France
offers incentives to attract Chinese investors
 |
| David Nealis Ceres Ltd |
France's
minister for small and medium-sized enterprises, innovation, and digital
economy announced that the country is offering a range of incentives in an
effort to attract investment from China and Hong Kong.
The move by
the French government comes as the country's economy shrank in Q4 of 2012.
Fleur Pellerin, France’s first South Korean-born minister said her government
is offering various incentives to Hong Kong and mainland China investors who
will come to invest in the country. Some 200 mainland Chinese companies are
already operating in France, she said.
 |
| Wenxi Qu Ceres Ltd. |
Wenxi Qu of
Ceres Ltd pointed out that the main motivation of many Chinese people who
invest abroad is for a citizenship and they tend not to focus on running a
highly profitable company in a new environment that they might not understand
the regulatory environment and in addition the extremely high tax system in
France, would force many Chinese to keep their main assets of shore. In short
they would have a French citizenship but make money outside of France.
