Authorized by the Hubei province and Wuhan Municipal Government, the zone relies mainly on funding from Taiwan, while also attracting investors from other countries and regions. It was established in 1992. On January 19th, 2000, the Wuhan Wujiashan Across-Staits High-tech Development Zone was approved by the State Council Taiwan Business Office and Science & Technology Department. It is a national high-tech zone and covers an area of 1 square kilometer. The zone carries out the state's policies on encouraging Taiwan-based and foreign enterprises and the policies that are specially made for the zone by the local government. The investors enjoy favorable treatment in all aspects in the zone.

The administrative organization is fabulous. The management committee of the investment zone is composed of representatives from the local government and the well-known Hong Kong and Taiwan financial groups. It's the first example of a new system in which overseas investors are invited to attend administration functions.

Transportation to the zone is convenient. The zone is only 12 kilometers away from the center of the city, and 7 kilometers from the Hankou New Railway Station, 18 kilometers from the Whuhan Tianhe international Airport, 20 kilometers from the Qingshan Foreign Trade Wharves. There are 8 main passages in the zone: they are the 107 National Highway (Beijing to Shenzhen), the HanYu Railway (Wuhan to Chongqin), and Highway and Middle Ring Highway, Tianhe airport highway. All together, they form a three-dimensional communication network with the zone at the center.

The administrative organizations and legislation are well-amplified. The network of finance and insurance, culture and education, entertainment and other services are all ready. The customs and commercial inspection department will set up a branch office in zone.

Source: http://english.cnhubei.com