Ministry of Finance: Further Enhance Authorization to Promote the Transformation of Scientific and Technological Achievements

category:Finance
 Ministry of Finance: Further Enhance Authorization to Promote the Transformation of Scientific and Technological Achievements


In order to implement the requirement of the reform of release and control clothing, further strengthen the authorization of state-owned assets management for the transformation of scientific and technological achievements in central research and development institutions and institutions of higher learning established by the state, implement the strategy of innovation-driven development, promote the transfer and transformation of scientific and technological achievements, and support scientific and technological innovation, the relevant matters are hereby notified as follows:

I. Strengthen the Authorization and Simplify the Management Procedure

(1) Research and development institutions at the central level and institutions of higher learning may decide on their own to transfer, license or make investment in scientific and technological achievements. They do not need to report to the competent authorities or the Ministry of Finance for approval or filing, except for those involving state secrets, national security and key core technologies. The transfer, licensing or pricing of scientific and technological achievements involving state secrets, national security and key core technologies shall be authorized by the competent departments of research and development institutions at the central level and institutions of higher learning to examine and approve them in accordance with the provisions of the states relevant confidentiality system, and the documents for approval shall be submitted to the Ministry of Finance for the record within 15 working days from the date of approval.

(2) Authorize the central research and development institutions and the competent departments of institutions of higher learning to handle such management matters as the transfer of state-owned shares, transfer without compensation or foreign investment in the pricing investment of scientific and technological achievements, and do not need to report to the Ministry of Finance for approval or filing. If the state-owned capital investment and operation company is included in the centralized and unified supervision, the company shall simplify the decision-making procedure of state-owned equity management formed by the investment of scientific and technological achievements in accordance with the authorization requirements for the transformation of scientific and technological achievements, and actively support the transformation of scientific and technological achievements and technological innovation.

(3) Authorize the competent departments of research and development institutions at the central level and institutions of higher learning to register the property rights of state-owned assets of enterprises established by investing in scientific and technological achievements without reporting to the Ministry of Finance for registration.

2. Optimizing the management of evaluation and clarifying the attribution of income

(4) Central-level research and development institutions and institutions of higher learning shall transfer, license or invest in scientific and technological achievements, and the unit shall decide on its own whether to carry out asset appraisal or not; if the scientific and technological achievements are priced by agreement, the name of the scientific and technological achievements and the proposed transaction price shall be publicized in the unit.

3. Implementing Subject Responsibility and Strengthening Supervision and Management

(6) research and development institutions at the central level and institutions of higher learning should follow the laws governing the transfer and transformation of scientific and technological achievements, improve the mechanism for the transformation of scientific and technological achievements, strengthen the management of scientific and technological achievements, standardize the procedures for the transformation of scientific and technological achievements, establish and improve the collective decision-making system of the leading group for major issues concerning the transformation of scientific and technological achievements, and improve the transformation efficiency of scientific and technological achievements. In the process of transforming scientific and technological achievements, those who dispose of state-owned assets at a low price through collusion, cheating and undercover operation shall be dealt with in accordance with the relevant provisions of the State.

(7) The competent departments of research and development institutions at the central level and institutions of higher learning should assume the main responsibility for the transformation of scientific and technological achievements into state-owned assets management, strengthen the management of investment in scientific and technological achievements to form state-owned equity, improve the management system, establish internal control and risk prevention and control mechanisms, and strengthen supervision and restraint. At the same time, we should strengthen the supervision over the independent transformation of scientific and technological achievements by central research and development institutions and institutions of higher learning, and implement the supervision responsibilities.

(8) the financial department shall strengthen the supervision over the management of state-owned assets related to the transformation of scientific and technological achievements, urge the improvement of the problems found, combine the management with the management, and achieve effective supervision.

(9) Local financial departments should take supporting the transfer and transformation of scientific and technological achievements and promoting scientific and technological innovation as their important responsibilities. In accordance with the spirit of this circular, and in light of the actual needs of economic development, industrial transformation and scientific and technological innovation in the region, they should formulate specific provisions to further improve the management system of state-owned assets of scientific and technological achievements.

(10) Encouraging local innovation, exploring management modes that conform to the characteristics of state-owned assets of scientific and technological achievements, giving full play to the supporting role of state-owned assets in the transfer and transformation of scientific and technological achievements, and supporting local governments in promoting the transfer and transformation of scientific and technological achievements.

This Notice shall come into force on the date of issuance.

Treasury Department

September 23, 2019

Source: Responsible Editor of the Ministry of Finance of the Peoples Republic of China: Chen Hequn_NB12679