BEIJING, June 8 (Xinhua) -- Haikou, capital city of China's southernmost Hainan province, has introduced a set of preferential policies to attract global conglomerates and boost the development of its headquarters economy.
The move, targeting Fortune Global 500 companies, leading industrial conglomerates and internationally well-known enterprises and organizations, is an initial step to encourage growth of a headquarters economy in Haikou.
Under the preferential policies, a transnational corporation will get 3 million yuan (470,000 U.S. dollars) as a reward for establishing its headquarters or regional headquarters in Haikou, and for an international organization, the reward is 2 million yuan.
(Source: China Daily)
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