China News Service, Nanning, February 1 (Reporter Lin Hao) Yang Chunting, director of the Guangxi Investment Promotion Bureau, said on the 1st that as the frontier and window of China's opening-up and cooperation with ASEAN, Guangxi has launched a "big gift package" for attracting foreign investment to create a hot spot for foreign investment.
The Guangxi Investment Promotion Bureau announced a series of supporting policies to increase the level of foreign investment utilization on the same day, and decided to award up to 100 million yuan in rewards for newly introduced major projects of the state-encouraged foreign investment with an actual use of foreign capital of more than US$15 million per year. Indicators: For newly established foreign-invested enterprises with actual funds of more than US$5 million in place within half a year, the government of the place where the enterprise is registered will give a one-time reward of RMB 500,000.
In addition, for major foreign investment projects, high-tech enterprises, and headquarters enterprises, Guangxi will give project owners a one-time reward based on 1% of the actual investment funds in place in the year of the project, and the maximum reward fund for a single project will not exceed 30 million yuan.
Yang Chunting introduced that since last year, in the face of the impact of the epidemic, Guangxi has successively issued documents such as "On Further Strengthening Guangxi's Work Plan for Foreign Investment Promotion in 2020", "Guangxi's Hundred-Day Action Plan for Expanding the Utilization of Foreign Capital in 2020" and other documents, providing foreign-invested project agency and foreign-funded enterprise investment Complaint acceptance and other services, implement key special actions, and carry out work to stabilize foreign investment.
At the same time, the Guangxi Investment Promotion Department took the initiative to visit the door to publicize and interpret preferential policies and procedures for foreign investment, boost corporate investment confidence, and accelerate project capital increase.
Up to now, Guangxi has cashed in prizes of more than RMB 17.3 million, helping the development of 28 foreign-funded projects.
Various cities in Guangxi have also carried out various forms of use of foreign capital to tackle tough actions. Nanning coordinated to solve 388 foreign companies’ financing, resumption of work and production, and attracted a number of high-quality foreign investment projects such as the Temasek Holdings Integrated Logistics Industrial Park in Singapore and the smart supply chain of Yum! .
Wuzhou set up an investment promotion office in the Guangdong-Hong Kong-Macao Greater Bay Area, and coordinated and organized a group of outstanding young cadres to go to the Guangdong-Hong Kong-Macao Greater Bay Area to carry out resident and foreign investment promotion work; Beihai City signed a new contract to introduce Xinyi Solar (Hong Kong) Co., Ltd. Invest in the construction of major industrial projects such as the Beihai Hepu Baisha Xinyi 300MWp Fishing and Light Complementary Sightseeing Park project, and promote the major foreign-funded project Xinyi Solar Photovoltaic Glass Project to invest 30.03 million US dollars.
In Qinzhou City, the hometown of overseas Chinese, the China-ASEAN (Qinzhou) Cloud Promotion Conference, the second "Belt and Road" Overseas Chinese Business Leaders Exchange and Cooperation Conference Qinzhou Cloud Fair, "Entrepreneur China-New Opportunities for Chinese Businessmen in Qinzhou" A series of foreign investment promotion activities successfully introduced 9 foreign investment projects including Hong Kong Fenglin Timber Industrial Park Project, Suriname Luyuan Wood Imported Timber Industrial Park Project, Hong Kong Shengwei Group Smart Home Industrial Park Project, and the actual use of foreign capital increased by 104.8% year-on-year.
According to statistics, in 2020, Guangxi's actual utilization of foreign capital reached 1.317 billion US dollars, an increase of 18.7% year-on-year.
Among them, large projects with more than 30 million US dollars accounted for nearly 50% of the total investment. AAC Technology, Xinyi Solar Photovoltaic Glass, Nine Dragons Paper (Beihai) Forest-Pulp-Paper Integration (Phase I) and other major foreign-funded projects have landed one after another.
Yang Chunting said that in 2021, Guangxi will also establish the Guangxi Pilot Free Trade Zone Foreign Investment Promotion Service Center, explore the establishment of statutory institutions, and fully carry out foreign investment promotion work.
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