Beijing challenges Shanghai to win regional HQs
July 29, 2009 | BY
clpstaff &clp articlesNew rules issued by the Beijing municipal government provide attractive incentives for foreign multinational companies looking for a regional base
In May and June 2009, the Beijing municipal government promulgated new rules with the aim of encouraging multinational companies to set up regional headquarters in the capital city. The move came six months after Shanghai took similar action.
The Several Provisions on Encouraging Multinational Companies to Establish Regional Headquarters in Beijing (关于鼓励跨国公司在京设立地区总部的若干规定) and their Implementing Measures (New Rules) took effect on January 1 2009. The New Rules repeal the Circular on the Issuance of the Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations(关于鼓励跨国公司在京设立地区总部的若干规定) as well as measures covering the recognition of regional headquarters issued by the municipal government 10 years ago.
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