Hunan to Promote Investment
- October 19, 2017
- Posted by: Yolandy
- Category: Business
The Hunan Provincial Government recently published a Notice on Promoting and Attracting Investment which presented its new guidelines for investing, implementing national policies, and carrying out its strategy of ‘innovation-driven development’ and promoting Hunan via ‘opening up’.
There are 22 sections concerning four areas: new investment promotion measures; investment related policies; improving the investment environment; and strengthening organization and services.
Hunan government will encourage enterprises to invest in Hunan public service PPP (public-private-partnership) projects; encourage various levels of government to coordinate funds in support of major investment projects; and, encourage local governments to award or subsidize administrative and institutional urban construction fees for important industrial and innovation investment projects.
Priority will be given to guaranteeing essential production factors, such as water, electricity, and gas for key industrial projects; introducing more industrial parks to be included in the national pilot incremental distribution network; encouraging businesses in industrial parks to be involved in direct electricity transaction; and, providing proper logistics subsidies for important projects according to local situations.
It prioritizes providing land for the projects involved in the national Catalogue for the Guidance of Industries for Foreign Investment; the Catalogue for the Guidance of Advantage Industries for Foreign Investment (Hunan section); and, the Hunan Catalogue for the Guidance of Key Industries for Investment Promotion.
Foreign-funded enterprises are encouraged to be listed on the main board, small and medium-size enterprise board, growth enterprise board (GEB), and international board, according to laws and regulations. The listed enterprises will enjoy the similar preferential policies as domestic ones.