GreenPro Capital meet the development opportunities in the Greater Bay Area

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China, 25th February 2019, based on the effective questionnaires provided by 240 companies, the American Chamber of Commerce in South China released the White Paper on China’s Business Environment in 2019 and the Special Report on the Economic Situation of South China in 2019. According to two documents, compared with 2018, the average reinvestment budget of member companies in China in 2019 increased to 37.9%, which is the highest since 2010. Green Capital was invited to participate in this conference.

The annual “white paper” and special report are seen as important windows for observing China’s business environment. This year is the 11th time that the American Chamber of Commerce in South China has released a “white paper” and a special report. The companies surveyed are from the United States, China, the European Union, Japan, South Korea, Australia, New Zealand, Canada, Southeast Asia, and other countries and regions. According to the report, almost all foreign-funded enterprises remain profitable in China and are optimistic about future economic development. 80% of the respondents indicated that they have achieved very positive returns in their investment in China and expressed their willingness to further expand. Chinese market.

Where does foreign investment in China’s investment come from?

The “Guangdong, Hong Kong, Macao, and Greater Bay Development Plan” was officially announced recently. The “White Paper” and the special report show that 80% of the companies surveyed are optimistic about the future development of Guangdong, Hong Kong, and Macau. The government’s continued support, infrastructure support, and regional economic development are considered to be three key factors contributing to the development of the Guangdong, Hong Kong, and Macau Bay Area.
Continue to increase opening up to the outside world. In July last year, China’s “Special Management Measures for Foreign Investment Access (2018 Edition)” came into effect. In terms of foreign investment restrictions, it was reduced by 15 compared with the 63 version of the 2017 edition and opened up in various fields, such as In the financial sector, the restrictions on foreign-invested shares in the banking sector were abolished. In 2021, all foreign-invested stocks in the financial sector were lifted. In the manufacturing sector, the auto industry eliminated the restrictions on foreign-owned shares of special vehicles and new energy vehicles, and in 2020 and 2022, respectively. Cancel the foreign-investment ratio limit for commercial vehicles and passenger vehicles.
The infrastructure is perfect. At present, the Chinese government has invested billions of dollars to strengthen the interconnection of infrastructure in Guangdong, Hong Kong, and Macau. In 2018, the world’s longest cross-sea bridge, the Hong Kong-Zhuhai-Macao Bridge, was completed and opened to Hong Kong, Zhuhai and Macau into a “one-hour economic circle”. The links between people, traffic and logistics in Guangdong, Hong Kong, and Macao are closer than ever.
It has great development potential and is known as the fourth largest bay area in the world. In the 56,000-square-kilometer Greater Bay District, a huge population of 70 million people and a GDP of more than 10 trillion yuan has been formed. It will be another in the world economic map after the Tokyo Bay Area, the New York Bay Area, and the San Francisco Bay Area. Shining economic growth. These are all factors that encourage foreign investment in China.

Meeting the development opportunities in the Greater Bay Area, helping enterprises to move towards securitization

According to data from the Ministry of Commerce of the People’s Republic of China, more than 60,000 foreign-invested enterprises were newly established nationwide in 2018, a year-on-year increase of 69.8%, and the actual use of foreign capital reached a record high. The results of the South China Chamber of Commerce’s “2019 Special Report on the Economic Situation of South China” show that the member companies of the South American Chamber of Commerce in South China have higher profit margins in southern China than in other regions. This coincides with the research results of the White Paper on China’s Business Environment in 2019. Half of the respondents said that mainland China is still its largest investment destination, and Guangzhou has been rated as one of the 35 cities in mainland China for the second consecutive year. Preferred investment destination.
According to statistics from 21 financial statistics, in 2018, a total of 324 Chinese enterprises landed in the capital market through IPO, accounting for 24% of the total number of global IPOs; the initial fundraising totaled 404.7 billion yuan (RMB, the same below), accounting for 29% of the total IPO fundraising. . So far, the number of listed companies in China has reached 6,961.
Among them, 40% of IPO companies are from Greater Bay District of Guangdong, Hong Kong and Macao, Hengqiang, the strongest in the first-tier cities, and the second echelon in Chengdu, Nanjing, Hangzhou. Although the number of IPOs in China has halved in 2018, it has not changed the regional pattern of IPO. In terms of IPO corporate headquarters, Hong Kong, Guangdong, Shanghai, Beijing, Jiangsu, and Zhejiang are still the most active regions in China’s IPOs, with more than 20 listed companies in 2018. Among them, Hong Kong ranked first with 91, followed by Guangdong and Shanghai, with 47 and 41 respectively. In addition, 140 IPO companies are from Greater BayDistrict, Guangdong, Hong Kong, and Macau, accounting for 43%.
Among the cross-border financial sectors in the Greater Bay Area of Guangdong, Hong Kong, and Macau, Guangzhou is one of the birthplaces of modern finance in China and one of the fastest growing cities in China’s financial industry. In 2018, the green special capital Nasdaq was listed, and it entered the Guangzhou area. It conformed to the national strategic development plan, further assisted the small and medium-sized enterprises in Greater BayDistrict to understand the current situation of the capital market, and built the blueprint for the enterprise and the “Belt and Road”, Guangdong, Hong Kong, Macao, and Greater Bay District. The opportunity is fully combined to strengthen cross-border financial business development and cooperation with financial institutions, make full use of the resources of international exchange and cooperation platforms, and leverage the power of capital to strengthen cooperation in international financial exchanges.
In the past few years, Green Capital has successfully led dozens of mainland quality enterprises to “go global” to the international capital stage and successfully open overseas markets. In order to deepen the “introduction” and actively respond to the “One Belt, One Road” initiative to strengthen the understanding of mainland China along the line, Green Capital will join hands with the Mazhong General Association to publish the “Malaysia Economic and Trade Investment Guide” and the self-issued version of “New Asia · New Situation” The “One Belt, One Road” book has laid a good foundation for the company to “bring in.”
Under the global economic integration pattern, cross-border economic activities of enterprises have become increasingly active, and the demand for cross-border financial services has become stronger. He Jiaheng, head of the Green Capital Capital Guangzhou Office, said that the Group is full of confidence in the development of Guangdong, Hong Kong, and Macau’s Greater BayDistrict. In the future, Green Capital Group will continue to strengthen the integration of cross-border resources, accelerate the development of the ADAQ platform, and provide customers with more comprehensive. And high-quality services, further enhance the competitiveness of green capital, continue to actively expand the global market layout, and help domestic SMEs to open the road to securitization.

About GreenPro Capital Corp.

Headquartered in Hong Kong with strategic offices across Asia, GreenPro Capital Corp. (the “Company”) (NASDAQ: GRNQ), is a multinational conglomerate with a diversified capital portfolio. With 30 years of experience in the industry, GreenPro has been assisting and supporting businesses and High-Net-Worth-Individuals (HNWIs) to capitalize their value on a global scale through the provision of cross-border business solutions and accounting outsourcing services to small and medium-sized businesses located in Asia The comprehensive range of cross-border business services include, but not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax planning. We also operate venture capital businesses including a business incubator for start-up and high growth companies to support such companies during critical growth periods, including education and support services, investment opportunities in selected start-up and high growth companies, and rental activities of commercial properties and the sale of investment properties. For further information regarding the Company, please visit http://www.greenprocapital.com

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the Securities and Exchange Commission.

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