[Week 20, 2015] Overseas Investment Approval Starts in Hengqin
2015-May-22 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

The China (Guangdong) Pilot Free Trade Zone (FTZ) in the Hengqin Area of Zhuhai was established on April 23. Subsequently, overseas investment approval is about to start in Hengqin in late May.

According to the State Administration of Exchange Control, the individual annual total settlement is 50,000 USD. "A large outflow of capital will be misinterpreted as money laundering," said one man engaged in the service industry in Zhuhai.

After relevant policies are issued and provincial filing is decentralized to Hengqin, corporate foreign investment procedures will be simplified and there will be few prohibitions on overseas investment. Enterprises from any industry permitted by Chinese law can invest abroad with unlimited investment.

In 2014, 45 new foreign investment projects were introduced to Zhuhai, with China's total investment reaching 720 million USD, an increase of 293 percent on a year-on-year basis. By the end of April this year, the number of registered enterprises in Hengqin reached 8,805. Significantly, 1,442 enterprises have been introduced in the first four months of this year, having a registered capital of 60.3 billion yuan.

Hengqin's financial environment is bound to be more active in the future.

Editor: Chan
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Home | About Us | Contact Us | Southcn.com
www.newsgd.com registered number 020074 | ICP Certificate No.B2-20050252