Huzhou's Wuxing district recently is honored as the "Best Investment District for Multinational Corporations" in the 13th Multinational Corporations Leaders Roundtable held in Beijing on March 20. [Photo/hz66.com.cn]

Huzhou's Wuxing district recently was honored as the "Best Investment District for Multinational Corporations" in the 13th Multinational Corporations Leaders Roundtable held in Beijing on March 20.

The event was jointly sponsored by the China International Council for the Promotion of Multinational Corporations, the United Nations Development Programme, the United Nations Conference on Trade and Development, the United Nations Industrial Development Organization, the United Nations Environment Programme, the United Nations Global Compact and the University for Peace.

Wuxing was the only district in the nation to win the honor during the conference.

In recent years, the district has been continuously optimizing its business climate. It has been ranked among the top 100 districts nationwide in terms of comprehensive economic strength, green development, investment potential, technical innovation and new-type urbanization quality.

Significant progress has been achieved in streamlining administrative approval procedures in Wuxing.

The current approval time for general enterprise investment projects is capped at 80 days in the district, while the time required to start up a business has been shortened to 20 minutes. 

The registration of real estate mortgage can also be completed within two working days, and tax payments can been made online.