Since 2018, Guangdong has rewarded 4.7 billion yuan of foreign investment, and leveraged more than 200 billion yuan of actual foreign investment

China news agency, Guangzhou, October 16 (Reporter Cheng Jingwei) - The Information Office of the Guangdong Provincial Government held a press conference on the 16th, and the Department of Commerce of Guangdong Province said that since 2018, Guangdong Province has introduced a foreign investment incentive policy, with a cumulative award of nearly 4.7 billion yuan (RMB, the same below), more than 300 support projects and more than 200 billion yuan of actual foreign investment.

It is reported that since 2018, Guangdong has implemented the "Ten Articles on Foreign Investment", which provides special incentives for foreign investment based on a certain proportion of the actual amount of foreign investment.

At present, focusing on the real economy and adhering to the leadership of the manufacturing industry, Guangdong is further optimizing relevant policies and measures, focusing on attracting manufacturing projects and headquarters projects, as well as high-level manufacturing projects such as new generation electronic information, new energy, new materials, green petrochemical, artificial intelligence, etc.

According to the statistics of the Ministry of Commerce of China, from January to August this year, the actual use of foreign capital in Guangdong's manufacturing industry was 36.82 billion yuan, up 19% year on year, accounting for 30% for the first time since 2019; Among them, the actual use of foreign capital in high-tech manufacturing was 17.62 billion yuan, up 39% year on year.

Zhang Jinsong, Director of the Department of Commerce of Guangdong Province, said that landmark foreign investment projects have landed in Guangdong in succession. Over the past five years, more than 250 major projects have actually received more than 100 million dollars, and the actual foreign investment has exceeded 80 billion dollars. BASF, ExxonMobil and other $10 billion projects are progressing smoothly.

The Guangdong Provincial Government, the Hong Kong Special Administrative Region Government and the Macao Special Administrative Region Government will jointly hold the 2023 Guangdong Hong Kong Macao Greater Bay Area Global Investment Conference from November 8 to 9. On November 8, the main event was held in the International Hall of Guangzhou Baiyun International Convention Center. As of October 15, more than 120 overseas enterprises had signed up for the conference, mainly from more than 20 countries and regions, including Japan, South Korea, Saudi Arabia, the United States, the United Kingdom, and Germany.

According to reports, the first Guangdong Hong Kong Macao Greater Bay Area Global Investment Conference held at the end of last year signed 853 investment and trade projects, with a signed amount of 2.5 trillion yuan. By the end of August this year, 614 814 investment projects had been started, with a 75% operating rate, and a total investment of 383.95 billion yuan had been completed; The performance amount of 39 trade projects reached 47.07 billion yuan. (End)

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