Shenzhen has long been an apple of foreign investors’ eyes. The city’s 2020 actual use of foreign capital of over US$8.68 billion hit a record high, city officials disclosed at a ceremony marking the launch of the Foreign Investment Service Year on Friday.
Apple Inc., Costco Wholesale Corp., Airbus SE and other well-known international companies have announced or inaugurated their large-scale projects in Shenzhen, the officials said.
The latest data shows from January to February 2021, the city’s actual use of foreign investment was US$940 million, an increase of 17.8 percent year on year.
Shenzhen will further optimize the city’s foreign-invested business environment, officials said Friday.
The government-provided services will include policy publicity conferences, investment promotion panels, and visits to foreign businesses in Shenzhen to solve their practical problems.
Measures will be taken to encourage multinational companies (MNCs) to establish regional headquarters in Shenzhen. MNCs registering US$20-30 million, US$30-50 million and above US$50 million in actual annual use of foreign capital will be rewarded 3 million yuan (US$458,999), 5 million yuan and 6 million yuan, respectivel
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