Concerned Stipulation of Shaoyang
Municipal Committee and Government on Encouraging Foreign lnvestors to Invest in Shaoyang

In order to further improve investment environment, encourage foreign investors to invest in our municipality, promote foreign investment promotion word and quicken constructing a rich Shaoyang, the stipulation is made:

1. The foreign investors above-mentioned are the investors outside Shaoyang municipality. The foreign investors who make an investment in our municipality can enjoy not only preferential treatment stipulated by the State and Huan Province but preferential treatment concerned according to the stipulation.

2. Any new productive foreign-funded enterprise with fixed assets lump-sum investment over ￥20 million,an operation period of more than ten years and industrial policies shall enjoy the following "two-Guarantees and one Exemption" preferential policies;
(1)Land expropriation is guaranteed. The productive land and productive accessory land which the foreign investors need and belong to the new-added land bureau. After foreign investors pay out the charge of national and provincial necessary fees and relocation compensation,administrative distribution of land can be applied if the land can be distributed according to the land policies, the charge for remising land can be paid by installments via negotiation if it is difficult to pay out the charges for the paid land shallbe returned by installments from the revenues which the enterprise has turned over to the local government.
(2)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.
(3)All charges stipulated shall be exempted or reduced. All charges except for the national and provincial administration and enterprise charges shall be wholly exempted.

3.Preferential policies to other foreign-funded enterprises:
(1)The price of selling the land and various administration and enterprisee charge to any productive foreign-funded enterprise with fixed assets lump-sum investment from 10 million to 20 million, an operation period of more than ten years and conforming to the state investment guidlines and industrial policies shall be wholly exempted except for the national and provincial prat and the production cost of certificate.
(2)The price of selling the land and various administation and enterprises charge of any nonproductive foreign-funded enterprise except for reasl estate projects with fixed assets lump-sum investment over 50 million shall be allowed a 50 percent reduction.
(3)If the foreign investors invest the large-scale agricultural projects and processing of agricultural products enterprises.the land is regarded as agricultural prokuctive land. All tees for the land shall be wholly exempted.
(4)To encourage foreign investors to get the land use right by the way of lesaing.The land rent may pay out by insallment.The foreign investors rent the land which is obtained by adminstrative distribution outside the city program or idle land with fixed assets lump-sum investent over 5 million,an operation period of more than ten years. The land yearly rental and the land profits shall be exempted for five years except for real estate projects.
(5)For foreign-funded enterprises, the charges on paid service shall be allowed a 50 perrcent reducion at the minimum standard according to the available standards of charging fees. The production cost of certificate shall be charged at the approval standard of the commodity price control department.

4.For foreign investors, we have carried out the following "Seven-One"to strengthen administrative service and judicial protection.
(1)"One-stop approved procedures for foreign-funded projicts." In the government affairs center, a foreign investent promotion office has been set up. All the approval procedures of foreign-funded enterprises shoule be completed in this office.
(2)"One office of fee-collection." All fees shall be levied at a special office which belongs to the financial department.
(3)"One registraton card of fee-collection." The municipal government card of fee-collection. The foreign-funded enterprises are entitled to refuse any fee that isn't listed in the card or exceed the relevant standard.
(4)"One special protection brass plate." The municipal government will give special protection to foreign-funded enterprises in order to protect the foreign investors legal rights and benefits.
(5)"One foreign-funded enterprise certificate." The municipal government will give the foreign investors a foreign-funded enterprise certificate. The vehicles of holding the certificate shall bi exempted from passing bridges and highways fees in Shaoyang municipallty.
(6)"One person may approve inspection." Any inspection to the foreign-funded enterprises must be approved by the deputy mayor in charge of foreign investment promtion work.Any department and private person is forbidden to check up in foreign-funded enterprises.
(7)"One accusation coordination centre." The municipal govermnent will set up a foreign-funded enterprises accusation coordination centre to provide the foreign investor judicial protection. The accusation of the foreign investors shall be completed in five work days. Any unit or person broking rules and repgulations shall be checked and handied severely by law and order.

5.Rewarding the foreign-funded enterprises.
(1)To prlductive foreign-funded enterprises, 30 percent of local tax is refurned to the enterprise to expand its productive scale in three years from the operation day.
(2)Upon consent by foreign investors," Honorory Citizen"will be awarded to the foreign investors who have made outstanding contribution to our city's economic construction by the People's Government of Shaoyang Municipality.

6.As the advanced and new technology projects and the foreign investment projects of the World 500 Strongest Enterprise," one prlject one way" shall be specially taken into consideration,even more preferential policies shall be carried out.

7.All departments must earnestly implement the concrete entorcement methods in accordance with the stipulation. To the departments of supervision, planning, economic trade commission, finance, science and technology, foreign economic trade,national trade, construction, communications, highways,industry and commerce, tax, state-owned land, programme, labor labors' spocial insurance, commodity price, environment protection, foreign affairs, Taivan affairs, public security, fire control, people's air defense, public health, technical supervision, foreign exchange control, supply electricity, supply water, postal service, telecommunication, public utilities and so on, the concrete enforcement methods shall be made in accordance with the stipulation and in the light of the actual conditions of the departments.The methods should include implement methods, working procedures, charge standards to the foreign investors, service promise and so on. The methods shall be announced to the society once upon approval by the municipal government. The departments should fulfill their promise to offer preferential policies and superior service.

8.The stipulation comes into force since January 1,2003. The other investors in a large scale investment in Shaoyang City can also enjoy preferential treatments by referring to the stipulation. Shaoyang Foreign Trade and Economic Cooperation Bureau is responsible for explaining this stipulation.