Foreign firms get red-carpet welcome

The Beijing government yesterday released new regulations aimed at attracting more multinational corporations to set up their regional headquarters in the capital.

The New Regulations on Encouraging Multinational Companies to Establish Regional Headquarters in Beijing will take the place of the old one of 1999, and its implementation rules on how these policies will come out next month.

This regulation applies to foreign multinational corporations and those from Hong Kong, Macau and Taiwan.