

Reviewed proposals; final award unresolved · Programme sources and search history

上海上汽安悦充电科技有限公司

Listed charging-support applicant · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2024; reviewed applications published for comment June 2025
Basic energy subsidy		2764087.6500 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=1&row=9
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 1, XML rows 9–11; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "21270251", "rate": "0.05", "amount": "1063512.55", "source_cells": ["3", "上海上汽安悦充电科技有限公司", "专用充电设施", "21270251", "0.05", "1063512.55"]}, {"quantity": "17005751", "rate": "0.1", "amount": "1700575.1", "source_cells": ["", "", "公用充电设施", "17005751", "0.1", "1700575.1"]}]
2024; reviewed applications published for comment June 2025
Star-rating energy subsidy		3240387.3000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=2&row=9
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 2, XML rows 9–13; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "0", "rate": "0.1", "amount": "0", "source_cells": ["2", "上海上汽安悦充电科技有限公司", "专用充电设施", "二星级", "0", "0.1", "0"]}, {"quantity": "0", "rate": "0.2", "amount": "0", "source_cells": ["", "", "", "三星级", "0", "0.2", "0"]}, {"quantity": "10801291", "rate": "0.3", "amount": "3240387.3", "source_cells": ["", "", "公用充电设施", "二星级", "10801291", "0.3", "3240387.3"]}, {"quantity": "0", "rate": "0.6", "amount": "0", "source_cells": ["", "", "", "三星级", "0", "0.6", "0"]}]
2024 Q4–2025 Q1; reviewed applications published for comment June 2025
Taxi charging/swapping subsidy; 充电电量		1116123.2000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=3&row=280
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 3, XML rows 280–280; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"source_cells": ["279", "上海上汽安悦充电科技有限公司", "2790308", "1116123.2", "充电电量"], "amount": "1116123.2"}]

万帮之星新能源科技（上海）有限公司

Listed charging-support applicant · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2024; reviewed applications published for comment June 2025
Basic energy subsidy		13866197.6000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=1&row=39
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 1, XML rows 39–41; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "7954190", "rate": "0.05", "amount": "397709.5", "source_cells": ["13", "万帮之星新能源科技（上海）有限公司", "专用充电设施", "7954190", "0.05", "397709.5"]}, {"quantity": "134684881", "rate": "0.1", "amount": "13468488.1", "source_cells": ["", "", "公用充电设施", "134684881", "0.1", "13468488.1"]}]
2024; reviewed applications published for comment June 2025
Star-rating energy subsidy		45673176 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=2&row=39
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 2, XML rows 39–43; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "0", "rate": "0.1", "amount": "0", "source_cells": ["8", "万帮之星新能源科技（上海）有限公司", "专用充电设施", "二星级", "0", "0.1", "0"]}, {"quantity": "0", "rate": "0.2", "amount": "0", "source_cells": ["", "", "", "三星级", "0", "0.2", "0"]}, {"quantity": "65284288", "rate": "0.3", "amount": "19585286.4", "source_cells": ["", "", "公用充电设施", "二星级", "65284288", "0.3", "19585286.4"]}, {"quantity": "43479816", "rate": "0.6", "amount": "26087889.6", "source_cells": ["", "", "", "三星级", "43479816", "0.6", "26087889.6"]}]
2024 Q4–2025 Q1; reviewed applications published for comment June 2025
Taxi charging/swapping subsidy; 充电电量		5133269.6000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=3&row=407
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 3, XML rows 407–407; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"source_cells": ["406", "万帮之星新能源科技（上海）有限公司", "12833174", "5133269.6", "充电电量"], "amount": "5133269.6"}]

上海特来电新能源有限公司

Listed charging-support applicant · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2024; reviewed applications published for comment June 2025
Basic energy subsidy		22737494.3500 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=1&row=63
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 1, XML rows 63–65; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "52502131", "rate": "0.05", "amount": "2625106.55", "source_cells": ["21", "上海特来电新能源有限公司", "专用充电设施", "52502131", "0.05", "2625106.55"]}, {"quantity": "201123878", "rate": "0.1", "amount": "20112387.8", "source_cells": ["", "", "公用充电设施", "201123878", "0.1", "20112387.8"]}]
2024; reviewed applications published for comment June 2025
Star-rating energy subsidy		55820090.4000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=2&row=64
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 2, XML rows 64–68; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"quantity": "0", "rate": "0.1", "amount": "0", "source_cells": ["13", "上海特来电新能源有限公司", "专用充电设施", "二星级", "0", "0.1", "0"]}, {"quantity": "0", "rate": "0.2", "amount": "0", "source_cells": ["", "", "", "三星级", "0", "0.2", "0"]}, {"quantity": "93118884", "rate": "0.3", "amount": "27935665.2", "source_cells": ["", "", "公用充电设施", "二星级", "93118884", "0.3", "27935665.2"]}, {"quantity": "46474042", "rate": "0.6", "amount": "27884425.2", "source_cells": ["", "", "", "三星级", "46474042", "0.6", "27884425.2"]}]
2024 Q4–2025 Q1; reviewed applications published for comment June 2025
Taxi charging/swapping subsidy; 充电电量		7379575.2000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=3&row=301
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 3, XML rows 301–301; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"source_cells": ["300", "上海特来电新能源有限公司", "18448938", "7379575.2", "充电电量"], "amount": "7379575.2"}]

上海电器科学研究所（集团）有限公司

Municipal platform applicant · Exact legal name in annex; USCC not established. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2024; reviewed applications published for comment June 2025
Municipal platform subsidy		7000000 元
proposed		Original annex A50651
https://fgw.sh.gov.cn/cmsres/14/14763a68fed347bda3e1f4333beaa439/c9a6ee90f5d43732e3f6cf4dcaa8493c.docx#table=4&row=2
Single-source observation · cash unresolved
Exact recorded rowOriginal DOCX table 4, XML rows 2–2; firm/category subtotal only; equipment detail and all-table total excluded. Components: [{"source_cells": ["1", "上海电器科学研究所（集团）有限公司", "7000000.00"], "amount": "7000000.00"}]

Shenzhen: medical-device firms in a general technology scheme

Three named firms appear in a general technology-enterprise cultivation proposal. Sector membership does not make this a dedicated medical-device subsidy.

Reviewed proposals; payment unresolved · Programme sources and search history

达科为（深圳）医疗设备有限公司

Technology-enterprise applicant · USCC 914403003599600674; original annex p.2, row 26. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2023 first batch
General technology-enterprise cultivation grant; medical-device/equipment name subset		50 万元
proposed		Original annex A50654
https://stic.sz.gov.cn/attachment/1/1359/1359985/10861457.pdf#page=2 row 26
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF page 2, serial 26; ["26", "坪山区", "达科为（深圳）医疗设备有限公司", "914403003599600674", "50"]; unit 资助金额（万元）; table cells visually checked against original bytes.

为泰医疗器械（深圳）有限公司

Technology-enterprise applicant · USCC 91440300MA5G0FRT0Y; original annex p.6, row 132. Unresolved; no parent attribution.

Period / categoryAmount and source meaningEvidence and limits
2023 first batch
General technology-enterprise cultivation grant; medical-device/equipment name subset		60 万元
proposed		Original annex A50654
https://stic.sz.gov.cn/attachment/1/1359/1359985/10861457.pdf#page=6 row 132
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF page 6, serial 132; ["132", "坪山区", "为泰医疗器械（深圳）有限公司", "91440300MA5G0FRT0Y", "60"]; unit 资助金额（万元）; table cells visually checked against original bytes.

深圳市康冠医疗设备有限公司

Technology-enterprise applicant · USCC 91440300357861399N; original annex p.33, row 785. 2024 annual report: 康冠科技 reports a 51% interest (PDF p.208); 2023 proposal-date ownership unresolved.

Period / categoryAmount and source meaningEvidence and limits
2023 first batch
General technology-enterprise cultivation grant; medical-device/equipment name subset		30 万元
proposed		Original annex A50654
https://stic.sz.gov.cn/attachment/1/1359/1359985/10861457.pdf#page=33 row 785
Single-source observation · cash unresolved
Exact recorded rowOriginal PDF page 33, serial 785; ["785", "龙岗区", "深圳市康冠医疗设备有限公司", "91440300357861399N", "30"]; unit 资助金额（万元）; table cells visually checked against original bytes.

Company disclosure: tax treatment, ownership and financing

Ownership at the reporting date

Company reports a 51% interest in 深圳市康冠医疗设备有限公司 as of the 2024 reporting period.

Annual report · PDF p.208 / printed p.207 · Single-source company disclosure

Not proof of ownership at the September 2023 proposal date.

Corporate income tax

Company reports the subsidiary applied a 15% corporate income tax rate in 2024, citing certificate GR202344202015 valid 2023–2025.

Annual report · PDF p.172 / printed p.171 · Single-source company disclosure

Tax benefit amount is not disclosed; do not estimate savings from revenue or multiply a headline rate by profit.

Additional input-VAT credit

Company reports the subsidiary enjoyed the advanced-manufacturing additional 5% input-VAT credit in 2024.

Annual report · PDF p.171 / printed p.170 · Single-source company disclosure

A 5% addition to eligible input credit is not a 5% cash subsidy or a VAT rate.

Six-taxes/two-fees relief

Company reports the subsidiary enjoyed six-taxes/two-fees relief throughout 2024.

Annual report · PDF p.172 / printed p.171 · Single-source company disclosure

Tax benefit amount and subsidiary tax payment records unavailable.

Commercial financing context

Company reports a RMB10 million bank loan obtained on 25 September 2024, guaranteed by the parent.

Annual report · PDF p.190 / printed p.189 · Single-source company disclosure

Commercial financing context only. No evidence establishes a state guarantee, concessional terms or subsidy; principal is not a benefit amount.

What would close the gaps?

Final award orders, entity-specific remittance evidence, acceptance or audit findings, and company disclosures explicitly identifying the same scheme and period. Group-level government-grant income cannot establish receipt by a named subsidiary.

The search found a Shenzhen notice requesting payment materials for a similarly named high-tech-enterprise scheme. It is a different programme and was excluded. A second extraction reconciled the Shanghai totals and Guangdong gross/offset/net arithmetic; this was not an independent human audit.