On the morning of March 7, “Guangzhou’s Enterprises Going Global Series: Invest in the UK” was held in Guangzhou Municipal Commission of Commerce.

It is learned that Guangzhou and the UK had been quite active in economic and trade exchanges. Last year, the total foreign trade volume for imports and exports of both sides hit $2.48 billion. The UK had direct investment of $120 million in Guangzhou, and Guangzhou enterprises invested $250 million in the UK, 65.7 times and 18.8 times than those in the previous year, respectively.

Experts, industrial insiders and investors of numerous Guangdong investors had in-depth discussions on the investment in the UK. Representatives of London & Partners Limited, ABP (London) Investment Co.,Ltd. and Deal Globe introduced the business and investment promotion environment of the UK. The British time-honored Gowling WLG (UK) LLP stressed the issues on noteworthy laws for overseas market investment to avoid blind investment and protect enterprise’s overseas investment.

In addition, the introduction to the latest visa and migration policies of the UK was held at the activity site to enable participants to have an all-round understanding of relevant issues on investment in the UK. Participating enterprises showed great interests in the M&A of projects of innovative sci-tech small- and medium-sized enterprises.

Guangzhou and the UK have been active in economic and trade exchanges, and showed a fairly good development momentum, said Cao Zhicong, inspector of Guangzhou Municipal Commission of Commerce. Last year, the total foreign trade volume for imports and exports of both sides hit $2.48 billion. The UK had direct investment of $120 million in Guangzhou, and Guangzhou enterprises invested $250 million in the UK, 65.7 times and 18.8 times than those in the previous year, respectively. By the end of 2016, the UK had invested 224 direct investment projects with the amount of $940 million, and Guangzhou had invested 21 direct investment projects with the amount of $280 million. Both sides have great development and cooperation  potential and a promising future.

 Source: Translated from Invest Guangzhou, Mar. 8, 2017