WAY THROUGH RED TAPE INTO CHINA

Written on the 25 October 2011

WAY THROUGH RED TAPE INTO CHINA

MORE large international companies are opening overseas offices in Hong Kong than Singapore or Japan, according to property group CB Richard Ellis (CBRE).

The CBRE Business Footprints study of 280 companies shows 68.2 per cent of them are represented in HK, 67.5 per cent in Singapore, 63.9 per cent in Tokyo with 61.4 per cent based in Shanghai.

Invest Hong Kong head of Australia and New Zealand Cameron Boardman (pictured) says companies go there because it offers a more risk-free, certain and beneficial way of doing business with mainland China.

“HK is an English-speaking, a common law and low tax jurisdiction. The bridge between HK and mainland China allows companies to take advantage of HK’s legal and economic systems to transform their businesses and enter the mainland,” he says.

Boardman says mainland Chinese companies and individuals also use HK as a gateway to invest in a more secure and lower tax environment before going global.

“There are no currency or capital or information controls in HK. You can choose between Chinese or English and the common law framework gives companies absolute certainty that contracts will be enforceable by the law,” he says.

“It’s also one of HK’s strong views that it has a zero tolerance towards corruption. It also allows companies to operate with minimum regulatory interference.”

Regulatory requirements for entering the Chinese market can seem daunting for a growing enterprise, but Hong Kong is a popular starting point. Read the entire trade features section by getting your copy of Gold Coast Business News' October issue – out now in more than 500 Queensland newsagencies.


Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter