Pingtan Island to benefit from proximity to Taiwan

Pingtan Island in East China's Fujian province, the nearest place on the mainland to Taiwan, will adopt a new set of policies to support the development of investment from Taiwan, senior officials said on Wednesday.

Wang Dongfeng, vice-minister of the State Administration of Industry and Commerce, said the agency has enacted 16 policies to facilitate the registration, licensing, advertising and trademark administration of Taiwan-funded enterprises.

"The new policies have expanded the jurisdiction to our local offices in Pingtan for overseas company's registration and other functions, which will make it more convenient and put fewer limitations on market access from Taiwan enterprises," Wang said.