SIP Investment Promotion Bureau (SIPIPB) is doing its utmost to help enterprises in SIP overcome the difficulties caused by the recent outbreak of the coronavirus disease known as COVID-19, while striving to attract new investment.

SIPIPB posted a letter to SIP-based multinationals on SIP’s official website on Feb 6. In four languages of Chinese, English, Japanese and Korean, the letter contains details about the epidemic and the local authorities’ countermeasures, especially those designed to support business operations. The letter has reassured local multinationals and provided them with a guide to cooperate in the fight against the virus and seek related services and help from local authorities. 

Concurrently, SIPIPB is sparing no efforts to assist enterprises that temporarily closed down due to the epidemic to resume operations. It has designated specific personnel to conduct evaluations of enterprises for resumption of operations, provide consultancy to them and help them solve difficulties during operations. Statistics show that, by Feb 12, a total of 93 Fortune 500 enterprises and 830 foreign-funded enterprises in SIP had resumed operations.

On the other hand, SIPIPB is making good preparations for a new round of investment promotion. It is using telephone calls and online communication tools to keep contact with existing and potential investors to advance the progress of related projects, making plans for investment promotion events and offering training on financing to local enterprises.

Moreover, SIPIPB has upgraded its “Major Projects” list, and is collaborating with related authorities to push on the projects.

The bureau said it will do everything to help minimize the epidemic’s negative impact on local economic development.