State Council issued the Opinions of the CPC Central Committee and the State Council on the Promotion of the Rise of the Central Region ((2006) Zhong Fa No.10), stipulating the following preferential fiscal and taxation policies which the central treasury shall adopt to promote the rise of the central region.
Hubei provincial committee and government promulgated the Opinions on the Promotion of the Development of Bioindustry in January 2011, which makes specific provisions for implementing the "Green Channel" system of investment projects.
The Opinions on the Implementation of the "Two Loops, One Belt" Strategy to Accelerate the Construction of the Strategic Fulcrum issued by Hubei provincial committee and government makes the following provisions concerning the investment policy and talent policy
Financial institutions that have built the office occupancy in Hubei province for their own use will, after making full payment of the land transferring fees, obtain a one-time subsidy equivalent to the amount paid for the self-use occupancy from the local government.
Business tax will be exempted for the income gained by foreign-invested enterprises, research and development centers established with foreign investment, foreign enterprises and foreign individuals from the transfer and development of technology as well as other related businesses such as technical consultation and services.
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