To stabilize foreign investment, the Chinese market is full of magnetism
General Secretary Xi Jinping pointed out: "No matter what changes in the international situation, China will hold high the banner of reform and opening up." "China will build a unified, open, competitive and orderly market system to ensure that all enterprises have equal status before the law and opportunities before the market. Equality. China welcomes all kinds of capital to operate legally in China and play a positive role in China's development."
China continues to contribute to the recovery and stable development of the world economy.
A report released by the United Nations Conference on Trade and Development shows that due to the impact of the new crown pneumonia epidemic, global foreign direct investment in 2020 will drop by 35% year-on-year.
In China, the actual use of foreign capital in 2021 will break the trillion yuan mark for the first time, a year-on-year increase of 14.9%.
In the first two months of this year, the actual use of foreign capital was 243.7 billion yuan, a year-on-year increase of 37.9%.
In the past few days, a number of large-scale foreign-funded projects have started construction one after another: South Korea's SK Group's 30GWh (gigawatt-hour) power battery project started in Yancheng, Jiangsu, and Thailand's Tencel Group's Red Bull Beverage (Sichuan) production base was launched in Neijiang, Sichuan...Open China Show unique charm.
With its complete industrial system, perfect infrastructure and super-large market advantages, China has become a stabilizer for global transnational investment.
With the opening of the door wider and the business environment continuously optimized, China will bring more development opportunities for foreign investment.
The prospect is broad, and the Chinese market is warm
"China has a huge domestic market demand, a complete industrial chain and supply chain, and its economic development has strong advantages and potential"
On March 25, Panasonic Group announced the first hydrogen fuel cell comprehensive energy utilization project in China.
This project, built at Panasonic's Wuxi factory in Jiangsu, will provide green energy by building a fuel cell system and is scheduled to be officially put into production in June this year.
Also in the Yangtze River Delta, Panasonic is building a new base for intelligent manufacturing and import and export trade in Hangzhou; looking south, in Guangzhou, Foshan, Jiangmen, Zhuhai and other places in the Guangdong-Hong Kong-Macao Greater Bay Area, Panasonic plans to increase the focus on residential space and on-board equipment, etc. Investment in the field; looking west, in Chongqing, Panasonic Vacuum Energy-saving New Materials Co., Ltd. took over the business in Thailand and expanded its production capacity... Since 2020, Panasonic has built 8 new business bases in China.
"The Chinese market has unparalleled advantages!" said Tetsuro Honma, global vice president of Panasonic Group and general representative of Panasonic in Northeast Asia, China. Since the outbreak of the new crown pneumonia, Panasonic has adjusted its production network system all over the world and has closed some areas. factories, and a large part of their production capacity and sales tasks have been transferred to China.
Panasonic's investment confidence stems from the vast room for growth in the Chinese market.
China has contributed more than 30% of world economic growth for many years, becoming the main stabilizer and power source of world economic growth.
In 2020, affected by factors such as the new crown pneumonia epidemic, the global market was sluggish, and the Chinese market became the only market in the world that Panasonic Group achieved positive growth.
In 2021, Panasonic's business in China will grow steadily, and various business sectors such as healthy elderly care, fresh food supply chain, clean technology, energy conservation and environmental protection will be accelerated.
Panasonic's investment confidence also stems from China's strong production organization capabilities.
"As China's economy recovers first, we have the conditions to invest and build new bases in China," said Tetsuro Honma.
China's complete industrial system, complete infrastructure, obvious advantages in human resources, and strong production and organization capabilities allow enterprises to see the resilience of China's economy and at the same time have full confidence in China's economy.
As early as 1987, Panasonic established a joint venture in China.
In April 2019, in order to better serve the Chinese market, Panasonic Group established an overseas business company in China integrating R&D, manufacturing and sales - China Northeast Asia Company. The management system of "Chinese market, Chinese local decision-making".
This is also the first time in the history of Panasonic.
"China is not only a big manufacturing country, but also a big consumer and innovation country." Tetsuo Honma said, "China has a huge domestic market demand, a complete industrial chain and supply chain, and has strong advantages and potential for economic development. The Chinese market is in Panasonic. Its position in the global layout is becoming more and more important." Today, Panasonic has 72 legal entities in China, about 50,000 employees, and 9,000 developers, and its business scale accounts for more than a quarter of the overall size of the Panasonic Group.
Tetsuro Honma said that as China steadily moves towards high-quality development and the rural revitalization strategy is further advanced, the advantages of China's super-large market will be further stimulated, and Panasonic will continue to develop and develop China as an important global market.
Transformation and upgrading, China's opportunities should not be missed
"China's manufacturing industry is accelerating its steady progress towards the mid-to-high end of the global industrial chain and supply chain, and China's opportunities have new connotations"
In 2021, in Xi'an, Shaanxi, the second phase of the Samsung Semiconductor Factory Phase II project will be officially mass-produced; in Tianjin, the latest products of Samsung's Multilayer Ceramic Capacitor (MLCC) factory will be mass-produced.
"In response to China's new needs for high-quality development, we continue to increase investment in high-tech industries and promote the transformation and upgrading of the industrial structure in China," said Huang Degui, president of China Samsung.
This year marks the 30th year that Samsung has entered the Chinese market.
In the past 30 years, from investing in the construction of assembly plants in China to increasing investment in high-end industries in the supply chain such as semiconductors, new energy vehicle power batteries, and automotive ceramic capacitors, Samsung has not only achieved its own transformation and upgrade, but also contributed to the transformation and development of China's electronics industry. contribute.
In the early days of reform and opening up, China's coastal areas, relying on the cost advantage of factors, vigorously developed processing trade and became the "world's factory".
In 1992, Samsung began to invest in the construction of a number of factories engaged in electronic assembly and processing in coastal areas such as Guangdong and Tianjin, mainly producing TVs, video recorders, mobile phones and other products.
After entering the 21st century, in line with the changes in the Chinese market, Samsung has successively introduced industries such as finance, heavy industry, and service industries into China, and has established independent research institutes in Tianjin, Beijing and other places, established scientific research teams, and turned to localized production and research and development.
Today, Samsung has 8 R&D centers in China, and the R&D layout covers communication, artificial intelligence, semiconductor and other fields.
"Now, China's manufacturing industry is accelerating its steady progress towards the mid-to-high end of the global industrial chain and supply chain, and China's opportunities have new connotations." Huang Degui said, feeling the pulse of China's development, Samsung's investment layout in China has changed synchronously, accelerating its development into technology-intensive industries. Iterative upgrade.
In 2018, Samsung invested in the construction of the world's leading MLCC factory in Tianjin to continuously meet the needs of basic electronic components such as mobile phones, computers, and automobiles in China, becoming one of Samsung's main production bases in this field.
With the settlement of Samsung's high-end manufacturing projects, a large number of upstream and downstream suppliers at home and abroad have come to invest in Tianjin, gradually forming a complete industrial chain system.
At present, Samsung has more than 4,000 upstream and downstream partners in China's industrial chain, which are deeply integrated with China's economic development.
"As of 2021, Samsung has invested more than 50 billion US dollars in China, of which the new investment in the past five years has reached more than 20 billion US dollars, 80% of which are concentrated in high-tech industries such as semiconductors and new energy vehicle power batteries. Even in the new crown pneumonia epidemic During the prevention and control period, Samsung still maintains a stable investment of US$4 to 5 billion per year in China." Huang Degui said.
The change in investment data clearly shows Samsung's determination to increase investment in China, and it also highlights that foreign companies represented by Samsung continue to be optimistic about the development prospects of China's high-end manufacturing.
"China is accelerating the construction of a new development pattern, and the domestic market potential will continue to expand. Samsung will continue to deepen its efforts in China as always, and China's opportunities should not be missed." Huang Degui said.
Expanding opening up, China promises to do what it says
"More and more foreign financial institutions are deeply involved in the Chinese market, and while serving Chinese and overseas enterprises and customers, they also gain more development opportunities"
On March 9, Allianz Insurance Asset Management Co., Ltd. received approval from relevant departments in my country, and the parent company, Allianz Group, was approved to increase capital of Allianz Asset Management by 400 million yuan through Allianz Holdings.
At this time, it has been less than a year since the establishment of Allianz Asset Management.
In January 2021, Allianz China Insurance Holding was approved by the China Banking and Insurance Regulatory Commission to initiate the establishment of a wholly-owned Allianz Insurance Asset Management Co., Ltd., which was approved to open in July, becoming the first wholly foreign-owned insurance company approved for establishment in China. asset management company.
"The continuous increase in investment in the Chinese market shows Allianz Asset Management's confidence in the continued expansion and opening of China's financial market." said Zhen Qingzhe, deputy general manager of Allianz China Insurance Holdings and general manager of Allianz Insurance Asset Management.
Allianz Group established a representative office in China in 1994 and was approved to set up its first life insurance joint venture in 1998.
For more than 20 years, Allianz and the Chinese economy have grown together.
Especially in recent years, benefiting from the accelerated opening of China's financial market, Allianz's development in China has entered a fast lane.
In 2018, the China Banking and Insurance Regulatory Commission announced that the proportion of foreign shares in life insurance companies would be relaxed from 50% to 51%, and at the same time, the previous restrictions on foreign shares in Chinese banks and financial asset management companies had been lifted, and foreign financial institutions officially enjoyed "national treatment".
Allianz Group formally submitted an application to the China Banking and Insurance Regulatory Commission for the establishment of a wholly-owned insurance holding company, and was officially approved for establishment on November 23.
The opening up of China's financial industry has not stopped.
In 2019, the China Banking and Insurance Regulatory Commission introduced 12 new measures for opening up to the outside world to further expand the opening up of the banking and insurance industry.
This year, Allianz Group received the opening approval from the China Banking and Insurance Regulatory Commission and completed the registration.
In January 2020, as the first wholly foreign-owned insurance holding company in China, Allianz (China) Insurance Holding Co., Ltd. officially opened in Shanghai.
In November 2021, Sino-German Allianz Life Insurance, a joint venture insurance company, was approved, becoming the first life insurance company in China to transfer from a joint venture to a wholly foreign-owned company.
The development experience of Allianz China Insurance Holdings is an example of the steady growth of foreign financial institutions in the Chinese market, reflecting the calm and firm pace of China's financial market opening.
Since the 18th National Congress of the Communist Party of China, China's financial industry has continuously launched new measures to actively open up, and the level of opening to the outside world has been greatly improved.
Since 2018, the China Banking and Insurance Regulatory Commission has launched three rounds of 34 new opening-up measures, covering five aspects: removing restrictions on foreign shareholding ratios, relaxing foreign-funded institutions and business access conditions, and expanding the business scope of foreign-funded institutions.
"More and more foreign financial institutions are deeply involved in the Chinese market. While serving Chinese and overseas companies and customers, they also gain more development opportunities." Zhen Qingzhe said that it is expected that in the next 10 years, the growth rate of Allianz's global insurance premiums will be expected to increase. If it exceeds 5%, the Chinese market will undoubtedly continue to dominate the market. It is expected to achieve an average annual growth of 10%, and nearly 1/3 of the global premium growth will come from China.
Optimizing services, China's achievements attract world attention
"China continues to create a market-oriented and legalized international business environment, and treats enterprises of all types of ownership equally"
"I'm used to going home from get off work at night to buy desserts at a convenience store in the subway. It's very convenient," said Wang Yulin, who works in Hepingli, Dongcheng District, Beijing.
The reporter saw that on the inbound floor of Hepingli North Street Station of Beijing Metro Line 5, there is a Lawson convenience store inside the ticket gate. Although the small store of more than 10 square meters looks small, the store is clean and has a wide variety of goods. for abundance.
Candies, nuts, jerky, biscuits, beverages, convenience foods, sandwiches and other light meals, as well as desserts such as ice moon cakes and ice breads, are displayed on the shelves, attracting many subway passengers to choose and buy.
Lawson is one of the three giants of Japanese convenience stores, with more than 18,000 stores around the world, and is the first Japanese-owned convenience store to enter China.
"In recent years, China has continued to create a market-oriented, law-based and international business environment, and treats enterprises of all types of ownership equally. Lawson's store opening speed in central cities, regional cities and county-level cities has accelerated significantly." Lawson (Beijing) Che Wenhuan, deputy general manager of the company, said.
"Three certificates in one, one license for one code" and "multiple certificates in one"... With the acceleration of the reform of China's commercial system, in 2020, the time for business establishment has been reduced from an average of 22.9 days to less than 4 working days.
"Take Beijing as an example. In the past, it took 3 to 4.5 months for a convenience store to sign a contract to open, and it took several trips to get various certificates. After the reform of the commercial system, it only takes about one month to open a store on average, saving several Monthly rent." Che Wenhuan said.
"Last year, Beijing Lawson Metro Convenience Store completed the opening of the first batch of 36 stores in one go." Che Wenhuan said that in the application of licenses, the 36 subway stores adopt "one certificate for one city", regardless of whether the store belongs to Dongcheng or Xicheng In any district, such as Chaoyang, one certificate corresponds to one, and the procedure is very convenient, saving worry and effort.
During the prevention and control of the new crown pneumonia epidemic, Rosen also enjoyed the policies of local governments to help enterprises and relieve poverty.
"In the Beijing-Tianjin-Hebei region alone, Lawson has enjoyed nearly 10 million yuan in rent reductions, social security reductions, electricity bill reductions, promotional subsidies, and store opening subsidies. In addition, Lawson's franchised stores and entrusted stores also enjoy small and micro enterprise value-added tax. Various preferential policies, such as reduction and exemption, income tax reduction and exemption, social security reduction and exemption, and social security deferred payment." Che Wenhuan said.
"China's convenience store market space is relatively large." Che Wenhuan said that although affected by the new crown pneumonia epidemic, Lawson China will start to make profits in 2020, and profits will further expand in 2021. "We are confident that the number of stores will reach 1 in 2025. Wanjia's goal."
Graphics: Zhang Danfeng