Abstract: Singapore has established a three-dimensional policy framework centered on "direct financial incentives—strategic value guidance—fundamental safeguards," successfully guiding foreign-invested enterprises to reinvest their profits locally and creating a virtuous cycle of "attraction—profit generation—reinvestment." This framework precisely addresses the three core concerns of multinational corporations in their reinvestment decisions: return on investment, long-term competitiveness, and certainty in the operating environment. China has transitioned from "attracting new investment" to a new phase of "stabilizing existing investment and enhancing quality." Singapore's "three-dimensional" model provides China with a path to upgrade from "policy incentives" to "ecosystem development." It is recommended to optimize direct financial incentives by shifting from a "one-size-fits-all" approach to a "targeted" one; strengthen strategic value guidance by shifting from "production" to "innovation"; and solidify foundational support by shifting from "convenience" to "reliability."
