ANNOUNCEMENT 09 Jun 2017

June 9th, 2017 - The Provincial Government of China's Zhejiang province releases its local iteration of the State Council's Announcement No.5/2017, calling for more foreign investment in the region. Zhejiang promises tax breaks and increased ease of access to the market for foreign firms wishing to open businesses in the region, in particular, banks.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Zhejiang Provincial Government, June 9th, 2017. (浙江省人民政府关于扩大对外开放积极利用外资的实施意见)
http://www.zj.gov.cn/art/2017/6/9/art_32431_293097.html

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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A