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Shantou Overseas Chinese Pilot Zone Intends to Introduce Large Projects by Putting in Industrial Support and Incentive Funds to Develop New Types of Business
Date: 2020-06-28      Source: Shantou Daily

Recently, the provincial government has intensively introduced 24 "important" policies to support the high-quality development of the Shantou Overseas Chinese Pilot Zone. The pilot zone will concentrate on new economic projects and the emerging industries such as artificial intelligence, supply chain finance and e-commerce livestreaming, and dedicate to introduce a number of high-end and large-scale industrial projects.

The pilot zone plans to invest 30 million yuan in industrial support and incentive funds each year in order to provide strong policy support for introducing modern finance and attracting overseasChinese-funded enterprises to settle in the overseas Chinese pilot zone. Meanwhile, it has introduced special talent policies to attract and encourage outstanding enterprises including the overseas Chinese-funded ones and the high-end professionals to settle in the overseas Chinese pilot zone. It has completed in advance the element guarantee of the major projects in terms of water, electricity, gas, land, environmental impact assessment and so on, further reduced the approval items, shortened the processing time and decreased the tax burden of enterprises, thus creating a first-class business environment to ensure that the projects can be attracted and ready to settle down and give their full play. Additionally, the pilot area is actively exploring the use of artificial intelligence, 5G and other new information technologies to empower traditional industries, realize industrial transformation and upgrading, and make useful attempts to help enterprises in equity and debt financing, so as to help them with their financial problems.

  Source:Shantou Daily,June 28, 2020





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