IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

FDI: Financial incentive

On the 9th of June 2017, the provincial government in Zhejiang announced its full support of the State Council's January push for more foreign investment. The government mentions it will be seeking financial firms and institutions to come to the region, in particular, foreign banks. Such firms will be eligible for:

  • tax breaks;
  • a streamlined bureaucratic process for setting up business;
  • guarantees of protection of foreign intellectual property;
  • access to public-private partnership;
  • foreign currency financing;
  • R&D investment;
  • streamlined access to visas for senior foreign personnel.

AFFECTED COUNTRIES

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