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Category: Industries

Promoting High-Quality Development: Interpretation of New Policies for the Financial Leasing Industry in Shanghai’s Lin-gang Special Area

On December 12, 2024, the Lin-gang Special Area of the Shanghai Free Trade Zone introduced new measures to promote high-quality financial leasing development. These policies aim to enhance competitiveness through optimized business environments, financial support, and industry-specific incentives. Key areas of focus include civil aviation, medical equipment, and green leasing, alongside fostering cross-border innovation and talent development. Effective from January 1, 2025, these measures will shape a dynamic financial leasing ecosystem. Companies should leverage these policies, strengthen financial partnerships, and expand internationally to maximize growth opportunities, especially under the Belt and Road Initiative.

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New Policies in Development of Western China: Catalogue of Encouraging Industries in Western China (2025 Version)

The Catalogue of Encouraging Industries in Western China (2025 Version) is a policy document that outlines the industries that the Chinese government encourages for investment and development in its western regions. The 2025 version aims to further boost the economic growth in western China by providing attractive incentives for both domestic and foreign investors. The industries listed in this catalogue are considered essential for the region’s modernization and sustainable development. These industries encompass various sectors, including high-tech, clean energy, advanced manufacturing, and ecological protection.

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China Gives Green Light to Establish Wholly Foreign-Owned Hospitals

China’s new pilot work plan, effective 29 November 2024, permits wholly foreign-owned hospitals in nine key cities, including Beijing, Shanghai, and Shenzhen. This initiative aims to enhance the healthcare sector with innovative service models, cutting-edge technologies, and improved local medical capacity. Eligible investors must demonstrate expertise in hospital management and address gaps in healthcare provision. Exclusions apply to hospitals specializing in traditional Chinese medicine, psychiatric care, or high-risk procedures. By fostering foreign participation, China seeks to meet growing healthcare demands while maintaining strict oversight of ethical and medical risks in this highly regulated industry.

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Amendment to CEPA Provides Enhanced Access to Mainland Markets

The Closer Economic Partnership Arrangement (“CEPA”) amendment between mainland China and Hong Kong, effective 1 March 2025, expands market access for Hong Kong businesses. Covering trade in goods, services, investment, and economic cooperation, CEPA now includes liberalisation measures in sectors like construction, financial services, and tourism. Key updates include easing equity ownership limits and professional service restrictions. Hong Kong enterprises can also capitalize on premier legal and arbitration services for Mainland operations. While most measures apply nationwide, select pilot initiatives focus on the Greater Bay Area, highlighting enhanced integration and opportunities for Hong Kong-based companies in a growing market.

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Cityscape of Shenzhen, China. Shenzhen is a major city in Guangdong Province

Shenzhen Strengthens Support for Venture Capital Ecosystem

On 24 October 2024, the Shenzhen Municipal Committee’s Office of the Financial Committee promulgated the Action Plan for Promoting High-Quality Development of Venture Capital Investment in Shenzhen (“Action Plan”). The document was released as a consultation draft, inviting public input. The deadline for feedback submission was 31 October 2024.

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Guangdong’s 45 Measures Promote Artificial Intelligence Empowering Various Industries

Guangdong Province is spearheading China’s ambitious strategy to integrate artificial intelligence (AI) across various industries. With its comprehensive policy, “Several Measures on Empowering Various Industries with Artificial Intelligence in Guangdong Province,” the region is set to revolutionize agricultural, transportation, energy sectors, and public services through AI. This initiative reflects a broader national ambition to harness AI for high-quality development, positioning Guangdong at the forefront of global AI innovation.

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The Automotive Spare Parts Industry in the Greater Bay Area

The Automotive Spare Parts Industry in the Greater Bay Area

The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile manufacturers and suppliers, and it has a well-developed supply chain network supported by advanced logistics infrastructure. The industry is also actively involved in the development of sustainable transportation systems, including electric vehicles (EVs) and infrastructure for EV charging. There are opportunities for overseas investors, with Guangzhou being a prominent destination for foreign investment in manufacturing. However, SMEs in the industry face challenges such as rapidly changing technology, competition, funding limitations, and supply chain disruptions. Despite these challenges, the GBA’s automotive spare parts industry is poised for continued growth and success.

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The Healthcare Industry in the Guangdong-Hong Kong-Macao Greater Bay Area: A Growing Opportunity for Foreign Investors

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in China has a rapidly growing healthcare industry with significant potential, driven by a large and growing market, favourable government policies, and a strong focus on innovation and technology. The region’s thriving biotech industry and world-class healthcare facilities offer opportunities for foreign investors in areas such as healthcare services, biotech startups, medical equipment and technology, and healthcare tourism. However, foreign investors may face challenges such as a complex regulatory environment, cultural differences, intellectual property protection, and talent acquisition. Successful examples of larger foreign investors and SMEs in the region demonstrate the potential for success in the GBA’s healthcare industry.

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New Opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area’s Industries of Strategic Importance

Discover the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a unique proposition for overseas companies with untapped business opportunities. As an industrial, services, and innovation powerhouse with gigantic, thriving markets, the GBA is a prime destination to do business. Explore industry-specific opportunities in health tech, biotech, e-commerce, next-generation information technology, green tech, and manufacturing.

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an asian chinese cafe owner businessman receiving payment from customer at counter using QR code

The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy

China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10% of the national GDP by 2025. The Guangdong-Hong Kong-Macao, Greater Bay Area, is one of the regions with the highest degree of digital economy development in China, creating abundant business opportunities for foreign companies.

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