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.