Investment policy

In line with subsequent negotiations of the Economic Cooperation Framework Agreement (ECFA), policies to loosen the limitations on market access for Taiwan capital and the share ownership rights will be researched, with support for relevant trial operations in the Pingtan Comprehensive Pilot Zone.

Financial policy

(1) Taiwan-based financial institutions are encouraged to set up their operational facilities or banking branches in Pingtan.

(2) Eligible Fujian-based banking institutions, foreign currency exchange agencies, and franchised operation institutions for NTD foreign currency exchange are allowed in this zone.

(3) Eligible Taiwan-funded financial institutions are encouraged to establish securities and fund management joint ventures in Pingtan in accordance with laws. Trial operations are also encouraged to support the gradual opening of the mainland securities sector to Taiwan capital.

(4) Banking institutions in the zone are allowed to launch inter-bank RMB and NTD currency accounts with Taiwan-based banks; eligible banking institutions in the zone are allowed to open RMB and NTD accounts for domestic and overseas enterprises and individuals.

(5) Taiwan-invested enterprises in the zone are allowed to issue RMB bonds, and the issuance will be explored in the Hong Kong market.

Policy for direct exchanges across the Straits

(1) Pingtan is encouraged to set up a water transport port and build cross-Straits high-speed cargo-passenger roll-on/roll-off ports in Dong'ao Bay and Jinjing Bay as direct shipping terminals for Taiwan and to serve as a convenient shortcut across the Straits.

(2) Pingtan allows eligible Pingtan residents and other mainland residents, investing or working in the pilot zone, to apply for one-year multiple-entry endorsement to Taiwan. On the basis of actual requirements for personnel exchanges across the Straits and development of the zone, it will simplify entry-exit formalities for personnel exchanges across the Straits.

(3) Based on current management regulations on overseas drivers and vehicles, the ability to issue temporary license plates will be delegated to vehicle administration authorities in Pingtan; Taiwan motor vehicles with temporary license plates are allowed to enter and exit Pingtan without limitation within a valid term.

Policies for living and employment for Taiwan residents

(1) Pingtan allows professionals from Taiwan construction and medical institutions to run their business in the zone, with certificates issued by Taiwan authorities.

(2) Taiwan residents who live and work in the Pingtan Comprehensive Pilot Zone are eligible to be covered by social insurance in the zone, including endowment insurance and medical insurance, in accordance with relevant national policies and regulations.

Supportive policies for land

(1) Comprehensive trial operations of land management and reform are encouraged, and new measures and policies regarding land management and reform will be explored.

(2) Priority will be given to ensure land for development and construction in the pilot zone. The Fujian People's Government will give priority to and attend to land use plans and quotas.

(3) The zone will develop and utilize islets and seawaters around Haitan Island in accordance to national regulations and give support to major land reclamation projects.