A hotspot for entrepreneurship

The China (Zhejiang) Pilot Free Trade Zone (FTZ) has become a magnet for foreign investors. Between January and October in 2018, the FTZ reported 285 newly-registered foreign-invested enterprises, almost four times the number gained throughout the previous year. Contractual foreign capital and actual paid-up foreign capital respectively reached $3.85 billion and $240 million.

CCCC (Zhoushan) Junhang Engineering Co Ltd

CCCC (Zhoushan) Junhang Engineering Co Ltd was registered in the Qiandao Central Business District in 2017. It was the first foreign-invested company in the Qiandao Central Business District with a registered capital of $8 million. The company is a subsidiary of China Communications Construction Co Ltd (CCCC). Its business mainly involves water transportation engineering, trade and warehousing. It can carry out chemical products trading and wholesale of refined oil products (without warehousing). The company meets the development needs of the district, which is looking for suppliers, producers, traders or settlement centers in petrochemical industries.

Erasmus Shipinvest Group (Zhoushan)

Erasmus Shipinvest Group (Zhoushan) was established by Erasmus Shipinvest Group in the Xincheng Shipping Service Cluster Area in 2018 as the first wholly foreign-owned international ship management enterprise in Zhoushan. Headquartered in Greece, Erasmus Shipinvest Group was set up in 2010. It is committed to dry-bulk ocean shipping, shipping assets, ship management and the chartering business. Erasmus Shipinvest Group is now equipped with over 400 seafarers and over 40 shore-based personnel, catering to global commodity trade customers from such shipping centers as Greece, China, Singapore, the Netherlands, Japan and Switzerland.

Boeing Zhoushan Delivery Centre Co Ltd

Boeing Zhoushan Delivery Centre Co Ltd was established in the Marine Industry Cluster Area in Zhoushan in 2018. It was the first company registered by Boeing to provide test flights, flight technicians and various types of aircraft engineering technical support for aircraft delivery after the Boeing project settled in Zhoushan. The company is a wholly foreign-owned enterprise invested by Boeing Singapore Pte. Ltd. Its registered capital is $10.34 million and its total investment is $25.85 million.

Other renowned enterprises in Zhoushan: