Multinational Companies: Beijing Wants You

Joining the competition between Hong Kong, Singapore and Shanghai, Beijing is seeking to boost its attractiveness as a magnet for Asian corporate headquarters. The Beijing municipal government recently introduced a new set of preferential policies for multinational companies that set up their regional headquarters in the Chinese capital, Xinhua reports (in Chinese here).According to the new rules, which will take effect next month, foreign companies that set up their regional headquarters in Beijing will enjoy preferential rental policies and receive financial support from the municipal government during their start-up periods.