What are the country’s preferential policies for Xinjiang?

Increase the proportion of central fiscal construction funds used in the western region; allocate various loans to as many projects in the western region as possible; adopt various methods to raise and arrange special funds for the development of the western region; encourage corporate funds to invest in the western region major regional construction projects.

The state will arrange the development and utilization of agriculture, water conservancy, transportation and energy facilities, advantageous resources, distinctive high-tech and military-to-civilian technology industrialization projects, giving priority to the western region. The allocation of special central subsidy funds and fiscal poverty alleviation funds is focused on the western region.

In principle, domestic enterprises of all types of ownership are allowed to enter investment fields open to foreign investors. The approval procedures for foreign investment projects will be simplified accordingly.

Implement preferential tax policies, and domestic-funded enterprises and foreign-invested enterprises located in industries encouraged by the state in the western region will be levied a corporate income tax at a reduced rate of 15% within a certain period. Enterprises in ethnic autonomous areas can regularly reduce or exempt corporate income tax upon approval.

For newly established enterprises in transportation, electric power, water conservancy, postal service, radio and television, etc. in the western region, corporate income tax will be exempted for two years and levied at half rate for three years. In order to protect the ecological environment, the income from agricultural special products produced by returning farmland to forests and grasslands will be exempted from agricultural product taxes for 10 years. Domestic-invested encouraged industries, foreign investment-encouraged industries and self-use advanced technology and equipment in advantageous industries in the western region are exempt from tariffs and import value-added tax.

Implement preferential policies for land and mineral resources. For barren mountains and wastelands, a policy is implemented in which whoever afforestation and planting grass has the land use rights and forest and grass ownership rights. Various economic organizations and individuals can apply to use state-owned barren mountains and wastelands in accordance with the law to carry out ecological environment protection construction such as restoring grass planting, and can obtain state-owned land use rights by transferring them. The transfer fee will be reduced or reduced, and the land use rights will remain unchanged for 50 years. After expiration, you can apply for renewal, and can be inherited and transferred for a fee. Formulate policies and measures to promote the legal assignment and transfer of exploration and mining rights and cultivate the mining rights market.

Expand the field of foreign investment. Encourage foreign investment in infrastructure construction and resource development, build technology research centers, expand pilot projects for foreign investment in banking, commerce, and foreign trade to provincial capitals and capital cities, allow foreign banks to gradually operate RMB business, and allow investments in telecommunications, insurance, tourism, and accountants , law firms, freight, municipal and other fields. In the western region, we will carry out pilot projects to utilize foreign capital in the form of BOT and pilot projects to utilize foreign capital in the form of TOT.

Foreign investment projects are allowed to carry out project financing including RMB. Support qualified foreign-invested enterprises in the western region to be listed on domestic and overseas stock markets.

Ease conditions for attracting foreign investment and establishing foreign-invested enterprises in the western region, and relax restrictions on foreign shareholding ratios for establishing foreign-invested enterprises in the western region.

Expand the autonomy of manufacturing enterprises in the western region in foreign trade operations, relax restrictions on entry and exit of personnel, and give appropriate care to the import of urgently needed technical equipment. Implement more preferential border trade policies and relax restrictions on export tax rebates, import and export commodity quotas, license management, and personnel exchanges.

Support enterprises in the eastern and central regions to cooperate in various ways such as investing in setting up factories in the western region, participating in equity participation, acquisitions and mergers, and technology transfer.

Strengthen the attraction of talents and the development of science and technology education in the western region. Strengthen the work of introducing foreign intelligence in the western region.