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Company Formation in China With every company formation in China, Kingyee China Foreign Investment Consulting Service Group have different kinds of information you need. No matter what kind of company formation, we can provide you the best solutions. Find more information through following methods.
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Company Formation in Shanghai,Kingyee China Foreign Investment Consulting Service group have a strong team which can provide you all services you need for company formation in Shanghai. Including company formation, visa management, booking keeping and other relevant services. Company formation in Shanghai? We are the one!
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China (Shanghai) Pilot Free Trade Zone Opening Ceremony opening-ceremony China (Shanghai) Pilot Free Trade Zone Opening Ceremony The opening ceremony of China (Shanghai) Pilot Free Trade Zone was held at 10 AM this morning — 29th of September, 2013. Municipal Part Secretary of Shanghai City Han Zheng, Mayor of Shanghai City Yang Xiong and Commerce Minister of the People’s Republic of China Gao Hucheng were all attended the opening ceremony. And issued the certificates for 36 enterprises at the ceremony. These 36Enterprises are including 11 Chinese-Foreign Joint Venture Enterprises and Wholly Foreign Owned Enterprises.Please view our website about Free Trade Zone informations: Kingyee China will continue to bring you more informations about Shanghai Free Trade Zone.If you want to get more informations about the FTZ from KingYee China, fell free to contact us. Mayor of Shanghai City Yang Xiong is giving a speech Commerce Minister of PRC Gao Hucheng Ceremony of China (Shanghai) Polit Free Trade Zone Opening Ceremony ftz opening ceremony ftz service hall POLICIES OF FTZ China (Shanghai) Pilot Free Trade Zone Open Shanghai FTZ Overall plan released Shanghai Company Registry is the biggest pa Shanghai Company Set-Up Shanghai Business Registration New Shanghai Free Trade Zone Map Contact FTZ English Service: 86.021.61311274 Mr Lanttiew 86.021.61311284 Mr Shane email@example.com Room 1-8F,No 1,PuJian Rd,LuJiaZui Financial Center,PuDong,Shanghai,China Investing In FTZ Shanghai Free Trade Zone Area Enterprise Se the most professional team to help you mana Shanghai free trade zone Incentives Shanghai free trade zone Major Functions Shanghai Pudong Airport Free Trade Zone Int
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Shanghai Company Set-Up
For foreign investors, Shanghai Company Set-Up is a complicated process to do. So they need a reliable agency to help them finish their Company Set-Up in Shanghai China. So Shanghai Company Set-Up? We are your choice.
Shanghai Business Registration
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The National People’s Congress Standing Committee has authorized the Cabinet to suspend administrative approvals for foreign-funded enterprises, Chinese-foreign equity joint ventures and Chinese-foreign contractual joint ventures in the planned free trade zone, the Xinhua news agency reported.China’s top legislature yesterday gave its approval to the State Council to suspend three laws pertaining to the planned free trade zone FTZ LAWS in Shanghai.
China has been trying to speed up the transformation of government functions and to innovate the mode of opening up.
The suspension will last for three years starting from October 1. WFOE Company Registration Process The laws will be amended and improved if the suspension of administrative approvals during the trial period prove successful,Xinhua reported.
If they do not help,the laws will be back in force.Investment Consulting: Shanghai Business Registry,Consulting on foreign investment laws, regulations and policies, Perennial Consultant;kingyee Shanghai company registration agency firm is belong to Kingyee Shanghai foreign investment consulting service center.It is one of few conprehensive foreign investment service organizations in which have 《Units registration agency》qualification in Shanghai.Main business including:Registration of Shanghai foreign investment company,approval of units name,manage business license, taxation registration,and finacial consulting as agents.
“The suspension of the laws reflected the authorities’ determination to deepen reforms by decentralizing executive power and would provide an impetus for Shanghai’s development,” said Chen Li, a strategic analyst with the UBS Investment Research.
The State Council said earlier this week that a negative-list management method and a registration mechanism will be introduced in the pilot free trade zone to replace the current approval system in order to cut bureaucracy for foreign investors.
The State Council has also proposed to suspend the law on the protection of cultural relics in the zone to allow foreign participation in the antique auction business,but the Xinhua report made no mention of any decision on the proposal.
China last week officially gave the nod to Shanghai to run a trial free trade zone,the first of its kind in the country.
Encompassing an area of 28.78 square kilometers,the pilot zone will cover Waigaoqiao Free Trade Zone,Waigaoqiao Bonded Logistic Zone,Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.
Shares of Shanghai Waigaoqiao Free Trade Zone Development Co, WFOE Registration operator of two of the four bonded zones, surged by the daily limit of 10 percent yesterday after it announced a refinancing plan.
Waigaoqiao plans to raise up to 2.7 billion yuan (US$443 million) at 13.2 yuan per share through a private offering,the company said in a filing to the Shanghai Stock Exchange yesterday.Shares of Waigaoqiao closed at 14.85 yuan yesterday.
The company said it will use 2.1 billion yuan of the proceeds to build five projects,including a regional headquarters center for multinational companies,a distribution center for Asia-Pacific region and platforms for logistics, trading and modern services.
The company will use the remaining 600 million yuan to replenish cash flow.
Waigaoqiao said it is the only listed company among the operators in the zones and it will undertake the financing task for the development of the zone.The company said its net profit soared 400.8 percent year on year to 526 million yuan in the first half of this year.Revenue rose 37.2 percent to 3.98 billion yuan.
<Shanghai Free Trade Zone Company Registration Policies>,
<Shanghai FTZ signals further reform,opening up>,
<China’s Congress discusses Shanghai FTZ>.
Shanghai Free Trade Zone Company Registration Policies
Introduction of Shanghai Free Trade Zone Company Registration Policies
The preferential policies and simplified tax&custom approval of company registration in FTZ of Shanghai has brought worldwide investors to this 28 Square KM land.The approval of FTZ will mainly have influences on company registration,taxation,import&export and other legal issues.The vigorously promotion of FTZ have expedited the construction of Shanghai’s global trade center,financial center and shipping center.
According to the policy summarizing of FTZ by KingYee China business legal team,following is the elaboration of main policy,company registration,virtual address of registration,warehouse and etc.
1.Geographical advantages of FTZ,Located in port area,near the exit of Yangtz River and Pu Dong international airport.This advantages have decided this area’s got a very strong logistics transportation systems.
2.Bonded policy have brought advantages like products entry without customs duties or import linkage tax,Company Law China.tax lagging,inconformity settlement of foreign exchange capital and product flow which can not be taken in other areas.
3.Associated industries,Basic highways,wharf,airports are the best choice for 15,649 foreign enterprises from 120 countries.
4.Applicable industries,Trading,import&export,wine,foods and all Chinese labeled industries.Export manufacture,logistics and domestic trading.
5.Custom clearance,Offsite custom clearance,no time limits for cancellation,trade settlement with US dollars,cargo transshipment,logistics,domestic trading.
6.Financial and foreign exchange,Global offshore financial business,trans boundary CNY business and loosen regulation policy of foreign exchange.
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KingYee help our clients from all over the world to enter the China market fast and quickly.
KingYee is dedicated to providing the package service of legal consulting, China Business Registration,Shanghai Company Set Up,accounting,business management,and business operation of later period.
KingYee Shanghai Company Registration Center has including lawyers,accountants,tax experts,business consultants,interpreters and government advisers and etc
In China, there are following five main company types:WFOE,EJV,CJV,RO and branch institutions.About 80% of our Kingyeechina’s clients would choose register in the form of WFOE.
Kingyeechina is endowed with the best and most professional bilingual staff,and the most reliable government resources ,and the legal team with a wealth of experience in handling all kinds of cases.We aim to provide efficient and professional legal consulting and legal advice for those foreign investors to do business in China .
Kingyee was founded in 2003, since it’s inception, Kingyee has helped more than 850 Investors from over 46 countries of there Shanghai WFOE Registration, financial management, taxation management, letter of invitation and employment visa management. It has already and still providing consulting and agency services for foreign investors company in Shanghai China.
BEIJING, July 10 — China’s stock index futures opened lower on Wednesday, business registration form in china with the contract for settlement in July, the most actively traded, down 16.2 points from the previous close to 2,117.0.
The contract for settlement in August lost four points to open at 2,106.6. The September contract fell 8.2 points to open at 2,095.4, and the December contract declined 3.6 points to open at 2,109.0.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.
The index futures were launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.
Shanghai, July 11,2013 — After a year of the nationwide implementation of the latest stipulations of “China’s Organic Agriculture Certification”, which was enacted by Certification and Accreditation Administration of China (CNCA) and regarded as the world’s toughest rule on organic industry, Chinese organic enterprises have undergone a reshuffle and accelerated its pace of industrial upgrading. This year has witnessed a great surge of demand in domestic organic food market due to the rise of food safety concern and environmental awareness, lifestyle improvement, as well as the continuous development of global organic food market. There is a voice inside the circle that as Asian’s largest organic food producer, China’s organic industry has not only recovered from the reshuffle, but also started to step into a booming phase of rapid growing and upgrading as a whole. The 7th Biofach China held in Shanghai this May could be described as a sign of the revival: 261 exhibitors attended this largest organic product fair in China, a sharp rise in number over the 189 of year 2012. With the theme of Eco-environment protection rather than conventional slogan of organic food consumption, the fair also extended its product range from organic food to daily necessities such as organic toys, organic mother and baby products, organic cosmetics, eco-friendly detergents, etc. A group of Chinese organic enterprises emerged as industry leaders with their grandiose stage array and on-spot events at the fair, such as Tony’s Farm, Beijing Organic and Beyond, Jinyuan Organic, Shanghai Organic, Tang Dynasty Farm and Shinho, etc. Almost all the exhibitors boasted of their products with traceable digital label – a compulsory unified label by CNCA’s new regulation taking effect last July 1st to ensure authenticity in organic foods, which helps a lot to restore costumer’s confidence and becomes the media focus. This fair also successfully attracted international exhibitors from Germany, France, Danmark, Korea, and USA. The booths with imported organic formulas are among the most crowed ones at the fair. The fair organizer NurnbergMesse China also arranged an investigating tour for the experts from Israel, Italia and Austria to visit organic farms, enterprises and stores in Shanghai, Yantai and Beijing.
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The success of this fair undoubtedly boosted the confidence of China’s organic circle, whereas the industry insiders share a common idea that as juvenility in the world’s organic family, China’s organic industry must confront a series of issues laid on the way:
– When will organic products be popularized and eventually enter the era of mass consumption?
– Can the ‘new rule’ really terminate the initial chaos in domestic organic market?
– Is there any real qualified executive ability to thoroughly carry out this toughest “new rule”?
– How to effectively guarantee the environmental safety of the sounding area of organic farmlands?
– Is it sure there is no any secondary pollution during all steps of the processing and distribution?
– Will there be another trust crisis to break out in domestic organic market?
-Regarded as referees living off sportsmen, how can the certification institutes of organic product work as independent and impartial judges?
– Is the certification procedure conducted precisely enough to ensure a flawless result?
– What about the relevant accountability system and social supervising mechanism?
– Can a self-disciplined enterprise survive this competitive market without utilizing any of the system’s loopholes or practicing any cheating or corruptive activities?
– Will there be a definite success mode for Chinese organic enterprises in the nearly future?
– How will the government continue its administration measures and supporting policies on China’s organic industry?
These are the questions haunting China’s organic market. In this regard, it is not springtime for this industry who just survive the winter.
Organic Food = Luxury Goods ?
In recent years, the promotion for health & organic lifestyle has taken effect; there is some achievement in the market cultivation. The increasing public attention to food safety also increases the market demand. Nevertheless, the high price of organic products is still the main barrier to mass market: organic potato – 20 Yuan ($3.2)/500g, organic carrot – 30Yuan ($4.8)/500g, etc. The price of organic vegetables in supermarket is 3-10 times the conventional ones, which is quite out of financial reach of mass customers, and also astonishes the international organic professionals. Dr.Ornit Raz, CEO of Israel Bio Organic Agriculture Association, told the writer that the prices of fresh organic vegetables are only a little higher than the conventional ones, with 2 times as the maximum. So are the prices around the world. Mr.Shi, Chef of Organic Farm stores in Beijing mentioned that most of their customers are mid-aged; they buy the organic food for their kids or give it to elders as presents. Young or mid-aged people don’t normally eat it themselves. Mr.Ma Aiguo, Director of Agricultural Products Quality Safety Supervision Bureau of China’s Agriculture Ministry, explained that due to the high cost but low productivity, organic food is still a high-end product for order-driven market. Thus, one can conclude that organic foods are still regarded as luxury products by Chinese household consumers.
Market Chaos Effectively Contained While Violations Continuing
According to the CNCA’s rule, each organic product on market should bear a unique 17-digit traceable label which enables the supervision department to trace the whole chain from origin to retail. For those agriculture products harvested from the farmlands in conversion period, the products should be labeled as “China’s Organic Conversion Product “during the sale. Moreover, Chinese government is still in negotiation with foreign organic associations on issue of mutual recognition of organic products. For the time being, all imported organic products are subject to be certificated again in China. Otherwise, the products are not allowed to sell under the name of “organic” in any form. This “new rule” definitely imposes higher criteria on domestic organic market, leading to an optimization and a reshuffle of Chinese organic circle. As a consequence, the previous chaos in organic market was effectively contained, market confidence was restored.
However, “strict rules” need “reinforcement”. In organic market cheatings still continue, and frequently exposed by media: conventional vegetables in similar package are often put onto organic stock in some supermarket; foods with faked label are claimed as organic product by some stores; Conversion products sometimes are promoted as organic products without the special label or any notification of “Organic Conversion Product”. Comparing with those dishonest cheatings, it is relatively understandable by the popular that some organic exclusive stores have to sell both organic vegetables and conventional vegetables to maintain the business.
There is always a claim of “No pollution, Zero residue” on organic market by some producers. Even some specialists give endorsement to the “zero residue” concept. Austrian organic businessman Mr. Johannes Huber argued that it is impossible to achieve a zero chemical residue either in term of scientific explanations or in Austrian organic agriculture practice. In a passive stance, the writer explained that the residue value is too low to be detected by measuring instruments, so it is just a Chinese metaphorical expression. As a matter of fact, there is a definite description in term 18.104.22.168 of “China’s Organic Agriculture Certification”: All the residue of substance allowed in organic production or processing should be in accordance with the relevant stipulations and standards. For those prohibited materials, the residue should not be detected. Obviously, it is by no means a responsible slogan of “Zero residue”.
In addition, it is worth taking notice that this year there is an increasing number of exhibitions or fairs under the name of “organic” all over the country. Some of them are really “faked” ones, having no direct relation with real organic concept but just using this name. Disputes and complaints against these fairs have caused negative effects on the whole industry.
Environmental Problems in Organic Farmland
The concept of organic farming originated as early as in 1930s. In 1970s, global concerns over industrial pollution and environment deterioration in developed countries of America, Europe and Japan spurred to launch a worldwide organic farming movement with the aim of environment protection, sustainable economic development and life quality improvement.
However, in recent years, China is confronting an extremely serious environmental crisis. Along with air and water pollution, soil contamination is a direct threat to organic farmlands. The pollution control for agricultural ecosystems & environment is absolutely a pain-taking work in those highly industrialized provinces and the surrounding areas of metropolitan cities.
Situations are even worse in small organic farms, with direct pollution threat from the surrounding farm fields. In a visit to an organic greenhouse, foreign agriculture experts quickly discerned the withered weeds by herbicides in the adjoining cherry farm just several meters away from the greenhouse. National Standard for Organic Products (GB/T 19630-2011, Part one: Production, Section 5.4: buffer strip) clearly stipulated that pollution risk assessment should be conducted to the conventional fields adjacent to organic farmland. In case there is the risk, buffer strip or physical barrier should be installed between the two areas. Products from the strip or barrier cannot be certificated as organic ones. But there are no clear-cut regulations in the clauses concerning the type and width of the buffer strip. To substantially protect the organic farmland from any conventional fertilizer, herbicide or pesticide pollution, rules in more details as well as effective implementation are expected in this regard.
Good at Rule-making but Poor in Executing, Authority Challenged in Certification Process
The new rule of “China’s Organic Agriculture Certification” is no doubt a good move to China’s organic industry. But to fully implement the rule is another story. The system designing should be improved, in addition to supervision strengthening and enterprises’ self-discipline.
Recently, 2 articles launched crusade against the system loopholes in organic product certification: “Chaos Haunting Organic Market, Strict Rules Need Close Supervision”(May.31, 2013,www.cnr.cn) and ” Organic Chaos: Self-proving in Certification Exposes Loopholes Within Management”(June.4,2013, Chinese Enterprises Daily). The 2 articles were respectively reposted by a series of Chinese mainstream websites such as xinhuanet.com, China.com.cn, Huanqiu.com, Sina.com, Hexun.com, cfi.net.cn .21cbh.com,etc. The most prominent problem revealed by the articles is as follows:
Nowadays, the 23 organic certification institutes in China could be classified into 3 categories: subordinates to Ministry of Agriculture such as COFCC, affiliates to science research institutes at universities, and private ones. All the certification institutes live on the certification fees by organic enterprises, which put them into a dilemma as “referees living off sportsmen”. Meanwhile, it is a normal practice of Self-proving in organic food inspection, i.e., organic food producers can present records of production process to prove “no problem” by themselves. Thus, dishonest producers can take advantage of the loophole, apply prohibited pesticides and fertilizers to organic fields.
Although all the certification institutes are under the administration of CNCA, a subordinate body to General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ), most of them are with “unfathomed” background, such as Ministry of Agriculture, Ministry of Environmental Protection, etc. “It is hard to penalize a certification institute with sufficient problems proved, due to the resistance from other government department — the background.” “After finding out the problems in certain organic food enterprise, PR company appears immediately. Then things are left unsettled, which always frustrate the inspectors.” “There must be some problems with the system designing for certification institutes,” An insider told Chinese Enterprises Daily.
No Worry About Capital but Waiting for the Heyday
“Capitals swarm into China’s organic industry. They do make much profit from it but still anticipate more. Since the market are not as ideal as expected, enterprises feel great pressure in operation.” Mr,Zhang Yu, Marketing Director of Jiangxi Jinyuan Agriculture Development Co. Ltd., gives his comments on domestic organic investment and business operation.
In 2008, Jiangxi Jinyuan decided to expand its business into organic industry. It attracted more than a dozen investors’ interest and finally signed the investment agreement with SAIF and DT Capital Partners with a total value of tens of millions USD, accounting for 20% and 10% shares respectively. Unfortunately, due to the change of export policy and company’s group settings, Jinyuan failed in achieving the annual profit of RMB 75 million Yuan and lost 20% shares to the investors as compensation In 2011, Jinyuan successfully obtained financing from IFC, a member of the World Bank Group, and Ping’an Innovation Capital, with a total value of hundreds of millions Yuan. Founder of Jinyuan Mr.Chen Gengsheng told the writer that the 2 successful cases of financing show China’s organic industry has become an investment choice of capitals.
In 2009, Tang Dynasty Group, which operates high-end restaurants in Shanghai, put investment into Shanghai Tech-BIA Agricultural Development Co. Ltd, establishing an organic production base named Tang Dynasty Farm, which supplies organic vegetables, poultry & eggs, b & mutton to the restaurants and the e-commerce business to explore home delivery service. By striding into organic industry, Tang Dynasty Group set up an industrial chain from production, purchasing, storage, logistics to store sales, thus achieved the control over variety, cost, and food safety. This organic project also shares customer base from Tang Dynasty Restaurants. Nevertheless, it still needs some time to make profit for Tech-BIA and its e-commerce platform ” Tang Dynasty Farm”. The company expects to make profit in year 2014-2015.
Happy Valley drums up a funfair.Tourists pose with drummers of a pageant parade in the Happy Valley Theme Park in Sheshan Hill, west of Shanghai. The park kicked off a month-long tourism festival yesterday, featuring a spectacle of more than 100,000 windmills and the performance by kite-flying masters from Hong Kong, Taiwan and the mainland. Cao Zhilong will launch a massive kite in the shape of an octopus into the sky.
A filming crew for the MegaStructures TV series of the National Geographic Channel will document the construction of InterContinental Shimao Shanghai Wonderland, a hotel boasting the lowest altitude in the world.
The MegaStructures series has covered such engineering marvels as the Burj al-Arab Hotel in Dubai, the Petronas Towers in Kuala Lumpur, and the Bird’s Nest in Beijing.
The Shanghai hotel will be built up from the bottom of a deserted quarry pit near the Sheshan Hill, west of downtown. The 19-floor hotel against the cliff of the 87-meter-deep pit will have three floors above the ground for the entrance lobby, a conference center and dining and entertainment venues, fourteen floors for standard rooms, and two floors under water for luxury suites, a dining hall, Spa space and a swimming pool.
The subterranean hotel will have an aquarium filled with rocks, corals and all kinds of fish to entertain guests. It will also have a cliff-edge platform to view an artificial waterfall in the pit.
Other facilities in the area include the Nano Holiday City, which will be the largest children’s theme park in east China, an IMAX theater, and a variety of dining and shopping venues. The Nano Holiday City will open next year.
Promoting the development of Shanghai innovation drive, transformation
On March 5, 2013 enterprise registration work meeting city industrial and commercial bureau. Meeting requirements focus on six aspects work: first, the positive reform, innovation policy, service science and technology innovation and strategic emerging industry development, promoting the development of Shanghai innovation drive, transformation. 2 it is to study and formulate corresponding to the Shanghai modern service industry development of the market access measures to support healthcare services, technology services, cultural creative industry, financial industry development, and activate all kinds of market subjects. Three is to further deepen the reform of the administrative examination and approval system and extend parallel examination and approval departments and the project scope of examination and approval, we will further improve the area county docking platform and municipal platform. Four is support zhangjiang hi-tech zone, lingang industrial park, pudong airport, hongqiao electronic commerce core comprehensive bonded zones, zhabei development key functional areas, such as modern service zone and major projects. Five is to do a good job in commercial registration system reform, the transformation and upgrading of individual industrial and commercial households, the farmers’ professional co-operatives exit mechanism research focus on issues such as work. Six is to strengthen the registrar of team construction, improving the capacity of registrar of business and level.
Business registration number shanghai(number of shanghai business registration).1 to 2 months, the city a total of newly established enterprises 19300, an increase of 12.4%. Among them, the third industry enterprise 17500 households, accounting for 90.5%. Newly established enterprises total registered capital of 65.133 billion yuan, an increase of 35.5%. Look from industry categories, the wholesale and retail new companies in the first place, leasing and business services, manufacturing, the registered capital respectively to lead domestic-funded enterprises and foreign-funded enterprises.
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Xinhuanet Shanghai September 12 announced a new round of Shanghai quality association 11 “foreigners see Shanghai” satisfaction evaluation results, respondents in Shanghai’s overall satisfaction reached 72.53%. More than seventy percent of the foreign, he says, is willing to live and work in Shanghai.
According to “liberation daily” report, “foreigners see Shanghai” satisfaction assessment has been conducted four times in a row.
Compared with the past, the survey involving a total of 28 countries and regions, more than the last nine; In the 412 people surveyed, sixty percent came from America, Britain, France, Germany, Japan, Canada, Italy and other developed countries, in all previous.
While on the subject design, the survey than ever raised the evaluation criteria, but many foreigners still “satisfied” of Shanghai; 73.9% of the respondents think that the overall level of Shanghai and international first-class city gap is not large, made it clear that is willing to live and work in Shanghai.
Survey shows that 61.1% of foreigners think that Shanghai is developing rapidly, especially the development of service industry in Shanghai and has a relatively strong sense of identity. Nearly forty percent of respondents said that can fully feel the Shanghai traffic industry development and optimization; Nearly thirty percent of foreigners think that Shanghai got clear specification and improving the education and training industry.
Survey showed that eighty percent of foreigners like Shanghai food culture very much, think of the traditional food in Shanghai is special and delicious, and the quality is reliable. Shanghai residents dress is elegant, warmhearted has such traits as “laowai” is very appreciate. Convenient accommodation, product variety is complete, rich entertainment city features, such as more foreigners who come to Shanghai first.
Many foreigners in the satisfaction survey also mentioned shortcomings, in Shanghai, says that although in Shanghai urban infrastructure development is rapid, but the air quality, urban greening, public facilities such as level compared with the developed countries is still the weak link, hoping to perfect the improvement as soon as possible. Foreigners think, develop good health habits, manners, observe public order is the priority of Shanghai citizens to improve the quality.