After the New year’s day for the next year, the foreign capital bank will get the cash encourage and tax return policy will come to Wuhan to establish their branches. Yesterday, Wuhan formally announces, " The policy of promoting foreign capital financial institution come to Wuhan for their development ".

These preferential policy's are:

I—— establishes a special fund 100 million RMB to supporting the development for foreign capital financial institution。There will be some special budget come from the finance office of Wuhan government after 2007, which will be especially used for encourage, supporting the development of foreign capital financial institution.

II—— Cash encouragement to the company, which establish a new foreign capital financial institution in Wuhan. Registered capital 1 billion RMB (contains 1 billion RMB) or above, encourages 10 million RMB; registered capital between 500 million RMB to 1 billion RMB, (contains 500 million RMB), encourages 8 million RMB; registered capital between 100 million RMB to 500 million RMB, (contains 100 million RMB) above, encourages 4 million RMB.

III—— Applying the house allowance for the foreign capital financial institution which will establish the new HQ or area HQ in Wuhan, the standard is 1000 RMB/㎡; For the institution, which rents the house for work, supplying 30% subsidy for the house rent before 2010.

IV—— After establishing the new financial institution in Wuhan in 3 years, the finance department in Wuhan will return 50% of the tax will they get(the city government get, not the whole tax) for the company, Gets up in for 3 years from the profit year , you will get 100% profit tax return which the part pay for the Wuhan government.

V——before 2010, according to the remaining sum for the loan that the foreign capital financial institution providing to the medium and small enterprises, individuals, farmers in Wuhan, the finance apartment will encourages 200 thousand RMB for every 100 million RMB’s remaining

VI——Encouraging the foreign capital financial institution to invest in the local financial institution as strategy investor to become a shareholder with the local financial institution, providing high quality financial project. Awarding the foreign capital financial institution, which introduces interprises, come to Wuhan for investment according to the award recommends policy from Wuhan government

VII——Supplying registered permanent residence in Wuhan to the advanced administer from the foreign capital financial institution and also, their spouse and children, and providing the convenience by the educational apartment for their children to enter the kindergarten or school.

VIII——Given underlying transact for foreign capital financial institution employees that go abroad or Hong Kong and Macao by the apartment from foreign affairs,  police department in the limitations of authority range, is applying the 1 to 5 years visa for the experts come form other counties or the residence permission.