A memorandum of understanding between ABP International Alliance and Guangzhou Municipal Board for International Investment (Invest GZ) will be signed to help companies in Guangzhou to “Go Global” and develop new markets in the UK, meanwhile publicising the development level of the export-oriented economy of Guangzhou and its international business environment.
Committed to establish a high-level network for enterprises between China and the UK, ABP International Alliance aims Guangzhou to start its campaign in helping Chinese enterprises going global because of Guangzhou’s open and international business environment.
Neil Robinson, Executive Chairman of ABP International Alliance said,
“Guangzhou is one of the Top 3 cities in China that is seeing a rising number of enterprises across all sizes and sectors going abroad to boost their exports and their profits. We believe Guangzhou has the most excellent enterprises to introduce their expertise to the UK where they can benefit from the business friendly environment and the lowest tax among the G7. And we are pleased to see a wide range of support given by the local government to encourage enterprises participating in international trade activities.”
Official statistics show that the economic aggregate of Guangzhou has been ranking third among the cities in the Chinese mainland for 27 consecutive years and Guangzhou has been ranked No.1 on Forbes Best China Business City List for 5 times.
As the place of original of the ancient Marine Silk Road and the gateway of the 21st Marine Silk Road, Guangzhou is committed to establish “Three Hubs” (International Shipping Hub, International Air Hub and International Scientific and Technological Innovation Hub), to strengthen the mission of Guangzhou as the central city and the capital city of Guangdong Province.
Despite the UK’s vote to leave the EU and uncertainty from the European market, UK and its capital London still being considered by Chinese enterprises as a favoured destination thanks to its sound legal framework, stable government, world-class professional service and international talent pool. London’s economy is also very strong and set to grow further.
As the most important global city of the world, London has been chosen to be headquarters by over 100 of Europe's 500 largest companies and over 70% of the FTSE 100 companies. Leading real Chinese estate companies including Wanda, Greenland and Vanke all have ambitious projects in London and with many more coming. Chinese enterprises are set to play a role in London’s economy stronger than ever.
Located in the east part of the city, Royal Albert Dock sits in the centre of London’s regeneration and economic development. This is a £1.7bn project which is being created especially for companies from China to locate in the UK. It has the backing of the Mayor of London and the UK Central Government. Recently, the new UK Prime Minister Theresa May recognised its importance when she mentioned it during the visit of Chinese Vice Premiers Ma Kai as an example of the strong relationship between the 2 countries.
The project is London’s third business and financial centre and is considered ideal for companies from China looking to have a representative office in the UK from which they can manage the export of their goods and services into the UK and European markets. During President Xi’s State Visit in 2015, he and Prime Minister David Cameron witnessed the signing ceremony between ABP and CITIC Group who are investors in the project with CITIC Construction as construction managers.
NOTES TO EDITORS:
ABP International Alliance
ABP International Alliance is a business-focused organisation working to stimulate trade and investment amongst global enterprises across a wide range of sectors. The Alliance’s first focus is on UK and China. The formation of ABP International Alliance was jointly announced by ABP Global Group and UKTI (UK Trade and Investment, now renamed as Department of International Trade) in 2014.
ABP Royal Albert Dock
It was announced by the then Mayor of London Boris Johnson on 29 May 2013 that ABP (London) would lead the development of the 35-acre Royal Albert Dock site. ABP was chosen following a procurement process to identify a developer to develop out the site for employment focused uses.
It is planned to start full construction on site at Royal Albert Dock in early 2017 and the first phase of 1.2m sq ft will be finished by 2018. The entire scheme will now be completed within 8 - 10 years.
Royal Albert Dock is part of the Royal Docks - London’s only one Enterprise Zone which lies within the stretch of land running from Stratford down the River Lea to the Thames, an ‘arc of opportunity’ with £26 billion of development potential. It is home to ExCeL, the international exhibition and convention centre and London City Airport. The Mayors of London and the London Borough of Newham have set out a joint vision to develop the Royal Docks.
Established by the Guangzhou Municipal Government in April 2002, Guangzhou Municipal Board for International Investment is an official investment promotion institution which provides international investors with professional and multi-language services.
For further information, and photographs for media use, please contact:
ABP (London) Investment Ltd
T: 020 3818 8540