Fuchunjiang Economic Development Zone was established in 1992, and in 1994 was approved as provincial Development Zone by the People's Government of Zhejiang Province. It lies in the southwest of Hangzhou, meet with the West Lake district, costs 2 hours to the International airport of Shanghai, and 50 minutes to International airport of Xiaoshan of Hangzhou, his geographical position is superior, the traffic is very convenient.

In May of 1992, according to the position, resource, industry advantage, Development Zone set up the Fuchunwan, Peasant's city, Yinhu, Gaoqiao four major blocks .To accelerate perfecting infrastructures, invite outside investment energetically, Zone has introduced large quantities of projects. Driving the rapid development of the tertiary industry of the industry, travel, real estate and other, and accelerate incorporating large Hangzhou, great traffic, great travel pattern. Introducing 265 projects totally, gross investment is 133. 200 million yuan, complete and go into operation 135 projects. There are 25 overseas-funded enterprises among them, their gross investment is 426 million dollars, the agreement utilizes 217 million dollars, actually utilizes 108 million dollars. Taiwan-invested Hangzhou International Golf Course, with US$ 30 million; CHEDI Holiday Inn, with US$25 million; and Hangzhou Wild Animal World, taking up 3.5 hectare, with 150 million RMB investment. They have promoted the tourist industry of Fuyang. Then strengthen with over 50 communication apparatus, for example, Fuchunjiang Group, Futong Group, Hulun Group, Feihong Group, Bell Group and so one, have cultivated the second largest pillar industry following papermaking industry in Fuyang. Besides, with the development of HangFu riverine highway, Jiangbixi main road, Kowloon main road and Yinhu, peasant city and Fangmachang, advancing the urbanization process fast.

Invest 430 million of construction funds of infrastructures totally. Each, build 110,000 a volt of 2 of transformer substation, ten thousand a piece of program-controlled telephone telecommunications 2 of suboffice, supply water, drain off water, all available infrastructure blowdown, road, etc., Zone have formed from" one" to the economic development area to" slice" of" line"

In 2001, added to the previous 8-square-kilo land with Yinhu, Gaoqiao, Fuchun Bay and Peasants City four parts on it, another 13-square-kilo plot has been spared. Besides, the zone is in the Fuyang city, extending to the North of the river, having the National 320 Road and the Fu-Hang highway for its wings. It utilize fully industry advantage, developing new high-tech industry, electronic information, biological medicineses, new materials integrate at mere electromechanicses, etc. Regarding new and high technology as the guide, the export-oriented economy sets up all valley scientific and technological industrialized country, the scientific and technological industrialized country of biological medicine, new material scientific and technological industrialized country for the subject. According to the strategic idea of Hangzhou" one district and more than gardens", the high starting point is planned, high standard construction.

 Fuyang is the biggest base for telecom appliances in Zhejiang province, and also a famous telecom industry base in the country. Its output of this industry is one fourth of the overall industrial production, and takes up over seven percent of the whole national market. Now the Office of Technology and the Office of Information Industrial in the province has listed the “Optical Valley” in the Tenth Five-year Plan as one of the promising feature industry bases. The provincial government has the intention to build it into an IT belt. According to the planning, a technical industrial park, a bio-medicine industrial park, a new material industrial park, and a medium-size incubation base, will be established, by owning market and technology, to achieve the success of “Optical Valley”,and to be a significant part of the “Paradise Silicon Valley”. Through the development of the New & Hi-tech Industrial Park, some modern enterprises can be attracted. Starting from the commercialization of the new products, and having the enterprises, research institutes, higher institutes penetrate and connect with each other, to have the factors of talents, technology, capital, and information best combined, native hi-tech enterprises can be cultivated and incubated. FCJEDZ offers a firm platform and considerable space to aim at the investment of transnationalcorporations and the establishment of research institutes. The hi-tech zone insists on the goal of upgrading its products. During the tenth five-year plan, emphasis will be put on technical innovation and larger investment, to attain the systematical production of optical bat, optical fiber, optical cable, and optical components. Some sino-American Fuchunjiang Loyal Optical Fiber Manufacture Corporation entered the Park in the beginning of the year 2001, with the total investment more than US $ 23 million.

FCJEDZ so far today has spent 650 million RMB on the infrastructure and service facilities, such as water, electricity, gas, road, and safe networks. Meanwhile, many cooperative treaties have been signed between FCJEDZ and Hangzhou Electronic Engineering Institute, the Office of Technology, and the Office of information industry in the province separately, so as to obtain support in technology, talents, knowledge and information, and so on. Now every endeavor has been making to build FCJEDZ into a “Green Valley”, “Ecological Valley”, “Optical Valley” and to lay a concrete foundation for a new industrial city.

The management of the zone is enclosed. It’s promised the most efficient services and ultimately simplified procedure.

Organization Setup

Fuchunjiang Economic Development Zone Management committee

Office

Finance section

Management department of the assets

Project service center

Invite outside investment Substation

Land resources Substation

Construction Substation

Fuchunjiang Economic Development Zone Head office

Fuyang Comprehensive Market

Fuchunjiang Estate Company

Yinghu Management for infrastructure office

Gaoqiao Management for infrastructure office

Fuchunwan Management for infrastructure office

Peasant city Management for infrastructure office

Organization Functions

Management committee Function

The management committee of developing zone is the agency of city People's Government, trusts to lead and manage the developing zone by city People's Government. Its main duty is: Carry out the relevant laws, regulation and policy of country, province, Hangzhou; make and implement the regional overall planning of developing zone, plan in detail; infrastructure construction in the developing zone and managing; invite outside investment and projects are examined and approve to; collect and return of the fee, including remised fee and expropriation fee, land paid use fee; state-run assets are supervised and managed; management, supervision, coordinating and service of the enterprise production and management in the district; the social transaction management in the district.

  Inside organization function

(1)    Office: 
          Developing zones comprehensive investigation and research, Organizations coordinate, Work superintend and check, Rear service serve, File filed, Information network, organize proposal, incoming telegram come to visit personnel, and other daily affairs work and manage discipline inspection work social affairs motion international communication

(2)    Finance section:
          finance administration, fund management, subordinate unit finance guide and supervised, organize to train at the financial affairs.

(3)    Management department of the assets:
          The reform, management, supervisions of management committee and its subordinate enterprise.

(4)    Project service center:
          introducing whole listing agent service, project management and relevant coordination of the project, investment advisory service in the developing zone.

(5)    Invite outside investment Substation:
         Make and implement the economic development strategy, the industrial policy, economic development medium-term and long-term plans of developing zone; Developing zone invite outside investment, project consult, contract, project prove, synthesize and assess, investment project examine (apply) and criticizing.

(6)    Territory resources Substation:
         Make and implement the land in the developing zone and utilize planning and development plan; investigate and prosecute illegal cases in land expropriation, examination (apply), management and renovation; fee for remising the land, fee for the use of site, various kinds of land rule fee, and other costs of land are taken over, manage and deal with the right of ground, district enterprise, the removal, find a room for and the policy.

(7)    Construction Substation:
        Work out and implement the overall planning of developing zone and plan in the dividing area. The construction of the project, construction of villages and small towns, infrastructure construction, construction, real estate, municipal service and environment are managed; construction project site selection, plan red line, examine and approval for licence of building plan and construction project plan.

Examination & Approval

The management criterions of declaring construction items

The management criterions of declaring construction items Objects of service Declaration procedure Materials for Declaration Time of promises(day) Inner invest ventures Establishing items¡¯ examination and approval 1¡¢item¡¯s suggestion script(departments of environment protect, land management and layout give a former check) 1 Feasible report examination and approval 1¡¢  hand the documents of feasible investigation report; 2¡¢Feasible investigation report; 3¡¢effect report of construction items; 4¡¢other materials which are needed; 3 Primary design examination and approval 1¡¢total ichnography; 2¡¢primary design scenario and demonstration comments of relational parts; 3     Joint ventures Examination and approval of establishing items    1¡¢hand the documents of construction item¡¯s suggestion script; 2¡¢item¡¯s suggestion script;3¡¢operating license of all parts and certificates of  foreign part; 4¡¢certificated material of foreign inverter¡¯s legal representative capacity; 5¡¢agreement of both  joint parts;  6¡¢comments from Chinese main management department  in establishing this venture;  7¡¢materials and documents special needed; 1 Feasible investigation report¡¯s examination and approval 1¡¢            Hand the documents of feasible investigation report; 2¡¢            Feasible investigation report; 3¡¢            The approval document of item¡¯s suggestion scripts; 4¡¢            Material of stated assets evaluation and confirmed documents on value of this assets evaluation; 5¡¢            Fulfilling comments on concerning environment protect and layout; 6¡¢            Comments on other relational conditions on production and construction fulfilling; 7¡¢            comments from Chinese part concerning land using problem;8¡¢other documents; 5 Contracts and constitution¡¯s examination and approval 1¡¢            Feasible investigation report¡¯s reply; 2¡¢            Hand the documents of contracts and constitution; 3¡¢            Contracts and constitution of ventures; 4¡¢            Notify scripts of foreign invest venture¡¯s name; 5¡¢             Pertain and inseparable agreement of contract; 6¡¢            Names of compositive directorate and accreditation of every part; 7¡¢            Notify scripts of foreign invest ventures¡¯ name; 5   Attention: the time of examination and approval will be development¡¯s inner (excluding the higher department¡¯s examination and approval time)     Charges & Fees     1.Expenses standard 1)      Infrastructure expenses (1)    Installation fee of the transformer: Original material fee and project fee of transformer, storage battery and the line etc mainly. That depends, it is generally about 100,000 yuan;  (2)    Electric fee: using for business is 0.89 yuan /degree, using for life is 0.53yuan/degree, using of production is on average 0.68 yuan /degree (3)    Water fee: using for industry is 1.7yuan/mt, using for life is 1.05yuan/mt, using for office is 1.4yuan/mt     （4）Heat supply: Heat fee 120yuan/mt (When the coals prices fluctuate by 10 yuan /ton, the heat fee correspondingly fluctuate by 2 yuan /ton)   (5) Gas: Public building and business users: 3.80 yuan /cubic meter              Life users: 3.10yuan/cubic meter (6) Salary: general enterprise's worker: 600-800 yuan per month.                General administrative staff is 800-1000 yuan per month                Senior executive's salary are decided by board of directors of the enterprise 2. Tax and service charge standard Item Charging Item Specification Charge Department Approval for land Expense （1）Newly-increased build and use land fee 14yuan / M2 Territory resource office （2）land cultivates fee 14yuan/ M2 （3）occupancy tax of cultivated land 6000 yuan / mu （4）Differential land rent Pay slowly （5）Administration expense of land 1000 yuan / mu（high-new garden 500 yuan/ mu） （6）Imprevision fee Free （7）Contract tax Sell the land all-inclusive cost of 3% （8）forest and skin grafting resume fee 800 yuan / mu Forestry bureau （9）Solicit and take up forest land resources and protect the fee According to1.2% of compensation of forest, forest Construction fee （10）Facility compensation of water and soil conservation 0.6 yuan / M2 Hydroelectric board （11）Termite prevents and cure fee 1.2 yuan/ M2 Construction bureau （12）Quality supervises fee the fabrication cost of 1.3‰ （13）Sample fee 1000 yuan / （14）Fund for special use for wall changes 5 yuan/ M2 （15）Charge the bulk cement in advance 1 yuan/ M2 （16）Land use licence 8 yuan / book Territory resource office （17）Land licence 8 yuan/ book （18）Reconnoitre fee 0.25 yuan / M2 Construction bureau （19）Register fee in property right of the house 25 yuan/ book （20）Ownership card of the house fee 10yuan / book （21）Land assessed fee total assets of land of 1.25‰ Territory resource office （22）Reconnoitre and  fee According to the charge licence of Fuyang [2000] No.026 stipulated that fee is reduced by half       3、Building and Transportation cost： It is 500-600 yuan / square meter of general concrete structure standard factory building, and 400 yuan/ square meter. of steelframe room. Generally speaking, our goods are exported from Shanghai port or Ningbo port, the price as follows,  Exp.& Imp.   Distance 20#Container 40#Container Export Fuyang—Ningbo 2000 2600 Fuyang—Shanghai 2100 3100 Import Ningbo—Fuyang 2750 3300 Shanghai—Fuyang 3000 3950 Mark：Export freight includes arranging shipping space, declaring at the Customs expenses。 Import freight includes documents fee, harbor fee, declaring at the Customs expenses。   Investment Investment Environment Traffic：FCJEDZ enjoys the unique transportation conveniences to Hangzhou (35 kilo, about 30 minutes). The distance traveled by a vehicle is about 50 minutes to Hangzhou International airport, to Shanghai and Ningbo (180 kilo, about 2 hours), directly to Ningbo port via Fuchun River and Qiantang River. Industry foundation：In Fuyang city, products abound and the people live in plenty，industrial economic base is rich, foreign trade and scientific research condition is good. Communication apparatus, papermaking, electromechanics and building materials are four major pillar industries, are country's famous communication industrial base and papermaking base. At present Fuyang have two national well-known brands" Chinese white paperboard bases"" Zhejiang Optical Valley " already。Fuyang New & Hi-tech Industrial Park cultivates photo-communication, electronic information, bio-medicine industrial park, new material industrial, and medium-size incubation especially. Infrastructures：Through the development of 11 years, the infrastructures, such as supplying power, supplying water, communication, blowdown system, etc. form a complete set in the district. Having three transformer substations of 110,000 volts, power supply capacity is 300,000 kilowatts; supplying 100,000 tons water daily; 50,000 Men installed capacities of programme-controlled exchanger; dealing with 100,000 tons of sewages per day；regarding 48 meters of wide Golf Road as the axis，National 320 Road and the Fu-Hang highway for its wings，district has complete facility of all kinds of medium-to-high grade house and villa, hospital, schools, trade, businesses, and traveling etc also。 Natural resources：As right on the point of East Longitude 120゜ and North Latitude 30゜, Fuyang city is the forefront of the national golden traveling route “Hangzhou City -Fuchunjiang River-Xinanjiang River-Mount Huanshan” and is right under the influence of Shanghai Pudong Economic Zone, and also on the connection point of Shanghai-Hangzhou-Nanjing --- the Golden Triangle. Fuyang is in the subtropical monsoon climate belt. The climate of the city is mild with four distinctive seasons. Products abound and the people live in plenty.   Environmental protection：Water quality is the national class II, and the air is first class. In the meantime, it passed environmental ISO 14000 system authentication in 2002   Investment Guides Investment direction 1)、The developing focuses of the new and high technology of garden of new high-tech industry and industry A、B type industrial project of new and high technology; 1、Photo-communication, microelectronic science and electronic information technology； 2、Space science and space technology of aviation； 3、Science of the photoelectron and mere electromechanics integrate technology； 4、Life sciences and biotechnology； 5、Material science and new material technology； 6、Energy science and the new energy, energy-efficient skill； 7、Ecological science and environmental protection technology； 8、Geoscience and marine engineering； 9、Medical science, biomedical engineering, medicinal project； 10、Other new technology, new technology that use on the basis of traditional industry。 2)、Scale enterprise, clean industry, industry of earning foreign exchange 1、The pollution-free or low pollution general industrial project above 10 million dollars of capital cost ； 2、Machine-building , such as the fabrics machine, papermaking machinery, etc.； 3、Car Industrial project； 4、The project of light textile, the silk goods, cover one, clothing processed etc； 5、Leisure goods, stationery sports goods, handicraft； 6、Others。 3)、The subject block of developing zone develops industry, tourist industry, real estate actively Investment Program Investment Class：　electron 　　tour 　　medication 　　encircle 　　machine 　　capital　　business 　　realty 　　industry　 Hangzhou City Area Bio-medicine industrial park Vocation Background and construction condition Fuyang" mountain moisture fields", wide low mound and topography of gentle slope, the planting of the traditional Chinese medicine is cultivated , There is geographical condition richly endowed by nature，the bio-pharmaceuticals base of garden of new high-tech industry of economic development zone already have institutes of Chinese materia medica of provinces 、Hu Qing Yu Tang Pharmaceutical factory、Zhongxing Pharmaceutical Co.Ltd、Huawei Medical Product Co. Ltd、Zhejiang Hongsheng Pharmaceutical Co、Zhejiang Tongban science and technology Co. and many scientific researches, and the Chinese patent drugs enterprise. Progress in project Facing and inviting outside investment at home and abroad。 Construction scale and construction content It is 66.67 hectares area that the bio-pharmaceuticals base will be, auxiliary work has been already fully under way" five and a ". Cooperative way and content Development zone cooperate with Chinese and foreign trader in the form of renting, remising, becoming a shareholder at a discount mainly, and offer" one station type" service. Supply " one project, one policy " favourable condition in land, tax revenue, etc. to new and high technology project. Chinese side's introduction FCJEDZ so far today has spent 650 million RMB on the infrastructure and service facilities, such as water, electricity, gas, road, and safe networks。 Cooperative condition that Chinese side can offered The economic development zone of Zhejiang Fuyang Fuchunjiang is the provincial developing zone, it was established in 1992.Bio-medicine base lies by national road 320, to Fuyang city center (5km), to Hangzhou (35 kilo, about 35 minutes), to Shanghai and the port city Ningbo (180 kilo, about 2 hours) Contact way Zhou Genchao, Fang hongjuang, Shun Zhou, Zhang Zhiguo Tel：0571-63320844 63322336 63316857 Fax：0571-63326026 Post code：311400 Address：100, Shixin North Road, Fuyang city Email：fcjk@fy.hz.zj.cn Telecom industry park project Area Hangzhou City Vocation Background and construction condition Fuyang is one of the mainly production base of Communication apparatus ，the whole city has more than 300 enterprises, 300 million yuan on the annual gross output value of more than ten enterprises among them, 5 enterprise rank national 30 same trade better，sales net cover whole country, has more than 2000 sales men.Communication Industry takes 30% of National market share. According to the document Spirit of developing new high-tech industry which is issueed by Zhejiang Province, Hangzhou government, Fuyang municipal government combine this city set up garden of new high-tech industry, city of Fuyang, in Fuchun River economic development zone actually. Progress in project Finished project feasibility research report，facing and promoting trade and investment at home and abroad。 Construction scale and construction content It is 133.33 hectares area that the characteristic base of photo-communication plan, auxiliary work has been already fully under way" five and a ". They already been finished first-phase 32.87 hectares of land among them, and many enterprises enter to zone to develop. It introduces especially optic fibre cores, optic fibre, optical cables, new-type photo-communication devices (active mere device, source mere device, joining machine, etc.), the communication products of network, integrated circuit of semiconductor, etc. Cooperative way and content Development zone cooperate with Chinese and foreign trader in the form of renting, remising, becoming a shareholder at a discount mainly, and offer" one station type" service. Supply " one project, one policy " favourable condition in land, tax revenue, etc. to new and high technology project. Chinese side's introduction FCJEDZ has spent 650 million RMB on the infrastructure and service facilities, such as water, electricity, gas, road, and safe networks so far today. Cooperative condition that Chinese side can offered he Zhejiang Fuyang Fuchunjiang economic development zone is the provincial developing zone, it was established in 1992.Bio-medicine base lies by national road 320, to Fuyang city center (5km), to Hangzhou (35 kilo, about 35 minutes), to Shanghai and the port city Ningbo (180 kilo, about 2 hours) Contact way Contact person：Zhou Genchao, Fang hongjuang, Shun Zhou, Zhang Zhiguo Tel：0571-63320844 63322336 63316857 Fax：0571-63326026 Post code：311400 Address：100, Shixin North Road, Fuyang city Email：fcjk@fy.hz.zj.cn   Favorable Policies   一、The ventures invested by foreign business man Foreign business men come to FU to invest, the joint ventures and cooperative venture which have the actual invest fronds more than USD1000,000 (including USD1000,000) and the single-invested ventures with more than 10 years’ operation period (including 10 years) can favored the following policies: 1、             Venture’s income tax Will actualize the “two exempt，three reduce and five supplement” policy. That’s the first two years the income tax will be exempted beginning the year of gaining, the third to fifth year it will be reduce a half and financial department will help them with a given capital which decide by the ventures’ income tax (means the remain part of local government , following are the same) in these five years. Generally, it’s 50% of the total income tax; 2、             Customs duty and added-value tax during import The customs duty and added-value tax handed when the ventures import the self-use equipment will be supplied by the financial department. The finger of supplement will be the customs duty and added-value tax handed when the ventures import the self-use equipment; 3、             Added-value tax The ventures which hand an actual added-value tax more than RMB1000,000(including 1000,000),  the added-value tax which compared with last year is exceeded, the government will put a premium on these ventures by the 50% part of the local remained. This favorable period will be five years long; 4、             The use of land The business man can hand the remised funds of construction land within two years by installments after the permission of the government. They also can take the method of hiring the lands and reduce to hand the hiring fee; 5、             Funds assistance To the new parts of invest industry ventures and industries items can add funds and widen shares, can actualize one-way of interest assistance by the arrangement of government according to the actual foreign funds after plunging into production. The proportion of interest assistance will be 2%-5%; 6、The depreciation of fixative property These ventures’ fixative property depreciate by 12.5%; 7、The technical information, communication material of light, project of biology, new material, environment protection item (according to standard of the high-new technician zone and ventures the country promulgated), the financial department will assist by given funds, which will be the confirmed added-value tax of high-new technical production handed ( the local remained income parts), beside favor the above 6 policies; 8、To the foreign production items that actual foreign funds exceed USD10,000,000, high content of technology, good benefit on economy and have deep effect on adjusting our economic structure actualize “one venture one policy” ,take the more favorable premium assistant measurement; 9、The foreign invest items of production and high-new technical will favor the following policies, beside the above favorable polices: the first two years exempt from venture income tax, the next eight years the financial department give assistant, the third year to fifth year the assistant fronds will be the income tax of the venture, the sixth year to tenth year assistant fronds will be the 50% of income tax which the venture handed during these five years; 二、High-new technical industry 1、             Assistance of funds To the high-new technical venture which confirmed by Zhejiang province and Hangzhou City, from the confirmed date the financial assist the given funds within five years, the finger of assistant will take the last year’s income tax as a base number, the new added is part of handing income tax as last year; To the country confirmed high-new technical productions and also confirmed by province and Hangzhou city, from the confirmed date the financial assist the given funds within two years, the finger of assistant will be the added-value tax left in local, which the venture handed by the confirmed high-new technical productions as last two years’ time; 2、             land using To the high-new technical items, high-new technical ventures and the transferred items from high-new technical productions, from the confirmed date the financial assist the given funds within three years, actualize more favorable in added-land using on new items, exempt to hand rent, the water, fee of added-volume and fee of electricity during construction will be levy by low part, and arrange the assets of loan interest; 3、             Operating tax To science-investigation bureaus engaging in developing high-new production and venture invest high-new production, income of engaging items transferring, technology development and the relational answering, service and studying will be exempt of handing operating tax after cognizance and book in by committee of science, after authorization of financial department.  三、Invest Ventures of outer place 1、             Assets assistant The produced ventures tally with Fu Yang’s  and its over 5,000,000 and operating period exceed 10 years, from gaining year, it will get the assets assistant from finance department with a given assets. The first to second year the assets will be the part of venture hand on during these two years(means the part that be in region, following is the same), the third to the tenth year it will be 50% of income tax that the venture hand on during these eight years; 2、Land using To the land of the provincial science-investigation bureaus, high grade college and center of technology will furnish land by agreement in remising way, the worst land exempt the rent, fee of layout will be classy.      Infrastructures 1.       Electric power supply: Already built up Yinhu, Gaoqiao and Baihe, three transformer substations of 110,000 volts, power supply capacity is 300,000 kilowatts. The electric power supply is abundance and reliable. 2.       Water supply: Fuyang No.2 waterworks produces water daily 100,000 ton, and his water supply projects already been put into operation, supplying water to the developing zone directly. 3.       Communication: Have formed mathematics, optical cable, microwave transmission, mobile communication as the mainly communication network in the district, is 30,000 exchanges capacity of assembly program-controlled office in newly-built Fuchunwan 4.       Already built up Golf way whose width is 48 meters as the axis, and the traffic network of No.320 national highways and Hang Fu riverine highways as both wings in the district. 5.       Sewage treatment: Build up the sewage treatment plant in the district, deals with 20,000 tons of sewages daily, and lay special-purpose blowdown, entering into the blowdown system directly.