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Hamburg lures SZ investors
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Winton Dong
HAMBURG, the second largest city in Germany, yesterday unveiled special incentive policies for establishing a business presence in Hamburg for enterprises from China, especially those from South China.
“If any Chinese company is ready to investigate the potential of the German market and to establish a branch there, we will pay the rental costs of office space for a period of six months in a location of the company's choice,” Bernd Riegerl, chief executive of Hamburg Business Development Corporation told Shenzhen Daily yesterday.
According to Riegerl, setting up a branch in Hamburg enables a Chinese company to examine the local German market on the spot and come to a firsthand conclusion about the business possibilities the Hamburg area has to offer. However, should the German market disappoint, the company can pull out without incurring significant losses.
According to the latest statistics, more than 200 Chinese companies have set up branches or offices in Hamburg.
“Hamburg holds a leading position in trading with Asian nations. Indeed, more than 50 per cent of its total container volume is from Asia,” said Riegerl.
The largest container terminal in Germany, Hamburg is situated on the Elbe River, at the intersection of major European markets. The city offers efficient traffic connections and its traditional function as a free port and gateway to northern European countries such as Norway, Denmark, Sweden and Finland, not to mention countries in central Europe including Austria, Hungary, the Czech Republic and Poland.
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