Haikou introduces preferential policies to boost headquarters economy
By Ma Zhiping and Liu Xiaoli in Haikou | China Daily | Updated: 2018-06-08 07:42
Haikou, capital city of China's southernmost Hainan province, has introduced a set of preferential policies to attract global conglomerates and boost the development of its headquarters economy, it was announced at a news conference on Wednesday.
The move, targeting Fortune Global 500 companies, leading industrial conglomerates and internationally well-known enterprises and organizations, is an initial step to encourage growth of a headquarters economy in Haikou.
Under the preferential policies, a transnational corporation will get 3 million yuan ($470,000) as a reward for establishing its headquarters or regional headquarters in Haikou, and for an international organization, the reward is 2 million yuan.
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