Nansha’s free trade zone is offering a new service for Hong Kong entities and citizens desiring to set up foreign investment companies in the trade zone that will enable them to handle business registration procedures right in Hong Kong rather than have to travel to Nansha for the work.
The Guangzhou Nansha Investment Consulting Co., Ltd., the Guangzhou Yuexiu Group and Ching Hing Bank will provide investment promotion, consultancy and business information services in Hong Kong for interested parties. The commercial service will be convenient for Hong Kong citizens and enterprises, as well as for foreign investors in Hong Kong. Investors won’t need to leave Hong Kong, as they will be able to handle business registration there rather than on the mainland. Enterprises therefore will be able to settle in Nansha more quickly, which should reduce their costs of business.
The China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangzhou held an opening ceremony to promote this new commercial service on April 17.
(By Joanna You, Louis Berney)