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Qingtian issues incentives to lure overseas Chinese business

chinadaily.com.cn| Updated : Sep 14, 2021 L M S


A beautiful sunset lingers over Qingtian county, Lishui. [Photo/zjol.com.cn]

Qingtian county – administered by Lishui city in East China's Zhejiang province – has recently rolled out a raft of policies designed to attracting overseas Chinese. These cover business platforms, financial services, scientific and tech staff, cultural exchanges and other areas.

There are also financial incentives. New research and development institutions with independent corporate capacity, as well as those introducing core technologies and equipped with core R&D teams, will be provided with support of up to 10 million yuan ($1.55 million).

Qingtian is already the hometown of 330,000 overseas Chinese. The county has attached great importance to calling back these people and has issued a series of policy documents supporting their return and enabling them to start their own businesses there in recent years.

According to preliminary statistics, nearly 150,000 overseas Chinese have returned to invest in Qingtian and there are more than 500 enterprises being funded by overseas Chinese there, 270 of which were established in the past five years.

In addition, Qingtian is making every effort to build an overseas Chinese investment project trading center and an industrial park for the projects brought in by the returned overseas Chinese.