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.
The 240-hour visa-free transit policy, which has led to a surge in interest among prospective tourists, is a clear sign of China's continued opening-up and has been included in this year's Government Work Report.
