Preferential Investment Policies

1.Income tax is reduced at the rate of15 percent for foreign-invested enterprises.Income tax is exempt for two years startingfrom the first profitable year and halvedfrom the third to fifth year for those enter-prises with an actual business period of morethan 10 years. 2.Foreign-funded new and hi-techenterprises may enjoy another three years ofhalved income tax after the stipulated expi-ration of income tax exemption if the enter-prises are verified to be still new and hi-techones. 3.Foreign-funded export-orientedenterprises may enjoy a reduced rate of

Multilateral Investment Agreement Negotiations and China's Policies

Of late,Chins’s joining in the WTO has again claimed the focus of attention at home and abroad.What is most talked about at home is

Henan Province's Preferential Policies for Foreign Investment

1.Management of Foreign-invested Enterprises The Henan Provincial Government protects the autonomy of production and management of foreign-invested enterprises, and supports their management according to international advanced scientific methods.

Preferential Policies of Qinghai for More Foreign Investment

For the sake of attracting more foreign investment, the Qinghai Government issued the Preferential Methods for More Foreign Investment in Qinghai in 1992, which was amended on March 1, 1995. The main contents are as follows: ——Foreign-funded enterprises will enjoy superiority in the arrangement of supplies of water, electricity, gas, raw materials, materials, land, basic construction, transport, telecommunications, loans and labour.

PREFERENTIAL POLICIES OF TIELING TO ENCOURAGE FOREIGN INVESTMENT

Referring to related national andLiaoning provincial policies,theTieling Municipal Governmenthas put forward preferential policiesin the following areas to encouragethe development of foreign-fundedenterprises. 1. Productive enterprises wholly-orpartly-funded by foreign

New Aspects in Foreign Investment Policy

In the wake of the further expansion of China’s opening to the outside world in recent years, quite a few aspects have been supplemented to the policies of absorbing direct foreign investments.

Preferential Policy Toward Investment And Recruitment

Major preferential policy toward enterprises with foreign investment and high and new technological enterprises: —A preferential 15 percent income tax reduction will be levied on foreign investment and high-tech and new technological enterprises in industrial parks. Those in operation for more than 10 years will be exempt from income

Macroeconomic Uncertainty, Fund Demand and Corporate Investment

Using a unique set of data on fund use by China＇s listed companies, this paper examines how macroeconomic uncertainty works on corporate investment. The study shows that macroeconomic uncertainty affects corporate investment behavior through the three channels of external demand, liquidity demand and long-term fund demand, However, the result is influenced by expectations and can differ across firms depending on their economic cycle, shareholder character, industrial character and the financial constraints they are exposed to. Specifically, high macroeconomic uncertainty can weaken the positive roles of these channels, especially those of external demand and liquidity demand, in driving corporate investment. During economic upturns, the effect of these channels is the most evident among state-owned firms, manufacturing firms and low cash dividend firms. The lessons from this study are that macroeconomic policies should be leveraged taking account of the channels through which economic shocks find their way, and monetary policies have to be implemented by targeting microscopic fund demand.

Influence of the Auto Industry Development Policy upon Foreign Investment

But in the non-capital market, the practices in some JVs have already broken the rule.For example, Dongfeng Yueda Kia. When it was established, Dongfeng and Yueda held25 percent shareholding respectively and Kia the remaining 50 percent. In fact, theforeign side is the holder of the company.

Why did China Benefit from a Joint Venture Policy? A Case Study of Shanghai

Mandatory joint venture requirements have played an important role in many developing countries ＇foreign investment policies. However, such policies have been criticized in some of the economic literatures on the grounds that they deter investment and lead to the development of inefficient industries. A significant amount of foreign direct investment in Shanghai has been in the form of joint ventures. Yet, by many measures, Shanghai has benefited enormously. This article argues that there are three reasons to explain Shanghai＇s successful use of the joint venture for its industrial development. First, local firms and industries have had the capability and willingness to learn from joint ventures and other foreign invested firms. Second, the joint venture policy has been more likely than not to have ＂crowded in ＂ local investment rather than crowd it out. Third, investment authorities in Shanghai have had sufficient bureaucratic capacity and political insulation to prevent the joint venture policy from being manipulated by rent seekers.

Portfolio Optimization with Uncertain Exit Time in Infinite-Time Horizon

In this paper, we study infinite-period mean-variance formulations for portfolio selections with an uncertain exit time. We employ the convergence control method together with the dynamic programming algorithm to derive analytical expressions for the optimal portfolio policy and the mean-variance efficient frontier under certain conditions. We illustrate these results by an numerical example.

The policy of private enterprises to invest overseas released

To implement the "A number of opinions from the State Council to encourage and guide private investment in the healthy development "(Guo Fa [2010] No.13),give full play to the important role of