According to the information from the public meeting of foreign investment registration practice held by the Bureau of Commerce and Industry of Jiaxing in the afternoon September 10, 2009, Jiaxing is going to soften the checking and approval provisions. Foreign investment enterprises will be allowed to use such new terms as Modern Logistics , Service Outsourcing , Creative Design as their professional expressions.
Import and export enterprises will be allowed to directly use import and export trading terms in their names. Enterprises will be supported in revitalizing their assets and solving their problems in financing by enlarging foreign investment in stock rights and stock rights pledge.
By the end of August 2009, there have been altogether 2,956 foreign investment corporate enterprises with a total investment of 20,900.06 million dollars, and a registered capital of 11,742.86 million dollars. Most of them are foreign sole investment enterprises and joint ventures from Asian countries and regions. The largest amount of investment is from Korea. The investment is mainly focused on the second industry. Form January to August of 2009, 66 foreign investment enterprises were set up in the second industry, accounting for 72.53% of all.
