On January 6, the unveiling ceremony of RCEP Guangzhou cross border financial innovation center and the salon of helping enterprises “go global” – RCEP special event was held in Guangzhou. At the event, RCEP Guangzhou cross border financial innovation center was officially unveiled, China Construction Bank Corporation(601939) launched China’s first enterprise assistance RCEP financial product service package, and Guangzhou Municipal Bureau of Commerce issued “serving Guangzhou Enterprises” going global “- RCEP country (regional) Investment Manual. One belt, one road investment Federation of Guangzhou, and the cross border financial center of Guangdong, Hongkong and Macau, Guangzhou, China, is jointly organised by the Business Bureau of the city of China Construction Bank Corporation(601939) . This is the first business measure launched by Guangzhou in helping enterprises “go global” since RCEP came into force.
At the event, Cao Zhicong, the second level inspector of Guangzhou Municipal Bureau of Commerce, said that the signing of RCEP agreement is highly consistent with Guangzhou’s urban development strategy. Guangzhou has close traditional economic and trade relations with RCEP member countries. In recent years, RCEP member countries account for more than one third of Guangzhou’s import and export volume. ASEAN has become the largest trading partner of Guangzhou. RCEP countries are also the main destination for Guangzhou enterprises to “go global” investment, The number of non-financial investment projects and cumulative investment amount of Guangzhou Enterprises in RCEP countries account for more than one-third of the total investment of various countries. Guangzhou will give full play to its hub function, radiation role and platform effect, support and help enterprises to deeply study and familiarize themselves with the contents of the agreement rules, and play the role of bridgehead in RCEP organization. At the same time, business associations and professional institutions are encouraged to build a platform for enterprises of RCEP Member States to strengthen trade and investment information communication and resource sharing, help enterprises benchmark international business rules and enhance their competitiveness in international cooperation. Cao Zhicong also pointed out that financial openness and innovation is an important engine for building a new pattern of open economy. Guangzhou Municipal Bureau of Commerce will fully support the promotion of cross-border financial innovation and provide financial support for Guangzhou to deepen the two-way cooperation between RCEP investment and service trade.
RCEP Guangzhou cross border Financial Innovation Center launched “ten services” to help enterprises go to sea
China China Construction Bank Corporation(601939) is the first financial institution to participate in RCEP Guangzhou cross border financial innovation center. China Construction Bank Corporation(601939) the relevant person in charge of Guangdong Hong Kong Macao Dawan District cross-border financial center explained to the enterprise representatives the contents of the “ten services” of RCEP Guangzhou cross-border financial innovation center, mainly including increasing credit support in key industries; Promote the internationalization of RMB; Meet the financial needs of going global enterprises; Boost the development of regional digital trade; Cross border investment and financing under service capital; Promote the growth of new business forms of cross-border e-commerce; Innovative cross-border matchmaking services; Help enterprises improve their risk management ability; Convenient online financial services; Financial technology enabled enterprises. The relevant person in charge of CCB said that it would take the inauguration of RCEP Guangzhou cross border financial innovation center as a new starting point, join hands with Guangzhou “going global” enterprises, give full play to the advantages of financing, intelligence and financing, and provide convenient, intelligent and efficient comprehensive financial services for Guangzhou and RCEP related countries in unblocking trade, promoting investment and opening markets to each other.
During the activity, enterprises praised the financial product service package one after another. Fan Menghui, general manager of cross-border export of ZhuoZhi group, a local cross-border industrial service provider in Guangzhou, said that enterprises will better help overseas brands enter China and Chinese premium products go to sea with the financial strength provided by RCEP Guangzhou cross-border financial innovation center. Yang Jinjun, deputy general manager of the International Business Department of China Railway Tunnel bureau group, said that Guangzhou is close to many RCEP countries in geographical location and cultural customs. The launch of financial services is icing on the cake for enterprises to “go global”.
Guangzhou released the compilation of the first RCEP country (region) investment guidelines to help enterprises “go global”
At the event, Guangzhou Municipal Bureau of Commerce released the “serving Guangzhou Enterprises” going global “- RCEP country (region) Investment Manual. The manual contains the investment environment, investment policies and precautions of RCEP Member States and ASEAN, and adds common information such as overseas outlets of relevant institutions in combination with Guangzhou’s advantages, which can provide a faster reference for Guangzhou enterprises to quickly understand the legal systems and policies of relevant countries, identify market opportunities and risks, and prepare for foreign investment.
The relevant person in charge of Guangzhou Municipal Bureau of Commerce said that the entry into force of RCEP agreement will bring more overseas investment opportunities to Guangzhou enterprises. The government, associations and professional institutions will continue to pay attention to and study the investment and access policies of various countries, continue to do a good job in the service guarantee of overseas investment of enterprises, and improve the international competitive advantage of Guangzhou enterprises. The Guangzhou one belt, one road China investment enterprise one Association official said that one belt, one road, the other, the Federation has always been based on the active participation of the service enterprises in the “one belt and one road” construction. It will make full use of its own advantages to give full play to the role of bridge and link, and provide pragmatic support for the “go global” enterprises to build up all resource platforms, expand the international market and create the maximum economic and social benefits.
Shan Tao, senior partner of Guangxin Junda law firm, believes that there is a serious information asymmetry in overseas investment. The RCEP country (region) Investment Manual issued by Guangzhou Municipal Bureau of Commerce has certain authoritative guidance and can be used as a reference book. Chen Liang, vice president of Guangzhou Huanya cosmetics technology Co., Ltd., said that the manual provides an overview of the history, politics, culture, economy, finance and industry of 15 member states, which can give enterprise decision makers a preliminary judgment and help enterprises avoid detours. It is a good measure to help enterprises.
In recent years, Guangzhou Municipal Bureau of Commerce has actively helped enterprises “go global” and issued a series of preferential policies for enterprises. In June 2021, Guangzhou Municipal action plan for promoting high-quality development of foreign investment and cooperation was issued for the first time. Combined with the signing of RCEP, policies and measures to promote the “going global” of enterprises in Guangzhou were studied and issued at the municipal level for the first time, linking with relevant departments in Guangzhou, Further improve the city’s “going out” guarantee service mechanism and promote the optimization of overseas layout of enterprises. In December 2021, as the first local city in China, Guangzhou took the lead in printing and distributing the 14th five year plan for foreign investment and cooperation (2021-2025), which put forward six target markets, four industrial plate layout, five action contents and four safeguard measures. By coordinating the construction of the city’s “going out” system and platform network, finance, taxation, finance, law, talents Overseas interest protection and other comprehensive escort, promote the high-quality development of foreign investment and cooperation, and ensure the orderly, healthy and safe sailing of enterprises in our city.
(Southern Network)
