Friday, February 9, 2024

Hot News|The total number of business entities exceeded 18 million! Guangdong accelerates the construction of a first-class business environment

Hot News|The total number of business entities exceeded 18 million! Guangdong accelerates the construction of a first-class business environment

Invest in Guangdong 2024-01-12 17:07 Guangdong

The latest statistics show that as of the end of 2023, the number of registered business entities in Guangdong has exceeded 18 million, accounting for one-tenth of the national total. It continues to rank first in the country, with a net increase of 1.728 million from the end of 2022, an increase of 10.6%. The growth rate is the highest in the past five years.

Why can Guangdong achieve such results?

Guangdong vigorously implements the business entity cultivation plan and strives to create a good business environment. In 2023, Guangdong has successively introduced a series of measures such as the "31 Measures" to cultivate and support individual industrial and commercial households, the "51 Measures" to promote the development of individual industrial and commercial households, and the "31 Measures" to develop and expand rural business entities, to promote the accurate classification of individual industrial and commercial households. Assistance, supporting business entities throughout the life cycle.

Guangdong comprehensively cleans up policy documents that have discriminatory provisions on market access, qualification licensing, government procurement, etc. for individual industrial and commercial households. It randomly checks more than 12,000 documents and actively proposes rectification opinions to the policy-making authorities in response to the problems discovered. Statistics show that as of October 2023, various cultivation and support policies have benefited 2.46 million individual industrial and commercial households, nearly three times more than in 2022, including new tax cuts and fee reductions, tax rebates and tax deferrals totaling 76.1 billion yuan. Especially in industries such as accommodation, catering, wholesale and retail where individual industrial and commercial households are concentrated, the "one license is applicable" reform will be implemented, and related licenses will be applied for once and approved in parallel, the submission materials will be streamlined by 50%, and the approval cycle will be shortened by 70%.

At the same time, Guangdong continues to deepen the reform of business start-up, promoting the reduction of the five links of business registration, namely license, seal, tax, insurance (employee insurance registration), and gold (housing provident fund payment registration), into one, and the business start-up time has been reduced from 35 days are compressed into less than 1 working day. Guangdong has also piloted the "one license for all" reform, realizing the merger of key business licensing matters and business licenses, and "one code display" of license information. The business volume of license applications accounts for more than 85%. The level of investment facilitation continues to improve, and continues to inspire the whole society to set up enterprises. enthusiasm.

Data show that in 2023, there were 2.577 million registered "four new economies" (new technologies, new industries, new formats, and new models) enterprises in Guangdong Province, accounting for 32.9% of the total number of enterprises, an increase of 13.9% from the end of 2022; the province There were 861,000 registered manufacturing enterprises, a year-on-year increase of 5.6%, and 91,000 newly registered manufacturing enterprises, a year-on-year increase of 10.9%. Since 2023, Guangdong's traditional industrial enterprises have upgraded their industrial and value chains to mid-to-high-end through technological transformation and digital transformation, and manufacturing enterprises have grown rapidly.

At present, the added value of the 20 strategic clusters being built in Guangdong accounts for more than 40% of GDP. In the first 11 months of 2023, Guangdong’s industrial investment growth rate was as high as 23.0%.

In addition, in the process of "advance in depth" of the Guangdong-Hong Kong-Macao Greater Bay Area, Guangdong's export-oriented economy has developed rapidly. As an important part of foreign-funded enterprises, the number of Hong Kong and Macao-funded legal persons in Guangdong Province will reach 96,000 in 2023, a year-on-year increase of 15.5%; there are 8,000 newly registered Hong Kong and Macao-funded legal persons, a year-on-year increase of 64.4%.

These are inseparable from the Greater Bay Area’s continued efforts to promote “soft connectivity”. In order to further improve the level of investment and business facilitation, Guangdong has accelerated the connection of rules and mechanisms in the field of market supervision in the Guangdong-Hong Kong-Macao Greater Bay Area, deepened the reform of the registration confirmation system, promoted the "Bay Area Universal Processing" for registration, and implemented "cross-border universal processing, one place" "Two Notes", piloting the electronic circulation of simplified versions of notarized documents for Hong Kong investors, realizing full electronic registration of Hong Kong-funded enterprises, and facilitating investment and business in the Bay Area. There are 87 enterprises per 1,000 people in the 9 cities in the Greater Bay Area, reaching the level of developed countries.

Guangdong’s total number of enterprises, total number of foreign-invested enterprises, and private economic entities all rank first in the country.

In the future, Guangdong will continue to work hard to optimize the business environment. The "Three-Year Action Plan for Building a World-class Business Environment in the Guangdong-Hong Kong-Macao Greater Bay Area" released in December 2023 proposes that by 2025, Guangdong will have achieved results in key areas such as removing hidden barriers, optimizing the approval process for reengineering, and strengthening in-process and post-event supervision. A series of landmark achievements have made the business environment's systems and mechanisms more complete, making the market-oriented, rule-of-law, and internationalized business environment a golden signature.

We sincerely hope that merchants from all over the world will visit Zhaoqing City and Sihui City to take a look.

We sincerely hope to be friends with the whole world, and we sincerely do business with the whole world.

If there is anything we can't do well, I hope you can give us some suggestions.

Zhaoqing Foreign Affairs and Overseas Chinese Affairs Bureau

Address: No. 122, Chengzhong Road, Duanzhou District, Zhaoqing City, Guangdong Province

Tel:  0086-758-2237010,  0086-758-2231845   (English、Chinese、Cantonese)

Investment Promotion Bureau of Sihui City

Address: 3F, Administrative Center, Dongcheng Street, Sihui City, Guangdong Province

Tel:     0086-758-3611228 (Chinese、Cantonese)

Fax:    0086-758-3611188

Email: (English、Chinese、Cantonese)

Zhaoqing Investment Promotion Bureau

Address: 6/F, No. 18, Jiangbin West Road, Duanzhou District, Zhaoqing City, Guangdong Province

Tel:     0086-758-2899202  (Chinese、Cantonese)

Fax:    0086-758-2282600

Email: (English、Chinese、Cantonese)

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