| Welcome to Daxiang
District
Daxiang District, is situated in the southwest of
Shaoyang City, which has long been an important city
in Hunan. With a total area of 214 square kilometers
and a population of 293, 000, Daxiang administrates
six townships, six subdistricts and two communities.
It has been the center of politics, economics, culture,
education,finance and commercial trade in Shaoyang.
Daxiang District is abundant in natural resources
and is famous for giving birth to those celebrities.
Zhang Fei, a famous general of Three Kingdoms, pushed
troops and offered sacrifice to flag here. Cai E,
a well-known general, who dispatched troops against
Yuan Shikai to recreate a republic nation, was born
here.
With its beautiful mountains and rivers, fragrance
of various flowers and melodies of different birds,
Daxiang has lots of picturesque scenery. Zijiang River,
Shaoshui River and Tanjiang River all wind through
the district. The spring scenery of Liuling, the fragrance
of
Peach Cave and boating on the river are all aspects
of the district for which it has historically been
popular. The former home of Cai E, the colorful mountains
and precipitous rocks have been enchanting a lot of
visitors. Newly built Songpo Park, Wei Yuan Square
and Wudi Cave have been attracting visitors from many
different places.
Daxiang has fertile land and rich resources. Xuefeng
mandarin oranges have won the national golden prize.
The production of bamboo is a unique feature of the
country.
The transportation in Daxiang is very convenient.
The national Highways No.207 and No.320 join up here.
The Luoyang-Zhanjiang railway line and Shanghai-Ruili
Expressway run through the whole district. Southern
Railway Station and Southern Bus Station are ready
to welcome and send guests of different areas.
Daxiang enjoys a good government, friendly people
and complete facilities. The constructions of transportation,
energy resources, telecommunications and infrastructure
are changing with each passing day. Highways extend
to every township and village. Mobile phones, wireless
communication and program controlled telephones link
up every corner in the whole district with the outside
world. Every school from primary school to university
possesses complete equipment, and large numbers of
outstanding people have been emerging.
In pace with the Luoyang-Zhanjiang Railway and Shanghai-Ruili
Expressway opening, the efficiency of disposition
in the link of urban and rural resources of Daxiang
has increased, the regional superiority towers over,
which supply a greater space for economic development.
More than 300 travelling traders from home and abroad
have settled down and started undertakings in Daxiang.
Judging the situation and seizing the opportunities,
the district Party committee and government have put
forward the strategy of ¡°Keeping a foothold by introducing
projects, developing the economy by promoting foreign
investment, promoting the district by technology and
education, enlarging the urban and extending the district¡±
and issued a series of preferential policies. The
investment conditions and environment are excellent
and represent fantastic opportunities. As long as
one invests in Daxiang, the investor will be favorable
and propitious. We aim to give all our traders and
guests from home and abroad a warm welcome and firmly
believe that Daxiang represents traders with excellent
investment and development opportunities.
Provisions on Encouraging
Foreign Investors to Invest by
Daxiang District Party Committee and Government
In order to make further improvements on the investment
environment, encourage foreign investors to invest in
our district, promote foreign investment promotion work
and quicken the construction of a well-off Daxiang,
the provisions are as following.
1¡¢The foreign investors mentioned above are the investors
outside Daxiang district. Any foreign investor who
makes investment in our district can not only enjoy
those national, Hunan provincial and Shaoyang municipal
preferential policies but also those outlined in the
provisions.
2¡¢In order to soften the approval terms, except the
forbidden range of management by the state laws, all
kinds of enterprises regardless of the census register,
are encouraged to register in our district. In case
the project is controlled by the nation, the enterprise
can be given a temporary license after going through
certain formalities.
3¡¢Any new productive foreign-funded enterprises with
investment over £¤5 million or annual output value
over £¤20 million can enjoy preferential tax policies.
The industrial and commercial tax will be refunded
entirely during the first twelve months, and fifty
percent will be refunded from the second year to the
fifth year.
Only the cost of production is charged for going through
formalities.
4¡¢According to Shaoyang municipal committee and government
issued document(Shaoyang municipality-issued document
[2003]No.1), any new productive foreign-funded enterprise
with fixed asset lump-sum investment over £¤20 million,
an operation period of more than ten years and conforming
to the state investment guidelines and industrial
policies shall enjoy the following ¡°three-All¡± preferential
policies:
(1) All land costs shall be wholly exempted. The government
will offer the productive land to the foreign investors
gratitude. The foreign investors may get the land
use right by administrative distribution. That¡¯s to
say the investor shall pay out the charge of national
and provincial necessary fees and removal costs for
the government, and the charge for the government
shall be returned by installments financially from
the revenues which the enterprise have turned over
to the local government. The granting land can¡¯t be
transferred and the purpose of the land use can¡¯t
be changed.
(2) All charges shall be wholly exempted. All charges
except for the national and provincial administration
and enterprise charge shall be wholly exempted.
(3) All approval procedures shall be completed for
foreign investors. The foreign investment promotion
office in the government affairs center is responsible
for all the approval procedures of examination, registration
certificate and etc. for the foreign investors.
5¡¢To foreign-invested enterprises going in for developing
projects such as growing, stock breeding etc. on barren
mountains and uncultivated wetland, and with an operation
period over 10 years, except for enjoying the third
preferential policy, the agricultural tax verified
shall be refunded entirely in the first year from
the initial operation day. Half of the tax is refunded
from the second to the third year.
Any foreign investor who invests over £¤5 million for
opening up productive enterprise or annual tax over
£¤50,000 shall allow his or her children into any school
in the district without being charged the choosing
school fees. In case they match the requirement, it
can be arranged for one of his or her children to
work in an appropriated entire funds institution under
Daxiang¡¯s jurisdiction.
7¡¢Support leading agriculture enterprises
(1) The confirmation of leading agriculture enterprise.
Any agriculture enterprise in the district, which
carries on one continuous
line-producing, processing, marketing and serving,
has a great effect on the economy, plays a leading
role and also matches one of the below terms can be
confirmed as a leading agriculture enterprise in the
district
a. The agricultural and sideline-products processing
enterprise with annual value of sales over £¤5 million
and tax over £¤200,000.
b. The foreign exchange-earning agriculture enterprises
with annual value of sales over £¤300 million or ¡ç0.3
million.
c. The agricultural and side-line products marketing
enterprises collecting and selling agricultural and
side-line products in the district with annual value
of turnover over £¤10 million and tax over £¤300,000.
The Foreign Capital Administration Committee will
confirm the leading agricultural enterprises in the
district every other year.
(2). Support with financial fund
Every year the financial administration in the district
will arrange twenty per cent of the agricultural development
fund as special pay interest fund. This fund is mainly
used in technical reform, new product development,
storage, opening up new leading agricultural enterprises
and paying interest on loans used to open up new agricultural
and side-line products.
(3). Support with tax preferential policies
a. The leading agricultural enterprises going in for
crops growing, stock breeding on uncultivated mountains,
hills, wetland and waters are exempt from agricultural
tax in the first year. They will enjoy a deduction
of agricultural tax by fifty per cent from the second
to the third year.
b. To newly built leading agricultural enterprises,
the enterprise income tax of the first two years is
refunded for expanded reproduction.
c. Only the cost of production is charged for approving,
registering and issuing.
(4). Support with land-use preferential policy
a. On the premise of the entire program of land usage,
the land of leading agricultural enterprises can be
firstly arranged the land index and verified.
b. The use of land can be prolonged for another 30
years to those enterprises investing in agricultural
development projects. The use of land can be prolonged
for another 50 years to those enterprises developing
the recourses on uncultivated mountains, hills, wetland
and waters.
c. The land of leading agricultural enterprises is
regarded as agricultural productive land. All fees
for the land shall be wholly exempted.
8¡¢ Encourage staffs to take part in producing and
marketing agricultural and side-outline products.
Staffs at all levels can invest stock and shares as
well as go in for producing and marketing agricultural
sideline products in their spare time. The creative
income belongs to these individuals. They can also
work in this manner during regular hours with the
agreement of their units (They can make use of part
of their work time but not influence the regular work).
If they leave the position to go in for producing
and marketing agricultural sideline products. The
individual and his unit confirm the proportion of
creative income. The personal income shall not be
lower than fifty per cent. The technicians who leave
their position shall own the income generated by them.
The basic salary besides cash award, welfare, other
treatment (including medical treatment, endowment
insurance, promotions etc.) remains for 3 yeas years.
After three years, the personal relationship will
move to personnel exchange center and carry out related
procedures.
The provisions come into force from March 1, 2003.
The Foreign Investment Promotion& Tourism Bureau
is responsible for explaining these provisions.
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