Foshan, a manufacturing hub with a trillion-dollar production sector in South China's Guangdong province, has launched a new service that allows investors'qualification certificates for foreign corporations issued in Foshan to be recognized in Beijing's Fengtai district and Hangzhou City of Zhejiang Province, according to a latest 30-point action plan released this week to stabilize foreign investment.
Foshan
Under this initiative, foreign enterprises established in the three regions can now invest in the other two areas by submitting only photocopies of their qualification documents. This measure streamlines cross-regional investment procedures by simplifying the traditional notarization process.
The Action Plan calls for the expansion of market access for foreign capital, streamlining red tape for foreign investment, and providing full-cycle services to support foreign nationals in local exchanges.
The plan proposes solutions that include equal and preferential policies for foreign investment in key areas, lower entry thresholds, prioritized tax support, personalized policy assistance, procedure "green channels," one-stop online documentation services, financial liberalization measures, and wider financing leeway.
The plan also prioritizes channeling foreign investment into the following sectors: high-end equipment, biopharma, new energy and storage solutions, low-altitude economy, modern agriculture and food processing, advanced materials, the pan-home furnishing sector, and modern services.
According to the plan, work permits and residency procedures, including permanent residency applications, APEC Business Travel Card processing for Chinese passport holders in foreign-funded companies, and five-year, 180-day M visa issuance for eligible foreign business people and their families will also be simplified through digital platforms and mutual recognition of qualifications.
Neighboring the provincial capital city of Guangzhou, Foshan ranks 6th nationally in industrial scale, with manufacturing accounting for nearly 60% of its economy. As of Q1 2025, Foshan is home to over 8,000 foreign-invested companies, with cumulative utilized FDI reaching USD 22.2 billion. Global industry leaders, including Honda, Nidec, Aisin, and Toray, have established manufacturing bases or R&D centers here.
For more details, please click here (In Chinese).
Reporter | Huang Xinyi
Photo | Nanfang Plus
Editor | Hu Nan, James, Shen He
