China issued more preferential policies to attract foreign investors to the bond market, including cutting taxes and easing foreign exchange regulations, to support the further opening-up of the financial sector, the central bank said.
Since the start of this year, foreign direct investment in China has reached a record high for the same period.
A total of 96 Zhejiang-based companies made the top 500 private-sector companies, the highest number among all Chinese provinces for the 23rd consecutive year.
A tax service and a series of tax incentives has reportedly been delivered impeccably and with great efficiency in the Jinyi New District – located in the city of Jinhua – further accelerating the drive to innovation and technological transformation of its resident companies.
In March, the Hangzhou branch of the People's Bank of China and the Zhejiang Administration for Market Regulation jointly launched the "loan code" online platform in service of Zhejiang's small and micro-sized companies and individual businesses.
At present, Jinhua city – in East China's East Zhejiang province – has formed 18 industrial clusters with an annual output value of more than 10 billion yuan ($1.55 billion) each.
The Zhejiang provincial government hosted a news conference on July 20 to give a presentation on 42 new policies meant to relieve financial burdens and reduce operating costs for enterprises in the province.
Jinhua city – located in East China's Zhejiang province – provides extremely streamlined procedures for business startups.
