Wholesaling and retailing industry in Shenzhen - A hot place for foreign investors

According to the Shenzhen Bureau of Trade & Industry, the wholesaling and retailing industry in Shenzhen becomes a hot place for foreign investors. In the first half of 2006, there are totally 495 foreign wholesaling and retailing enterprises and 171 foreign business service enterprises moved in to Shenzhen. There are 12 foreign business enterprises whose investment amount is at least USD10 million, such as Walmart and Carreford etc. Besides, many big and small investors from Hong Kong, Macau and Taiwan start their wholesaling and retailing business in Shenzhen, which also helps to activate Shenzhen's wholesaling and retailing market.

From 2006, there are two climaxes for foreign investors invest in Shenzhen's wholesaling and retailing industry: the first one is from January to the end of the first quarter. The eighteen territories are opened to Hong Kong and Macau's service providers, which agreed by the third stage of CEPA and Shenzhen municipality, carried out active measures based on this opening. She drives CEPA to be implemented completely and hence, Hong Kong and Macau's investors start their wholesaling and retailing business in Shenzhen. The second stage is from 1st April 2006 to this moment, the Ministry of Commerce of People's Republic of China kept their promise to join WTO and they offer the authority to the municipalities to approve the request of foreign investment on their own. The foreign-invested wholesaling and retailing enterprises can get the approval in Shenzhen if they matched with the related prerequisites. This convenient procedure enhances the foreign investment in Shenzhen.

Source: Shenzhen Domestic Trade

Date: 9 Aug, 2006