Latest preferential policies for foreign investment and enterprises
To thoroughly act on the central government's important instructions on coordinating the COVID-19 epidemic control with economic and social development, Fujian has, with full implementation of the existing policies, taken further steps to boost foreign investment, help restore business operations, and deliver more tangible benefits to enterprises.
I. Encourage foreign-invested enterprises to resume work and production in an orderly way
a. Support FIEs (foreign-invested enterprises) and enterprises with investment from Taiwan, Hong Kong and Macao in implementing measures for epidemic prevention and control, and in preparing for a safe and orderly resumption of operations and production.
b. Identify the needs and concerns of FIEs and enterprises with investment from Taiwan, Hong Kong and Macao on business resumption and epidemic prevention, and help solve the difficulties of foreign employees in their daily lives or in seeking healthcare.
c. Adopt sector-specific measures and assist enterprises in procuring protective materials against the epidemic. Develop category-based schedules for the resumption of major foreign investment projects, and better coordinate factors of production such as land, labor, water and electricity supply to get projects started or back on track.
II. Ensure services for resumption of production in development zones
a. The administrative committees of development zones shall establish a liaison mechanism between the government and enterprises to follow through on the implementation of protective measures and provide assistance.
b. Priorities will be given to coordinate and guarantee the supply of raw materials and necessities to enterprises.
c. An employment service platform will be in place to help enterprises arrange for the return of employees from low-risk areas and recruit new workers.
III. Leverage online platforms to attract foreign investment
a. Encourage the use of online platforms like online CIFIT (China International Fair for Investment and Trade) to promote potential projects for foreign investment.
b. For each foreign investment agreement that is finalized through online collective signing activity in the first half of 2020 and has its investment in place in 2020, a appropriate reward will be granted to the investment promotion agency.
IV. Set up task forces for major foreign investment projects at the provincial, municipal and county levels
Provincial, municipal and county governments will identify prospective major foreign investment projects that are over $10 million and set up task forces to provide one-on-one services to facilitate the delivery of these projects.
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