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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



Banking

(A)

Central Bank

 

 

People's Bank of China

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

(B)

Commercial Banks

Top 10 Chinese Banks: World ranking, Tier One Capital and Assets. (July 2009)

World Ranking


Bank Name


T.1 Capital 
(USD million)

Assets
(USD million)

8 Industrial & Commercial Bank of China 74,701 1,427,685
11 Bank of China 64,961 1,017,718
12 China Construction Bank Corporation 6,3110 1,105,471
24 Agriculture Bank of China 3,9998 1,026,300
49 Bank of Communications 1,9336 391,867
67 China CITIC Bank 1,3467 173,798
87 China Merchants Bank 1,0457 229,976
107 China Min-sheng Banking Corporation 7,507 154,267
117 Industrial Bank 6,777 149,372
137 Shanghai Pu-dong Development Bank 5,537 191,588


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.

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