General

The State Council issued the "Package of Policies and Measures for Solidly Stabilizing the Economy" recently, which clearly requires "speeding up the promotion of major foreign investment projects and actively attracting foreign investment".

After the introduction of the package of policies, various localities responded positively and issued policies for stabilizing foreign investment based on local work, in order to maximize the effectiveness of the policies to stabilize growth.

The 45 relevant measures issued by Beijing support foreign-invested R&D centers registered in specific areas of the Zhongguancun National Independent Innovation Demonstration Zone to enjoy technology transfer income tax concessions in accordance with relevant regulations, and build a comprehensive service management platform for foreigners to integrate foreigners’ work permits in China Work and residence permit business for foreigners.

Sichuan clearly stated in the "Several Policies and Measures for Solidly Stabilizing Economic Growth" that it will promote the accelerated implementation of a number of major foreign-funded projects, and implement policies such as tariff reduction and exemption for encouraged foreign-funded projects and corporate income tax for the Western Development. Establish a provincial-level coordination mechanism for foreign investment, and open up a "green channel" in terms of land use, energy consumption, environmental protection and other elements and indicators for qualified foreign investment projects with a total investment of more than 30 million US dollars. Support qualified foreign investors to set up local financial organizations such as financial leasing and commercial factoring in Sichuan.

On the one hand, the policy is intensively introduced, and on the other hand, the policy is promoted to effectively protect the rights and interests of foreign companies.

Following the promulgation of the "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization" to stabilize the development expectations of foreign-funded enterprises, the Shanghai Commerce Commission held three government-enterprise communication roundtables in just one week. European enterprises "screen to screen", understand the relevant demands of enterprises, increase the strength of enterprise services and guarantees, and further strengthen the confidence of foreign-funded enterprises to develop in Shanghai.

Zong Ming, deputy mayor of Shanghai, said that the fundamentals of Shanghai's economic development have not changed, and the long-term positive trend of Shanghai's economy has not changed. "We will speed up the resumption of work, production, business, and the market, so that the city can return to normal and return to fireworks as soon as possible; speed up the implementation of various measures to stabilize economic development and benefit enterprises as soon as possible; speed up the pace of opening to the outside world, and strive for a more vigorous opening stress test as soon as possible. ."