The Hechi municipal government released a series of incentive policies on June 11, in a bid to attract businesses from outside the city to come and settle down and develop there.
Hechi’s business investment team will take charge of overall planning and implementation of major investment projects and will focus on project reserves, the signing, and settlement.
Any companies with 50 million yuan ($10 million) in fixed asset investment will get a refund on local added-value and income taxes for the first 2 years and a 50-percent reduction for the 3rd - 5th years.
