China-Israel industrial park opens in Liangjiang

The China-Israel (Chongqing Liangjiang) Industrial Park officially opened in Chongqing's Liangjiang New Area on Jan 4.

A total of 11 Israeli projects were signed at the park's opening ceremony, representing the first set of enterprises to set up operations there.

Israeli chemist and Nobel Prize winner Arieh Warshel reached an agreement with the Chongqing Institute of Green and Intelligent Technology of the Chinese Academy of Sciences to establish a Nobel Prize workstation named after him in the Liangjiang New Area. The workstation will carry out cooperation in fields such as structural biology and high-throughput biological information.

Born in Israel, Arieh Warshel has worked in laboratories at both Harvard and Cambridge universities. He was mainly engaged in research on molecular biology. In 2013, he won the Nobel Prize in Chemistry for designing multi-scale models for complex chemical systems.

In August 2018, the management committee of Liangjiang New Area, Zhongguancun Medical Engineering and Transformation Platform (Chongqing) and Israel's ShaySapir Investment Management Co signed a cooperation agreement in Israel.

Representatives attend the opening ceremony of the China-Israel (Chongqing Liangjiang) Industrial Park in Liangjiang. [Photo/liangjiang.gov.cn]

They decided to work together to build the China-Israel Industrial Park and bring Israel's high-quality medical resources and advanced medical technology to China.

The parties also agreed to establish a China-Israel bio-pharmaceutical investment fund of 2 billion yuan ($295 million) to help improve Chongqing's medical industrial chain and build a medical innovation system.

According to the cooperation agreement, up to 50 projects or enterprises will be introduced to the park every year. Meanwhile, two China-Israel innovation competitions will be held every year in Chongqing.

Relying on Chongqing's industrial strength and advantageous location, the industrial park will focus on the development of the health industry, high-end technology such as artificial intelligence, new materials, new energy and communication systems, and try to attract investment from innovative and technologically advanced enterprises from Israel.

The new park aims to become a leading international high-tech and environmentally friendly park, as well as a gathering place for high-tech domestic and foreign enterprises in western China.

In addition, 19 domestic health industry projects will be signed with the Zhongguancun Medical Engineering and Transformation Platform (Chongqing). Nine of the projects involve the smart medical and digital medical industries, delving into new fields such as precision medicine and health management.

Chongqing Liangjiang New Area construct the “1+3” high-end equipment industry cluster

Liangjiang New Area will construct the “1+3” high-end equipment industry cluster. It aims to build China's largest industry base of shale gas equipment by developing the entire industry chain covering shale gas prospection, exploitation, operation and professional materials, with the focus on achieving breakthroughs in analysis equipment, fracturing trucks, drilling platforms, special drilling rigs for surface and drillable bridge plugs.

It will promote marine generator sets-based wind power outfit and core components, and propel the research and production of gas power sets, stimulating key equipment manufacturing. It will build western China's largest industry base of rail transportation equipment, with the focus on manufacturing monorail trains, metro vehicles, rapid urban rail vehicles and other promising equipment, thus achieving production localization of electrical traction systems, signaling systems, bogies, braking systems, door systems and other key components.

It will also develop intelligent manufacturing equipment, especially the complete sets of numerical control machines, smart instrumentation, industrial robots, and smart grids, while developing environmentally-friendly equipment with the focus on the manufacturing of complete sets for urban sewage and high-concentration industrial organic wastewater treatment, as well as for atmospheric pollution and urban waste and sludge treatment. During the 12th Five-Year Plan period, a total of 60 billion yuan has been invested in this industry, and the high-end equipment industry cluster is expected to achieve an output value of 80 billion yuan, which accounts for nearly 1/5 of the city's total output.

Chongqing Liangjiang New Area Develop Pharmaceutical and Medical Device Industry Clusters

Liangjiang New Area will aim to further develop pharmaceutical and medical device industry clusters and to build China's major production base of generic drugs whose patent has expired or is about to expire.

It will speed up projects related to digestion, metabolism, cardiovascular system and other fields with great potential in the near future as well as antineoplastic drugs, immunomodulators and other areas with great potential in the long term. It will consolidate chemical API advantages, promote R&D and industrialization of innovative chemical drugs, further R&D of generic drugs and scale up production levels.

It will build western China's largest medical device industry base, and strengthen the dominance of conventional medical equipment and disposable, aseptic medical devices - while focusing on promoting high-end medical equipment, home medical equipment, digital medical product development and manufacturing.

It will also accelerate biopharmaceuticals research and development, and bring in incubators that help convert patents into a productive force to co-construct a technology platform for chemical synthesis, cell culture, extraction and purification, drug screening, safety evaluation, scale-up experiments and so on. 

During the 12th Five-year Plan period, the overall investment in the industry has reached 20 billion yuan, and the pharmaceutical and medical device industry cluster has achieved an output value of 30 billion yuan, accounting for 1/3 of the city's total.

Chongqing Liangjiang New Area Industries layout

Liangjiang New Area focuses on the modern service industry in its southern part, comprehensive urban functions in its central and western parts and on the development of the advanced manufacturing industry in its northeastern part, so as to promote the gradual formation of an overall strategic spatial pattern - "one center and four belts" - concerning the financial business center, the high-tech industrial belt, the urban functional industrial belt, the logistics processing industrial belt, and the advanced manufacturing industrial belt.

"One Center":

The financial business center will serve as a major carrier to strengthen the modern service sector in China's inland areas, a top-ranking headquarters industry base in Western China and the Research & Development (R & D), innovation and financial center in the upper reaches of the Yangtze River.

"Four Belts":

The urban functional industrial belt is set to be developed into a harmonious and livable city as well as a modern urban new area.

The high-tech industrial belt focuses on five major industries - new materials, biopharmaceuticals, electronic information, instrument and meters, and R&D and design.

The logistics processing industrial belt will aim to improve functions for bonded logistics, export processing as well as port and airport functions, and prioritize the industries of electronic information, warehouse and logistics, and bonded processing, so as to become the largest industry base in China engaged in bonded logistics and export processing.

The advanced manufacturing industrial belt will focus on five main industries, including automobile, high-end equipment, new materials, energy-saving and environment protection, as well as new-generation information products – with the aim of building an important industrial base.

"333" major industry system

Regarding industrial development, Liangjiang New Area emphasizes the building of a "333" industrial system, i.e. three internationally influential large-scale industries - automobile, electronic information and cloud computing; three domestically influential growing industries - general aviation, high-end equipment and biopharmaceuticals; and three regionally influential service industries - modern logistics, modern financing and culture.

Five industry clusters

Liangjiang New Area focuses on establishing five industry clusters: automobile, electronic information, general aviation, high-end equipment and biopharmaceuticals.

Automobile industry: Annual production of 3 million engines, and 3 million vehicles, including 400,000 limousines and 50,000 to 100,000 new energy vehicles, with a total output value of about 300 billion yuan.

Electronic information industry: Annual production of 40 million laptops as well as large quantities of communication-related terminals, with a total output value of 250 billion yuan.

Rail transportation industry: Annual production of 500 rail vehicles, and the comprehensive capability of Level-3 to Level-5 servicing, assembling and commissioning for 100 China Railway high-speed trains, with a total output value of 20 billion yuan.

Aviation industry: Annual production of 100 lightweight general aircraft (including civilian-use helicopters), with a total output value of 10 billion yuan.

High-end equipment industry: Total output value of 20 billion yuan.

Energy-saving and environmental protection industry: Total output value of 10 billion yuan.

New energy and new light source industry: Total output value of 30 billion yuan.

Biopharmaceuticals industry: Total output value of 20 billion yuan.

Chongqing Liangjiang New Area to accelerate the modern service industry

Finance is the industry with the fastest growth in Liangjiang New Area

Since its establishment, Liangjiang New Area has promoted all tasks and services relating to the building of Jiangbeizui CBD and the introduction of various financial institutions. At present, Jiangbeizui core financial area has an embryonic form, with many financial institutions - including Huaxia Bank, PICC Life Insurance and China Development Bank – opening branches and representative offices in Liangjiang. In addition, many Fortune 500 companies, central government-owned companies and industry leaders - such as Banque Populaire, Alibaba Group and Suning Group – are also represented in Liangjiang.

Exhibitions: The Liangjiang New Area has welcomed over 1 million exhibition visitors

The National Pharmaceutical & Machinery and China International Pharmaceutical & Machinery Expo was held in Chongqing International Expo Center of Yuelai Convention & Exhibition City in Liangjiang New Area from October 26 - 29, 2013. This was the first national exhibition in Chongqing International Expo Center and the first national exhibition covering over 100,000 square meters to be held in Chongqing. The success of this exhibition has helped to establish a professional image for Yuelai Convention & Exhibition City and increase the recognition and reputation of Chongqing's exhibitions.

There are a total of 16 pavilions in the southern and northern regions of Yuelai International Expo Center, where 12 large-scale exhibitions - including China Chongqing International Investment and Global Souring Fair and Chongqing International Auto Industry Fair - were held, with a total exhibition area of 543,000 square meters and a record of over 1,400,000 visitor arrivals.

Logistics: Guoyuan Inland Port, the largest logistics port in China's inland areas

The 12 docks in Guoyuan Inland Port Phase 2 and its Expansion Project started operation in November 2013. Before these 12 docks, Guoyuan Inland Port Phase 1, Phase 2 and Expansion Project registered a cargo capacity of 30 million tons. By 2014, when Guoyuan Inland Port will be connected with the Chongqing-Xinjiang-Europe railway, mass freight will also be transported to Europe via Guoyuan Port.

In addition, Liangjiang New Area is building a logistics platform integrating water port (including Guoyuan Inland Port and Cuntan Inland Port), land port and air port, to radiate domestic and overseas regions, with the aim of becoming an inland open center. The logistics park in Longxing Park of Liangjiang New Area, with a US$80 million investment from Vailog - the largest logistics and warehouse facilities provider in Italy - has been launched. Since the opening of Chongqing Bonded Commodity Display and Trading Center located in the Bonded Port Area, more than 2,000 imported commodities, including red wine, food, cosmetics, household items and limousines, have become popular with residents of Chongqing.

Trade: The chief support of the service industry in Liangjiang New Area.

Thanks to the establishment of multi-level distribution systems, the development of specialized markets and the introduction of a large number of leading enterprises in recent years, the traditional trade industry experienced rapid expansion and has become the chief support of the service industry in Liangjiang New Area - and this industry has entered into the maturation stage with a moderate growth rate.

Chongqing Liangjiang New Area To become China’s largest general aviation industrial park

Liangjiang New Area will build China's largest general aviation industrial park. It will vigorously develop aircraft manufacturing, and set up a manufacturing system for small helicopters, light helicopters, ultra-light aircraft, fixed-wing aircraft, and business jets, and it will target national strategic projects, and aim to bring Russia's large aircraft manufacturing projects.

It will speed up the formation of production capacity for important spare parts, focusing on the development of general aviation engines, general aircraft airborne equipment, aircraft main and auxiliary gear box, flight control systems, composite rotor blades and other core components. It will develop core support equipment, especially general aviation flight monitoring and management equipment, flight service system devices, air-land command and dispatching equipment for general aviation.

In addition, the Liangjiang New Area will expand aviation operations, service supports, training schools and other downstream industry chains. During the 12th Five-Year Plan period, a total of 15 billion yuan has been invested in this industry, and the general aviation industry and related industry clusters are expected to achieve an output value of 20 billion yuan.

Chongqing Liangjiang New Area aims to develop into China's largest motor city

Liangjiang New Area aims to develop into China's largest motor city with the most brands and the most comprehensive systems. It will rapidly cluster automobile manufacturing enterprises to form a vehicle production structure which consists of seven domestic brands, including Chang'an and SAIC Motor, and 3 foreign-funded brands, including Ford, covering three major segments: "mini car, passenger car and commercial vehicle". It will accelerate the development of green cars, and take the lead in promoting industrialization, and will focus on improving industrial chains, and aim to develop core components such as engines, transmissions and electronic control systems.



The Liangjiang New Area will also speed up the upgrading of industrial structures, grasp market trends, and expand second-tier and third-tier domestic markets and the emerging overseas market with the focus on mini cars and middle-class and deluxe passenger cars. In addition, it should aim to enhance its perspective thinking by grasping future needs - in 5 to 10 years - and realize the transformation to mid-range commercial vehicle, MPV and small SUV, thus laying a solid foundation for the upgrading of the entire automobile industry. During the 12th Five-Year Plan Period (2011-2015), this industry has attracted a total investment of 150 billion yuan, achieving an annual production of 2.8 million vehicles, with an output value of 300 billion yuan which accounts for more than 60% of the city's total output.

Chongqing Liangjiang New Area To accelerate a new-generation electronic information industry cluster

Liangjiang New Area will accelerate the development of a new-generation electronic information industry cluster to build the largest laptop base in Asia and the largest base of intelligent appliances in western China.

It plans to strengthen its intelligent terminal industry chain, promote laptops, tablet PCs and other thin, portable and low-power intelligent terminals towards large-scale production, and accelerate the localization of storage, printed circuit boards and other core laptop components. It will strive to develop smart TV, intelligent household systems, networked refrigerators and other intelligent, networked and digital appliances, and actively push forward the terminal communication equipment.

The Liangjiang New Area will also expand the LED industry chain, and promote the manufacturing and packaging of substrates, epitaxial wafers and chips, as well as manufacturing of related application products. It plans to cultivate the industry chain for new semiconductor display devices by concentrating on promoting the R&D and manufacturing of liquid crystal display (LCD), touch screen, electronic paper display, 3D display and other products, and form the matching upstream and downstream chains covering critical materials, driver IC, backlight, module and inspection services.

The Liangjiang New Area will also build a lithium battery industry chain, develop lithium-ion battery cathode/anode and other core functional materials and expand the R&D and manufacturing of electrolyte, diaphragms and other products, to form a chain for the entire industry. During the 12th Five-Year Plan period, the total investment in this industry has reached 120 billion yuan, resulting in an annual production of 30 million sets of intelligent terminals, and the electronic information industry cluster has achieved an output value of 250 billion yuan, accounting for up to 1/4 of the city's total output.

Brief Introduction To Chongqing Jiulongpo District, Business Incorporation Register Company In Chongqing China

Shiqiaopu, Jiulongpo District, Chongqing (Photo from Jiulongpo District)

By Yuling Chen, EDITOR

Jiulongpo District is located at the core area of Chongqing, covering an area of 432 km2 and containing 1.2 million permanent residents. Zhongliang Mountains separate it into east and west parts. The east part (88 km2) has already been urbanized completely, while the west part (344 km2) has great potential in urbanization.

Industrial Base

Industry:

The traditional pillar industries of Jiulongpo District, such as automobile manufacturing and motorcycle manufacturing, have a strong foundation. Its total industrial output value was always in leading status in Chongqing. Jiulongpo District owns 423 large-scale industrial enterprises and 214 industrial enterprises with assets above RMB 100 million.

Modern Service Industry:

Jiulongpo District has two famous commercial centers (i.e., Yangjiaping and Shiqiaopu), 34 high-standard modern office towers, 11 national A-class scenic spots, 13 star-rated hotels (4 five-star), 3,151 cultural and creative enterprises, more than 60,000 commercial outlets and a total market entity of 172,000 households. In 2017, the added value of service industry of Jiulongpo District was RMB 62.39 billion, accounting for 55.2% of its GDP. Its total sales of wholesale and retail trade were RMB 356.86 billion. The turnover of accommodation and catering industry was RMB 11.4 billion, and the total retail sales of social consumer goods was RMB 61.81 billion.

Development platform

Jiulongpo District is a large industrial district in Chongqing. It has many large-scale development platforms, which provides a good development environment for industrial development in the district.

Chongqing High-tech Industrial Development Zone:

Part of Chongqing High-tech Industrial Development Zone (Jiulongpo)

Chongqing High-tech Industrial Development Zone was established in March 1991 with the approval of the State Council. It is the third independent innovation demonstration zone in western China and the seventeenth national autonomous innovation demonstration zone approved by the State Council. Part of this zone (4.75 km2) is included in the scope of Chongqing FTZ. The planned area of this zone is 74.3 km2. It mainly develops new generation information technology, artificial intelligence, biomedicine, new materials, new energy, high-end equipment manufacturing and modern service industry.

Jiulong Industrial Park:

Chongqing Jiulong Industrial Park (Photo from the official website of Jiulong Industrial Park)

Jiulong Industrial Park is a Chongqing characteristic industrial park approved by Chongqing municipal government, and is the first batch of new industrialization demonstration base and remanufacturing base in China. The planned area of the park is 32.67 km2. The park focuses on the development of automobile and motorcycle manufacturing, high-end equipment manufacturing, electronic information, artificial intelligence and other industries. At present, the park can provide more than 1500 mu of mature industrial land, 180,000 square meters of standard plants and buildings.

Xipeng Industrial Park:

Part of Chongqing Xipeng Industrial Park (Photo from People’s Daily)

Xipeng Industrial Park is a national economic and technological development zone with a total planned area of 65 km2. The park focuses on the development of new materials, high-end equipment manufacturing, new energy vehicles, precision molds and other industries. At present, the park can provide more than 2,000 mu of mature industrial land, 50,000 square meters of standard plants and buildings.

Resource Strength

Transportation & Logistics

In 2017, Jiulongpo District invested more than RMB 9 billion in major transportation infrastructure construction and has more than 2,000 transportation and logistics service enterprises. As it is close to Chongqing Railway Container Center Station, it takes only 13 days to deliver goods from Chongqing to Europe through China-Europe Railway Express (Chongqing). It owns an existing large container port (Jiulong Port) and an under-construction port (Huanglian Port), which can support 10,000-ton fleet and 5,000-ton single vessel. Jiulongpo District has 1,815 logistics enterprises such as road transportation, warehousing and express delivery. It also owns the largest cold chain logistics trading center in southwest China, with a transaction value of RMB 10 billion.

Ecology Suitable for Living

Jiulongpo District has a natural ecosystem of “one river, two mountains and four rivers”, with a forest coverage of 40%. In 2017, the air quality was good for 293 days, and the quality of centralized drinking water sources reached 100%. It’s planning to build 356 urban or rural parks, forming the system of “National Forest Park – Sponge Wetland Park – Municipal Country Park -Characteristic Theme Park”. It’s promoting four major projects, namely, pollution cleaning, water cleaning, tidying up, and refreshing.

Tourism Culture

Jiulongpo District is an excellent tourist place in China. It attracts more than 30 million people annually and receives annual income more than RMB 10 billion. It was awarded “China’s Most Valuable Tourism Zone for Investment”, “National Leisure Agriculture and Rural Tourism Demonstration Zone” and “China’s Top 10 Urban and Rural Tourism Destinations”. It owns 11 national A-class scenic spots, 3,151 cultural and creative enterprises, and more than 5,000 talents in culture, art and creative design.

Investment Factors

Land: There are 2,340.67 hectares of land available for construction; about 2,000 mu of land available for development in the eastern Jiulong Peninsula; and 102 km2 of land available for urban in the western part.

Finance: 124 existing financial institutions; 6 listed companies and 22 new third board companies; total RMB deposit and loan balance amounts to RMB 377.23 billion with an increase of 13%. The pilot project of knowledge value credit loan reform has assisted 142 enterprises in Chongqing High tech Zone obtaining loans of RMB 263 million. There was science and technology innovation vouchers (called Yu-Xin vouchers) of RMB 154 million issued.

Talents: There is a consulting group consist of 39 international and domestic experts led by 5 Yangtze River Academicians. Additionally, there are 23 academician/postdoctoral workstations with more than 80 high-level talents.

Elements of innovation and entrepreneurship: Jiulongpo District has 4 state-level incubators of science and technology enterprises, 6 municipal incubators, 19 municipal science and technology innovation space, 1 state-level key laboratory, 447 high-tech enterprises and 1,962 invention patents within the validity period.

Source: Chongqing Association of Enterprises with Foreign Investment 

To facilitate people who want to invest and set up business in Chongqing,  here is an introduction of Types of business presence in China: 

Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.

Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires no registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE.

Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.

Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.

Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises (FIPE) in China istaking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and rest cities of China

Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China.

After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China. At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China.

Business set-up in Chongqing is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls . Tommy China Business Consulting has direct connections in the local government

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Chongqing China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business, negotiate and draft various legal documents provide legal advice, negotiate government officer for Land acquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Chongqing China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Chongqing  China. We offer a range of company formation services including helping you to set up:

-Wholly Foreign Owned Enterprises (WFOE )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

  

Contact Tom Lee for company registration in Chongqing now

Congrats! SinoSwiss Technopark Opens in Chongqing Liangjiang New Area

The SSTP Opening Ceremony and 2018 Sino-Swiss Business Incubation Competition Ceremony took place in Chongqing Liangjiang New Area on December 14, 2018. (Photo by Li Qian)

By Yuling Chen, iChongqing

Chongqing Liangjiang New Area has made a breakthrough in international cooperation. What is it? SinoSwiss Technopark (SSTP) offers the answer.

The SSTP Opening Ceremony and 2018 Sino-Swiss Business Incubation Competition Ceremony took place in Chongqing Liangjiang New Area on December 14, 2018. The opening ceremony means the operation of the first phase project worth RMB 1 billion after three years construction.

The park is planned to cover an area of 276 Mu (184,000 m2) with a total building area of 550,000 m2, the first phase project about 190,000 m2. SSTP construction started in December 2015, and it is designed to build into a modern industrial park combing working, research and development, operation, exhibition, and other functions.

Chinese and foreign distinguished guest participated in the opening ceremony of SSTP.

This event brought distinguished guests from China, Switzerland, and other countries together. They are Duan Chenggang, Member of the Standing Committee of the Chongqing CPC Municipal Committee, Secretary of the Liangjiang New Area Party Work Committee and Director of the Liangjiang New Area Administrative Committee, Tang Zongwei, Deputy Secretary of the Liangjiang New Area Party Work Committee and Vice Director of the Liangjiang New Area Administrative Committee, Thomas Wagner, Honorary President of the Swiss-Chinese Association and former Mayor of Zurich, Frank Eggman, Consul General of Swiss Consulate in Chengdu, Paul Sives, President of EUCCC Southwest Chapter, and representatives from Chongqing Science and Technology Bureau, Chongqing Municipal Economic & Information Commission, Foreign Affairs Office of Chongqing Municipal People’s Government and relevant enterprises.

Foreign guests addressing here expressed their pleasure to be part of the event and gave their best wishes to SSTP. Mr. Thomas Wagner shared his personal relationship with Chongqing, the sister city of Zurich, and reflected China-Switzerland bilateral relations. He also praised the platform of SSTP and mentioned that cooperation between China and Switzerland has a bright future. Mr. Frank Eggman regarded SSTP as mind-blowing and inspiring, and he said to work together for higher levels here.

More than 30 enterprises are in SSTP.

In terms of projects, SSTP has established a relationship with more than 200 medium and small-sized enterprises with advanced and leading technologies in Switzerland and beyond. At the same time, an institute for cutting-edge technology, co-founded by top research institutes and universities in China, Switzerland, and France, has been launched. As of now, more than 30 enterprises have operated here.

Moreover, 11 Swiss startups and SMEs took part in the 2018 Sino-Swiss Business Incubation Competition Award Ceremony.

SSTP focuses on six areas, namely aerospace, rail transit, software development, automobile, healthcare as well as energy conservation, environmental protection, and green energy. It aims to realize the incubation and gathering of enterprises capable of researching, developing and applying new technologies, processes, and materials, so as to form an industrial chain integrating R&D, manufacturing and selling.

Chongqing Liangjiang New Area creates a favorable business environment.

A source from the Liangjiang New Area said that the opening of SSTP as an important platform from international cooperation is to further open the Liangjiang New Area and Chongqing to the rest of the world.

In order to boost SSTP development, the park operator has established operating and service system for financing, investment, market matchmaking, intellectual property and etc. “All services can be applied via SSTP APP, which will provide a favorable soft environment for businesses operating here,” said an official from the park.

In addition, the Liangjiang New Area has been proactively promoting the international industrial cooperation parks with Germany, South Korea, and Japan.

It enhances international cooperation in research and development, production and operation, services and the Internet, trade, and logistics, capital flow and talent services.

About SinoSwiss Technopark

SinoSwiss Technopark is located in the Liangjiang New Area, Chongqing, China. As one of the key international business parks in the Liangjiang New Area, SinoSwiss Technopark is supported and guided by the Chongqing Municipal People’s Government and Liangjiang New Area Administrative Committee. The RMB 2 billion, 190,000 m2 green low-rise and town-house styled park provides a state of the art range of diversified business, research and development spaces for Swiss and global companies, especially high-tech SMEs. It is also set to become a major center for the local incubation of joint ventures with the potential to see massive growth in the Chinese market.

Brief Introduction To Chongqing Economic and Technological Development Zone,Corporate Formation Start Up Business In Chongqing Economic and Technological Development Zone

Chongqing Economic and Technological Development Zone (CQETDZ) has 5 divisions: information industry zone, Dangui industrial zone, Huilong industrial zone, comprehensive trading block, and Nanhu and Luochangwan residential areas.    

Geological Location

Covering an area of 9.6 square kilometers, the south park of CQETDZ is located in Nanping, Chongqing. With the Yangtze River to its west, it is accessible by Chengdu-Chongqing Expressway and Egongyan Bridge. To its east is Nanshan resort and Chongqing-Guizhou Expressway that leads to seaports in Southwest China.

Communication and Transpiration

Adjacent to Chongqing Yangtze River Bridge in the north, the park is connected with downtown Chongqing and is 3 kilometers from Chongqing railway station, 5 kilometers from Chongqing Passenger Wharf, and 28 kilometers from Chongqing Airport. No. 210, 212 and 319 National Highways , Chongqing City Ring consisting of four highways and Light Rail No. 3 all run across the park.

Industrial Structure

Six pillar industries have come into shape in the zone, namely, information electronics, bio-pharmaceuticals, automobiles and motorcycles, refined chemicals and new materials, green foods, and garments industry.

Investment Priorities

CQETDZ encourages investment in new and high-tech industries like information electronics bioengineering, environmental engineering, new materials and integrated optic-electric-mechanical products. Foreign investment will be actively directed to financial services, warehousing and renting, tourism, legal, accounting and auditing services.

Administration Committee

Tel: 86-23-62982932

Fax: 86-23-62982636

Email: jkqbg@cqetdz.gov.cn

Website: www.cetz.com

(Source: Ministry of Commerce)

Click here for Chongqing Business Setup Foreign Investment Environment 

To facilitate people who want to invest and set up business in Chongqing Economic and Technological Development Zone,  here is an introduction of Types of business presence in China: 

Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.

Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires no registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE.

Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.

Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.

Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises (FIPE) in China istaking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and rest cities of China

Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China.

After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China. At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China.

Business set-up in Chongqing is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls . Tommy China Business Consulting has direct connections in the local government

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Chongqing China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business, negotiate and draft various legal documents provide legal advice, negotiate government officer for Land acquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Chongqing China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Chongqing  China. We offer a range of company formation services including helping you to set up:

-Wholly Foreign Owned Enterprises (WFOE )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

  

Contact Tom Lee for company registration in Chongqing Economic and Technological Development Zone now