The General Office of the Hunan Provincial People’s Government recently issued a guideline on accelerating construction of the Cross-Straits Industrial Cooperation Zone (Hunan).
The guideline requires to make efforts in line with the “five-good” Industrial park standards, and implement the Three Highlands and Four New Missions Strategy. Aiming at the goal of promoting in-depth integration of Hunan and Taiwan industrial and supply chains, work should be done to enhance investment promotion in Taiwan, deepen Hunan-Taiwan industrial cooperation, and push high-quality development in the cooperation zone, so as to build the zone into a pilot one in cross-Straits economic and trade cooperation, and a new engine for Hunan’s high-quality development.
Hunan and Taiwan has maintained cultural exchanges for long, and witnessed fruitful results of economic and trade cooperation. There are nearly 600 Taiwan-funded enterprises in Hunan, providing jobs for nearly 100,000 people and involving 100 counties, county-level cities, and regions in Hunan’s 13 cities and prefecture.
This May, the Taiwan Affairs Office of the State Council, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Commerce officially approved to establish a cross-Straits industrial cooperation zone in Hunan. Hunan thus became the fifth province in China that has been approved to build such zone.
The guideline calls for exploiting potential, enhancing capability, and attracting capital and talents, to build the zone into a demonstration platform of exchanges with Taiwan region. By 2025, three billion USD of Taiwan investment will be added in the zone. The number of Taiwan-funded companies settled in the zone will reach 300, including more than 20 Taiwan’s top 100 enterprises. The output value of these Taiwan-funded enterprises will double over that in 2020.
The guideline puts forward optimizing industrial layout of industrial parks, based on the existing industrial foundation and future orientations of the three main parks of the Cross-Straits Industrial Cooperation Zone. Work should be done to achieve targeted connection with Taiwan’s advanced and featured sectors, and boost differentiated, synergetic, and agglomerate development of the zone.
For example, the industrial park in Yueyang will focus on electronic information, new energy, and new materials sectors. Based on the national Taiwan farmer entrepreneurship park, it will build Hunan-Taiwan agricultural cooperation and exchange base, agricultural product processing base, and agricultural research demonstration base, to develop modern agriculture.
The industrial park in Xiangtan will give priority to developing intelligent manufacturing and modern medical devices.
The industrial park in Chenzhou will highlight intensive processing of non-ferrous metals, equipment manufacturing, and modern service industry, while playing an active role in undertaking transfers of Taiwan-funded enterprises from the Guangdong-Hong Kong-Macao Greater Bay Area.
According to the guideline, efforts will be made in the following aspects:
- strengthen attraction of Taiwan investment, especially in the hi-tech, precision, cutting-edge, and emerging industries;
- enhance cooperation with the Taiwan-funded enterprise clusters in coastal areas, to facilitate integration of Hunan-Taiwan industrial and supply chains;
- boost innovation chain cooperation: encouraging Hunan and Taiwan enterprises, research institutes, and higher educational institutions to collaborate in building innovation platforms, such as key laboratories and engineering and technological research centers, and promoting unified technological recognition standards;
- strengthen personnel cooperation and exchange: accelerate construction of platforms for personnel innovation; facilitate mutual recognition of professional and technical titles in Taiwan region and Chinese mainland; and, encourage Taiwan professionals and youths to work or start business in the zone;
- cultivate and strengthen Taiwan-funded enterprises: encourage Taiwan-funded enterprise to establish Chinese, regional, or functional headquarters in the zone; and, support these enterprises to integrate into the industrial and supply chains of Chinese mainland and expand domestic market;
- guarantee land use of Taiwan-funded enterprises; support the three main industrial park to adjust and expand their scales; set up Taiwan enterprises clusters in the zone; and, explore and coordinate stiff and flexible rules to reserve space for key projects;
- complete financial support: guide and encourage Taiwan investment and private investment in the financing sector in the zone; and, establish and improve mechanisms concerning financing assurance, loan service for sci-tech businesses, and entrepreneurship and investment risk compensation for Taiwan enterprises;
- enhance finance and tax support: encourage and guide emerging industrial development foundation and governmental investment foundation to invest qualified Taiwan enterprises in the zone; and,
- improve business environment in industrial parks in line with the highest international and domestic standards; streamline administrative approval and whole-process agent services, and boost “One-step Approval Process” reform and realize “handle the industrial park affairs in the parks”, to improve project investment attraction and contract implementation, and provide whole-process monitoring service.
This article is from Hunan Provincial Government www.enghunan.gov.cn.
Translator: Pang Yuehui
Chinese source: hunan.gov.cn
