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market purchase-starting your new trading mode in china!

september 13, the lecture, market purchase trading mode was successfully held in hacos meeting room by the agricultural bank of china(abc) and hacos jointly, and it also won great support from arab chamber of commerce.

market purchase-starting your new trading mode in china!

staff of the abc (second from the left), chairman of the arab chamber of commerce(second from the right) and the ceo of hacos(first from the right)

the lecture, given by hacos’s ceo, harvey, and participated by 20 foreign entrepreneurs that specialize in foreign trading business, was covered in a warm and friendly atmosphere. besides, harvey’s clear logic and foreign trade knowledge shared during the activity will serve a great guiding significance for foreign trade enterprise. 

harvey chan

market purchase-starting your new trading mode in china!

● vice-president of professional committee 

● for foreign business consultancy of guangzhou

● ceo of hacos business services

● xiamen university, master degree,emba 

● more-than- 8-year experience in foreign business services.

● has provided comprehensive business solution for over  100 foreign investment enterprises and trade enterprises.

# here are some information from the activity which may be useful for those who missed the activity

what is market purchase trading mode?

in terms of the export trade problems for foreign entrepreneurs, harvey introduced three common market purchase trading modes in detail, general trading, tourism trading and market purchase, promoting a better understanding in chinese trading policy and the differences of trading modes for foreigners who do foreign trading business in china.

tap to enlarge

market purchase-starting your new trading mode in china!

why does market purchase 

become more and more popular

 in export business?

as a new industry mode and pattern, market purchase trading not only owns great approval and policy support from china but also ensure various welfare for foreign entrepreneurs.

market purchase-starting your new trading mode in china!

activity site of the market purchase-starting trading new mode 

what are the advantages?

  • ensure validity of the account and collecting foreign exchange in a safe and lawful way.  

  • reduce dependency on hk accounts or nra accounts when collecting foreign exchange.

  • regular customs declaration and simple settlement only with formal invoices and bills of lading.

  • vat invoice is not required and tax exempted by government.

  • market purchase trading mode is largely encouraged by chinese government.

market purchase-starting your new trading mode in china!

active discussion among foreign entrepreneurs

market purchase-starting your new trading mode in china!

active discussion among foreign entrepreneurs

change the foreign trading mode if 

you’re restricted by various reasons.

how to trade if you owned account in hsbc but it is closed now?

what if the account in abc was closed due to various reasons and you are badly in need of money to pay for the goods?

how to export without invoices from factory?

……

during the interactive session, foreign entrepreneurs asked question actively, raising many questions concerning about their own business, and harvey offered detailed solutions and practical suggestions patiently.

market purchase-starting your new trading mode in china!

foreign entrepreneurs was asking questions actively

as one of the first units qualified in market purchase trading in guangzhou, china, hacos provided thousands of foreigners with business services and solutions with professional knowledge and excellent service attitude.

market purchase-starting your new trading mode in china!

a foreign entrepreneur was taking photos of the key points of the power point

hacos strives for simplification & 

high efficiency in exports for 

foreign entrepreneurs!

  • one of the first units qualified in market purchase trading in guangzhou, china

  • key export unit supported by government in yuexiu district, guangzhou, china

  • volume of exports was over 200 million in 2018

  • professional declaration company and staff

  • nvocc membership 

market purchase-starting your new trading mode in china!

foreign entrepreneurs was consulting to hacos’s staff

market purchase-starting your new trading mode in china!

foreign entrepreneur shows great approval and satisfactions towards the activity 

foreigners can set up wholly owned ventures & own free land!

the guangdong government revealed a slew of new measures monday to help manufacturing enterprises in the province lower their costs by as much as 200 billion yuan (us$29 billionbetween 2018 and 2020.

foreigners can set up wholly owned ventures & own free land!

© image | gdcommerce

lower manufacturing costs

the 61 measures will lower manufacturing costs across 10 significant areas, including taxation, land costutilities, social insurance and transportation, with the aim of helping enterprises in guangdong accelerate their development.

foreigners can set up wholly owned ventures & own free land!

© image | google

facilitate structural reform

the new measures will also help manufacturing enterprises facilitate structural reform and offer support to key industries such as 

  • new-generation information technology;

  • high-end equipment manufacturing; 

  • digital economy; 

  • low-carbon economy; 

  • new materials;

  • bio-medicine. 

foreigners can set up wholly owned ventures & own free land!

© image | google

the measures also provide subsidies for technological upgrades and advantageous policies that offer assistance to smes with financing issues.

follow president xi’s initiative

zhong xuanhui, deputy secretary general of the guangdong provincial government, said these new measures showcased guangdong’s efforts to follow president xi’s initiative and push forward the province’s industrial reform and real economic development.

updated foreign direct investment rules

last thursday, guangdong, the center of china’s export industry, released updated foreign direct investment rules to woo foreign investors. 

the rules give foreign investors additional incentives to set up plants in the pearl river delta.

foreigners can set up wholly owned ventures & own free land!

© image | google

according to the rules, for the first time guangdong will 

  • allow foreign investors to set up wholly owned ventures for the manufacturing of new-energy vehicles, aircraft, drones and other high-end products

    previously, foreign firms wishing to operate in these sectors in the province were required to have a local joint venture partner.

foreigners can set up wholly owned ventures & own free land!

© image | google

  • the government has also promised to provide free land for any project with an investment of more than 2 billion yuan.

foreign investment in gd

in the first half of this year, guangdong has seen an actual use of 79 billion yuan of foreign investment, according to the provincial government data.

foreigners can set up wholly owned ventures & own free land!

© image | google

in july, china granted german chemical giant basf permission to build a plant in zhanjiang, guangdong, with a total investment of us$10 billion. the project is one of the first in which a foreign investor has full ownership without a local partner.

china and egypt, new boom of investment cooperation arises!

september 12, 2018, sc-zone—expanding east port said industrial zone investment activity was held in asia international hotel guangzhou. to explore the investment opportunities in egypt east port said special economic zone, hacos has witnessed the new boom of investment cooperation between china and egypt!

china and egypt, new boom of investment cooperation arises!

▲ site from explore sc-zone and expand chinese investments at east port said industrial zone

the conference has won great supports and responses from domestic and foreign media, economic and commercial department of egyptian embassy in china, enterprises and organizations. as a professional in enterprise services, hacos was invited to the conference and has witnessed the new boom of investment cooperation between china and egypt.

china and egypt, new boom of investment cooperation arises!

▲ admiral abdel kader darwish, the vp of suez canal special economic zone authority

china and egypt, new boom of investment cooperation arises!

▲ hacos’s general manager, harvey, and his teammates at the site of the activity

as the focus point of the belt and road as well as the essential support of egypt participating in the construction of the belt and road, sc-zone is bound to be the hub of regional logistics and other relevant value-added services with the increasing international investment and support from the egyptian government.

china and egypt, new boom of investment cooperation arises!

▲ admiral abdel kader darwish, the vp of suez canal special economic zone authority

in addition, the egyptian government is scheduled to expand public facilities in port said, and the most noticeable plan is to build a bridge across the suez canal.

due to the special zone’s preferential policy for enterprises and the advantaged geographical locations, the traffic fort of europe, asia and africa and the west intersection of the belt and road, lots of investors and enterprises express their intentions of cooperation during the conference.

china and egypt, new boom of investment cooperation arises!

▲ hacos was in the investment activity of expanding chinese investments at east port said industrial zone

as a professional brand that provides foreigners and foreign-owned enterprises with business services and solutions, hacos has met many international friends and has enhanced the relationship with foreign trade units, laying a solid foundation for future communication and  cooperation.

‘super typhoon’ mangkhut’s coming! please get ready in advance!

guangdong is currently projected to receive two strong storms in the coming days, one of which – according to numerous predictions – is expected to morph into a super typhoon.

'super typhoon' mangkhut's coming! please get ready in advance!

a standby signal no.1 has been issued in hong kong, while the shenzhen meteorological bureau has issued a white typhoon warning. 

the first storm is currently forecast to arrive in southwest guangdong province at around noon on september 13. the weather system began as a low-pressure area south of taiwan yesterday morning and was upgraded to a tropical depression later in the day. 

the second storm, typhoon mangkhut, is big, and experts are warning that it has the potential to develop into a super typhoon. 

'super typhoon' mangkhut's coming! please get ready in advance!

© image | twitter@accuweahther

yesterday, mangkhut cruised over the northern portion of the mariana islands. earlier projections indicated the storm would mount a head-on assault on guam, although the island escaped largely unscathed.

“we dodged a big one,” said us national weather service meteorologist landon aydlett, according to the guam daily post. “thank god we weren’t looking at a typhoon pongsona coming through.” (typhoon pongsona slammed the american territory in 2002, resulting in widespread destruction). 

storm tracking platforms indicate typhoon mangkhut will pass slightly to the north of the philippines on saturday, september 15, before continuing west towards guangdong province. 

'super typhoon' mangkhut's coming! please get ready in advance!

© image | typhoon.zjwater.gov.cn

while it’s possible mangkhut may change course, the storm appears set to make landfall in or around the pearl river delta on either september 16 or 17. 

as of 3pm yesterday, mangkhut was releasing gusts of up to 185 kilometers per hour, according to an estimate published by the philippine star. 

by saturday morning, wind strength may reach 240 kilometers per hour near the eye of the storm. 

to put mangkhut’s power in perspective, 1991’s infamous ‘perfect storm’ in the atlantic, which killed 13 people, including the crew of the andrea gail, the protagonists of the non-fiction novel the perfect storm, reached a maximum wind speed of 120 kilometers per hour.  

according to the philippine star, the philippine atmospheric, geophysical and astronomical services administration defines a ‘super typhoon’ as a typhoon with “maximum sustained winds of 220 kilometers per hour.”

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