Dezan Shira & Associates | Understanding China’s Greater Bay Area: Opportunities for Italian Companies

Dezan Shira & Associates is pleased to announce that the new publication Understanding China’s Greater Bay Area: Opportunities for Italian Companies is out now and available for complementary download. The China-Italy Chamber of Commerce offered its expertise as a contributing partner.

Compiled by professionals from Dezan Shira & Associates, this publication aims to provide an overview of the opportunities and growth areas in China’s Greater Bay Area (GBA). It is an ideal reference not only for Italian investors looking to enter the GBA, but also for companies who already have a presence here and want to keep up-to-date with the most recent benefits and developments.

The GBA initiative is an ambitious plan to integrate and transform nine mainland cities in the Pearl River Delta and two special administrative regions – Hong Kong and Macao – into an international bay area that will rival other such world-class city clusters like the New York, San Francisco, and Tokyo Bay areas.
 

China’s Greater Bay Area

Since the formulation of the GBA initiative in 2017, business communities have placed high expectation on the coordinated development among GBA cities, as the removal of barriers that limit the movement of trade, capital, information, and people – coupled with targeted government policies – will allow various industries to flourish.

Given its dynamic and comprehensive industry landscape, its large and wealthy local consumer base, as well its ability to attract highly skilled talents, the GBA is one of China’s most investor-friendly areas with a long history of foreign engagement.
 

Italian Business in the Greater Bay Area

The Italian business community possesses strong advantages in the food and beverage (F&B), hospitality, machinery and automotive, electronics, fashion industries, which are among key areas promoted for the GBA’s success.

Understanding China’s Greater Bay Area: Opportunities for Italian Companies covers the following:
• An Overview of China’s GBA
• 11 Member Cities of the GBA: Profile, Industry, Incentives, and Subsidies
• GBA vs. Hainan FTP
• Future Development of the GBA

Alberto Vettoretti, Managing Partner of Dezan Shira & Associates, says, “I wish here to thank the China-Italy Chamber of Commerce (CCIC) and its Chairman, Paolo Bazzoni, for their contribution in the production of this report. We hope this publication can help Italian businesses stay nimble in the GBA amid an otherwise challenging time.”
 

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About the China-Italy Chamber of Commerce

The China-Italy Chamber of Commerce (CCIC) is the only business organization recognized by both the Italian Government (Ministry of Enterprises and Made in Italy) and People’s Republic of China (Ministry of Civil Affairs) that aims to boost the internationalization of Italian business and to promote the “Made in Italy” in the P.R.C.

Established in 1991, CCIC has now offices in Beijing (North), Shanghai (East), Suzhou (East), Guangzhou (South), Shenzhen (South), Chongqing (Southwest) and Chengdu (Southwest).

CCIC members represent the Italian business community in the P.R.C. At the same time, CCIC welcomes to its network Chinese companies through the channel “Friends of CCIC”, boosting connectivity among the Sino-Italian business community.
 

About Dezan Shira & Associates

Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax, and operational advisory to international corporate investors. Operational throughout China, India, and ASEAN, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining, and growing their business operations in the region.
 

Dezan Shira & Associates has offices in Italy and a Italian Desk in China to facilitate Italian investors entering the China market. With 30 years of on-the-ground experience and a large team of lawyers, tax experts, and auditors, in addition to researchers and business analysts, we are your partner for growth in Asia. For further questions, please contact china@dezshira.com.