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Guangdong Dongguan drafts new policies to attract foreign investors

May 08, 2018


Abstract : Dongguan, a renowned manufacturing center of South China’s Guangdong Province, is drafting “10 articles on attracting foreign investment” to better serve foreign investors, according to a report on www.Chinanews.com.

BEIJING, May 8 (Xinhua) – Dongguan, a renowned manufacturing center of South China’s Guangdong Province, is drafting “10 articles on attracting foreign investment” to better serve foreign investors, according to a report on www.Chinanews.com.

The city just held a commerce work meeting, on which it planned to make new policies to attract, on an accelerating pace, a batch of advanced manufacturing projects and high-end service programs including service outsourcing and financial leasing ones.

Cai Kang, head of the Bureau of Commerce of Dongguan City, disclosed that Dongguan drafted the above-mentioned policies to provide more preferential policies for foreign investors and up to date, Dongguan has invited public opinions on the “10 articles on attracting foreign investment”.

This year, Dongguan will press ahead with the “ease-entrance” reform in attracting foreign investment, according to Cai.

Under the “ease-entrance” reform, the city intends to include establishment and record filing of foreign-funded enterprises into the reform of “integrating multiple certificates into one” and “endorsing one license with one code”.

Meanwhile, it would work on implementing to a deeper extent the newly-amended “Catalogue for the Guidance of Industries for Foreign Investment” of China and widen the scale of experimental opening up of service sector to enlarge market entrance for foreign investment, noted Cai.

Currently, there are about 11,000 foreign-funded enterprises from over 40 countries and regions in Dongguan and they contribute much to economic development of Dongguan. (Contributed by Duan Jing, duanjing@xinhua.org; edited by Zhang Aifang)

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Keyword: investment Guangdong foreign policies

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