hb.dzwww.com - Jinan, August 7 (Reporter / Kong Xiu, Bai Xuefei) In order to better expand high-quality investment promotion and facilitate sound and healthy development of foreign-invested enterprises, Shandong Provincial People’s Government issued “Several Measures for Further Utilization of Foreign Investment in Shandong Province” today.

In terms of five aspects, namely, promoting high-level opening-up, enhancing investment promotion, improving investment service quality, reinforcing investment protection measures and strengthening organization guarantee system, 20 measures were put forward in the document, including expanding foreign investment access, extending foreign investment field, supporting pilot projects in pilot free trade zones, establishing international brands for investment promotion, innovating the mode of investment promotion, strengthening the idea of “allocating essential productive factors according to projects”, supporting innovation and entrepreneurship of foreign high-end talents, alleviating tax burden on enterprises, optimizing administrative supervision and improving the working mechanism for coordination.

Especially in regard of enhancing investment promotion, it’s mentioned that focusing on building international brands for investment promotion, optimizing “Select Shandong” cloud platform and launching “Qingdao Multinationals Summit” , “Shandong Connecting with Global Fortune 500”, “Great Business Partners” and other events have become important measures to utilize foreign investment.

As a pillar of investment promotion, “Select Shandong” cloud platform is a public service platform in Shandong for promoting investment and recruiting talents. This platform was sponsored by the Department of Commerce of Shandong Province, and undertaken by Shandong Province Internet Media Group. Since the launch of first session of Great Business Partners in 2018, some databases have been established, such as cooperation projects, key industry talents, talent demand, customer resources and M&A. With big data, cloud computing and AI technologies, the platform integrated Chinese and foreign resources, such as projects, talents, capital, policies and think tank, accurately matching online and offline businesses.

Since its launch, the platform has been promoting cooperation via activities and accurately matched with overseas market. About 100 promotion meetings, investment matchmaking meetings and special road shows have been planned and organized, together with Global Fortune 500, multinational companies, renowned investment banks and overseas chambers of international commerce. Near 500 projects have been promoted, with foreign-invested projects having exceeded 2 billion dollars. Targeted policies have been made for 40,000 foreign-funded and foreign trade companies, which contributed to great achievements.

In February this year, “Select Shandong” cloud platform launched “online investment promotion fair”, which was officially promoted by Ministry of Commerce of People’s Republic of China. This event has become a model for accelerating work resumption in foreign-funded enterprises and promoting foreign investment.

In order to better match with overseas resources and promote international economic and trade cooperation in Shandong, “Select Shandong” cloud platform will organize 10 cloud roadshows for international economic and trade cooperation in the second half year. Person in charge from Chinese and overseas leading enterprises, chambers of international commerce and foreign institutions stationed in China will be invited to take part in the promotion roadshow of different cities in Shandong via “Select Shandong” cloud platform.