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Haikou Jiangdong New Area
Local

Haikou Jiangdong New Area draws up manual to attract foreign investment

June 16, 2020


Abstract : Guided by the master plan for the Hainan free trade port, Haikou Jiangdong New Area has drawn up a manual for investors, which focuses on key areas such as headquarters economy, aviation maintenance, bonded aviation fuel, modern finance, financial leasing and cross-border commerce.

BEIJING, June 16 (Xinhua) -- Guided by the master plan for the Hainan free trade port, Haikou Jiangdong New Area has drawn up a manual for investors, which focuses on key areas such as headquarters economy, aviation maintenance, bonded aviation fuel, modern finance, financial leasing and cross-border commerce.

Representatives of enterprises established by overseas Chinese say that the introduction of the policies, including the 15-percent individual income tax ceiling for talents and 15-percent corporate income tax upper limit in encouraged industries, as well as the exemption of enterprise income tax for new overseas direct investment by enterprises in tourism, modern service industries and high-tech industries by 2025, is very conducive to foreign investment.

"We will leverage the policy in the master plan to allow the refueling of bonded aviation fuel for flights in and out of Hainan, step up efforts to attract foreign-invested enterprises to carry out bonded aviation fuel business in Jiangdong New Area, and keep track of business layout and needs of key enterprises," said an official of Jiangdong New Area.

Jiangdong has contacted 44 key aircraft maintenance enterprises to take advantage of the trials of the Fifth Freedom and Seventh Freedom of the Air in the free trade port and has brought in Mapletree Investments Pte Ltd of Singapore to carry out logistics and aviation maintenance business.

It will also accelerate implementation of the key projects of a number of enterprises such as China Metallurgical Group, China Railway Group and Shimao Group, etc. (Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)

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Keyword: Jiangdong New Area

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