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INVESTMENT GUIDING

 

Contents

  • Brief Introduction of Wuhan City
  • Livable Natural Environment
  • Center of China’s Economic and Geological Map
  • Favorable Transportation
  • Strong Science and Education Strength
  • Complete City Functions
  • Solid Industrial Base
  • Growing Internationalization
  • Dynamic Growth Momentum
  • Development Objectives
  • Investment Incentive Policies
  • Application Materials for Establishment of Foreign Investment Enterprises

 

Brief Introduction
 
Wuhan is a national central city and the political, economic , cultural , commercial and financial centre in Central China. It sits at the intersection of the Yangtze River and its largest tributary, the Han River. Wuchang, Hankou and Hanyang, the three towns that make up Wuhan, face each other across the rivers.
 

  • More than 3,500 years of history
  • Covering 8,596km²
  • 10.6 million permanent resident population

 
Livable Natural Environment

Wuhan is embraced by forests and stud with lakes. The Yangtze River and Han River join here. The greenery coverage in built-up area reaches 38.19%. There are 166 lakes and 165 rivers, altogether making up one quarter of city’s total area. East lake, covering 33km², is the largest downtown lake in the world.


Center of China’s Economic and Geological Map

  • 90% GDP and 80% population of China covered within a 1,000km- radius around Wuhan.
  • National strategy:Construct National Central City
  • Pivot city in national strategy -- Rise of Central China

Favorable transportation

Thoroughfare to nine provinces and the flyover of China
Wuhan historically has been known as ”the leading thoroughfare to nine provinces” and is China's largest transportation hub for land, water and air travel. It is also the center of national high speed railway network.
  • Airway: Hub of international flights in Central China. 40 direct international flights to Paris, Moscow, los Angeles, San Francisco, Singapore, Tokyo, Seoul, Sydney, Melbourne, Dubai, Rome, etc.
  • Waterway: No.1 inland river port of Yangtze river. The river-sea-through route starting from Wuhan New Port, has been connected to international ocean liners, enabling it to reach every corner of the world.
  • Railway: 8 national trunk railways join here, making Wuhan the center of national high speed railway network. Wuhan has also opened an Asia-Europe freight train which travels along the route of Wuhan-Xinjiang-Europe.
  • Highway: 14 expressways join in Wuhan
  • Railway transit: 125.4km-long rail transit in operation now. Planning to build 215km-long by the year of 2017.

 
Strong Science and Educational Strength

Wuhan is one of important science and education bases in China. With various disciplines, its comprehensive science and education strength ranks No.3 among large cities in China.

  • 85 institutions of higher learning,
  • 1.2 million on campus students, ranking No.1e in the world.
  • 109 research institutions
  • 72 academicians from Chinese Academy of Sciences and Chinese Academy of Engineering
  • 27 state-level key laboratories, state-level laboratories and state-level engineering laboratories.
  • 27 state-level engineering technology research centers.
  • 23 state-level enterprises technology centers

 
Complete City Functions

Wuhan is the largest commercial and financial centre in Central China. Its commodities can reach nearly 400 million people in neighboring 5 provinces. It also boasts abundant medical resource and education facilities. Wuhan is known as a famous historical, cultural and tourism city. In 2015, the total retail sales of consumer goods of Wuhan reached CNY 510.224 billion.

  • More than 1000 commercial entities
  • 398 foreign and domestic financial institutions (including 8 foreign banks)
  • 266 Hospitals and more than 72,800 beds
  • 1097 kindergartens and 588 primary schools
  • 365 middle schools and 108 secondary vocational and technical schools.

 
Solid Industrial Base

Based on its formation of three towns, namely Wuchang, Hankou, and Hanyang, Wuhan will construct 9 industrial clusters and 4 industrial agglomeration areas which are big Optics Valley Area, Capital of Automobile, Airport Economic zone and Heavy Chemical Industry Base.

9 Industrial Clusters:

  • Automobile
  • Equipment Manufacturing
  • Petro-Chemical
  • Bio-medicine
  • Home Appliances
  • Energy and Environment Protection
  • Electric Information
  • Iron and Steel
  • Food Processing

 
Growing Internationalization

Wuhan ranked 8th in the City Momentum Index published by Jones Lang LaSalle in April, 2015.

Wuhan is becoming more and more internationalized each year. France, US, South Korea and Britain have set up Consulate General in Wuhan successively, which can process visas locally.

  • 6,515 foreign-capital investing Enterprises
  • 230 World Top 500 Enterprises

Dynamic Growth Momentum

In 2015, the GDP of Wuhan reached CNY 1090.56 billion, ranking No. 8 in China, and the No. 3 among sub-provincial cities.
  • In 2015, the gross output value of industry enterprises above designated size reached CNY 772.526 billion.
  • Fixed asset investment reached CNY 772.526 billion.
  • Per capita disposable income for urban residents reach CNY 36,436, up by 9.5%.
  • Over CNY 347.7 billion fiscal revenue in 2015.

 
Development Objectives
 

To change Wuhan into National Central City and International Metropolis.
  • National Innovation Center
  • National Advanced Manufacturing Center
  • National commerce and Logistics Center

Investment Incentive Policies

Manufacturing Industry
[
Some Opinions On Promoting The Development Of Manufacturing Industry ]
  
  • Tax exceptation for equipment imported by foreign-invested enterprises.
  • Lower corporate income tax for High New-Tech enterprises.
  • Tax rebate for reinvestment by foreign-invested enterprises. 
  • Subsidy for key SMEs’ technical transformation.
  • R&D subsidy and financing guarantee for key enterprises.
  • Financial subsidy for enterprises exploring international market. 
  • Reduce or remit administrative and institutional charges. 
  • Subsidy for eligible projects which is in promotion to their actual fixed asset investment.

 
Financial Industry 
 [ Wuhan Policies and Measures to Encourage the Development of Financial Industry ]

  • Special fund to boost the development of foreign financial institutions. 
  • Financial support for newly set-up headquarters of financial institutions in Wuhan for 3 years starting from their establishment year in accordance with their contribution to the municipal level fiscal revenue.
  • Lump-Sum financial support for newly set-up headquarters of financial institutions in Wuhan which is equal to 1% of their registered capital.
  • Lump-sum housing subsidy for owner-occupied office buildings purchased by newly set up financial institutions in Wuhan.

 
Service Trade

  • Financial support 
  • Tax incentives 
  • Financial services 
  • Service trade innovation-driven Development Guiding Fund 
  • Facilitating measures

 
Headquarter-Economy
[ Policies and Measures to Encourage the Development of Headquarters Economy ]

  • Subsidy for eligibleable headquarters newly introduced into Wuhan. 
  • Financial support for office buildings of eligible headquarters enterprises. 
  • Financial support for headquarters reaching a certain scale in terms of operating revenue. 
  • Green channel for talents of headquarters enterprises.

 
Talents
[ Wuhan “City Partner” Program ]

  • Policies for industry leading talents. 
  • Policies for famous venture capitalist. 
  • Policies  for outstanding young innovative talents and entrepreneurs 

 
Scientific&Technological Innovation 
[
Policies and Measures to Encourage Enterprises to Increase Scientific& Technological Innovation Capability ]

  • Encourage enterprises to invest more in R&D, proportional subsidy for High& New-Tech Enterprises’ investment in R&D. 
  • Lump-sum reward of 100,000 RMB for newly approved High&New Enterprises. 
  • Support enterprises to build national, provincial and/ or municipal innovation platforms. 
  • Set up “Angle Found” and “Bronze Found” to support innovation. 
  • Guide enterprise to develop intellectual  property rights
  • Technology transfers and technology trading activities encouraged.



Application Materials for Establishment of Foreign Investment Enterprise

  • Application for Establishment Registration of Foreign Invested Enterprise
  • Approval documents from the assessment and approval authorities
  • Company contract and Article of Association signed by the investing parties
  • Pre-approval notification to the Company Name Registration of the foreign-invested Enterprises
  • Proof of Entity qualification or proof of natural person identification as investors
  • Credit certificate issued by the bank of deposit of the Investor
  • Letters of Appointment and copies of identification proof of the members of the board, the supervisors, the manager and the legal representative
  •  Certificates of company domicile
  • Other materials as requested
 






Resource: the information is from the Wuhan Investment Guide by the Wuhan Commerce Bureau and the Wuhan Investment Promotion Bureau of 2016, compiled by Wuhan Dreiburg Business Consulting Co., Ltd.

 










 

 
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