Strengthening support for key development factors
To safeguard foreign investment, the measures introduce several provisions addressing key concerns of foreign enterprises, including labor recruitment, project construction, financial services, cross-border data flows, and facilitation of international fund transfers and personnel mobility. These measures aim to accelerate project implementation and ensure foreign-invested enterprises can establish long-term operations and growth in Xiamen.
To support workforce needs, employees of foreign-invested enterprises renting public housing will be eligible for prescribed rental discounts. Furthermore, foreign-invested enterprises will be allowed to utilize the "dual-control" industrial land quotas to construct dormitory-style affordable rental housing, with such projects qualifying for corresponding policy support under applicable regulations.
Xiamen will also enhance foreign exchange facilitation for foreign-invested enterprises, permitting free and delay-free remittance of all legitimate investment-related transfers into and out of the pilot free trade zone under real and compliant conditions. The city will implement a digital cross-border flow pilot program within the FTZ, establishing a negative list for data to standardize and streamline cross-border data management.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
