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.

Hunan Issues Implementation Plan to Facilitate Yangtze River Economic Belt Development

The General Offices of the CPC Hunan Provincial Committee and the Provincial Government recently issued an “Implementation Plan for Hunan Province's Key Work in Deeply Promoting the Yangtze River Economic Belt Development (“Implementation Plan”). It responds to the idea of how to effectively “facilitate the development of the Yangtze Economic Belt by promoting well-coordinated environmental conservation and avoiding excessive development.” Thirty-three specific rules have been made, which define the task completion date and responsible departments.The “Implementation Plan” notes that it is important to take “water pollution remediation, water ecological restoration, and water resources protection” as the core to facilitate ecological environment conservation and restoration.By the end of December 2018, the following tasks will be completed:--Remediation and standardization in the construction of large-scale drain outlets;--Remediation of centralized drinking water sources in cities at or above the county level;-- Rectification of 33 black and odorous water bodies in urban areas, 76 in counties, and 41 in townships; and,--Clear away pulping capacity for paper making industry in places that surround the Dongting Lake, including Yueyang, Yiyang, Changde and Wangcheng.By the end of 2020, the proportion of water meeting excellent water quality in the national surface water assessment section will increase by 5 percentage points over that in 2017.An ecological conservation zone covering the entire "one lake, four rivers—Xiangjiang, Zijiang, Yuanjiang, and Lishui" basin will have been established. Ninety percent of the rural household waste in the province will be treated; and a basic daily cleaning mechanism established. More than 85 percent of the farmers will have sanitary washrooms.The “Implementation Plan” says that Hunan will take “ecological priority and green development effect” as an important reference for evaluating the overall performance of the Party and government leading groups and members; and for the reward, punishment, appointment and removal of officials. At the same time, provincial and municipal (prefectural)-level governments will regard it as an inspection. If responsibilities mentioned in the plan are not followed, and measures not working, officials at different levels should be accountable.Source: www.fdi.gov.cn

Hainan FTZ launches multi-billion projects

Hainan Free Trade Zone this week launched 100 construction projects with a total investment of 29.8 billion yuan ($4.29 billion) from local governments and enterprises in and outside of Hainan.A grand ceremony was held in Haikou, the capital city of China's southernmost Hainan province, on November 28 to mark the commencement of these projects.Located in major cities and counties around the tropical island, the projects include major infrastructure work such as the second-phase Haixiu expressway and the international convention and exhibition center in Haikou, along with industrial projects such as the China Shipbuilding Corp's deep-sea testing ground. Also included are projects aimed at improving community life in the region, such as the Sanya rural domestic sewage treatment project.A further 41 projects that will draw 34.2 billion yuan investment to Hainan were signed at the ceremony, among them the Sanya Deep Sea Science and Technology City, the SF Express Hainan port, the expansion of the CNOOC Hainan terminal, and the second phase of the Haidian Foreign Language Experimental School.Governor of Hainan province, Shen Xiaoming, speaking at the ceremony said that the launching of these projects in Hainan showed the province's commitment to high-level planning to promote valuable construction work.He said since construction of the Hainan Free Trade Zone was launched in April, major national and international enterprises have come to Hainan to show their interest in and support for the development of the Hainan Free Trade Pilot Zone, which was expected to show significant progress by 2020.Source: China Daily

Forum held in London to discuss Belt and Road, green finance

A forum was held in London on Monday with focus on the Belt and Road Initiative and green finance, with more than 50 participants from political, industrial and financial fields in both China and Britain.Chen Yuan, former vice-chairman of the Chinese People's Political Consultative Conference and chairman of the Silk Road Research Centre, said in the opening speech that the synergy between green development and the B&R Initiative has received extensive attention."We must also integrate the concept of sustainable development of green, low-carbon and recycling into the whole process of construction and various projects in the promotion of the Belt and Road Initiative," Chen said, stressing that the B&R Initiative and green development are mutually coordinated and mutually beneficial.Chen hoped that China and Britain should work together to contribute to the green development of the B&R Initiative, the Sino-British friendship and the Community of shared future for mankind.China's Ambassador to UK Liu Xiaoming said that China and Britain have major advantages in carrying out green financial cooperation under the framework of B&R Initiative."The UK is a 'natural partner' of China in advancing the BRI. I hope that the UK will engage in BRI more vigorously and substantially and join us in deepening and broadening China-UK cooperation on the BRI," Liu said, adding that he hopes that this forum will bring out more insights on how to tap our potential in green finance under the framework of the B&R Initiative, so as to elevate and expand cooperation on green finance.Lord James Sassoon, chairman of the China Britain Business Council said in his speech that the idea of building a "Green Silk Road" can be achieved not only with the establishment and improvement of green standards, but also close cooperation between different countries.British Teasury's Belt and Road Envoy Douglas Flint suggested that the B&R Initiative construction could be combined with the UN's sustainable development goals and strive to achieve maximum benefits.Co-hosted by Climate Bonds Initiative and Reignwood Cultural Foundation, this forum is the first forum in the UK to bring together the two hot topics of the B&R Initiative and "Green Finance" for discussion.Source: China Daily

China's transport investment remains stable in Jan-Oct

China's fixed-asset investment (FAI) in transport posted steady growth in the first 10 months of this year, the country's transport ministry said. FAI increased 0.7 percent year-on-year to reach 2.6 trillion yuan ($375 billion) in transport in the period, the Ministry of Transport (MOT) said in a statement. Investment in the country's roads reached 1.76 trillion yuan in the first 10 months. MOT data shows that FAI in expressways and rural roads expanded 11.6 percent and 1.5 percent year-on-year in the period, respectively. By 2020, China aims to have a modern transportation system that is safe, convenient, efficient and green. The country plans to spend around 2.6 trillion yuan on transport infrastructure in 2018, with goals to further expand railway and road networks, especially in poverty-stricken areas.Source: China Daily

The "Global City Ranking 2018" by GaWC

As one of the world's most prestigious city rating agencies, GaWC has published the "Global City Ranking" from 2000. GaWC will determine the status of a city in the world's urban network by examining the inter-city financial, professional, and innovative knowledge flows. GaWC divides the city into Alpha, Beta, Gamma, and Sufficiency (+/-) with its unique perspective, to show the city's position and integration in the global economy. This list is considered to be the most authoritative ranking of the world's cities in the world.GaWC divides the world cities into four major grades - Alpha (first-tier cities), Beta (second-tier cities), Gamma (third-tier cities), and Sufficiency (a self-sufficient city, also known as a four-tier city).GaWC ranks the world cities by using the distribution of the "Six High-level Producer Service Organizations” in major cities around the world. It mainly includes: banking, insurance, law, consulting management, advertising and accounting, focusing on the city's leading role and driving ability in global activities. GaWC's assessment of world cities does not include direct GDP and manufacturing output. In other words, the more international organizations in these industries are distributed in cities, the higher the scores of cities, and the more they are considered to be influential world cities by GaWC.From the "Global City Ranking" released in 2018, for the Chinese cities, Hong Kong is one of the Top Three Cities, and Beijing has entered the "Top Four" for the first time. Taipei and Guangzhou are at the Alpha level. It is worth mentioning that Shenzhen has successfully entered the Alpha-level and entered the ranks of the world's first-tier cities for the first time. At the Beta level, there are 13 cities in China, including Chengdu and Hangzhou at Beta+, Tianjin, Nanjing and Wuhan at Beta level, Chongqing, Suzhou, Dalian, Xiamen, Changsha, Shenyang, Qingdao and Jinan at Beta-level.