Shanghai Business Setup-The Economic Background
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Shanghai Business Setup is also called Shanghai company formation, Shanghai company registration, Shanghai corporate setup, Shanghai company setup, Shanghai company incorporation, Shanghai business establishment and Shanghai business registration. The economic background of Shanghai is as following:
Shanghai is the commercial and financial center of mainland China, and ranks twentieth in the 2014 edition of the Global Financial Centres Index published by the City of London. It was the largest and most prosperous city in the Far East during the 1930s, and rapid re-development began in 1990s.This is exemplified by the Pudong District, which became a pilot area for integrated economic reforms.
By the end of 2009, there were 787 financial institutions, of which 170 were foreign-invested. In 2009, the Shanghai Stock Exchange ranked third among worldwide stock exchanges in terms of trading volume and sixth in terms of the total capitalization of listed companies, and the trading volume of six key commodities including rubber, copper and zinc on the Shanghai Futures Exchange all ranked first in the world.
In September 2013, with the backing of Chinese Premier Li Keqiang the city launched the China (Shanghai) Pilot Free-Trade Zone-the first free-trade zone in mainland China. The Zone introduced a number of pilot reforms designed to create a preferential environment for foreign investment.
In April 2014, The Banker reported that Shanghai "has attracted the highest volumes of financial sector foreign direct investment in the Asia-Pacific region in the 12 months to the end of January 2014".
In August 2014, Shanghai was named FDi magazine's Chinese Province of the Future 2014/15 due to "particularly impressive performances in the Business Friendliness and Connectivity categories, as well as placing second in the Economic Potential and Human Capital and Lifestyle categories".
Shanghai Business Setup-Contact Us
If you have further queries about Shanghai business setup, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-21-68877368, or emailing to firstname.lastname@example.org
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