CCTV News: Since the resumption of production and production, how to improve the business environment, stabilize foreign investment and promote development, all regions are taking active measures. In Shanghai, the dividends and confidence brought by tax and fee reductions are constantly being transformed into the willingness of foreign investors to increase investment.

  Against the backdrop of the current epidemic of global wars, despite the uncertainties facing the world economy, increasing investment in China has become the choice of a group of top international financial institutions. In the Shanghai Lujiazui Financial City, BNP Paribas has just completed a capital increase of 380 million yuan, making them meet the conditions for applying to become a custodian bank for qualified foreign institutional investors.

  According to regulations, foreign investors' profits from resident enterprises in China can be exempted from corporate income tax during the investment period if they are used to increase direct investment in China. Foreign-invested projects that are not on the negative list can enjoy this policy.

  The Continental Group from Germany invested and expanded projects in Shanghai, which also reduced or exempted 10 million yuan in corporate income tax through this policy. After completion, it will be the first to introduce Industry 4.0 and humanoid robots, becoming one of Continental's most advanced logistics centers in the world.

  Ozaid admitted that the tax savings would also be directly converted into reinvested funds. From production to research and development, the German company will continue to upgrade energy levels in Shanghai.

  From January to April this year, a total of 20 foreign-funded enterprises enjoying the preferential treatment in Shanghai involved 208 million yuan in taxes and promoted a reinvestment of 2.08 billion yuan in dividends.

  In the first quarter of this year, Shanghai actually received US$4.669 billion in foreign capital, a year-on-year increase of 4.5%. It added 10 new corporate headquarters for multinational companies and 5 foreign-invested R&D centers.