Fuzhou boosts efforts to attract foreign investment

Industrial parks of the China-Indonesia "Two Counties, Twin Parks" project in Fuzhou. [Photo by Lin Shuangwei/FZ News]

Fuzhou recently launched several measures to optimize the foreign investment environment further and attract more foreign investment, with eligible enterprises now able to receive rewards of up to 10 million yuan ($1.38 million) annually.

The measures, which consist of 19 specific initiatives in eight categories, will see Fuzhou step up efforts to attract major foreign investment projects, ensure equal treatment for foreign-invested enterprises by the law, and continuously strengthen the protection of foreign investment.

In order to attract more major foreign investment projects, Fuzhou will focus on the development layout of 16 key industrial chains, eliminating foreign investment access restrictions in the manufacturing sector, planning for the introduction of more significant foreign manufacturing projects, and promoting the supplementation, strengthening, and extension of industrial chains.

To ensure fair treatment for foreign-invested enterprises, Fuzhou has introduced policies to support industrial development and stimulate domestic demand. Unreasonable conditions that restrict, exclude, or discriminate against foreign-invested enterprises and their products and services are strictly prohibited.

To enhance the ease of investment operations, foreign-invested enterprises can hire and recommend qualified foreign senior management and technical personnel to apply for permanent residence in China.

Furthermore, there are also lucrative financial incentives with a maximum reward of 10 million yuan per enterprise per year for foreign-invested enterprises that effectively conduct business in Fuzhou.