Hebei Province speeds up the opening of coastal areas

Recently, the General Office of the Hebei Provincial Government issued the “Implementation Plan for Accelerating the Open Development of Coastal Areas”.Hebei Province will give play to the advantages of Qinhuangdao, Tangshan and Zhangzhou City, and take the initiative to dock the “Belt and Road” construction, and build a new pattern of port-based, urban-oriented and open-type industrial agglomeration. The expansion will improve the two growth poles of Caofeidian District and Bohai New District. And will create a first-class International Coastal Tourism Zone, to create a Modern Coastal Industrial Zone, and to create the first to develop innovative demonstration zone.Moreover, Hebei Province will improve the function of urban international exchanges, encourage Qinhuangdao, Tangshan and Cangzhou to actively undertake the International Cooperation Forum of local governments according to their own characteristics and opening up needs, and expand international cooperation channel. Enhance the vitality of urban innovation, give play to the synergy of Beijing-Tianjin-Hebei, and promote the construction of a deep-integrated regional science and technology innovation cooperation community to enhance the quality of urban development.In addition, Hebei Province will also optimize the business environment, insist to be equal for domestic and foreign investment, and establish a comprehensive “negative list” access system for domestic and foreign investment. And will create a high-quality policy environment, implement a unified examination and approval standards for domestic and foreign-funded enterprises, and also will implement the unified standards in terms of apply for foreign investment, project establishment, industrial and commercial registration, foreign exchange registration, business license processing, qualification licensing and government licensing, etc.

Shanghai Industrial Structure Adjustment Negative List

Recently, the Shanghai authorities released the latest version of the 2018 "Shanghai Industrial Structure Adjustment Negative List", involving more than 500 contents in 15 major industries, which will have a major impact on Shanghai's future economic development and industrial investment.This "Negative List" covers 15 industries including electricity, chemical, electronics, steel, nonferrous metals, building materials, medicine, machinery, light industry, textile, printing, shipbuilding, telecommunications, etc., a total of 541 items (337 categories of elimination, restricted class 204 (Item), can be used as a relevant unit to carry out structural adjustments and improve energy efficiency.Shanghai released the “Industry Negative List” to further clarify and strengthen Shanghai's industrial structure and future development.Shanghai has made a lot of efforts in expanding economic development in recent years. At the opening ceremony of the first China International Import Expo this year, General Secretary Xi Jinping delivered a speech saying that a new area of China's Shanghai Free Trade Zone will be added to encourage and support Shanghai's innovation and exploration in promoting investment and trade liberalization and facilitation. 

Henan Province promote the foreign investment

In order to promote the steady growth of foreign investment in the Henan Province and build a new era of comprehensive opening up. On December 10, the Henan Provincial Government issued the "Notice on Actively and Effectively Using Foreign Capital to Promote High-Quality Economic Development", which will greatly relax market access and increase the financial support of foreign-funded enterprises and projects to attract foreign investment into Henan.Henan will accelerate the opening up of the automobile and aircraft industries, encourage foreign enterprises to invest in new energy vehicles, general aircraft manufacturing and key parts and components, and officially cancel the restrictions on foreign-invested shares in the automobile manufacturing industry and the number of joint ventures in automakers.In addition, Henan will relax the conditions for foreign investors to set up investment companies, and at the same time, will further relax or cancel the restrictions on the investment conditions of foreign-invested talent intermediaries, and eliminate the proportion of foreign technical personnel engaged in foreign-invested construction engineering design enterprises. In addition, Henan's support for new foreign-funded projects and capital increase and expansion has increased significantly. For newly established overseas  regional headquarters and functional institutions will award a reward of no more than 10 million yuan at a time; and a foreign-funded research and development institution that is recognized as a provincial-level major new research and development institution will be awarded a prize of up to 5 million yuan.Henan will further optimize the business environment, implement foreign-invested business filing and industrial and commercial registration with "in one window", and further reduce the restriction for foreign-invested enterprises.

Guangxi to introduce tax refund policy

Guangxi Zhuang Autonomous Region in South China will introduce a tax refund policy on Dec 11 for foreigners staying in China within 183 days and people from Hongkong, Macao, and Taiwan.Nanning, Guilin, and Fangchenggang will be the first cities to carry out the policy with a minimum refund amount of 500 yuan ($73) and a refund rate of 11 percent. The money can be refunded in cash or via bank transfer."In order to better inform the passengers of our policy, we have prepared handbooks in Chinese, English, Japanese, Korean and Vietnamese," said Lai Fuqiang, with the autonomous region's culture and tourism department, adding that Guangxi receives a large number of inbound tourists each year.According to local authorities, Guangxi received over 5.12 million in-bound visitors last year, creating $2.396 billion of forex tourist consumption in which 20.9 percent was spent on shopping.Source: ChinaDaily

The center of Science and Technology Innovation in the Yangtze River Delta——Anhui

Recently, Anhui Province made decision at the conference to promote the development of private economy, indicating that the Listed Science and Technology Innovation Enterprises will be given financial support. At the conference, Anhui launched 30 opinions to promote the development of the private economy, including the addition of the special funds for the the development of SMEs with 1 billion yuan; the reducation of tax and fees; the reducation of the difficulty in raising capital and so on.This is the first province in the country to provide funds supporting for the Listed Science and Technology Innovation Enterprises. So the question is, in many powerful provinces on economically, why Anhui become the first province to reward?For Anhui, the capital behind the encouragement of science and technology companies to go public is that Anhui is strengthening its technological innovation positioning.As early as 2014, Anhui has been identified as part of the Yangtze River Delta urban agglomeration and participates in the integration of the Yangtze River Delta.The Positioning of Anhui in the Development of the Yangtze River Delta:“As the technology innovation source for the Yangtze River Delta, focus on key industries such as information, energy, health and environment, and build a strategic and technological force that serves the whole region, focus on breaking through a number of core technologies and key technologies, and support high-quality innovation with high-energy platforms.”And as the center of science and technology innovation in the Yangtze River Delta, in recent years, Anhui Province has also made great achievements in attracting foreign investment. In 2017, Anhui attracted foreign direct investment totaling $67.3 billion, with an average annual growth rate of 13%.The well-known accounting firm KPMG also said that the foreign investment environment in Anhui Province is stable, fair, transparent and predictable. It has performed well in five aspects: industrial foundation, innovation-driven, openness to the outside world, government service and legal protection, and be accepted widely by enterprises.As mentioned above, Anhui provides a strong guarantee for enterprises in terms of infrastructure, talents, and corporate services.

What are the basic procedures for registered companies in Shanghai?

There are two ways to register a company in Shanghai. One is for the entrepreneur to register himself, and the other is for the agency to assist entrepreneure to register.In this article, Tanikawa will help investers to learn what are the basic procedures for registered companies in Shanghai?1. Approved nameBefore the entrepreneur approves the name, need to determine the name of the company, the registered capital, the type of the company, the proportion of the shareholders' investment, and then submit the name approval application to the Industrial and Commercial Management Department where the registered address is located. You also can handle these procedure online. When the enterprise name is passed, the Industrial and Commercial Bureau will issue the “Notice of Pre-approval of Enterprise Name”.2. Business license approvalEntrepreneurs need to confirm the company's address information, business scope and other materials, and submit the materials to the Industrial and Commercial Management Department. If the approval is passed, they will receive a registration notice.3. Obtain a business licenseEntrepreneur needs to bring the following materials: the Company Establishment Application, the Company's Articles of Association, all the ID Card for all Shareholders, the Name Pre-approval Notice, the House Lease Contract and other related materials to the Industrial and Commercial department, and then apply for a business license.4. Engraved chapterWith the company's business license and the ID card for Legal Entity to conduct the official seal, financial seal and legal entity seal.  5. Tax registration6, the bank opened an account7, accounting tax return8. If necessary, it must apply for social security account opening.