East China

Pingtan Implements Pilot Foreign Investment Reforms

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SHANGHAI – On June 3, the Pingtan Comprehensive Pilot Zone (PCPZ) released the “Catalog of Simplified Approval for Foreign Investment Access to the Pingtan Comprehensive Pilot Zone (2014)” and the “Interim Measures on the Administration of Foreign-invested Enterprises (FIEs) in the Pingtan Comprehensive Pilot Zone,” which took immediate effect.

Pingtan, located in Fujian province, is situated next to Taiwan and therefore enjoys unique advantages in cross-strait exchanges and cooperation. With high-tech and modern service industries introduced from Taiwan, the PCPZ aims at further development in the wind power, sea water desalinization and tourism sectors. Continue reading…

Removal of Licensing Requirements for Foreign-Invested Advertising Agencies in the Shanghai FTZ

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By Kate Wang, Dezan Shira & Associates

On September 26, 2013, China’s State Administration of Industry and Commerce (State AIC) issued “Suggestions on Supporting the Construction of the Shanghai Free Trade Zone (FTZ)” (Suggestions) which, among other things, removed certain restrictions regarding the establishment of foreign-invested advertising enterprise in the Zone as stipulated under the Administrative Regulations for Foreign-invested Advertising Enterprises (Regulations).

Under the Regulations, foreign companies in China are required to meet certain shareholder qualifications and obtain a special license to engage in advertising. This means that they have to first seek approval from the Advertising Department under the Administration of Industry Commerce and submit proof that they meet the relevant requirements. More specifically, for a foreign investor to enter into a joint venture advertising enterprise with a Chinese company, the Regulations require that the foreign investor be themselves engaged in the advertising business and have three years or more experience doing so. Continue reading…

Investment Opportunities in Ningbo, China

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Located midway along the coastal line of the Chinese mainland, Ningbo serves as the economic center for the southern Yangtze River Delta. The city covers a land area of 9.8 km2 with an urban resident population of 9.7 million. According to the 2013 Ranking of Urban Competitiveness in China by Shanghai University of Finance and Economics, Ningbo ranks among the top five most competitive cities in China.

Given its geographic advantage, Ningbo is an important traffic hub and is now connected to adjacent regions with three major bridges. The city benefits from a multifaceted transportation system based on coordinated development of sea, land and air channels. Currently,Ningbo is constructing its own urban transit system, expected to cover the whole urban area.

Continue reading…

China Regional Focus: Suzhou, Jiangsu Province

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By Rainy Yao

Suzhou: Venice of the East

Suzhou is a major city in the southeast of Jiangsu Province, Eastern China and part of the Yangtze River Delta. Considered one of the richest major cities in China, Suzhou is known as the “Venice of the East.” In this article, Rainy Yao from Dezan Shira & Associates takes a look at this picturesque city filled with opportunities for foreign investment. Continue reading…

China Regional Focus: Hangzhou, Zhejiang Province

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By Yao Lu

Jan. 2 – Hangzhou, whose name translates to the “heaven of the earth”, is the capital of Zhejiang province. The city is located in the southern part of the Yangtze River Delta, the western end of Hangzhou Bay, the lower reaches of the Qiantang River, and the southern end of the Beijing-Hangzhou Grand Canal. It is a financial center in the south wing of the Yangtze River Delta, and a traffic hub for southeast China.

Economic Overview
Over the past decade, Hangzhou has earned recognition from investors for its remarkable economic development, and the city’s economic strength continuously ranks among the top ten medium to large cities in the country.

In 2012, Hangzhou’s GDP exceeded RMB 780.4 billion and grew at an annual rate of 9 percent. Breaking Hangzhou’s growth down further, the city’s primary industry contributed RMB 25.6 billion (2.5 percent growth) and its secondary industry RMB362.7 billion (8.5 percent growth). The remaining RMB 392.1 billion came from the service sector, which grew 10.1 percent year-on-year. Continue reading…

Zhejiang Releases Measures to Ease Company Registration

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Nov. 28 – Zhejiang’s Administration of Industry and Commerce (AIC) recently announced the release of nine measures to conform with the reformatory policies on company registration outlined in the October 25 State Council Executive meeting. These measures will aim to stimulate investment in the province by modifying the government’s role in the market and lowering entry barriers and start-up costs for entrepreneurs.

A press release by the Zhejiang AIC explains that in order to be prepared for the new company registration system, a number of relevant laws and regulations must be revised. It is still unclear when the new measures will enter into force. Continue reading…

China Regional Spotlight: Hefei, Anhui Province

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By Alex Tangkilisan

Oct. 28 – Dubbed the ‘City of Science and Education’ due to its more than 200 universities and research centers/laboratories scattered throughout the city, Hefei is the capital of the Anhui Province in Eastern China.

The city itself has five counties and four districts under its jurisdiction, and has a population of over 7.52 million. It is also serves as the political, economic and cultural hub of the province, and houses an administrative area covering 4,372 square miles. Continue reading…

Shanghai FTZ Launches Cross-Border E-Commerce Platform

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Oct. 11 – As one of the first waves of projects initiated in the Shanghai Free Trade Zone (“Shanghai FTZ”), Shanghai will be launching a pilot cross-border E-commerce platform called buyeasi.com (“跨境通”, pronounced as “kua jing tong”). A trial run of the platform was completed in the past few days, and it will officially commence operation once approval from the China’s General Administration of Customs (GAC) is issued. Continue reading…

Asia Briefing Bookstore Catalogue 2013
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