国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Policy Watch

Shanghai policies woo multinational headquarters

(Xinhua) Updated: 2012-10-12 16:33

SHANGHAI -- Shanghai has issued a package of new policies, including subsidies and duty exemptions, to encourage more multinational corporate headquarters and R&D centers to set up shop in the financial hub of China.

New regional multinational headquarters in Shanghai will be able to receive a launch subsidy of 8 million yuan ($1.27 million) in three years, while foreign R&D centers will enjoy duty-free imports of facilities and equipment for their own use, according to the new policies.

The new policies are intended to encourage foreign-funded companies to divert their management and innovation resources to China in order to transform the local economy amid global recession, said Wang Xinpei, deputy director of the city's commerce commission.

The regional headquarters of investment companies that have a turnover surpassing 1 billion yuan will get a one-off reward of 5 million yuan, according to the new policies.

The package also extends long-term residency to senior foreign executives and department managers at corporate firms that have a registration fund of no less than $3 million.

Previously, only foreign staff at the headquarters could enjoy long-term residency, which lasts for a maximum of five years.

The headquarters can also enjoy preferential financial policies, such as convenience in cross-border use of the yuan, with simplified procedures for businesses under the yuan current account.

The headquarters of multinationals are also encouraged to establish yuan settlement centers for overseas business in Shanghai.

By the end of September, Shanghai had 393 regional multinational headquarters and 349 foreign-funded R&D centers, the most of any city on the Chinese mainland.

The city attracted $15.68 billion in contractual foreign investment in the first eight months of the year, with $10.64 billion already in actual use, a rise of 13.8 percent and 20.2 percent, respectively, from a year earlier.

Hot Topics

Editor's Picks
...
德州市| 铁岭县| 普陀区| 宁明县| 光山县| 青田县| 伊吾县| 兴宁市| 兴城市| 三原县| 宁津县| 磐石市| 旬邑县| 漳浦县| 庄浪县| 乳山市| 南涧| 光山县| 饶阳县| 惠州市| 盘锦市| 天柱县| 辽宁省| 阳江市| 北辰区| 瑞昌市| 万山特区| 宿迁市| 枣阳市| 楚雄市| 军事| 长兴县| 廉江市| 临泽县| 曲阳县| 尤溪县| 武陟县| 泸州市| 吴堡县| 新营市| 和顺县|