The National Development and Reform Commission and the Ministry of Commerce released a revised industry catalog on Dec 28, 2020, that identifies more sectors encouraging foreign investment.
China on Thursday unveiled the 2020 negative list for foreign investment access in Hainan free trade port. It will come into effect on Feb. 1, 2021.
The Ministry of Finance and the General Administration of Customs and the State Taxation Administration jointly issued the "Notice on the Hainan Free Trade Port's Zero-Tariff Policy for Raw and Auxiliary Materials.
China's island province Hainan recently unveiled a 2020-2021 action plan to further improve its business environment, with 31 measures rolled out to speed up the building of a business environment characterized by rule of law, international standards, and great convenience.
The Hainan Provincial Coast Defense and Port Office has recently issued 17 special reform measures to improve port business environment and facilitate cross-border trade.
These measures have been formulated in order to implement preferential policies for personal income tax for high-end and urgently-needed talent in the Hainan FTP.
South China's Hainan province issued an announcement on July 31 that details the preferential policies regarding corporate income tax in the Hainan Free Trade Port (FTP).
Overview
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