Page 68 - 2020 Special Report on the State of Business in South China
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ngdong are mainly engaged in manufacturing industries (around 35.9% of the utilized
FDI). For tertiary industry, leasing and business services was one of the most attractive
areas, absorbing 16.7% of the total utilised FDI, followed by real estate (16.2% of the total
FDI).
Fig 7 GuaFniggd7ongGiusaonnegdofothnegtoisp odensetinoaftiotnhsefotroFpDdI estinations for FDI
Foreign direct investment
Hainan
Guangxi 0%
1% Other
Fujian provinces Jiangsu
21%
3% and cities
12%
Beijing Guangdong
14% 18%
Shanghai Zhejiang
15% 16%
Note: As of 2018 Note: As of 2018
Source: Wind Source: Wind
Recent policies and reforms
Policie((sii)ia)hniidgmhMp-qeluaesamulietryensdtteoivneFnluoorpvthameteironPntr-ofdomrriovstetenraStdceeigevincetlisofuipcpmapnoedrntTt, echnocloorIgpIic.oarIlanIntcneroeivnaantsiooivnnagtioi nnc l u s i v e s u p p o r t f o r
On Jansutarrayte7g, i2e0s1, 9(i,iit)hperGoumaontgedocnogmPprroevhinecniaslivPeeoinpnleo'svaGtioovnernment issued the notice on
“Policiews iathndaMcoeraesuorfessctioenFtuifricthaenr dPrtoemchonteolSocgiiecnatlifiincnaonvdatTieocnh, nologicalTIhnneoGvautiaonng” d(thoeng Notice requires (i) reduction
“foGrucaenfgo(cdriavodp)neacgvboeNinlloiottpyitni,mcaueeno”n)du.t sTa(vlhny)edgimiGavleuspoarfuonpglvrldeopoplianonygsdeteNsopottetohicnepedrroepomnrloetopotioenfsn(seioc)sivhetahingtathiiotf-iiqncnunaolvitaytdioooepnfvteicismloothprizpemaofetirinrosattnftdoerorivfRinc&goDrpcoorasttes
, (ii) adjustment and
financial subsidies for
and technological innovation in supporting and R&D, (iii) continuous incentivization of enterprises
leading economic and social development. to increase investment in R&D, (iv) stimulation
of enterprises in the eastern and western
Specific measures include: regions of Guangdong, and (v) exploration of the
establishment of a government first-purchase
I. Promoting construction of the International system for innovative products in accordance
Science and Technology Innovation Center in with international rules. Great effort should be
the Greater Bay Area made to purchase major innovative products
that have recently entered the domestic market,
The Guangdong Notice requires (i) establishment with core intellectual property rights but without
of a more flexible Guangdong-Hong Kong-Macao market competitiveness.
science and technology cooperation mechanism,
(ii) improvement of major science and technology III. Promoting the deep integration of
infrastructure co-construction mechanisms, technology and finance
(iii) sharing of key laboratories and science and
technology infrastructure, (iv) easier travel by The Guangdong Notice requires (i) the
universities and research institutions to Hong Kong establishment of an information docking
and Macao, and (v) reduction of the salary tax mechanism between corporate innovation
burden on Hong Kong, Macao and foreign talents. financing needs, financial institutions and venture
68
FDI). For tertiary industry, leasing and business services was one of the most attractive
areas, absorbing 16.7% of the total utilised FDI, followed by real estate (16.2% of the total
FDI).
Fig 7 GuaFniggd7ongGiusaonnegdofothnegtoisp odensetinoaftiotnhsefotroFpDdI estinations for FDI
Foreign direct investment
Hainan
Guangxi 0%
1% Other
Fujian provinces Jiangsu
21%
3% and cities
12%
Beijing Guangdong
14% 18%
Shanghai Zhejiang
15% 16%
Note: As of 2018 Note: As of 2018
Source: Wind Source: Wind
Recent policies and reforms
Policie((sii)ia)hniidgmhMp-qeluaesamulietryensdtteoivneFnluoorpvthameteironPntr-ofdomrriovstetenraStdceeigevincetlisofuipcpmapnoedrntTt, echnocloorIgpIic.oarIlanIntcneroeivnaantsiooivnnagtioi nnc l u s i v e s u p p o r t f o r
On Jansutarrayte7g, i2e0s1, 9(i,iit)hperGoumaontgedocnogmPprroevhinecniaslivPeeoinpnleo'svaGtioovnernment issued the notice on
“Policiews iathndaMcoeraesuorfessctioenFtuifricthaenr dPrtoemchonteolSocgiiecnatlifiincnaonvdatTieocnh, nologicalTIhnneoGvautiaonng” d(thoeng Notice requires (i) reduction
“foGrucaenfgo(cdriavodp)neacgvboeNinlloiottpyitni,mcaueeno”n)du.t sTa(vlhny)edgimiGavleuspoarfuonpglvrldeopoplianonygsdeteNsopottetohicnepedrroepomnrloetopotioenfsn(seioc)sivhetahingtathiiotf-iiqncnunaolvitaytdioooepnfvteicismloothprizpemaofetirinrosattnftdoerorivfRinc&goDrpcoorasttes
, (ii) adjustment and
financial subsidies for
and technological innovation in supporting and R&D, (iii) continuous incentivization of enterprises
leading economic and social development. to increase investment in R&D, (iv) stimulation
of enterprises in the eastern and western
Specific measures include: regions of Guangdong, and (v) exploration of the
establishment of a government first-purchase
I. Promoting construction of the International system for innovative products in accordance
Science and Technology Innovation Center in with international rules. Great effort should be
the Greater Bay Area made to purchase major innovative products
that have recently entered the domestic market,
The Guangdong Notice requires (i) establishment with core intellectual property rights but without
of a more flexible Guangdong-Hong Kong-Macao market competitiveness.
science and technology cooperation mechanism,
(ii) improvement of major science and technology III. Promoting the deep integration of
infrastructure co-construction mechanisms, technology and finance
(iii) sharing of key laboratories and science and
technology infrastructure, (iv) easier travel by The Guangdong Notice requires (i) the
universities and research institutions to Hong Kong establishment of an information docking
and Macao, and (v) reduction of the salary tax mechanism between corporate innovation
burden on Hong Kong, Macao and foreign talents. financing needs, financial institutions and venture
68
