New guidelines to attract foreign investment

GUANGZHOU - Senior overseas executives and high-tech personnel in Guangdong's provincial capital will be able to apply for multi-journey visas valid for 2 to 5 years after a new regulation comes into effect later this year.

Legal representatives, general managers, deputy general managers and financial directors from overseas will also be able to apply for a Guangzhou five-year residence permit, according to the Implementation Guidelines for Promoting the Use of Foreign Investment.

The 19-article document issued by Guangzhou city government is expected to come into effect in the second half of the year.