The Zhejiang Administration for Market Regulation recently published data related to the province's market entities.
China has further downsized the 2021 negative lists for foreign investment, to expand high-level opening-up and facilitate high-quality economic development, the Ministry of Commerce and the National Development and Reform Commission said on Monday.
China issued more preferential policies to attract foreign investors to the bond market, including cutting taxes and easing foreign exchange regulations, to support the further opening-up of the financial sector, the central bank said.
Since the start of this year, foreign direct investment in China has reached a record high for the same period.
A total of 96 Zhejiang-based companies made the top 500 private-sector companies, the highest number among all Chinese provinces for the 23rd consecutive year.
A tax service and a series of tax incentives has reportedly been delivered impeccably and with great efficiency in the Jinyi New District – located in the city of Jinhua – further accelerating the drive to innovation and technological transformation of its resident companies.
In March, the Hangzhou branch of the People's Bank of China and the Zhejiang Administration for Market Regulation jointly launched the "loan code" online platform in service of Zhejiang's small and micro-sized companies and individual businesses.
At present, Jinhua city – in East China's East Zhejiang province – has formed 18 industrial clusters with an annual output value of more than 10 billion yuan ($1.55 billion) each.
