Yichun Industrial Development Zone in Jiangxi Province of China
Overview
Project: the local government calls for investments in the area of 2000 mu commercial land estate (1 mu = 666.67sq meters)
Geography
The Yichun Industrial Development Zone which is located at the pivotal area adjacent to Zhejiang, Fujian, and Hunan province covers a total area of 15 square kilometres. With the population of 5.2 million people it is the largest industrial and commercial city at the western area of Jiangxi province.
There has been fairly convenient road, train and air transportation system readily available for use in the area. The driving journey only takes about 2 hours away from the capital city Nanchang of Jiangxi Province, and around 8 hour trip to Xiamen or Shanghai. The 320 National Highway just goes across the zone.
Garden Industrial Environment
■ The ratio of green coverage reaches 45%.
■ The mixture economy of manufacturing, living, and tourism at local, which is rarely found in China elsewhere, consists of the green reserve of the zone, Mingyueshan National Forest Park which is only 15 km away, and the tourism resort featured with the resource of earth warm mineral springs.
■ Well known zoological city is the green brand name of the development zone.
■ Well established power supply and drainage system directly connected to the premises of the industrial park.
■ International standard industrial property available for lease.
■ Well established road system.
■ High standard and volume telecommunication facilities.
■ Centrally controlled heat and steam supply system.
■ High standard living area.
Affiliated Industrial Parks
■ There have been quite a dozen of foreign companies that have invested in the zone, such parks namely as “Comprehensive Industrial Park”, “Pharmaceutical Industrial Park”, “Mechanical & Electrical Industrial Park”, etc that have been formed respectively.
Low Costs
■ Yichun Region has 6 counties, 3 cities, and 1 district under the direct administrative control, it is very rich in skillful labour resource, and also occupational training system.
■ Low level costs on electricity, water supply and irrigation system, leading to low business operational costs.
■ Yichun is a traditional major market place for agricultural products in China.
■ Ample forest reserves in the region, which is on the top of the nation’s list.
■ The reserves of tantalum columbium, lithium, silicon ash rock are on the top of the nation’s list.
Quality and Efficient Service System
■ The “One-stop” service procedure for all administrative matters.
■ Preferential policies to ensure the best rewards for investors.
■ The Administrative Committee of the development zone is responsible for providing efficient, quality, and non-for-profit services.
■ Commodity inspection, customs services are provided for the convenience of imports and exports.
Procedure for Investments
Project Assessment
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Verification by the Industrial & Commercial Bureau
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Assessment on contracts and charters by the Foreign Trade & Economic Cooperation Bureau
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Corporation Code Issued by the Technical Supervision Bureau
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Approval Certificate issued by the Foreign Trade & Economic Cooperation Bureau
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Application and Registration with the Industrial & Commercial Bureau
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Registration for foreign exchange administration
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Registration for taxation affairs
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Registration for customs affairs
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Verification on registration capital reference
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Approval Certificate, Business License, Corporation Code Reference, Foreign Exchange Account, Taxation Registration Reference, Customs Registration
Process Flowchart for Investments
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Wholly foreign invested enterprise |
Joint venture, or cooperative enterprise |
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Representative commissioned by a foreign investor(s) to lodge an application |
Assessing on a report on a project feasibility study
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（New project assessed by the Planning Committee，Technical renovation assessed by the Economic & Trade Committee）
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Approved by an people’s government being over the county level to set up an wholly foreign owned enterprise |
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Verification on the business name by the Industrial & Commercial Authority |
Verification on the business name by the Industrial & Commercial Authority
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Assessing on the feasibility study report by the Foreign Trade & Economic Cooperation Authority |
Assessing on contracts and charters by the Foreign Trade & Economic Cooperation Authority |
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Corporation Code Issued by the Technical Supervision Bureau |
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Approval Certificate issued by the Foreign Trade & Economic Cooperation Authority |
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Application and Registration with the Industrial & Commercial Authority |
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Foreign exchange registration
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Taxation registration
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Financial registration
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Customs registration
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Registration capital verification by registered accountant
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Formats for Investments
⑴ Joint Venture
⑵ Cooperative Operations
⑶ Wholly owned operations
⑷ Made to samples; made to orders with supplied materials; assembly with supplies; compensation trade.
⑸ Purchasing, share holding, and leasing of local firms.
⑹ Others
Directions for investments ⑴ Industrial projects: large scale, new-hi tech, with great prospect, complying with the industrial policies of the state and the development of industrial zones and parks.
⑵ Agricultural projects：agricultural industrialization, especially model technological projects, modern agricultural projects, projects of large scale whole sales market, forest base for industrial raw materials supply, as well as ramie, high grade rice, cattle, oil camellia, kiwifruit, Chinese herbs, bamboo.
⑶ Infrastructure: urban road system, bridge, flood prevention, steam supply, waste treatment, sewerage treatment, public park, project of large scale specialty wholesale markets, inter county and village roads renovation.
⑷ Tourism development: focusing on the development of the mountains and tourism resorts at the surrounding areas, and promotion of building up above 3 star hotels and facilities in Yichuan City.
Restrictions are set on those low level and repetitive development projects, as well as those that cause heavy population and detrimental industrial projects and those that are even restricted by the policies on industrial development in other countries.
Please forward your enquires to Mr. Yao at 28424076@163.com, or Mr. Sun at daniel.sun@yahoo.com.cn for detailed information.
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