Abstract: the year-on-year increase in the undistributed profits of foreign enterprises is a golden mountain and silver mine that can be mined with great efforts in stabilizing foreign investment and promoting transformation. In 2022, we should take encouraging reinvestment of retained profits as a breakthrough, focus on the implementation of fiscal and tax policies such as deferred tax payment, and make a good combination of policies and services. Through the implementation of targeted measures and characteristic services, we should promote the transformation of trillion level retained profits into investment, promote the transformation of foreign capital from stock to increment, and from external to internal, so as to continuously cultivate industrial advantages and promote high-quality economic development.
