A conference on promoting Hunan-based entrepreneurs to return home to start business was held in Changsha on January 11. Between January and November 2022, Hunan entrepreneurs invested in and started up 899 new enterprises, with a total paid-in investment of more than 421 billion CNY, accounting for one third of the domestic direct investment of the province and over-fulfilling the annual goal.

Statistics shows that, there are about 8.7 million Hunan-born entrepreneurs, individual businesses, agricultural cooperative managers, migrant workers, and college students working or studying outside Hunan Province. In the following five years, Hunan will strive to attract 2% of the migrant Hunanese to return to start business every year.

Hunan has launched construction of a Hunan entrepreneur database, a Hunanese talent pool, a Hunan-based listed company library, and a WeChat public account for Hunan entrepreneurs worldwide. These will be connected and share data with the Hunan Investment Promotion Cloud Platform to form a resource system of an enterprise library, a project library, an institution liaison library, and a global investment attraction map. So far, data of 712 commercial chambers have been collected and shared with Hunan's cities, prefecture, industrial parks and development zones.

In 2022, Hunan held important events including the Global Forum for Hunan Entrepreneurs, the first Tourism Development Conference of Hunan Province, the provincial key projects signing ceremony, the Hunan-Yangtze River Delta Economic and Trade Cooperation Promotion Week, and the Hunan International General Aviation Industry Expo. A total of 490 provincial key projects were contracted, with an investment of 446.45 billion CNY. Among them, 441 valued 394.22 billion CNY were invested by Hunan entrepreneurs, accounting for nearly 90% of the provincial total.

In 2023, Hunan will focus on key industries and the industrial chains with superiority, and do a good job in developing and publishing investment attraction information of these sectors, to benefit Hunan entrepreneurs. A series of investment promotion activities will be held to accelerate establishing the Fund of Funds (FOFs) for provincial investment attraction and the funds for key industrial investment attraction, and encourage Hunan entrepreneurs to return home to start business.

This article is from the Hunan Provincial Government www.enghunan.gov.cn.

Translator: Pang Yuehui

Chinese source: hunan.gov.cn