A total of 5,101 new market entities were added in the Wuhan Economic & Technological Development Zone (WHDZ) in Wuhan, Central China's Hubei province, in the first half of 2021, a year-on-year growth of 46.49 percent, according to local media reports.
In recent years, the development zone has continued to streamline government and delegating authorities, and optimize services.
In April last year, the WHDZ provided a series of supporting policies for enterprises to help turn self-employed businesses into enterprises.
In addition to enjoying preferential policies on taxation, finance, and social security issued in the province and Wuhan city, these companies can also enjoy a number of characteristic services such as a registration agency, accounting service subsidies, free training, free legal consultation, and free physical examinations for employees.
In the next three years, the development zone will cultivate 100 self-employed businesses into small- and micro-sized enterprises each year, and cultivate 30 service industry and commerce enterprises.
Since the beginning of this year, the zone has added 22 new large-scale enterprises with a registered capital of more than 100 million yuan ($15.48 million) each.
With the introduction of key industrial projects covering new technologies, new industries, and new business formats such as major industrial projects from Xpeng Motors, China Lithium Battery Technology Co, SPIC Hydrogen Energy Co, and Lotus Technology Global Headquarters, the development zone's next-generation automotive ecosystem is accelerating the attraction of projects, talents and resources.
In the first half of the current year, 12 foreign-funded enterprises were newly established in the zone, a year-on-year increase of 71.42 percent.
The registered capital of newly established foreign-funded enterprises reached 1.82 billion yuan, and the total investment reached 4.99 billion yuan, an increase of 81.56 percent and 225.71 percent year on year respectively.
