BVI Registered Companies very active
in booming Chinese Market
BVI companies were the second biggest investors after Hong Kong in Shanghai
in January. Official figures show that contracted foreign investment was up
by 50% primarily in the shipping, automotive and oil sectors.
Executive Director of the BVI Finance Centre, Mrs. Lorna Smith said,
"Opportunities in Shanghai and the rest of China for foreign trade
investment have increased significantly in recent years. Companies
registered in the BVI have recognised that. This level of activity
demonstrates all too clearly that the BVI companies can be active vehicles
for a variety of investments."
The Chinese market is said to be extremely important to the BVI and "we
already have substantial investment from Hong Kong in the BVI."
"We hope to expand that further in the future and will support our private
sector in their promotional activities here."
The South China Morning Post reported on 5 February that by the end of
January, Shanghai has more than 28,000 foreign-invested companies and
cumulative US$64.6 billion in contracted foreign investment. In china as a
whole, foreign companies invested nearly US$53 billion, more than any other
country with contracted foreign investment reaching US$83 billion.
2003 by SUN ENTERPRISES (B.V.I.) LTD.
PUBLISHERS OF THE
ISLAND SUN Newspaper. All rights reserved.