Apr. 11 – According to the Department of Foreign Trade and Economic Cooperation of Guangdong Province and Guangdong Province Administration of Industry and Commerce (Guangdong AIC), a new streamlined registration and approval process for foreign-funded companies will be run across nine cities along the Pearl River Delta. The newly revamped procedures are currently being trialed in Dongguan, Foshan, and Guangzhou.
The discussion of streamlining the approval procedure came out of an article published in the Nan Fang Daily about the lengthy and complicated process a foreign-funded company went through to get registered in Guangdong. From the registration of the company name to the final approval, the company had to get permission from at least 10 different departments. Due to the number of government agencies involved in the process and the disjunction between them, the process could take up to one year or longer. Continue reading
Posted in Business, FDI and Foreign Trade, Legal and Regulatory, Regulatory Update, South China
Tagged Dongguan, Foshan, Guangdong, Guangdong Administration of Industry and Commerce, Guangzhou, Registration, South China, State Administration of Industry and Commerce
By Vivian Ni
Oct. 27 – China’s property developers are actually offering discounts to real estate buyers, as they need higher sales to refill their parched cash flows. Although the price decline has only happened in a few select areas and experts are still hesitant to interpret it as an exact sign of an overall downturn in China’s property market, positive outlook towards the sector is falling as the central government’s efforts to cool housing prices continues. Continue reading
Posted in Business, Economy and Politics, Markets, Real Estate
Tagged Chengdu, China First Tier Cities, China House Price Decline, China Housing Bubble, China Interest Rate, China Property Developers, China Real Estate, China Reserve Requirement Ratio, China Second Home Purchase Restriction, China Tightening Monetary Policy, Foshan, Hangzhou, Nanjing, Shanghai