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Business in China

China covers 9,571,300 sq. km, sharing frontiers with Vietnam, Pakistan, India, Afghanistan, Tajikistan, Kazakhstan, Kyrgyzstan, Russia, Mongolia, North Korea, Nepal, Bhutan, Myanmar and Laos.

Reforms:

The "Open Door" policy was first introduced by Mr. DENG Xia-Ping (China Chairman) in 1978, where several numbers economic Trade Zones have been established, namely Shen Zhen, Zhu Hai, Shan Tou, Xia Men and Hai Nan.

Joint-venture business with foreign investors as well as OEM, ODM, SKD and CKD are highly encouraged in return for special tax incentives together with attractive terms and conditions.

Language:


Pu Tong Hua (Mandarin) is the national language for communication and is also recognized as one of the international languages by the United Nations.



The following information will help to establish joint-venture business or any other business transaction with China.

Administrative Regions in China

Population and Nationalities of People

Banking

Additional Information




Administrative Regions in China




(a) 4 Municipalities (above map (a1) to (a4))
(1) Beijing (2) Tian Jin (3) Shang Hai (4) Chong Qing

(b) 5 Autonomous Regions (above map (b1 to (b5))
(1) Guang Xi (2) Tibet (3) Xin Jiang (4) Ning Xia (5) Nei Mong Gol

(c) 22 Provinces (above map (1) to (22))

(1) Hai Nan (2) Guang Dong (3) Fu Jian (4) Zhe Jiang
(5) Jiang Xi (6) Hu Nan (7) Gui Zhou (8) Yun Nan
(9) Jiang Su (10) An Hui (11) Hu Bei (12) Si Chun
(13) Shan Dong (14) He Nan (15) Shan Xi (16) Gan Su
(17) Qing Hai (18) Hei Long Jiang (19) Ji Lin (20) Liao Ning
(21) He Bei

(22) Shan Xi







Population and Nationalities of People

Population: 1.3 billion people


Nationalities: 56 different nationalities within the area, with 92% of Han Chinese.
(1) Han (2) Mong Gou (3) Hui (4) Zang
(5) Wei Wu Er (6) Miao (7) Yi (8) Zhuang
(9) Bu Yi (10) Chao Xian (11) Man (12) Dong
(13) Yao (14) Bai (15) Tu Jian (16) Ha Ni
(17) Ha Sa Ke (18) Dai (19) Li (20) Li Su
(21) Wa (22) She (23) Gao Shan (24) La Hu
(25) Shui (26) Dong Xiang (27) Na Xi (28) Jing Po
(29) Ke Er Ke Zi (30) Tu (31) Da Wo Er (32) Mu Lao
(33) Qiang (34) Bu Lang (35) Sa La (36) Mao Nan
(37) Ge Lao (38) Xi Bo (39) A Chang (40) Pu Mi
(41) Ta Ji Ke (42) Nu (43) Wu Zi Bie Ke (44) E Luo Si
(45) W Wen Ke (46) De Ang (47) Bao An (48) Yu Gu
(49) Jing (50) Ta Ta Er (51) Du Long (52) E Lun Xhun
(53) He Zhe (54) Men Ba (55) Luo Ba (56) Ji Nuo



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Banking

(A) Central Bank

People's Bank of China

Address: 32 Cheng Fang Lu, Xicheng Qu, Beijing.

(B) Commercial Banks

Top 11 Chinese Banks: World ranking, Tier One Capital and Assets. (July 2008)

World Ranking Bank Name T.1 Capital (USD million) Assets (USD million)

8

Industrial & Commercial Bank of China 66,271 1,188,800

10

Bank of China 56,210 820,198

13

China Construction Bank Corporation 52,300 903,291

54

Bank of Communications 16,451 288,920

71

Agriculture Bank of China 12,133 828,263

99

China Merchants Bank 8,655 179,415

131

China Min-sheng Banking Corporation 5,850 125,920

138

China CITIC Bank 5,344 138,438

147

Industrial Bank 5,069 116,548

176

Shanghai Pu-dong Development Bank 3,781 125,261

178

Bank of Beijing 3,711 48,493

(C) Foreign Banks

In 1998 - more than 51 foreign banks have been set up in China.



Additional Information

Visa

1) Visa can be obtained from Chinese Embassies or Consulates in most countries.

2)
From Hong Kong Visa Office of the Ministry of Foreign Affairs of PRC.

Address:
5th floor, Lower Block, 26 Harbour Rd., China Resources Building, Wanchai. Hong Kong.

Opening hours:
Monday to Friday (from 9:00am to 12:30pm and from 2:00pm to 5:00pm). Saturday (from 9am to 12:30pm).

3)
From any branches of China Travel Service in Hong Kong. (CTS)

Address:
a) 2nd Floor, China Travel Building, 77 Queen's Rd. Central, Hong Kong.
b) 1st Floor, Alpha House, 27-33 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong.
c) Ground Floor, Southern Centre, 138 Hennessy Rd., Wanchai, Hong Kong.
d) CTS Enquiry: Tel: 28533715

Accommodation

Book through Chinese Travel Service in Hong Kong to obtain a better hotel rate.


Transportation

Tickets for trains, air-planes, hovercrafts and other transport to China - contact Chinese Travel Service in Hong Kong.

Currency

Yuan is the currency, divided into 100 fen. Exchange rate stands at a level between 8 and 9 Yuan to one US Dollar.
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