To date, a Taiwan-invested real estate developer has handed in the most taxes in the Pingtan Comprehensive Pilot Zone, Fujian, this year, according to taxation authorities, Pingtan Times reported Tuesday, May 9.

Haixia Ruyi City Construction & Development Co has paid 52.84 million yuan ($8.6 million) in taxes in the first four months, accounting for 10.47 percent of the total amount in Pingtan, making it the largest taxpayer, said the local taxation bureau.

The company has sold 1,314 units of commercial houses in its real estate project near the Jinjing Bay area. Total taxes of 77.18 million yuan have been paid from sales amounting to 1.09 billion yuan.

As of April 8, a total of 101 Taiwan-invested enterprises have settled in Pingtan, the first pilot zone opening up to Taiwan on the Chinese mainland. The aggregate investment by the 101 enterprises amounts to $318 million, a 27.5-fold increase from four years ago.

The flourishing investment environment can be attributed to preferential policies by the State Administration for Industry and Commerce, which include simplified registration procedures, protection of enterprise rights and a better mechanism for industrial and commercial management.

Edited by Chen Zhilin and Michael Thai