By Zhejiang Provincial People's Government

January 18, 2022

To the people's government of all cities, counties (cities, districts) and the units directly under the provincial government:

In order to further improve investment promotion in our province, promote and expand effective investment, and help build a new development pattern, the following opinions are hereby put forward:

I. General Requirements

(1) Guiding philosophy. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and driven by digital reform, we will focus on innovating the investment promotion mechanism, strengthen the investment promotion platform, build a strong professional team, optimize the investment service, and form a "one game" investment promotion system, so as to make greater contributions to high-quality development of a demonstration area for common prosperity and a pioneering province of socialist modernization.

(2) Work objectives.

1. Achieve new breakthroughs in project introduction. During the "14th Five-Year Plan" period, focusing on emerging industries such as digital economy, life and health, new materials, and marine economy, we will introduce 500 1-billion-yuan domestic asset industrial projects from outside the province. Among them, we will introduce 200 2-billion-yuan projects, 100 5-billion-yuan projects, and 20 10-billion-yuan projects. Altogether a total of 1,000 billion yuan of domestic capital will be introduced from outside the province.

2. Achieve new growth with foreign capital. During the "14th Five-Year Plan" period, we will actually utilize 100 billion US dollars foreign capital, and introduce 500 100-million-USD projects. Among them, we will introduce 50 1-billion-USD projects, make breakthroughs in 5-billion-USD projects, and introduce 100 projects from the world's top 500 enterprises, of which foreign investment in high-tech industries will account for more than one-third.

3. Achieve a new leap in open platforms. During the "14th Five-Year Plan" period, the role of China (Zhejiang) Pilot Free Trade Zone (hereinafter referred to as the Pilot Free Trade Zone) and economic development zones will be more prominent. Two of the Economic Development Zones and Two of the High-tech Industrial Development Zones will enter the top ten in the country. The "chain-chief system" of the industrial chains of the economic development zones will achieve full coverage, and the leading role of the new provincial-level development zones will become more obvious. The average tax revenue per mu for above-scale enterprises in the economic development zones will reach more than 370,000 yuan, and the industrial added value per mu will reach more than 1.8 million yuan, accounting for more than 75% of the province's industrial added value.

II. Key Tasks

(1) Clarify the key investment directions. Focusing on promoting high-end, intelligent and green traditional industries, we will vigorously attract technological innovation projects in the fields of automobiles and parts, modern textiles and clothing. In order to strengthen strategic emerging industries, create three major technological innovation highlands of "Internet +", life and health, and new materials, build a strong marine province, and realize the goal of carbon peaking and carbon neutrality, we will vigorously attract "chain-based" projects in information technology, biotechnology, high-end equipment, new energy and smart vehicles, green environmental protection, and aerospace. In order to cultivate new growth points, we will vigorously attract projects in key future industries such as third-generation semiconductors, brain-like chips, flexible electronics, quantum information, and the Internet of Things. Taking the headquarters economy as the leading factor and the building economy as the carrier, we will vigorously attract projects in the producer service industry and quality life service industry. For rural revitalization, we will attract high-quality agricultural and rural development projects. According to the province's industrial layout and the principle of dislocation development, we will compile a global investment map. (Responsible units: Provincial Development and Reform Commission, Provincial Department of Economy and Information Technology, Provincial Department of Agriculture and Rural Affairs, Provincial Department of Commerce, and the governments of all cities, counties [cities, districts] are responsible according to the division of responsibilities. The first in the list is the lead unit, the same below. The following tasks all need to be implemented by the governments of all cities, counties [city, district], which will no longer be listed hereinafter.)

(2) Strengthen the planning of major projects. According to the national and provincial "14th Five-Year Plan" and major strategies, and the advantages of local industrial resources, we will focus on innovation-driven development, industrial ecology and urban improvement to select key areas and subdivided tracks. Aiming at the world's top 500, China's top 500, well-known multinational companies, invisible champion companies, "specialized and new" companies, neck-stuck technology projects, headquarters-based projects, foreign-funded R&D centers, we will make a list of key projects to be introduced, build a project database, and introduce a group of "big, good and high-end" projects with large investment, good benefits and strong industrial drive. We will strengthen the tracking of major projects and speed up the signing and implementation of projects under the operation of a special leading group. We will establish key industry expert think tanks to provide intellectual support for project planning, research and judgment. (Responsible units: Provincial Department of Commerce, Provincial Development and Reform Commission, Provincial Department of Economy and Information Technology, Provincial Department of Agriculture and Rural Affairs, Hangzhou Central Sub-branch of the People's Bank of China [Provincial Foreign Exchange Administration])

(3) Innovate precise investment promotion methods. We will deepen the investment promotion by exhibitions, actively undertake the spillover effects of major exhibitions such as China International Import Expo and China International Fair for Trade in Services, so as to turn exhibitors into investors. We will be a good host of major events such as the China-Central and Eastern Europe Investment and Trade Expo, the Global Digital Trade Expo, the World Internet Conference, and the World Zhejiang Merchants Conference, and build a platform for investment cooperation. We will strengthen intermediary investment promotion and deepen cooperation with internationally renowned intermediaries and investment institutions. We will carry out capital investment promotion, and make full use of the role of industrial funds to lever the attraction of major industrial projects. We will give full play to the superior network resources of Zhejiang merchants at home and abroad to “attract business through business”. We will promote the deep integration of project attraction and talent attraction. Through digital reform, we will promote on-cloud investment attraction and improve investment accuracy and success rate. (Responsible units: Provincial Department of Commerce, Provincial Taiwan Affairs Office, Provincial Economic and Information Department)

(4) Highlight investment promotion on open platforms. Taking advantage of development platforms such as Pilot Free Trade Zones, Economic Development Zones, High-tech Zones, and Provincial New Zones, we will implement the "chain chief system" for the industrial chains to attract high-quality chain projects. We will give full play to the advantages of pilot free trade zones and comprehensive bonded zones for institutional innovation to attract leading projects. We will focus on promoting the construction of industrial platforms in 26 counties in mountainous areas, implement the "double-chain-chief system", and carry out enclave investment promotion. We will strengthen internal and external linkages to develop international industrial cooperation parks, overseas economic and trade cooperation zones, and overseas M&A industrial cooperation parks, so as to promote precise global industrial cooperation. (Responsible units: Provincial Department of Commerce, Provincial Development and Reform Commission, Provincial Department of Economy and Information Technology, Provincial Department of Science and Technology)

(5) Improve the global investment network. In key regions and countries such as Europe, the United States, Japan, South Korea, as well as China’s Hong Kong, Macao and Taiwan, we will make use of embassies and consulates, overseas Chinese chambers of commerce, overseas liaison offices, intermediaries, and overseas Zhejiang businessmen network, to further improve the overseas investment network. Aiming at the Bohai Rim, the Yangtze River Delta and the Pearl River Delta with Beijing, Shanghai and Shenzhen as the leaders, we will give full play to the roles of government offices, Zhejiang commerce organizations and overseas branches of large enterprises to build a full-coverage domestic investment network. Through policy guidance and contribution awards, we will further stimulate the initiative of the global investment network. (Responsible units: Provincial Department of Commerce, Provincial Foreign Affairs Office, Provincial Government Office in Beijing, Provincial Government Office in Shanghai, Provincial Federation of Returned Overseas Chinese, Provincial Federation of Industry and Commerce)

(6) Build a strong professional investment promotion team. To strengthen the investment attraction force in accordance with the principles of specialization, marketization and internationalization, we will create a professional investment attraction team with excellent work style and negotiation skills. We will strengthen the training of investment attraction personnel, and encourage them to take temporary posts in areas rich in innovation resources. We will explore and implement a more flexible employment mechanism and salary system such as the investment attraction employee system and the commissioner system to attract high-end talents. (Responsible unit: Provincial Department of Commerce)

III. Working Mechanism

(1) Establish a top-leader investment promotion mechanism. The top leaders as the main responsible person for attracting investment must personally conduct research, and lead the investment promotion team in major project negotiations. All local governments should establish a working mechanism for key leaders to listen to the progress report of investment projects, and coordinate and solve the problems encountered in the process of attracting major projects. For the implementation and operation of major industrial projects, we will provide personalized, whole-process professional services in a targeted manner. We will strengthen supervision over major preferential policies, and carry out whole-process performance evaluation for major projects. (Responsible units: Provincial Department of Commerce, Provincial Development and Reform Commission, Provincial Department of Finance)

(2) Establish a coordinating mechanism for attracting major projects. We will strengthen the coordination of provincial departments, the linkage between provincial, municipal and county departments, and the cooperation between local departments. With the sharing of project information, we will carry out hierarchical classified coordination for difficulties in attracting major industrial projects. After the list of project issues and policy requirements has been reviewed by the local government, the investment promotion departments of districted cities will submit it to the Provincial Leading Group Office for Investment Promotion on a monthly basis. We will establish a through-train system for provincial leaders in major investment promotion projects. (Responsible units: Provincial Department of Commerce, Provincial Department of Economy and Information Technology, Hangzhou Central Sub-branch of the People's Bank of China [Provincial Foreign Exchange Administration])

(3) Establish a project circulation mechanism. We will establish the idea of cooperation and information sharing across the province in investment promotion, and encourage all local governments to share effective investment information. For projects that meet the province's industrial development orientation but do not currently fit the local conditions, the leading group office will recommend to relevant cities and counties (cities, districts) according to the province's industrial layout, and will encourage 26 counties in mountainous areas and their industrial enclaves to take over. Bonus points will be given to the first negotiation unit in the annual work evaluation when the project is successfully transferred across districted cities. (Responsible unit: Provincial Department of Commerce)

(4) Establish an information notification mechanism. We will implement a system of weekly information sharing, monthly selection of best cases, and quarterly notification of results. We will publish the information on investment promotion every week, select typical cases and best practices every month, and issue notification on the actual use of foreign capital and the actual performance of major projects in each districted city every quarter. We will offer full-process tracking services for major provincial-level investment projects, and report on the progress. (Responsible units: Provincial Department of Commerce, Provincial Development and Reform Commission)

(5) Improve the evaluation and incentive mechanism. We will establish a scientific evaluation index system. According to relevant regulations, we will conduct evaluation on the quantity and quality of key projects introduced and the actual use of foreign capital, etc. For provincial departments, we will mainly evaluate industrial project planning and major industrial project services. Groups and individuals with outstanding performance in investment promotion shall be praised and awarded according to relevant regulations. (Responsible units: Provincial Department of Commerce, Provincial Development and Reform Commission, Provincial Department of Economy and Information Technology)

IV. Support Measures

(1) Strengthen factor guarantees. We will strengthen support in finance and government industrial funds, and encourage and guide banks, venture capital, insurance funds, etc. to participate in various special industrial funds and major industrial projects. Qualified major industrial projects will be given priority to be included in the provincial major industrial project database, and the leading projects that are particularly important or included in the provincial, municipal and county mayor projects can apply for the use of reserved land plan indicators, with priority for forest use, energy use, and major pollutants emission. We will issue guidelines for business reception, so as to ensure necessary investment promotion funds in accordance with regulations. (Responsible units: Provincial Department of Natural Resources, Provincial Department of Finance, Provincial Department of Ecology and Environment, Provincial Local Financial Supervision Bureau, Hangzhou Central Sub-branch of the People's Bank of China [Provincial Foreign Exchange Administration])

(2) Optimizing investment promotion environment. All local government and departments must maintain the continuity and stability of investment promotion policies, and must not weaken the work due to government changes or cadres transference. We will deepen the reform of "delegating power, and providing services", strengthen the protection of intellectual property rights, and improve the complaint mediation mechanism. We will construct a credit system, maintain fair competition in the market, promote the smooth flow and full competition of factor resources on a larger scale, and build a new relationship between government and business. We will also establish a fault-tolerant mechanism, and do a good job in the security review of foreign investment. (Responsible units: Provincial Development and Reform Commission, Provincial Department of Commerce)

(This document is publicly released)