Helping hand for investments abroad

SIP introducing services to help companies that are expanding overseas

The integration of the global economy means companies can find business opportunities across the world, and there is a growing trend for companies based in China to make outbound investments.

In light of this, Suzhou Industrial Park unveiled its national level "Outbound Investment Services Demonstration Platform" on Dec 15, which provides integrated, professional services in finance, training, intermediary and risk prevention for companies in the park making outbound investments.

"With a growing number of enterprises in the SIP making outbound investments in overseas markets, they require different services," said Yang Zhiping, director of SIP Administrative Committee, at the China (Suzhou) Outbound Investment and Services Forum held on Tuesday.

The forum, with the theme "Sharing Global Resources and Development Opportunities", was sponsored by the China Chamber of International Commerce, the China Overseas Development Association and International Enterprise Singapore, and organized by the SIP Administrative Committee.

"Suzhou Industrial Park is fully aware of the trend and is working out new policies to help these enterprises move forward in the international market," Yang said. "We will not leave them on their own."

SIP will actively integrate and assemble domestic and overseas quality resources, focus on structuring the four functions of public services, talent training, investment and financing services and internationalized services to accelerate the pace of building the demonstration platform into a comprehensive one-stop service window that is complete in functions, convenient for investment and considerate in service, Yang said.

The platform serves legal enterprises in the SIP that have newly set up operations overseas, including through mergers and acquisitions or other means.

The SIP will take measures to provide a convenient efficient one-stop registration, record filing and foreign exchange registration for outbound investment.

The SIP also intends to set up a special agency to provide a one-stop, whole-flow service system that complements the overseas policy information platform, integrating professional service institutions such as domestic and overseas law, accounting and consulting firms, and assessment and financing institutions.

It will also promote an investment project database, funds database and information database, and facilitate information sharing among governments, intermediary institutions and enterprises.

The park has attracted more than 5,500 foreign funded corporations since its establishment in 1994 with actual utilization of $28.2 billion in foreign investment.

Contact the writers at zhoufurong@chinadaily.com.cn and panzhongming@chinadaily.com.cn

(China Daily 12/18/2015 page20)