AsiaNet 84201

CHANGSHA, China, May 29, 2020 /Xinhua=KYODO JBN/--

Changsha, the capital city of Central China's Hunan province, issued multiple

policies on optimization of business environment to stimulate a strong economic

and social recovery.

According to Changsha Business Environment Optimization Coordination Center,

since the year of 2019, Liuyang city (under the jurisdiction of Changsha city)

has released a number of supportive policies, such as "Twelve Measures on

Optimizing Enterprise Services of Liuyang" and "Implementation Opinions on

Advancing Economic Development on Night-time, Rural and Network Scale".

"Regulations on Optimizing Business Environment of Changsha " is planned to be

implemented on June 1st, 2020. Enterprises' enthusiasm for innovation and

entrepreneurship has been stimulated significantly, thanks to these favorable

policies.

Hunan Yanjin Puzi Holding Co., Ltd. (Yanjin Puzi), with its headquarter in

Liuyang, is a listed company specializing in research, development, production

and sales of leisure snacks. It has enjoyed a reputation as "the first

enterprise in self-producing leisure snacks in China". "From a small candied

fruit workshop with less than 10 workers, to a large-scale listed enterprise in

food industry today, the brand 'Yanjin Puzi' has been popularized from Changsha

to the whole nation, even to the whole world. We cannot reach so far without

the favorable business environment of Changsha," the Chairman of Yanjin Puzi,

Zhang Xuewu said.

The financial report shows that Yanjin Puzi has reached 464 million revenues

and 57.2 million net profit in the first quarter of 2020, increasing 35.43% and

100.8% respectively quarter-on-quarter. From January 2nd to May 15th, the stock

price has risen by as much as 151%.

The "Double-Channel Reform" in Yuhua district, Changsha, has enabled the

procedures including processing of license, taxation, social insurance,

official seals and account-opening to be handled within 2 hours. Since the

implementation of the policy of "zero-meeting" acceptance, "zero-threshold"

audit and "zero-cost" certification, 3,275 new enterprises have been

established, seeing a growth of 31.3% year-on-year. The total number of market

entities in Yuhua district ranked first among China's central provincial

capitals, thus being rated as one of the top 100 national investment potential

regions in 2019.

As one of the three critical parks in China (Changsha) Cross Border E-commerce

Comprehensive Pilot Zone, Changsha Huanghua Comprehensive Bonded Zone has been

proactively supporting cross border e-commerce and firmly increasing "1210"

imported bonded e-commerce business values. Since March, 2020, a great increase

has been witnessed in imported products like fresh aquatic products, daily

chemicals, high-tech and mechanical and electrical products in Changsha, under

the impetus of domestic demand.

Changsha Cross Endless E-commerce Co.,Ltd. has set up its nationwide largest

bonded warehouse in Huanghua Comprehensive Bonded Zone; more than 50% products

of China are shipped from here. From January 1st to May 21st, 2020, ordering

numbers exceeded 870,000, and import and export volume reached nearly 300

million, which marked a 5.1 times of growth of annual total volume and a 2.4

times of growth of import and export volume in 2019.

Another cross border e-commerce named Changsha Fengmai Cross Border E-commerce

Co., Ltd. is mainly engaged in Russia business. Products are shipped to Russia

via Erenhot three times a week by air. By May 25th, over 3.3 million orders,

with a total value of US$22 million have been sent to Russia. With the end of

the epidemic, two more shifts will be added to this route once a week.

In order to effectively mitigate the impact of the epidemic and to support the

development of freight routes, Huanghua Airport Customs has further simplified

the speed-up process and shortened the clearance time. The "24-hour Green

Channel" provides opportunities for "zero-waiting" and "zero-latency". This

year, international freight routes from Changsha to North America, European,

Africa and other regions will be open.

Source: Changsha Business Environment Optimization Coordination Center

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=364390

   Caption: The manufacturing shop of Hunan Yanjin Puzi Holding Co., Ltd.

   Link: http://asianetnews.net/view-attachment?attach-id=364396

   Caption: Xianing port area in Changsha new port