chapter 3 local policy of international forex

1.Subsidies for MNCs Setting up Headquarters in Beijing On 29 June, Beijing’s municipal commerce committee, municipal development and reform committee, public security bureau and finance bureau jointly issued a set of implementing measures for the regulations on encouraging multinational companies (MNCs) to set up regional headquarters in Beijing

2.Tianjin Binhai New Area Supports New Energy Industry At the New Energy and Clean Technology Investment and Finance Forum held in Tianjin on the sideline of the Third China International Private Equity Forum (CIPEF), it was disclosed that the Tianjin Binhai New Area began allocating Rmb200 million each year

3.Hebei New Regulations Impose Heavy Penalties on Polluting Enterprises The Standing Committee of the 11th People's Congress of Hebei province adopted the Regulations on Pollutant Discharge Reduction at its ninth meeting on 27 May. These new regulations, the first of their kind in the country, went into force on 1 July 2009


4.Shandong to Permit Private Capital in Monopoly Sectors The barrier that stands in the way of the entry of private capital into monopoly industries and sectors is gradually coming down. The provincial government of Shandong recently called for the lifting of restrictions on private investment in sectors



5.Guangzhou to Build Largest Airport Bonded Zone in China Guangzhou is currently preparing to build the largest airport bonded zone in China. Upon completion, the Guangzhou Baiyun Airport Comprehensive Bonded Zone is expected to generate investment opportunities worth over Rmb100 billion



6.Sichuan to Start Nine Airport Projects in Two Years Extension work for the Nanchong Airport, Jiuzhai Airport Phase III and Xichang Airport in Sichuan will commence this year. Large-scale airport construction projects will help to consolidate the position of the province as an air transport hub of the western region



7.Shenzhen Implements Irregular Work Hour System on Trial Basis It has been learned from the Shenzhen municipal labour and social security bureau that in a move to adapt to new circumstances, Shenzhen has officially introduced the irregular work hour system and comprehensive work hour calculation system starting from May
8.Chengdu Price Bureau Cautions Drug Dealers against Random Price Hikes The Chengdu price bureau has issued a "caution letter" to all drug dealers in the city calling on them not to raise drug prices randomly for no legitimate reasons. The caution letter seriously advises all drug dealers to strengthen their discipline in pricing

9.Shandong Pilots Safe Production Liability Insurance in June Sources from the Shandong provincial government reveal that starting from June Shandong is going to launch safe production liability insurance pilots in production and operation units engaging in certain high risk industries

10.Dongguan Supports Enterprises in Coping with Global Financial Crisis For the purpose of giving scope to the functions of social insurance, easing the burden of enterprises, stabilising the employment situation and actively coping with the global financial crisis, the social security bureau, labour bureau, finance bureau and local taxation bureau of Dongguan jointly issued a circular on certain questions



11.Jiangmen Customs Cooperates with Enterprises in Fighting Economic Predicament In November 2008, the General Administration of Customs (GAC) introduced 10 measures to expand domestic demand and boost economic growth. The measures include providing customs clearance facilitation to the largest extent and supporting processing trade enterprises



12.Guangdong Helps Processing Trade Enterprises Sell Goods on Domestic Market The financial crisis has quite a serious impact on the 70,000-plus processing trade enterprises in Guangdong. In order to positively address the crisis and take the initiative into its own hands, the government of Guangdong is doing everything to help processing trade enterprises expand domestic sales
13.Shanghai Expedites Construction of Financial Cluster on the Bund To support and coordinate the construction of Shanghai into an international financial centre and international shipping centre, the Huangpu district in Shanghai has recently launched 10 measures to expedite the building of a financial cluster on the Bund



14.Shaanxi Helps Foreign Trade Enterprises Tide Over Difficulties In conjunction with the provincial department of finance, the Shaanxi provincial department of commerce has recently announced the following nine measures in the light of actual conditions to cope with the global financial crisis and help enterprises tide over difficulties
15.Shanghai Introduces New Policy to Promote Small Loan Companies Bottlenecks stifling the development of small loan companies, such as financial statements, tax treatment, collaterals registration etc, may be resolved soon. Shanghai is going to issue a set of opinions on promoting the development of small loan companies

16.Shanghai to Build Brand Hub According to statistics of the Shanghai Administration of Industry and Commerce, there will be 200,000 valid registered domestic trademarks in the city by 2012, with the number of registered trademarks per 1 million people reaching 10,000

17.Jiangsu Offers Preferential Policies to Support SMEs The preferential tax policies recently introduced by the local taxation bureau of Jiangsu have brought real benefits to small and medium-sized enterprises (SMEs)

18.Hubei Launches Emission Rights Trading The government of Hubei province officially kicked off the trading of emission rights for major pollutants in the whole province at the Wuhan Optical Valley United Property Rights Exchange on 18 March 2009

19.Nanjing Promotes Development of International Service Outsourcing In line with the spirit of relevant documents of the provincial and city governments on the promotion of international service outsourcing, the finance department of Nanjing assumed leadership in formulating the Measures for the Implementation of Several Policies of Nanjing

20.Chongqing Gets Green Light to Build State-level Pilot Zone As disclosed by Chongqing's information industry bureau, Chongqing municipality has received formal approval from the Ministry of Industry and Information Technology to set up one of the first state-level informatisation