To thoroughly implement the decisions and directives of the Central Committee of the Communist Party of China, the State Council, the Provincial Party Committee, and the Provincial Government regarding the stabilization of foreign investment, to further advance high-level opening-up, to promote the expansion of new foreign investment, the stabilization of existing investment, and the improvement of investment quality, and to continuously optimize the investment environment for foreign capital, the following policies have been formulated in light of Mianyang’s specific circumstances.
I. Expanding the Scope of Opening-up
(1) Encouraging Foreign Investment in Key Industries. Fully implement the "Special Administrative Measures for Market Access of Foreign Investment (Negative List)" and the "Catalogue of Industries Encouraging Foreign Investment," and encourage foreign investment in our city’s "4+8+1" key industries (Four Major Distinctive Advantageous Industries: Electronic Information, Advanced Materials, Equipment Manufacturing, Food and Beverage;Eight Strategic Emerging Industries: New Display Technologies, Magnetic Materials, Nuclear Technology Applications, Laser Technology Applications, Photovoltaic Energy Storage, Intelligent Robots and Drones, Biopharmaceuticals and Medical Equipment, Connectors and Sensors; Deep Integration of the Digital Economy with Traditional Industries). Support foreign investors in Mianyang to expand their operations along the upstream and downstream of industrial chains and pursue vertical integration, thereby increasing the local supply chain self-sufficiency rate.We will support multinational corporations in establishing regional headquarters in Mianyang, as well as functional units such as R&D centers, production centers, procurement centers, and settlement centers. We will guide and support major investment projects to be implemented through foreign investment channels. [Responsible Units: Municipal Development and Reform Commission, Municipal Bureau of Economy and Information Technology, Municipal Science and Technology Bureau, Municipal Bureau of Economic Cooperation, Municipal Commerce Bureau, and other relevant departments; People’s Governments of all counties (cities, districts); and Management Committees of all industrial parks]
(2) Accelerate the opening-up of the financial sector. Promote the implementation of pilot programs for foreign-invested equity investment enterprises; encourage high-quality overseas financial institutions to invest in Mianyang; and actively promote the establishment of service institutions by international financial organizations in Mianyang. Support foreign investors in establishing enterprises in Mianyang through acquisitions, mergers, and reorganizations; support eligible foreign investors in participating, in accordance with laws and regulations and on a fair basis, in the restructuring and reorganization of state-owned enterprises, as well as in mergers and acquisitions, and in the restructuring and disposal of non-performing financial assets.(Responsible Units: Municipal Financial Work Bureau, People’s Bank of China Mianyang Branch, Municipal State-owned Assets Supervision and Administration Commission, Municipal Economic Cooperation Bureau)
II. Intensify Investment Promotion Efforts
(3) Increase Incentives and Support. For newly introduced foreign-invested enterprises and existing foreign-invested enterprises within the city that align with our city’s industrial positioning, incentives will be provided based on the actual到位 amount of foreign direct investment (FDI). [Responsible Units: Municipal Bureau of Economic Cooperation, Municipal Finance Bureau, People’s Governments of all counties (cities, districts), and Management Committees of all industrial parks]
1. For actual FDI funds received in the current year ranging from 1 million USD (inclusive) to 10 million USD, a support reward of 2% of the total FDI amount will be granted.
2. For actual FDI funds received in the current year ranging from USD 10 million (inclusive) to USD 30 million, a support incentive of 2.5% of the total FDI funds will be granted.
3. For actual FDI funds received in the current year of USD 30 million or more, a support incentive of 3% of the total FDI amount shall be granted. The maximum annual incentive for a single enterprise shall not exceed RMB 10 million.
The amounts and timing of FDI disbursements shall be determined based on the records of the Ministry of Commerce’s Comprehensive Foreign Investment Management System.
(IV) Strengthen Credit Support. Promote financing convenience for foreign-invested enterprises and establish a green channel for credit approval of major foreign investment projects; encourage financial institutions to innovate credit granting and loan review models, appropriately extend credit terms within controllable risk limits, and establish more flexible repayment and guarantee methods where permitted by law. Promote the facilitation of cross-border RMB settlement and simplify the procedures for handling cross-border RMB business related to foreign direct investment.(Responsible Units: Municipal Financial Work Bureau, People’s Bank of China Mianyang Branch, Mianyang Regulatory Sub-bureau of the National Financial Supervisory Administration)
III. Optimizing Services for Foreign Investment
(5) Promote the Facilitation of Foreign Investment. Streamline the registration, information reporting, and foreign exchange account opening processes for foreign-invested enterprises. For newly established foreign-invested enterprises that are unable to submit original documents such as proof of foreign shareholder eligibility in a timely manner due to special circumstances, allow them to complete registration first using scanned copies, photocopies, or faxes, and submit the original documents later through measures such as “conditional registration.”Promote the “single window” system for foreign nationals’ work and residence permits, and provide eligible foreign nationals with convenient services in areas such as housing, children’s education, and healthcare. (Responsible Units: Municipal Market Regulation Bureau, Municipal Government Services Supervision Bureau, People’s Bank of China Mianyang Branch, Municipal Public Security Bureau, Municipal Science and Technology Bureau, Municipal Health Commission, Municipal Education and Sports Bureau)
(6) Provide fast-track services. For key foreign-invested enterprise projects currently under negotiation or already signed, establish dedicated service teams to promptly coordinate and resolve issues, and ensure service support in accordance with laws and regulations, including the provision of essential business resources, policy implementation, financing support, labor force guarantees, and talent recruitment and development.[Responsible Units: Municipal Development and Reform Commission, Municipal Bureau of Economy and Information Technology, Municipal Bureau of Natural Resources and Planning, Municipal Commission of Housing and Urban-Rural Development, Municipal Bureau of Economic Cooperation, and other relevant departments; People’s Governments of all counties (cities, districts), and Management Committees of all industrial parks]
(7) Improve the protection of foreign investment. Fully implement the relevant provisions of the Foreign Investment Law of the People’s Republic of China and its implementing regulations to ensure that foreign-invested enterprises participate in the construction and operation of local infrastructure, public utilities, agriculture and forestry, and social welfare projects in accordance with laws and regulations. Guarantee that foreign-invested enterprises participate on an equal footing in activities such as bidding and tendering, land concessions, standard-setting, tax and fee reductions, project applications, and property rights transactions.Establish and improve a rapid and coordinated intellectual property protection mechanism to ensure that foreign-invested enterprises receive patent examination and registration services in accordance with regulations. Establish a fast-track channel for resolving intellectual property disputes, effectively prevent and resolve intellectual property disputes involving foreign-invested enterprises, protect the legitimate rights and interests of foreign enterprises in accordance with the law, and promptly crack down on infringement activities. (Responsible Units: Municipal Development and Reform Commission, Municipal Finance Bureau, Municipal Economic Cooperation Bureau, Municipal Market Regulation Bureau, and other relevant departments)
IV. Strengthen Coordination and Collaboration
(8) Expand the overseas investment promotion network. Encourage the engagement of expert think tanks, consulting firms, fund management companies, and industry associations with extensive investment promotion resources to conduct “intermediary-led investment promotion.” Intermediaries that successfully facilitate the introduction of major foreign investment projects meeting the eligibility criteria will be awarded a bonus equivalent to 0.3% of the total FDI amount, with the total annual bonus for a single intermediary not exceeding 1 million RMB.Counties (cities, districts), industrial parks, and relevant departments are encouraged to conduct overseas investment promotion activities in accordance with laws and regulations. [Responsible Units: Municipal Bureau of Economic Cooperation, Municipal Finance Bureau, People’s Governments of all counties (cities, districts), and Management Committees of all industrial parks]
(9) Strengthen Incentives for Foreign Investment Work. Counties (cities, districts), and industrial parks are encouraged to formulate differentiated and targeted foreign investment policies and measures within their statutory authority that align with their regional industrial development plans. Counties (cities, districts) and industrial parks that rank in the top 3 citywide in annual FDI inflows (with a minimum of 10 million USD) will receive incentives of 1 million RMB, 800,000 RMB, and 600,000 RMB, respectively.(Responsible Units: Municipal Finance Bureau, Municipal Economic Cooperation Bureau)
(10) Strengthen the evaluation of foreign investment work. Intensify the evaluation of foreign investment work and scientifically set indicator weights. Implement a regular reporting system for foreign investment work and establish a “red and black list” for foreign investment performance. Increase the intensity of supervision and follow-up, and strengthen oversight of the implementation of decisions and deployments regarding stabilizing foreign investment. [Responsible Units: Municipal Bureau of Economic Cooperation, Municipal Party Committee Office of Target Performance, People’s Governments of all counties (cities, districts), and Management Committees of all industrial parks]
For the FDI incentives outlined in these measures, statistics on the previous year’s FDI data will be compiled in January of each year based on the Ministry of Commerce’s Comprehensive Foreign Investment Management System. In accordance with established procedures, enterprises that received capital inflows in the previous year will be granted incentives without the need for separate applications. All incentives are pre-tax (in RMB), and the applicable exchange rate shall be based on the rate approved by the State Administration of Foreign Exchange on the first working day of the year in which the incentive is awarded. Specifically, the funds for the incentives mentioned in Article 3 will be borne equally (50% each) by the Municipal Finance Bureau and the finance department of the locality where the foreign-invested enterprise is registered.
The entities eligible for support under these Measures are foreign-invested enterprises within the city that have completed foreign investment information reporting, align with national industrial development directions, possess independent legal person status, maintain independent accounting, and operate normally in accordance with the law. If an enterprise obtains support or incentives through fraudulent means, its eligibility will be revoked upon discovery, it will be ordered to return the incentives, and the incident will be recorded in the enterprise credit information system in accordance with relevant national regulations; legal liability will be pursued in accordance with the law.
These measures shall take effect on January 6, 2024, and remain valid for three years. Policy evaluations and adjustments will be conducted as appropriate based on implementation outcomes. During the implementation period, if national or provincial regulations provide otherwise, such regulations shall prevail. Where this policy overlaps with other similar national, provincial, or municipal incentive policies (including investment promotion policies), benefits shall be granted based on the principle of “the higher amount prevails,” and no duplicate benefits shall be granted.
