Hong Kong and China mainland to boost tourism industry

China's next premier Li Keqiang has offered this special administrative region a number of gifts during his tour to Hong Kong.

One of the sectors that emerges favored by China mainland is tourism. Mr. Li made clear in one of his keynote speeches that Hong Kong is welcome to set up more travel agencies in mainland.

Ever since China lowered the threshold for foreign

New development in setting up your travel agency in China

We are helping a Hong Kong travel company (with its shareholders being European travel operators) to set up its WFOE travel agency in Shanghai.

Recently, during a meeting with officials from Shanghai Tourism Bureau, we have learned, orally from the officials in Shanghai, some new development in regard of foreign investment in tourism industry in China.

One…

China opens the outbound travel business sector to foreign investment

[ For a PDF version of this article, please click here: China opens the outbound travel business sector to foreign investment]

On May 23, 2011, China National Tourism Administration (the “CNTA”) posted on its website an announcement (the “Announcement”) about the three most fortunate foreign invested travel agencies that …

China opens outbound travel to foreign operators

 China opened its tourism market wider and gave licenses to three joint travel services to organize Chinese tour groups overseas.

The National Tourism Administration of China on Monday gave the licenses to TUI China Travel Co Ltd, CITS American Express Travel Services Ltd, and JTB New Century International Tours Co Ltd.

The three joint ventures involve foreign…

Chinese tourism market

A Japanese travel agency recently got approval from the Chinese authorities to set up a totally foreign-funded company in China, the first of its kind so far. What does it mean? Is it a challenge or chance for local companies to compete with increasing power?

China boasts a large population and vast geographical areas. They are natural catalysts for the development…

Practical tips about setting up a foreign invested travel agency in Shanghai China

Since China relaxed its rules about setting up foreign-invested travel agency by enacting the Regulation on Travel Agency (the “Regulation”) in February of 2009, there have been a flurry of interests aroused thereby and we have been approached frequently by potential foreign clients inquiring about how to set up their own travel agency in China.…

Setting up a foreign invested travel agency in China

To meet its undertakings upon the entry into the WTO, China has promulgated the Regulation on Travel Agency (“Regulations”), effective as from May 1, 2009, which also incorporates rules for setting up foreign invested travel agencies (“FITA”). Previous regulations issued by Ministry of Tourism (“MOT”) and Ministry…