Northeast China’s Jilin province has actively made greater efforts on the reform and opening-up to the outside world, aiming to promote high quality development.

This year’s Jilin government work report pointed out that opening-up would become the only road for Jilin’s development, and the province should not only open to the domestic market, but also to the outside world.

The provincial financial department has tried to attract social and private capitals to invest in Jilin so as to back up its real economic development.

The financial department has provided subsidies to the innovative and high-tech companies to support their research and growth. The amount of the subsidies ranges from 100,000 yuan ($14,815) to 600,000 yuan.

The government has rolled out a series of measures to give preferential tax relief. The taxes include value-added tax, corporate income tax and property tax.

We will track on the changes of the national tax policy and ensure all tax and fee reduction policies take root, said Ma Shizhong, deputy inspector of the Jilin Provincial Tax Bureau.

The government also urged to take more efforts towards the opening-up to the outside world in the financial sector, according to a document on measures and policies for the opening-up in the province.

Jilin’s financial department will try to promote the establishment of a national joint-stock commercial bank in the province so as to improve the financial institution system.

Besides, the department will also encourage an influential foreign bank to set up its branch in Jilin.

Furthermore, the department will also apply and set up a consumer finance company and carry out trials of the comprehensive reform of rural finance in the province.