Tianjin Surges Forward in the New Millennium

The history of Tianjin Municipality dates back to Emperor Yongle's reign in the early Ming Dynasty (1368-1644). In 1860, Tianjin was designated as anopen port city, one the first in China to trade with foreign countries. It furtherdeveloped into one of the modern industrial bases of north China, due to itsposition as the communications hub of the Haihe River and its close proximityto Beijing, the capital of China. Since China's, opening, the city has turned anew page in its history of in…     

Guiding Overseas Investment

Detailed tasks have been assigned to different government departments to attract and utilize foreign capital In line with China's economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and direct such investment to China's central and western regions. Now,a new scheme is demonstrating the Chinese Government's determination and confidence to further improve the investment environment for foreign capital and en...     

The Government Behind an Internationalized Central Business District

TOWARDS the end ot 2004, one of the world's largest international consultancy firms, PricewaterhouseCoopers (PWC). set up shop in Beijing's Central Business District (CBD). The site it selected is the company's largest property in the Asia-Pacific Region. Executive chairman of PWC China Silas Sin Shun Yang says that Beijing is the engine room driving China's economic development, and PWC's presence in the nation's capital would indicate that it plans to channel more funds towards China. Other international financial institutions have also mushroomed in Beijing's CBD. in the city's Chaoyang District. By October 2004. 17 of the 24 foreign bank branches and 68 of the 91 foreign bank representative offices in Beijing appeared in and around the CBD. Six of the world's ten most competitive banks have entered Beijing, and more are expected to follow this year. as China enters the latter stage of the post-WTO transitional period, and accelerates opening up of its financial sector.     

A Capital Opportunity

正Limits on foreign ownership of securities firms scrapped to open up financial industry wider To quicken opening up the financial industry to foreign investors,the Chinese authorities scrapped the limits on foreign ownership in securities and fund management firms on April 1,bringing cheer to foreign companies seeking to set up wholly owned subsidiaries on the Chinese mainland.Alicia Garcia Herrero,chief economist for Asia Pacific at French investment bank Natixis,told CGTN,"lt's very good news for the world because we are in the process     

A Widening Door

China has been accelerating the opening up of its capital market in recent years.To further facilitate investment by foreign institutions through different channels,China lifted restrictions on foreign ownership in some industries one year in advance,originally scheduled for 2021.     

Nurturing SMEs

Practical financial,tax and accounting issues affecting international SMEs during the early stages of investment VAT and customs policies Chinese customs provides preferential treatment to foreign companies as a tool to encourage them to set up operations in certain industrial sectors.For example,some foreign enterprises are entitled to the preferential     

A Capital Opportunity Limits on foreign ownership of securities firms scrapped to open up financial industry wider

To quicken opening up the financial industry to foreign investors,the Chinese authorities scrapped the limits on foreign ownership in securities and fund management firms on April 1,bringing cheer to foreign companies seeking to set up wholly owned subsidiaries on the Chinese mainland.Alicia Garcia Herrero,chief economist for Asia Pacific at French investment bank Natixis,told CGTN,"lt's very good news for the world because we are in the process of disintegration,deglobalization,which is being sped up by the coronavirus...So any measure to open up any country,especially China,is absolutely welcome."     

Collaboration 40 Years On

正Suzhou New District (SND), located in the eponymous water city famed for its gardens, silk industry and manufacturing, was approved by the State Council as a hi-tech industrial development zone in 1992.As reform and opening up deepened,the district expanded its scale, becoming the axis of Suzhou’s economic development. Besides local enterprises, over 1,700foreign enterprises, including more than     

Upgrading Western Development

正China unveils new guideline on western development to enhance opening up,innovation in the region Chinese policymakers on May 17 issued a guideline on advancing the new pattern of western development in the new era,which calls for winning the"three tough battles'against major risks,poverty and environmental pollution,improving innovation capability and building a modern industrial system in the country's western region.The development of the western region remains unbalanced and inadequate and lags far behind the eastern region,making it arduous to further reduce poverty.The western region is still a weak link in completing the building of a moderately prosperous society in all respects and achieving socialist modernization,the guideline says.The guideline requires a notable improvement in ecological,business and innovation environment as well as opening up of the western region by 2020 and the completion of the building of a moderately prosperous society in     

Legal-Ease Beijing & Northeast China Investment Facts

Beijing and northeast China are fast becoming areas of growing interest to international investors. Here we highlight some aspects of cities in northeast China and consider the options for setting up business in the capital. Beijing investment zones identified China's development zones generally offer foreign investors better infrastructure, lower tax and other incentives, and much higher levels of service support than elsewhere in the country. The table here lists the main investment zones in Beijing itself.