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
...
柘荣县| 汉源县| 革吉县| 合作市| 革吉县| 金川县| 襄樊市| 分宜县| 白城市| 天祝| 民丰县| 泾川县| 延津县| 庄河市| 沙雅县| 耒阳市| 桦南县| 岳普湖县| 兴文县| 定陶县| 固原市| 巩义市| 合作市| 阜阳市| 金阳县| 七台河市| 喜德县| 吴江市| 安岳县| 高碑店市| 平江县| 环江| 黔江区| 九台市| 泸定县| 徐水县| 东阿县| 昌都县| 迁西县| 景德镇市| 锦屏县|