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Zhanjiang in South China's Guangdong province launched a series of supportive policies in August 2018, which will be effective until Dec 31, 2022.
These supportive policies are aimed at further expanding its opening up, making active use of foreign investment, and creating a favorable business environment.
Foreign enterprises are allowed to invest in emerging industries, such as bio-pharmaceuticals, ocean engineering equipment, ship building, fine chemical engineering, modern logistics, new energy, new materials, high-end equipment, high-end manufacturing, as well as high and new technology.
Zhanjiang also supports foreign investment in infrastructure projects covering transportation, water conservancy, and environment protection, as well as in participating in public service projects in healthcare, education, culture, and sports.
A reward of at least 2 percent of the annual actual foreign investment will be given to new projects (except for those in the real estate, financial, and pseudo-banking sectors; the same hereinafter) set up in Zhanjiang with an annual actual foreign investment (excluding foreign shareholder loans; the same hereinafter) between $10 million and $50 million, projects with an annual capital increase between $5 million and $30 million, and headquarters or regional headquarters of multinational companies with an annual actual foreign investment between $5 million and $10 million. The reward shall not exceed 5 million yuan ($706,509).
New projects set up in Zhanjiang with an annual actual foreign investment of more than $50 million will be given a reward that is equal to 10 percent of their provincial financial incentives, as well as projects with an annual capital increase of over $30 million, and headquarters or regional headquarters of multinational companies with an annual actual foreign investment of over $10 million. The maximum reward is 1 million yuan.
Foreign-invested enterprises registered in Zhanjiang are encouraged to be listed on the main boards, the Shenzhen SME (small and medium-sized enterprises) Board, or the GEM (growth enterprise market) of the Shenzhen Stock Exchange, as well as be listed abroad. Listed foreign-funded enterprises enjoy the same relevant incentive policies as domestic private enterprises.
Foreign enterprisesthat are identified as provincial new-type research and development institutions can receive city-level prizes besides the provincial financial incentives.
This English version is only for reference. To learn more, please refer to the authoritative Chinese version on the official website of the Zhanjiang commerce bureau.