The projects for overseas investment are divided into three categories: the project in which the overseas investors are encouraged to invest, the project in which the overseas investors are restricted to invest and the project in which the overseas investors are forbidden to invest, according to "Directing List of Industries for Overseas Investment" revised by the National Planning Commission, the National Economical and Trade Commission and the Ministry of Foreign Economy and Trade, and approved by the State Council to be issued on April 1, 2001. The overseas investors are allowed to invest in the industries that are not listed in "Directing List of Industries for Foreign Investment".

The Key Fields where Foreign Investment is Encouraged
1. Overseas investors are encouraged to transform the traditional agriculture, to develop modern agriculture and promote the industrialization of agriculture.

2. Overseas investors are encouraged to invest in such infrastructure and basic industries as traffic, energy and raw materials.

3. Overseas investors are encouraged to invest in such hi-tech industries as electronic information, bioengineering, new materials, and aviation and space. The overseas investors are encouraged to establish the development center in this respect.

4. Overseas investors are encouraged to transform such traditional industries as machinery, light and textiles industries by adopting new advanced technology, giving rise to the upgrading of aforesaid industries.

5. Overseas investors are encouraged to invest in the projects that make comprehensive use of resources and regenerated resources, and in the environmental protection projects and municipal projects.

6. Overseas investors are encouraged to invest in the allowable projects whose products are all exported. The Procedures of Registration, Approval and Set-up for Establishing Overseas-funded Enterprises in Shijiazhuang City The Registration and the Power of Approval for Projects Directly Using Overseas InvestmentThe Foreign Investment Administrative Bureau of Shijiazhuang City is a functional department under the Municipal Government to handle the utilization of overseas