SMM News: recently, the Guangdong provincial government issued a number of measures to further stabilize foreign investment in Guangdong Province, proposing to implement the policy of expanding market access for foreign investment. We will fully implement the management system of national treatment plus negative list before the entry of foreign investment, encourage foreign investment in the field of new energy vehicles, and relax the restrictions on the ratio of foreign investment shares in commercial vehicle manufacturing. Foreign parties that support Sino-foreign joint venture passenger car enterprises transfer the average fuel consumption and new energy vehicle points in accordance with the regulations. For foreign-funded headquarters enterprises that contribute more than 100 million yuan for the first time in the provincial financial year, the provincial finance shall give an one-time reward of 30% of their contribution to the provincial finance in that year, with a maximum reward of 100 million yuan.
