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Shandong Province Introduces 20 Practical and Conducive Initiatives to Stabilize Foreign Investment

Source：Haibao News 07-04-2025 09:00:00

To thoroughly implement the national strategies for stabilizing foreign investment, the Department of Commerce of Shandong Province and the Shandong Development and Reform Commission have recently jointly issued the Implementation Plan for Stabilizing Foreign Investment in Shandong Province by 2025 (the Implementation Plan), which includes 20 practical and conducive initiatives.

The Implementation Plan further explores innovative approaches based on the national core framework for stabilizing foreign investment while incorporating Shandong's local characteristics. To take the initiative to open wider in a well-ordered way, it proposes that Shandong should seize the opportunity of Qingdao being approved as one of the cities included in the program to conduct a new round of comprehensive pilot programs for expanding opening-up in the service industry, striving for breakthroughs in proactive opening up of cultural fields like film production. In addition, the province shall make all-out efforts to secure positions in the new rounds of pilot programs for expanding opening up in telecommunications, healthcare, education, and other sectors. It is also necessary to support foreign-funded enterprises in participating in the segmented production of biological products, encouraging them to conduct clinical trials of overseas-approved cell and gene medicines in Shandong. Moreover, a three-channel fast-track approval system for registration applications of transferring overseas-produced medicines to Shandong should be implemented, thereby promoting orderly opening up in the biopharmaceutical sector.