Hubei announced a raft of measures recently to encourage foreign investment, such as expanding market access and granting financial incentives.

In order to attract more foreign investment, the province will increase the supply of relevant services. It will expand market access for foreign investment, strengthen the guarantee of services for major foreign-funded projects, act as a guide for government industrial investment funds and organize a range of investment promotion activities.

To stabilize existing foreign investment, the province is working to optimize the business environment. It will ensure the effective implementation of the policy of treating enterprises with foreign investment on the same footing as Chinese enterprises, facilitate the travel of businessmen, better financial services for foreign-funded enterprises, and promote the reduction of costs and improvement of the profitability of import and export enterprises.

To boost the quality of foreign investment, the province will give priority to projects relating to advanced manufacturing and high-tech services, strongly support the introduction of the headquarters of multinational companies, encourage foreign-funded enterprises to increase their investment in R&D, direct more foreign investment to scientific and technological innovation, low-carbon environmental protection and other industries, and grant subsidy to the recognized international industrial parks.