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On 2 March 2016, the ‘Information Office of the Chengdu Municipal Government’ provided a very comprehensive report on foreign investment within Chengdu highlighting its key industries, origin and scale. Investinchengdu.com has summarised the main points for further consideration by our dedicated readers, professionals and corporations contemplating doing business in Chengdu and its many economic and entrepreneurial zones.
Overall information
As at the end of 2015, there were 7,091 foreign investment enterprises (FIE) in Chengdu, among which 2,727 are companies, 4,351 are subsidiaries and 13 are partnerships.
Scale
As at the end of 2015, 2015, the total investment of the FIEs in Chengdu was USD$60.01 Billion, the registered capital of the FIEs was USD$34.89 Billion and the foreign investors subscribed USD $28.58 Billion.
Industrial Categories
The main six industries for foreign investment have been
1,929 enterprises |
Wholesaling and retailing sector |
1,671 enterprises |
Commercial / lease services |
796 enterprises |
Manufacturing |
557 enterprises |
Information technology and software |
542 enterprises |
Accommodation and catering |
519 enterprises |
Real estate |
FIE Origin
The main ten destinations for foreign investment within Chengdu were from
Destination |
Enterprise Numbers |
Registered Capital USD$ |
Hong Kong |
1,044 |
$21.6 Billion |
Singapore |
218 |
$4.55 Billion |
British Virgin |
142 |
$2.53 Billion |
Japan |
139 |
$1.2 Billion |
America |
248 |
$1.16 Billion |
Taiwan |
256 |
$0.54 Billon |
Britain |
50 |
$0.17 Billion |
Canada |
11 |
$0.11 Billion |
Korea |
107 |
$80 Million |
Australia |
44 |
$70 Million |
2015 Foreign Investment Overview
Throughout 2015, 863 foreign investment enterprises (FIE) were registered in Chengdu, 224 were companies, 633 subsidiaries, 6 partnerships. The total investment of the 224 companies were USD$2.68 Billion, the registered capital USD$1.7 Billion and $USD 1.19 Billion subscribed by foreign investors.
Origin 2015
The origins of the 2015 FIEs were 57.1% from Asia (Hong Kong 86, Taiwan 23 and Korea 19).
The main six industries for foreign investment in 2015 were:
328 enterprises |
Wholesaling and retailing sector |
128 enterprises |
Commercial / lease services |
120 enterprises |
Information technology and software |
91 enterprises |
Accommodation and catering |
57 enterprises |
Finance |
42 enterprises |
Real estate |
The 2015 registered capital of the above 766 enterprises was $USD1.43 Billion, accounting for 84.7% of the FIE registered capital pool.
Investinchengdu.com appreciates the efforts of all foreign enterprises and professionals in making the concerted decision to invest their resources, ideas and business models within Chengdu. Foreign direct investment is not for the faint hearted and requires considerable planning, research and collaboration with local joint venture partners and professionals.
Indeed investments within retailing, wholesaling and real estate are essential in developing a city’s economy, however it will be the emerging and innovative industries like advanced manufacturing, biopharmaceutical, environmental, life sciences, medical equipment, new materials and technology, that will transform a city into a global and innovative metropolis.
The Chengdu Municipal government has developed various policies and incentives to encourage foreign direct investment by professionals and corporation. Indeed investment is not confined to monetary resources, but ideas, intellectual property, patents and talents something that Chengdu requires to further drive this western china economic juggernaut.
Moving into new jurisdictions and ‘setting up careers, start ups and enterprises is not an easy feat’ and requires significant planning and research. However us at investincnegdu.com and Dailu can provide the ethical advice, professional help and relationship management required to help you cultivate your personal “Chengdu story”.
Information source: Information Office of Chengdu municipal government
Disclaimer – We have summarised the primary points and strongly recommend you undertake your individual research.