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Category: Market Focus

China-Germany Business Relationship Update- First Half of 2024

From 14 to 16 April 2024, Federal Chancellor of Germany Olaf Scholz paid a visit to China with a sizeable delegation comprising heads of a dozen industrial giants. The visit coincided with the 52nd year of diplomatic relations between Germany and China and the 10th year of the all-round strategic partnership between Germany and China. This article covers significant events such as Federal Chancellor Olaf Scholz’s visit to China, the robust bilateral trade figures, highlighting China’s longstanding role as Germany’s largest trading partner in recent years. Additionally, the article explores German investment trends, opportunities, and challenges in China.

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Aerial view At container terminal,crane lifts container from ship to truck to deliver goods

Guangdong’s Maritime Economy: Leading in the Nation for 29 Consecutive Years

The “Guangdong Maritime Economy Development Report (2024)” highlights that Guangdong has held the top spot in China’s maritime economy for 29 years. In 2023, its maritime GDP was 1.87781 trillion RMB, comprising 13.8% of the regional GDP. The maritime industry, including emerging sectors like marine pharmaceuticals and renewable energy, contributed significantly to regional growth. Technological advancements and international cooperation, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, have bolstered its maritime sector’s robust performance.

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China-Ecuador Free Trade Agreement Takes Effect on 1 May 2024

The China-Ecuador Free Trade Agreement, which took effect on May 1, 2024, marks a significant advancement in economic relations between the two nations. By immediately eliminating tariffs on 60% of goods, with plans to extend this to 90%, the agreement opens up expansive trade and investment opportunities. This treaty not only facilitates a reduction in trade barriers but also promotes economic growth and cooperation. The immediate impact is seen in sectors ranging from agriculture in Ecuador to manufacturing in China, fostering a dynamic economic partnership.

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Hong Kong Introduces New Capital Investment Entrant Scheme

Hong Kong’s new Capital Investment Entrant Scheme (New CIES) is set to attract high-net-worth investors, reinforcing the city’s status as a global financial hub. Launched on March 1, 2024, the scheme enables international and Chinese investors to gain residency in Hong Kong by investing in specific asset classes. To help you leverage the New CIES, this article provides an overview of the eligibility criteria, the range of investment assets that fall within scope, and details regarding the application procedure.

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Hong Kong sunny day

Expand Beyond Hong Kong: Dedicated Fund on Branding, Upgrading and Domestic Sales

Do you own a non-listed company in Hong Kong? You may be eligible to apply for funding under the Dedicated Fund on Branding, Upgrading and Domestic Sales (“BUD Fund”) to support your expansion efforts outside Hong Kong. This article will walk you through the eligibility criteria, funding scope, allocated funding amounts, and a step-by-step guide to navigating the application procedure under the different BUD schemes.

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Shenzhen issued three documents to comprehensively optimise the city’s business environment and facilitate foreign investment.

Investing in Shenzhen and the GBA: Hi-tech Powerhouse Unveils Plans to Widen Doors to Foreign Investment

At the forefront of innovative development, Shenzhen has captured the interest of foreign investors around the world. At the start of August 2023, the Shenzhen Municipal Government issued three documents, each containing a clutch of measures, to comprehensively optimise the city’s business environment and facilitate foreign investment. This article will delve into how the newly implemented set of measures can enable foreign businesses to operate and invest in Shenzhen and the GBA with greater ease.

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Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai

Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai

The Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai, is a significant development area aimed at supporting the growth and economic diversification of Zhuhai. It is part of the regional development plan for the Greater Bay Area of China. Hengqin Island, the largest island of Zhuhai situated next to Macao, has been a focal point for development efforts. In this article, we explore the economic potential of Zhuhai and highlight the advantageous industries and preferential tax policies within the Cooperation Zone in Hengqin.

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The Automotive Spare Parts Industry in the Greater Bay Area

The Automotive Spare Parts Industry in the Greater Bay Area

The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile manufacturers and suppliers, and it has a well-developed supply chain network supported by advanced logistics infrastructure. The industry is also actively involved in the development of sustainable transportation systems, including electric vehicles (EVs) and infrastructure for EV charging. There are opportunities for overseas investors, with Guangzhou being a prominent destination for foreign investment in manufacturing. However, SMEs in the industry face challenges such as rapidly changing technology, competition, funding limitations, and supply chain disruptions. Despite these challenges, the GBA’s automotive spare parts industry is poised for continued growth and success.

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The Healthcare Industry in the Guangdong-Hong Kong-Macao Greater Bay Area: A Growing Opportunity for Foreign Investors

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in China has a rapidly growing healthcare industry with significant potential, driven by a large and growing market, favourable government policies, and a strong focus on innovation and technology. The region’s thriving biotech industry and world-class healthcare facilities offer opportunities for foreign investors in areas such as healthcare services, biotech startups, medical equipment and technology, and healthcare tourism. However, foreign investors may face challenges such as a complex regulatory environment, cultural differences, intellectual property protection, and talent acquisition. Successful examples of larger foreign investors and SMEs in the region demonstrate the potential for success in the GBA’s healthcare industry.

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New Opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area’s Industries of Strategic Importance

Discover the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a unique proposition for overseas companies with untapped business opportunities. As an industrial, services, and innovation powerhouse with gigantic, thriving markets, the GBA is a prime destination to do business. Explore industry-specific opportunities in health tech, biotech, e-commerce, next-generation information technology, green tech, and manufacturing.

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