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Set
Up Your Company in China - Shanghai Market Overview
In market opening
up, Shanghai always runs among the foremost in China. There
have been lots of No.1 achieved in Shanghai's opening up of
service trade to foreign investment particularly after China's
accession to WTO. Shanghai is the only city, which firstly opens
up in all the area of retailing, banking, insurance and telecommunications.
Market System
In order to make it the most well ordered city in China, Shanghai
is now actively integrating the loose market to enhance market
level and improve legal environment to protect intellectual
property rights.
Shanghai issued ¡°Suggestions of Shanghai Municipal Government
on M&A of SOEs by Foreign Investors¡± in 2002. In this year,
non-public economy increases 18% higher than public economy£¬accounting
for 32% of the GDP. In intellectual property protection, Shanghai
has formulated 6 intellectual property laws and regulations.
Besides, there are 3.78 lawyers among 10000 Shanghainese, which
is 3.5 times that of Chinese average. There are over 50 foreign
law firms in Shanghai£¬accounting for 1/3 of the total in China.
Shanghai's 160 municipal-level industrial associations also
play important role in government decision-making and industrial
self-discipline.
Social Credibility
Shanghai is particularly proud of its social credibility information
system, the largest in China. In July 2000, Shanghai opened
individual united credibility information system firstly in
China. And in March 2002, Shanghai enterprises united credibility
information systems was opened. Today 2.93 million persons'
(1/4 of Shanghai's registered population) credibility files
are covered by individual credibility system. Some 480, 000
enterprises have been incorporated into the enterprise credibility
system, covering all enterprises in Shanghai.
Financial Market
As the financial center of China, Shanghai boasts the most comprehensive
financial market system in China mainland.
In 2002, Financial Service Office was established to strengthen
the service function of local government. The financial market
in Shanghai includes securities, inter-bank offerings, bonds,
futures, foreign currency and gold, etc. Among it, there are
730 listed companies and 775 stocks are issued on Shanghai stock
market (54 B shares, total amounts up to USD3 billion, which
have attracted many foreign investors and pave a new path for
them to invest in China. The exchange value of stock on Shanghai
stock market in 2002 accounted for 60% of China's total, with
amount up to RMB2800 billion. Shanghai Gold Exchange opened
in 2002, which indicated China has established all the Exchange
Markets for main financial products and made Shanghai be the
domestic financial center of China.
Foreign Invested Financial Organizations
As more and more foreign financial units speeding up their coming
into Shanghai, Shanghai's financial market will be more complete
and active towards world-level financial service.
Shanghai has more than 3300 Sino-foreign financial units among
which there are about 70 operative foreign financial units with
54 foreign banks and 15 foreign insurance companies. Four foreign
banks have set up their Chinese headquarters in Shanghai, which
consist of Citibank, HSBC, Standard Chartered and overseas Chinese
bank. The lending and borrowing business made by Shanghai's
foreign bank accounts for China's half and lending and borrowing
in RMB even accounts for 80%. Thirty foreign banks have been
approved to engage in RMB business and twenty-three have been
approved to operate foreign exchange business in full scope
in Shanghai. Undoubtedly, Shanghai is the financial center of
China and is moving towards the international financial center
rapidly.
International Exhibition
Shanghai's burgeoning exhibitions and conferences greatly promote
the formation of an international market and indicate Shanghai's
rapid rising in its international standing.
The area of exhibition industry increases at the rate of 30%.
Many world famous conferences have been held in Shanghai, such
as Fortune forum, APEC, Shanghai 5 States Summit, ADB annual
meeting, the 32nd ICC. Shanghai International mould expo has
been listed in UFI. World Expo. 2010, which will be held in
Shanghai, will make several records, for instance, the first
time to be held in a developing nation, the largest in area
and visitors. Shanghai will make an investment of over USD3
billion to it.
If you are interested
in Shanghai market entry and want to set up REPRESENTATIVE
OFFICE or WFOE [Wholly Foreign Owned Enterprise]
here, you can click the top menu to find our the process period,
paperwork and cost etc. Also you could
Call
33011478 for further information
Meshing Consultancy Services Co., Ltd.
Address: Room 3B, 4th floor, Yinli Building, 485 Henan (North)
Road, Shanghai 200071. [ -MAP-
]
Operation Time:
Monday to Friday 9:30AM-17:00PM (
4th April - Holiday )
Tel: 021-33011478 (You can inquire in English)
Fax: 021-33011478
Mobile: 13501828752 (24Hours)
E-mail: info@visainchina.com
Website: Http://www.visainchina.com
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