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Dinghai to offer rewards for drawing investments

chinadaily.com.cn| Updated: February 23, 2022 L M S

Dinghai, a district in Zhoushan, East China's Zhejiang province, recently rolled out measures to attract investments, Zhoushan Daily reported on Feb 22.

The district government will reward individuals who bring projects related to the new materials, high-end equipment manufacturing, marine electronic information, and marine biomedicine industries to Dinghai.

Anyone who introduces a project with an actual utilization of capital of 100 million yuan ($15.8 million) or above will receive a reward equivalent to one thousandth of the actual utilization amount, with the maximum capped at 2 million yuan.

Those who introduce a project with an actual utilization of foreign capital of $10 million or above will receive a reward equivalent to one and a half thousandth of the actual utilization amount, with the maximum capped at 2 million yuan.

Those who introduce projects invested by Global Fortune 500 companies, top 500 Chinese companies, or top 500 Chinese private companies, will also be rewarded. Details of the reward have yet to be determined.

These measures will take effect from March 18, 2022 and last till March 17, 2023.