Established in 1991, with an area of 123 square kilometers and a population of 420,000, Weifang Hi-Tech Industrial Development Zone is located in Weifang, an important?regional?center city in Shandong Peninsula, a major coastal city in Bohai Rim, a well-known national cultural?city and a world kite city.?
Direction of Investment Promotion
Power equipment:?Focusing on developing?five sectors: green power, vehicle manufacturing, transmission?systems, core parts, intelligent equipment, and introducing industrial projects in fields such as hydrogen power, vehicle power, marine power, aviation?power, magnetic levitation, precision manufacturing?and electronic?systems.
Next-generation?IT:?Focusing on developing six fields: intelligent hardware, key electronic components, emerging software and new IT services, IoT application, big data service and next-generation mobile communication, surveying & mapping geographic information, and introducing?industrial?projects in fields such as integrated circuit, surveying & mapping geographic information, IoT, big data, AI, blockchain, 5G, software R&D and service outsourcing, call center and VR.
Medicare:?Focusing on developing nine fields: new drug development, traditional Chinese medicine, integration of eco-agriculture and biotechnology, modern ocean, functional?food and health products, medical devices, precision medicine and health management?service, smart medical logistics and new biological materials, and introducing medicare industry?clusters integrating R&D, incubation, industrialization, sales and services.
Aerospace:?Focusing on developing and introducing aerospace R&D, manufacturing?and service enterprises, and developing industries such as aero engines and parts, precision instruments and intelligent equipment, so as to create an aerospace industry?cluster.
New materials:?Focusing on developing fields such as high-end steel, high-voltage insulating?materials, advanced membrane materials?and functional composites, introducing relevant projects, and making significant?progress in product?types, industrial?scale and R&D innovation, so as to build an important development pole in the new materials industry.
Strengthening?factor support to foreign-invested?projects: Applying for the?status of key provincial foreign-funded projects for foreign-invested projects with an increased investment?of over 50 million U.S. dollars each and a paid-in investment of 10 billion U.S. dollars?each in the year, applying for the status of key municipal?foreign-funded projects for those with a paid-in investment of 10 billion U.S. dollars?each in the year, and preferentially?granting land, energy consumption, coal consumption and pollutant discharge quotas to these project.
Intensifying financial support: Granting 2% of the paid-in part of the registered capital in the?year (a maximum incentive?of 10 million yuan) to each foreign-invested manufacturing project; 2.5% (a maximum incentive?of 10 million yuan) to each Korea/Japan-invested project; and 2.5% (a maximum incentive?of 10 million yuan) to each project of a key country or region in International Cooperation Park. Other foreign investment support policies shall be subject?to the Implementation Opinions of the Weifang Municipal People's Government on Creating a New Pattern of Opening-up and Development, and Further Promoting the High-level Use of Foreign Investment?(Wei Zheng Fa  No. 4). Major foreign-invested projects shall be subject to case-by-case deliberation.
Encouraging socialized investment promotion: For enterprises, social organizations, intermediaries or natural persons that have recommended foreign-invested projects to us and facilitated project settlement, if the?contractual?foreign investment?of a foreign-invested project is no less than 10 million U.S. dollars?and the paid-in part in the year is no less than one third of its registered capital, 6‰ of the paid-in part (a maximum incentive of 2 million yuan) shall be granted. State organs and public institutions, their staff and project stakeholders are not entitled to the incentive.