The city of Ordos in North China's Inner Mongolia autonomous region held a press conference on June 28 to interpret the city's policies on supporting the development of cross-border e-commerce comprehensive pilot zones.

According to the conference, Ordos will set up special funds of 150 million yuan ($22.51 million) for developing cross-border e-commerce third-party platforms and industrial parks, conducting cross-border e-commerce trade, building cross-border e-commerce O2O (offline-to-online) experience stores, and encouraging enterprises to use export credit insurance.

Highlights of the newly-launched policies are as follows: 

For third-party platforms that meet the requirements, 2 percent of the platform's online transaction volume will be given in financial support, with a maximum of 5 million yuan for a single platform.

For cross-border e-commerce enterprises exporting local non-bulk products in Ordos, financial support equal to 10 percent of the transaction value will be given, with a maximum of 3 million yuan for a single enterprise.

Meanwhile, for cross-border e-commerce enterprises that meet the requirements, support equal to 30 percent of actual international logistics costs incurred each year will be given, with a maximum of 1 million yuan for a single enterprise.

Cross-border e-commerce enterprises will be given a 20 percent subsidy for export credit insurance costs, with a maximum of 500,000 yuan for a single enterprise.

Moreover, for enterprises whose exports have registered their own trademarks overseas and whose annual cross-border e-commerce transaction value exceeds 1 million yuan, a one-time financial award of up to 80 percent of the registration fee will be given, with a maximum of 300,000 yuan for a single enterprise.