Privately-Owned Companies in China Plans to Enter Overseas Markets
September 5, 2008 · Print This Article
Here is interesting survey conducted by Fudan University on behalf of HSBC. According to the Survey, more than 40 percent of private companies in China are planing to enter overseas markets by exporting their products:
Overseas markets a lure
MORE than 40 percent of Chinese privately-owned enterprises are planning to break into overseas markets in the next three years, an industry survey found yesterday.
Fudan University, on behalf of HSBC, surveyed 1,000 of these firms, mainly in the Yangtze River Delta and Pearl River Delta in the first half, HSBC said yesterday.
Based on survey data and related models, the research indicated that 700,000 POEs nationwide had overseas expansion plans.
The respondents are from manufacturing, wholesale and retail, and information technology industries.
The research showed that among the 43 percent surveyed POEs with overseas expansion plans, 63 percent intended to establish sales networks.
The survey also found 55 percent of respondents had overseas economic and trade activities, including exporting their own products, selling products overseas via trade agents and setting up joint ventures with overseas firms.
POEs still depend on domestic banks for lending needs when seeking finance.
The survey found about 60 percent of the respondents had no contact with foreign banks.
Respondents also showed increasing interest in foreign banks’ services, such as short-term yuan loans, hedging and merger and acquisition advice, the survey found.
The deciding factors for POEs when choosing a bank for international business are rates for services offered and borrowing costs, the bank’s global reach, brand reputation and specialist expertise.
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