China’s 2026 Batch of Major Foreign Investment Projects: 13 Flagship Projects Worth USD 13.4 Billion
- In October 2026 the National Development and Reform Commission released a new batch of 13 flagship major foreign investment projects with planned investment of USD 13.4 billion, mainly in manufacturing.
2026 年 10 月，国家发展改革委推出新一批 13 个标志性重大外资项目，计划投资额 134 亿美元，主要集中在制造业。
- The Ministry of Commerce reported that 84 key foreign investment projects were added nationwide this year, with total planned investment of USD 19.46 billion across machinery and equipment, chemicals and energy, automobiles and healthcare.
商务部公布，今年以来全国新增 84 个重点外资项目，计划投资总额 194.6 亿美元，涉及机电装备、化工能源、汽车、医疗健康等领域。
- Both figures are planned investment amounts, not capital already paid in; they describe intended commitments rather than funds that have arrived.
上述两项数字均为计划投资额，而非已到位资金；其反映的是意向性承诺，而不是已经到账的资金。
- Projects enter the major and key foreign investment project lists through selection by central and local authorities, not by a company filing an application of its own accord.
重大和重点外资项目清单由国家和地方按程序遴选产生，并非企业自行申报即可进入。
- A working group for major foreign investment projects and rolling updates to the lists form the service channel, and the June 2026 Action Plan allows qualifying reinvestment in China by foreign-invested enterprises to be brought into those lists.
重大外资项目工作专班与清单滚动更新构成服务通道，2026 年 6 月的行动方案明确符合条件的外商投资企业境内再投资项目可纳入相关清单。
- Investing in industries in the 2025 edition of the Catalogue of Industries for Encouraging Foreign Investment can bring four benefits: duty-free import of self-use equipment within the total investment, priority land supply, a 15% corporate income tax rate in western regions and Hainan, and a tax credit for qualifying profit reinvestment.
投向《鼓励外商投资产业目录（2025 年版）》所列行业可享受四项优惠：投资总额内进口自用设备免税、优先供应土地、西部地区和海南省减按 15% 税率缴纳企业所得税，以及符合条件的利润再投资税收抵免。
- Balance-of-payments data add context: equity foreign direct investment in the first half of 2026 reached USD 63.8 billion, up 55% year on year.
国际收支数据可作背景：2026 年上半年外商股权性质直接投资 638 亿美元，同比增长 55%。
China’s 2026 Batch of Major Foreign Investment Projects: 13 Flagship Projects Worth USD 13.4 Billion | 2026 年新一批标志性重大外资项目：13 个项目计划投资 134 亿美元
Overview
In October 2026 two strands of official information on foreign investment appeared close together. The National Development and Reform Commission (NDRC) released a new batch of 13 flagship major foreign investment projects with a planned investment value of USD 13.4 billion. Separately, the Ministry of Commerce (MOFCOM) reported that 84 key foreign investment projects had been added nationwide since the start of the year, with a total planned investment of USD 19.46 billion.
The two figures are often read together, and it is worth being precise about what they are. Both are planned investment amounts. They are not capital already paid in, and they are not a measure of realised inflows. The lists from which they come are compiled through a selection process run by central and local authorities; a company does not enter a list merely by filing an application of its own accord.
This article sets out what was announced, how the underlying mechanism works, and what the two main channels mean in practice for a foreign investor deciding where to place a project.
Key developments in 2026
The new flagship project batch. The NDRC released a new batch of 13 flagship major foreign investment projects with planned investment of USD 13.4 billion. The newly selected projects are mainly in manufacturing, including electronics manufacturing, chemicals, automobiles and electrical machinery. “Mainly in manufacturing” is the official description of how the batch is composed.
The key project statistics. MOFCOM reported that 84 key foreign investment projects were added nationwide this year, with total investment of USD 19.46 billion, spanning machinery and equipment, chemicals and energy, automobiles and healthcare. MOFCOM said it would continue to track the implementation progress of projects, foster a better business environment and further consolidate the base for attracting foreign investment.
The mechanism behind the lists. Two elements sit behind these numbers. The first is the working group for major foreign investment projects, together with rolling updates to the lists of major and key foreign investment projects. The second is the Action Plan for Stabilising, Consolidating and Improving the Use of Foreign Investment (Shang Zi Fa [2026] No. 97), dated 16 June 2026 and approved by the State Council. That document provides that reinvestment projects in China by qualifying foreign-invested enterprises may be included in the lists of major and key foreign investment projects and enjoy the corresponding support policies. It also points to the new edition of the Catalogue of Industries for Encouraging Foreign Investment as a guide for where investment should go.
The four benefits under the encouraged catalogue. Investing in an industry listed in the 2025 edition of the Catalogue of Industries for Encouraging Foreign Investment can bring four main benefits, as summarised on an official question-and-answer page. First, self-use equipment imported within the total investment amount is exempt from customs duty, except for products that the state has designated as not exempt. Second, land-intensive encouraged industrial projects receive priority in land supply, and the transfer floor price may be set at no less than 70% of the national minimum transfer price standard for industrial land at the corresponding grade; long-term leasing, leasing before transfer and flexible-term transfer are also supported in order to lower initial land costs. Third, investment in the western regions and Hainan province may pay corporate income tax at a reduced rate of 15%. Fourth, where an overseas investor reinvests profits distributed by a domestic enterprise directly, and the investee engages in an industry in the national catalogue of the 2025 edition and meets the relevant conditions, a tax credit is available.
Supporting data. The State Administration of Foreign Exchange’s Balance of Payments Report for the first half of 2026 showed equity foreign direct investment of USD 63.8 billion in the first half, up 55% year on year. Within that total, the net increase in capital funds — which reflects longer-term investment intent — was USD 43.1 billion, and reinvestment of earnings by foreign-invested enterprises in China rose 31% year on year.
Practical implications for foreign businesses
The practical question for a foreign investor is how a project reaches the point where it attracts the working group’s attention and the benefits described above. In substance there are two routes, and they are complementary rather than alternative.
The first is inclusion in the major or key foreign investment project list. This is a selection process. Projects are identified and compiled by central and local authorities according to procedure; it is not a self-declaration scheme in which a company files and automatically qualifies. Inclusion brings working-group tracking and service, and access to the green channels that accompany it. The June 2026 Action Plan adds a specific pathway for expansion: where a qualifying foreign-invested enterprise reinvests in China, that reinvestment project can itself be brought into the lists.
The second route is investment direction. Where a project falls within the 2025 edition of the Catalogue of Industries for Encouraging Foreign Investment, the four benefits described above become relevant — duty-free import of self-use equipment within the total investment, priority land supply with a floor-price mechanism, the 15% rate in the western regions and Hainan, and the tax credit for qualifying profit reinvestment. Which of these applies depends on the facts of the project and on the conditions attached to each benefit.
Two cautions belong with the numbers. First, the USD 13.4 billion and USD 19.46 billion are planned investment amounts; they should not be read as capital already deployed. Second, the figures describe projects that have passed a selection process, not the general level of foreign investment, and they are best read alongside the balance-of-payments data rather than as a substitute for it.
For a company weighing a China project, the practical sequence is therefore to check whether the intended activity falls within the encouraged catalogue, to assess whether the project’s scale and profile make it a candidate for list inclusion through the competent authorities, and to build the timing of any reinvestment decision around the availability of the tax credit. None of these steps is automatic, and each depends on the applicable rules and on the assessment of the authorities concerned.
Related reading
Readers following these themes may also wish to consult our notes on the Catalogue of Industries for Encouraging Foreign Investment and its benefits, on the one-stop service arrangements available to foreign-invested enterprises, and on the customs facilitation measures that apply to major trade events. Each of these areas is governed by its own rules and should be checked against the operative texts.
Sources
- 中宏网转《证券日报》：13 个标志性重大外资项目、计划投资 134 亿美元：http://www.macrochina.com.cn/news_speed/hgjj/20260326124804.shtml
- 武山县人民政府网转央视网：新增 84 个重点外资项目、总投资额 194.6 亿美元：https://www.wushan.gov.cn/info/2421/1911142.htm
- 《利用外资固稳促优行动方案》（商资发〔2026〕97 号）全文：https://www.gzns.gov.cn/tzns/tzzc/gjzc/content/post_11035724.html
- 漳州市人民政府”常见问题解答”：鼓励类目录四项优惠政策：https://www.zhangzhou.gov.cn/cms/html/zzsrmzfbgsgfxwjk/2026-10-08/650755145.html
- 国家发展改革委官网：https://www.ndrc.gov.cn/
- 商务部官网：https://www.mofcom.gov.cn/
2026 年新一批标志性重大外资项目：13 个项目计划投资 134 亿美元
概述
2026 年 10 月，关于外商投资的两组官方信息几乎同时出现。国家发展改革委推出新一批 13 个标志性重大外资项目，计划投资额 134 亿美元。商务部另公布数据：今年以来全国新增 84 个重点外资项目，计划投资总额 194.6 亿美元。
这两组数字常被放在一起解读，因此有必要先说清它们是什么。二者均为计划投资额，不是已到位资金，也不是已实现流入规模的度量。它们所依据的清单，由国家和地方按程序遴选产生；企业并非自行申报即可进入清单。
本文说明已公布的内容、其背后的机制，以及两条主要通道对外资投资者为项目选址时的实际含义。
2026 年主要进展
新一批标志性项目。 国家发展改革委推出新一批 13 个标志性重大外资项目，计划投资额 134 亿美元。新入选项目主要集中在制造业，包括电子制造、化工、汽车、电气机械等。”主要集中在制造业”是官方对本批项目构成的表述。
重点项目统计。 商务部公布，今年以来全国新增 84 个重点外资项目，总投资额 194.6 亿美元，涉及机电装备、化工能源、汽车、医疗健康等领域。商务部表示，下一步将持续跟踪项目实施进度，营造更优的营商环境，进一步巩固吸引外资基本盘。
清单背后的机制。 这些数字背后有两个要素。其一是重大外资项目工作专班，以及重大和重点外资项目清单的滚动更新。其二是《利用外资固稳促优行动方案》（商资发〔2026〕97 号），该文件落款 2026 年 6 月 16 日，经国务院同意。文件明确，符合条件的外商投资企业境内再投资项目可纳入重大和重点外资项目清单并享受相应支持政策，并提到以新版《鼓励外商投资产业目录》引导投向。
鼓励类目录的四项优惠。 外商投资《鼓励外商投资产业目录（2025 年版）》内的行业领域，主要可享受四项优惠政策。其一，在投资总额内进口自用设备，除国家规定不予免税的产品外，免征关税。其二，对集约用地的鼓励类工业项目优先供应土地，并可按不低于所在地等别相对应全国工业用地出让最低价标准的 70% 确定出让底价；支持灵活采用工业用地长期租赁、先租后让、弹性年期出让等方式，降低初期用地成本。其三，在西部地区和海南省投资，可减按 15% 税率缴纳企业所得税。其四，境外投资者以境内企业分配的利润直接投资，被投资企业从事产业属《鼓励外商投资产业目录（2025 年版）》全国目录且符合相关条件的，可享受税收抵免优惠。
背景数据。 国家外汇管理局《2026 年上半年中国国际收支报告》显示，2026 年上半年外商股权性质直接投资 638 亿美元，同比增长 55%。其中反映长期投资意愿的资本金净增加 431 亿美元，外资企业在境内的收益再投资同比增长 31%。
对外资企业的实务意义
对外资投资者而言，实务问题是一个项目如何走到获得专班关注和上述优惠的那一步。实质上有两条通道，二者互补而非互斥。
第一条是纳入重大或重点外资项目清单。这是一项遴选程序，项目由国家和地方按程序识别、编制；它不是企业自行申报即可自动获得资格的制度。纳入后，项目可获得专班跟踪服务，以及随之而来的绿色通道。2026 年 6 月的行动方案还增加了一条具体路径：符合条件的外商投资企业在中国境内再投资，该再投资项目本身也可被纳入清单。
第二条是投向。项目若落在《鼓励外商投资产业目录（2025 年版）》范围内，上述四项优惠即与之相关——投资总额内进口自用设备免税、优先供地及底价机制、西部地区和海南省 15% 税率，以及符合条件的利润再投资税收抵免。其中哪一项适用，取决于项目的具体情况与各项优惠所附的条件。
围绕这些数字，有两点需要注意。第一，134 亿美元与 194.6 亿美元均为计划投资额，不应理解为已经投入的资本。第二，这些数字描述的是已经过遴选程序的项目，而非外商投资的总体水平；它们宜与国际收支数据结合阅读，而不是替代后者。
对正在权衡中国项目的企业而言，实务上的次序因此是：先看拟从事的活动是否落在鼓励类目录范围内；再评估项目的规模与形态是否具备通过主管部门纳入清单的条件；并把再投资决策的时间安排与税收抵免的适用条件衔接起来。上述各步都不是自动发生的，每一项都以适用的规则和主管部门的评估为准。
延伸阅读
跟踪上述议题的读者，也可一并参考关于《鼓励外商投资产业目录》及其优惠、外商投资企业可用的”一站式”服务安排，以及重大贸易活动适用的通关便利措施等文章。上述各领域均由其各自的规则约束，应以现行有效文本为准。
来源
- 中宏网转《证券日报》：13 个标志性重大外资项目、计划投资 134 亿美元：http://www.macrochina.com.cn/news_speed/hgjj/20260326124804.shtml
- 武山县人民政府网转央视网：新增 84 个重点外资项目、总投资额 194.6 亿美元：https://www.wushan.gov.cn/info/2421/1911142.htm
- 《利用外资固稳促优行动方案》（商资发〔2026〕97 号）全文：https://www.gzns.gov.cn/tzns/tzzc/gjzc/content/post_11035724.html
- 漳州市人民政府”常见问题解答”：鼓励类目录四项优惠政策：https://www.zhangzhou.gov.cn/cms/html/zzsrmzfbgsgfxwjk/2026-10-08/650755145.html
- 国家发展改革委官网：https://www.ndrc.gov.cn/
- 商务部官网：https://www.mofcom.gov.cn/